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Aerospace & defense

Iron Dome Israeli gov't signs $125m Czech Iron Dome deal

Eight IAI ELTA ELM-2084 Multi-Mission Radars (MMR) with air surveillance, air defense, and artillery capabilities will be delivered between 2021 and 2023.

Submarine affair Photo: Shutterstock ASAP Creative Indictments could sink future German submarine deals

Germany has supplied Israel with submarines for three decades, but an anti-corruption clause inserted into the option on further procurement is liable to bring that to an end.

Benjamin Netanyahu photo: Reuters Beneath the surface of the submarines affair

Why did the prime minister let Germany sell strategic submarines to Egypt? How many submarines does Israel really need? Will Michael Ganor regret not turning state's witness?

David Shimron, Michael Ganor, Eliezer Marom State Attorney issues indictments in German submarines affair

Michael Ganor and Eliezer Marom are accused of bribery, and David Shimron of money laundering in a separate case.

Rony Hizkiyahu  photo: Tamar Matsafi State-owned defense co to pay gov't NIS 200m dividend

Dividends from state-owned companies in Israel are expected to top NIS 1 billion this year.

Bet Shemesh Engines  photo: Tamar Matzafi FIMI sells Bet Shemesh Engines shares for NIS 100m

After selling 8% of the company's shares, private equity firm FIMI Opportunity Funds still holds a 35% stake.

IAI T-Heron Photo: IAI IAI improvement continues but debt dents cash flow

Israel Aerospace Industries posted a $32 million net profit in the third quarter.

Bezhalel Machlis  / Photo: Elbit Systems PR, ira prohorov Elbit Systems Q3 revenue, orders backlog up

The company's gross profit ratio fell from 29.1% to 26.3%.

Elbit Systems Hermes UAV Defense Ministry seeks to expand Israel's arms exports

Among other things, senior IDF commanders will take part in marketing efforts in export target countries.

IAI T-Heron Photo: IAI IAI presses ahead with IPO despite Defense Ministry doubts

A PwC report for the Ministry of Defense is against a share offering for Israel Aerospace Industries, but the Government Companies Authority, backed by McKinsey, is in favor.

Harel Locker Photo: Eyal Izhar Is NIS 12b a realistic valuation for IAI?

The capital market believes that Israel Aerospace management's figure for valuation in a public offering is over-optimistic.

Photonics  / Photo: Shutterstock Israel targets photonics with new research center

The government is investing NIS 200 million in the new institute, which will be part of the Soreq Nuclear Research Center.

RAMTA Beersheva Israel readies for quantum leap

An industrial and academic consortium aims to provide the knowledge infrastructure for quantum-based military and civilian developments.

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