In providing standard financial results for the year 2024, Advanced defense systems Rafael Yoav Turgeman “Globes” told the 2025 main focus that will provide Israel's air defenses with a high -energy laser weapons system, as promised.
“We are the first company in the world to offer such a laser operating product. Despite all the challenges, we are facing our commitment. This is an important global achievement,” he says. The system is expected to be of great benefit in terms of defensive spending. In some cases where objections are being implemented so far using the iron dome system, its cost is estimated at about $ 30,000 per objection, the iron beam will be used.
“Iron Dome provides objection capabilities for a wide range of targets and relatively low of objection. Some have said there will be a lack of missiles, but this has not happened, despite tens of thousands of missiles. Those that need to be objected were intercepted.
At the same time, one of the most interesting missile defense systems in Raphael, which has been operating for several years and brought a unique deal with Finland, is David's Sling. Turgeman says there will be news about the medium -term interception system in the future. “This is an exceptional capacity system compared to its counterparts, at a lower price than not good systems.”
In 2024, Raphael ended with record revenues in both the full year and the fourth quarter. In 2024 revenues amounted to 17.8 billion New, an increase of 27 % over 2023, and the accumulation of requests at the end of the year was 64.7 billion New, representing 3.6 years of work, an increase of 24 % of the end of 2023. Half of the revenues were exports.
The Israeli defense sales division shows that the share of export sales in Rafael (46 %) in 2024 is still similar to the year 2023. The most important increase in net profit, which jumped by 64 % to 950 million New in 2024. The net profit was affected by the fourth quarter in the fourth quarter, with a new ranking in fourth, ranked fourth, ranked fourth, in fourth, not, did not It is preceded by it was arranged on the fourth. 11 billion.
“During the year, we have provided the Ministry of Defense with what they are traditionally receiving from us, but there were also new products. In 2024, we faced mobilization of nearly 20 % of the reserves, we have suffered from missile and missile attacks, and we have succeeded in achieving what is increasing. I managed to sign additional contracts, and will be closed in the near future,” says Turgeman.
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As I mentioned for the first time two weeks ago by “Globes”, the profits of the besieged Rafael, which amounted to 444 million NIS (121.2 million dollars), were approved after a long delay. In total, Raphael has transferred profits to the state so far, totaling more than 2.5 billion New. Because of the great growth in the demand in the defense sector, Raphael hired about 1,800 new employees in 2024 in the company's factories in Haifa Bay and Gush Segev in the western Galilee, as well as in the development centers in Perseva, Jerusalem, Tel Abira.
Rafael is now the largest employer in the north of the country, with about 10,000 employees and 20,000 indirect employees. The company's annual purchases of subcontractors reach 4 billion NIS, especially in the northern region. “The local purchases of Raphael are a growth engine for the Israeli economy and northern societies in particular,” says Rafael Chairman Dr. Joal Steinitz. “Raphael's growth provides exceptional opportunities, which effectively helped rehabilitate the north.”
RAFAEL invests about 8 % of its total revenue in research and development budgets every year. “We have invested 6 billion NIS in the field of research and development, and some of our own money and some of them are customers who cost development,” Turgeman concludes, announcing that in 2025 “we will invest about 30 % in the field of research and development.”
It was published by Globes, Israel Business News – En.globes.co.il – on March 26, 2025.
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