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IBM Israel begins operating in Tel AvivIBM 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%