RAFAEL posts 2019 record sales of $US 2.7 billion
RAFAEL Advanced Defense Systems Ltd. posts its financial results today (Thursday) for FY 2019, amid the COVID-19 global crisis, with record sales of $2.7 billion, an increase of %3.9 compared to 2018. The company's orders totaled $2.8 billion (10 billion Shekels), with record high export orders, and an order backlog of $7.2 billion (24.8 billion Shekels), equivalent to 2.5 sales years, despite the significant depreciation in the Dollar- and Euro-to-Shekel exchange rates.