8 January 2021: Harel Locker, the Chairman of Board of IAI will be stepping down from his position. Locker had assumed his position in September in 2017. During his tenure the company underwent significant changes to its business structure. The company improved its bottom lines and for the first time passed the USD 4 billion sales threshold. In addition, for two consecutive years IAI presented its largest profits since the company was established
Harel Locker said, “Today I announced my intention to step down from my position as chairman of Israel Aerospace Industries Board of Directors. I conclude my tenure with great pride and with a feeling of satisfaction. In the last years the company reached extraordinary technological, defence and business achievements, the best since its establishment. The company recorded a record profit in 2019, and despite the Coronavirus pandemic, reached record results in 2020 as well. These results are testimony to the company’s business and financial robustness, its excellent human capital, and the success of its new strategy. IAI maintains its moral compass and we continue to preserve the State of Israel’s qualitative security edge.”
Parallel to the business achievements, IAI made technological breakthroughs including test-launching the Arrow 3 weapon system in Alaska, launching the Ofek 16 satellite, launching the Beresheet lunar lander, developing Israel’s national communication satellite ‘Dror 1’and more. The company received the Israel Security Award twice under Locker’s leadership.
