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.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September 2020 edition of Geopolitics.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
India's space economy set to soar
India's burgeoning space economy could see a substantial increase in its global share by 2040. At present, India's space sector contributes a modest $8 billion to the overall cake. However, the government has set its sights on an ambitious target, aiming for a five-fold surge in India's share of the global space economy.
CRITICAL NEED TO BOOST CONVENTIONAL SUBMARINE FLEET
VENUGOPAL MENON explains why India cannot afford to view the critical deficiency in Submarine force levels lightly
BEEFING UP OUR SUBMARINE FLEET
In the last week of March, the Indian Navy displayed its submarine prowess. Eight of its submarines operated together in the Western Indian Ocean Region, a first in three decades, and one of its Scorpene submarines sailed to the Andaman Nicobar Islands, overlooking the Malacca Strait, a critical choke point for China. But how is the comparison with China? RITU SHARMA reports
ENHANCING CRUISE MISSILE CAPABILITY
India’s cruise missile capability has largely evolved as a credible conventional level deterrence since the turn of the new millennium. But much more needs to be done, writes AMARTYA SINHA
BOOSTING DEFENCE EXPORTS
Earlier, India was known to be an arms importer. But today, the country has come out of its comfort zone and found a place in the list of top-25 arms exporter nations argues AMARTYA SINHA
ENHANCING INDIA'S AIRBORNE SURVEILLANCE CAPABILITIES
Project NETRA represents a proactive initiative by ISRO to safeguard India's interests in space by mitigating the risks posed by space debris and other hazards, says GIRISH LINGANNA
THE HIMALAYAN TRIANGLE: WHY INDIA KEEPS BHUTAN SAFE FROM CHINA
India, given its special relationship with Bhutan, has been very wary about the possibility of the establishment of diplomatic relations and the signing of a boundary agreement between Bhutan and China, writes SIMRAN SODHI
TROOST, DESAI AND SANCTIONS
The Western sanctions against companies and individuals doing business with Russia have produced a complex set of reactions with lobbyists and shell companies working overtime to beat the rap. A GEOPOLITICS Bureau report
THE KOREA-GATE
India attaches great importance to “three principles of inclusiveness, trust and reciprocity’” for creating the basis for working more closely with like-minded partners in the Indo-Pacific such as the Republic of Korea (ROK), better known as South Korea for “a free, peaceful and prosperous region”. Prakash Nanda dissects the relationship and the way ahead
Pushpak RLV-TD successfully lands autonomously
ISRO achieved another significant milestone in reusable launch vehicle (RLV) technology with the successful landing of Pushpak (RLV-TD), the winged vehicle, autonomously on the runway.
