Israel’s two giant state-run defense companies may go public, but there are hurdles
The current market presents an opportunity for the Israeli government to raise billions of dollars while improving the companies' efficiency and access to capital.
The current market presents an opportunity for the Israeli government to raise billions of dollars while improving the companies' efficiency and access to capital.
Romania has taken a number of steps to upgrade its defenses amid the war in Ukraine just across its border, including acquiring other Israeli systems.
Palladyne plans to put new AI swarming software on the battle-proven Israeli drones and compete for contracts like the Army’s Long-Range Precision Munition (LRPM), CEO Ben Wolff told Breaking Defense.
The plan involves different defensive systems dispersed across small satellite ships, which can be connected to a mother ship in a disaggregated model.
A selection of photos from the show floor on the first day of the Navy League's biggest conference.
"The decisions we made to expand and accelerate production lines in Israel before the operation will now allow us to take production rates to the next level," said Israeli MoD Director General Amir Baram.
“IAI’s pivotal role in Germany’s air defense array and the trust established with the German government were recently demonstrated during the delivery of the Arrow 3 system, just two years from contract signing,” CEO of IAI Boaz Levy said.
IAI President and CEO Boaz Levy called the deal a "significant milestone for IAI in East Asia, with Thailand being a key and influential country in the region."
The $4 billion deal to deliver Arrow 3 to Germany was finalized in late 2023.
Companies from Israel, the UAE and Turkey made an estimated $31 billion in arms revenue in 2024, according to a new report.
The Arrow 2 and 3 systems make up the highest tier of Israel's air defense, working in tandem with David's Sling and Iron Dome.
“This revolution is reshaping the future of modern warfare,” Eric Mandel, director of the Middle East Political Information Network, told Breaking Defense.
The Israeli government called the move an “outrageous and unprecedented decision” which “reeks of policy-driven and commercial considerations."
IAI, Rafael and Elbit are moving forward with showcasing their wares at the Paris Air Show this week.