Rafael CEO eyes IPO by end of year, plans to attend French defense shows in future
In an interview with Breaking Defense, Yoav Tourgeman acknowledged that questions remain about how exactly the Israeli defense giant would go public.
In an interview with Breaking Defense, Yoav Tourgeman acknowledged that questions remain about how exactly the Israeli defense giant would go public.
In an at times contentious hearing, the defense secretary said the administration urgently needed nearly $90 billion in supplemental funding in part to cover Iran conflict-related costs.
The platform "represents a technological leap forward, combining stand-off operations with the ability to sense, understand and shape the electromagnetic battlespace," said Dror Bar, CEO of IAI subsidiary Elta Systems.
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 US seems stuck on the fence about whether to abandon or commit to the Lebanese military, and until it picks a side, little is likely to change in the regional conflict with Hezbollah, writes Bilal Saab.
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.
Smart Shooter VP Scott Thompson told Breaking Defense that the evolving threat of small drones has sparked high demand for kinetic solutions.
The booths of some smaller Israeli firms are hidden behind temporary walls here, while spaces for larger companies are open but mostly devoid of weapons systems.
“It’s a game changer. It’s smaller, uses only 4kWh, can be connected to a vehicle, and is three to four times less expensive than current laser or microwave systems,” Erex Riahi, the CEO of Esh-Tech, said.
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.
“[M]issile, rocket, and air defense systems continued to lead in 2025, accounting for over a quarter (29%) of total deal volume,” the Israeli Ministry of Defense announced today.
Both Elbit Systems and Rafael plan to attend Eurosatory, despite a new ban on Israeli government officials attending.
The company said approximately 71 percent of the backlog was for customers outside Israel.
“This procurement of Leopard tanks to Norway came at the right timing with the rebuilding of German armed forces and their tank fleet and we could join with KNDS and [the] German and Norwegian government[s] to create the new baseline of the Leopard,” EuroTrophy Managing Director Dan Kalfus told Breaking Defense.