Rafael Advanced Defense Systems Ltd ended the year 2014 with a net profit of US$90 million with orders totaling US$3 billion, an order backlog of US$5 billion and sales of $US1.9 billion.
Rafael develops and manufactures advanced defence systems for the IDF and the defence establishment in Israel and for many countries around the world, and conducts global partnerships.
Rafael is the largest employer in Northern Israel with approximately 7,000 employees and numerous subcontractor and service suppliers.
Rafael's profits in 2014 were achieved for the most part from its production, R&D, and marketing in the following fields: air defense, air-to-ground systems, multi-purpose, electro-optical-tactical precision missile systems, navigation, targeting and tactical reconnaissance pods ("Litening"), Communication and Intelligence systems and space propulsion.
Rafael's order backlog in 2014 was US$5 billion, comprising approximately 2.5 years of sales activity, of which 55% is intended for export to many countries in Latin America, the U.S., Asia and others.
In 2014 Rafael continued its efforts to expand existing markets and enter developing markets, while creating new local partnerships. During the year, Rafael signed a joint-venture agreement with Bharat Forge of India, aimed at strengthening the sales potential in the important Indian market.