In 2019, Rafael posted record sales of $2.7 billion, up 3.9 percent from 2018. Our international sales market share is about 60 percent of total sales. On top of that, we have an order backlog of over $7 billion, which covers approximately 2.5 years of sales. Our systems are in service in all 5 continents, ranging from naval to land to air, space and cyber solutions. We are involved in major programmes throughout the world and are competing in major tenders, spanning digitisation of land forces, aircraft upgrades, communication across all forces, air defence, precision munitions, anti-drone systems and many more.
Our approach has always been to stay a few steps ahead of the game. Just as we work to constantly develop technologies and systems to give our partners and users the advantage and edge they needs to win the battle, the enemy is also never staying put, continuously looking for new means to challenge us defensively and offensively. This is true for our immediate environment in the Middle East, and it is no less true in other regions around the world. This is why Rafael invests over 8 percent of its revenues each year in R&D, and it's why we have onboard the world's best scientists and engineers, as we insist on excellence, out-of-the-box thinking and imagination. Systems such as the Iron Dome, David's Sling, Spice, Trophy, Spike, and many others, are proof of success of this forward-thinking approach which has yielded some of the world's most ground-breaking systems. Rafael's systems and solutions are applicable and can be integrated to a variety of platforms, land, air and sea, with full commonality.
Rafael prides itself in being able to create partnerships with international leading aerospace and defence companies overseas. Over 100 offset activities and industrial cooperation have been set up with over 20 countries worldwide.
This story is from the September 2020 edition of Geopolitics.
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This story is from the September 2020 edition of Geopolitics.
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