Iron Fist will protect the IDF's new Eitan armored fighting vehicle (AFV) and D-9 bulldozers.
Elbit Systems' orders backlog totaled $9.8 billion at the end of the second quarter.
Rafael's accumulated profits are estimated at NIS 2.5 billion.
After the NIS 850 million acquisition, Rafael and Avihai Stolero will each hold 50% of the Israeli UAV developer and manufacturer.
Components of the color helmet mounted display System of the CV-22 aircraft will be delivered by October 2020.
10 startups entrepreneurs will be chosen to develop dual defense and commercial applications as part of the INNOFENSE program.