Israel Aerospace Industries (IAI) achieved record sales of USD3.6 billion during 2013, the state owned group reported on 26 March.

Sales increased 9% over the 2012 level, while gross earnings edged up 3% to USD522 million.

However, IAI warned of difficult trading conditions. It said that 2014 will be a “challenging year in terms of general macro economics”, while earnings in 2013 were hampered by poor exchange rates. […]