Rafael reports record-breaking sales in Defense sector

In 2023, the Israeli defense company Rafael released its financial report, revealing record-breaking sales of 14 billion shekels. This was a 21% increase from the previous year and marked a significant milestone in the company’s history. The majority of Rafael’s order portfolio came from foreign customers, with 57% originating from international sources and 43% from the Israeli Ministry of Defense.

Rafael’s success can be attributed to its focus on innovation and cutting-edge technology. Over the past year, the company introduced several groundbreaking products, including the world’s first interceptor missile for supersonic missiles, Sky Sonic, and made significant advancements in the development of their Shield of Light laser missile defense system. These advancements have solidified Rafael’s position as a leader in the defense industry.

In addition to its innovative products, Rafael is also committed to providing efficient and reliable transportation, ensuring the safety of goods during relocation, and delivering exceptional customer service. These values have helped set Rafael apart as a standard-bearer for excellence in defense technology. As a result of its efforts, Rafael has seen a net profit of NIS 588 million in 2023, which represents a 17% increase from the previous year.

By Aiden Johnson

As a content writer at newspoip.com, I have a passion for crafting engaging and informative articles that captivate readers. With a keen eye for detail and a knack for storytelling, I strive to deliver content that not only informs but also entertains. My goal is to create compelling narratives that resonate with our audience and keep them coming back for more. Whether I'm delving into the latest news topics or exploring in-depth features, I am dedicated to producing high-quality content that informs, inspires, and sparks curiosity.

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