RAFAEL concludes 2022 with record-highs in sales of approx. $3.45 billion
“This financial year brought with it technological breakthroughs and marketing achievements, both in Israel and worldwide, and again with very promising financial results,” said the company’s CEO & President
Photo: RAFAEL
Rafael Advanced Defense Systems Ltd. announces its financial results for 2022, as approved by the company's board of directors, with sales amounting to $3.45 billion and a net profit (without the special tax for previous years' profits) of $150 million. The volume of orders is $4.8 billion and the order backlog is $10.1 billion, which is about 3 years of sales. In 2022, Rafael paid the State of Israel a special tax on retained profits from previous years amounting to some $128 million.
The backlog of orders breaks a record, crossing the 10 billion dollar mark and standing at approximately $10.2 billion compared to approximately $9.2 billion in the corresponding period last year- the increase is mainly due to orders received in Israel and abroad.
The net profit (without the special tax) in 2022 amounted to about $150 million, compared to the net profit of about $133 million in 2021. The company's sales in 2022 totaled approximately $3.45 million, compared to approximately $3.07 billion in 2021.
CEO and President of RAFAEL, Maj. Gen. (Ret.) Yoav Har-Even: "This financial year brought with it technological breakthroughs and marketing achievements, both in Israel and worldwide, and again with very promising financial results. Even through the challenges and complexity of the past year, RAFAEL continued to be a central pillar supporting the country's security, with significant contributions to the IDF and the defense establishment as a whole by providing a wide range of capabilities and advanced systems that are the products of the considerable investments in research and development.”
In 2022, Rafael recorded several monumental achievements both in terms of development and testing, as well as commercial success and business operations. Through the successful testing of the IRON BEAM High Energy Laser Weapon System - a powerful laser system designed to intercept aerial threats that will be a complementary capability to the IRON DOME system.
Also in 2022, RAFAEL signed a strategic teaming agreement for the development of the IRON BEAM system with Lockheed Martin. The company also completed a live fire test of the 'IRON DOME' battery in cooperation with the US Army. RAFAEL unveiled the new SPIKE NLOS 6th Generation Missile - the most advanced anti-tank missile in the world and conducted a successful test of the C-DOME - the naval application of the IRON DOME.
The company introduced ICE BREAKER, the advanced air-to-ground missile, the first Israeli missile to incorporate an advanced electro-optical homing warhead capable of autonomously classifying targets.
The 2022 Fiscal Year also saw other major commercial achievements as RAFAEL acquired two international companies to support the company's increase in activity: American-based PVP and British-based Pearson Engineering.
In 2022, RAFAEL also reached a feat in the recruitment of employees with approximately 1,300 employees joining the company. RAFAEL is the largest employer in the northern part of Israel with some 8,000 employees and annual acquisitions in the amount of about 4 billion dollars from subcontractors, most of them in the north of the country.
About 8.9% of the company's total sales are allocated to investment in research and development. The investment also includes joint activities with academic institutions in Israel and abroad and involvement in various civic activities, including collaborations with startups and innovation centers.
“This financial year brought with it technological breakthroughs and marketing achievements, both in Israel and worldwide, and again with very promising financial results,” said the company’s CEO & President
Photo: RAFAEL
Rafael Advanced Defense Systems Ltd. announces its financial results for 2022, as approved by the company's board of directors, with sales amounting to $3.45 billion and a net profit (without the special tax for previous years' profits) of $150 million. The volume of orders is $4.8 billion and the order backlog is $10.1 billion, which is about 3 years of sales. In 2022, Rafael paid the State of Israel a special tax on retained profits from previous years amounting to some $128 million.
The backlog of orders breaks a record, crossing the 10 billion dollar mark and standing at approximately $10.2 billion compared to approximately $9.2 billion in the corresponding period last year- the increase is mainly due to orders received in Israel and abroad.
The net profit (without the special tax) in 2022 amounted to about $150 million, compared to the net profit of about $133 million in 2021. The company's sales in 2022 totaled approximately $3.45 million, compared to approximately $3.07 billion in 2021.
CEO and President of RAFAEL, Maj. Gen. (Ret.) Yoav Har-Even: "This financial year brought with it technological breakthroughs and marketing achievements, both in Israel and worldwide, and again with very promising financial results. Even through the challenges and complexity of the past year, RAFAEL continued to be a central pillar supporting the country's security, with significant contributions to the IDF and the defense establishment as a whole by providing a wide range of capabilities and advanced systems that are the products of the considerable investments in research and development.”
In 2022, Rafael recorded several monumental achievements both in terms of development and testing, as well as commercial success and business operations. Through the successful testing of the IRON BEAM High Energy Laser Weapon System - a powerful laser system designed to intercept aerial threats that will be a complementary capability to the IRON DOME system.
Also in 2022, RAFAEL signed a strategic teaming agreement for the development of the IRON BEAM system with Lockheed Martin. The company also completed a live fire test of the 'IRON DOME' battery in cooperation with the US Army. RAFAEL unveiled the new SPIKE NLOS 6th Generation Missile - the most advanced anti-tank missile in the world and conducted a successful test of the C-DOME - the naval application of the IRON DOME.
The company introduced ICE BREAKER, the advanced air-to-ground missile, the first Israeli missile to incorporate an advanced electro-optical homing warhead capable of autonomously classifying targets.
The 2022 Fiscal Year also saw other major commercial achievements as RAFAEL acquired two international companies to support the company's increase in activity: American-based PVP and British-based Pearson Engineering.
In 2022, RAFAEL also reached a feat in the recruitment of employees with approximately 1,300 employees joining the company. RAFAEL is the largest employer in the northern part of Israel with some 8,000 employees and annual acquisitions in the amount of about 4 billion dollars from subcontractors, most of them in the north of the country.
About 8.9% of the company's total sales are allocated to investment in research and development. The investment also includes joint activities with academic institutions in Israel and abroad and involvement in various civic activities, including collaborations with startups and innovation centers.
