Rafael reported a record year with sales reaching approximately $6.28 billion, surpassing the $6 billion threshold for the first time, with 46% of sales to international customers, underscoring strong export traction and diversified demand.

S&P Global Ratings notes Rafael’s order backlog has reached more than ILS 74 billion (around $25 billion), representing over three years of sales and indicating strong long-term demand visibility and program stickiness.

Rafael reported Q2 2024 sales of approximately ₪3.9 billion, a 25% year‑on‑year increase, signaling accelerating top-line growth and operational scaling.

Rafael continues to promote and evolve its Iron Dome and other short-range air and missile defense solutions (C-RAM, SHORAD) as core offerings, reinforcing its positioning in the global air defense market segment.

International sales accounting for 46% of annual revenue indicate ongoing export expansion and deeper penetration into foreign defense markets beyond Israel.

S&P Global’s A- rating on Rafael Advanced Defense Systems reflects recognition of its strong business risk profile, supported by a robust backlog and key role in Israel’s defense ecosystem.

Rafael’s scale of multibillion-dollar sales and multi-year backlog implies sustained demand for engineering, production, and support talent, reflected in ongoing recruitment activity mentioned across its digital channels and careers outreach.