Rafael chief targets continued growth on back of major spike in orders

Rafael is experiencing significant expansion driven by a substantial increase in sales, specifically a 30% annual boost over the past three years. This remarkable growth has resulted in a doubling of the company’s output, fueled by advancements in air defense and precision strike capabilities. Chief executive Yoav Tourgeman attributes this success to Rafael's pivotal role in Israel’s defense, noting that 98% of interceptions are conducted utilizing Rafael systems. The company’s strategic focus remains on bolstering these critical technologies for continued operational effectiveness. Tourgeman anticipates sustained high-growth rates as demand continues to rise within the defence sector.