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1950

 
 
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IBM Israel begins operating in Tel Aviv  

IBM Israel begins operating in Tel Aviv.
IBM is assigned Korean War-related projects including bombing-navigational systems for Air Force bombers, and giant high-speed electronic calculators for U.S. air defense.

With the beginning of the Korean War, IBM places its U.S. facilities at the government's disposal.

 
People
  Employees 30,261  

Finance
  Revenue $266 M
+ 45 %
 
  Net earnings $37 M
+ 12 %
 
  Dividend 5%