TechNation: IAI Did $100 Million of Cybersecurity Business in 2016

IAI did $100 million of cybersecurity business in 2016 Cybersecurity has emerged as an important new growth sector for state-owned Israel Aerospace Industries. IAI said Monday that sales of cybersecurity technology reached $100 million last year, as its board approved forming a unit inside its Elta subsidiary to manage the growing business. “We see cybersecurity as a strategic sector and growth engine for the company,” said CEO Yossi Weiss. “We expect the growth to continue over the next several years. Launching our new cyber unit will provide the foundation for further growth.” Esti Peshin, who was running cybersecurity operations at IAI, was named the new unit’s chief.