• Tue. May 28th, 2024

Rafael Surges to Record-Breaking Sales in 2023, Drives Defense Technology Forward with Innovation

BySamantha Nguyen

Mar 27, 2024
Rafael reports record-breaking sales in Defense sector

In 2023, Rafael, the Israeli state defense concern, released its financial report and revealed a record-breaking sales of 14 billion shekels, an impressive 21% increase from the previous year. The majority of their order portfolio came from foreign customers, with 57% originating from international sources and 43% from the Israeli Ministry of Defense. Additionally, Rafael made a net profit of NIS 588 million in 2023, representing a remarkable 17% increase from the previous year.

One of the largest deals Rafael made in 2023 was the sale of the David’s Sling missile defense system to Finland for an impressive sum of 1.3 billion shekels. The company’s focus on innovation and cutting-edge technology has solidified its position as a leader in the defense industry. Over the past year, Rafael introduced several new products such as Sky Sonic, the world’s first interceptor missile for supersonic missiles and made significant advancements in their Shield of Light laser missile defense system.

Rafael is committed to providing efficient and reliable transportation, ensuring the safety of goods during relocation and delivering exceptional customer service. These attributes have set them apart as a standard-bearer for excellence in defense technology. With continued innovation and dedication to meeting customer needs, Rafael is poised to remain at the forefront of technological advancements in the defense industry for years to come.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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