Israeli defense firms retain high rankings in world’s top 100

Elbit Systems simulation training credit: Elbit Systems
Elbit Systems simulation training credit: Elbit Systems

Elbit, IAI and Rafael are again highly placed in the 2024 rankings of “Defense News.”

Israel’s biggest defense companies have maintained their position in the international top 100 rankings for 2024 of "Defense News." The combined revenue of the top 100 companies worldwide rose by 13% in 2023, after falling by 12% in 2022.

The highest ranked Israeli defense company is Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) in 22nd position, down one place from last year’s rankings, with annual revenue of $5.5 billion in 2023, up 10% from $4.9 billion in 2022. Last year Elbit jumped from 31st place to 21st place.

Rafael and Israel Aerospace Industries climbed in the rankings

The second highest ranked Israeli company is Israel Aerospace Industries (IAI), which climbed to 28th place from 30th place last year. IAI’s annual revenue from defense sales totaled $4.4 billion last year, up 9% from 2022. The other major Israeli defense company Rafael Advanced Defense Systems rose one place in the rankings to 33, with revenue of $3.8 billion in 2023, up 10% from 2022.

With three defense companies in the top 100 Israel is well placed alongside South Korea. The US has 48 companies in the top 100, China and the UK 6 each, and Germany, France and Turkey five each.

Published by Globes, Israel business news - en.globes.co.il - on August 12, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

Elbit Systems simulation training credit: Elbit Systems
Elbit Systems simulation training credit: Elbit Systems
APM merges with lawyers from Doron, Tikotzky Kantor, Gutman credit: Eyal Merilos APM merges with 12 lawyers from Doron, Tikotzky Kantor, Gutman

With the addition of these 12 lawyers, Amit Pollak Matalon & Co. will now have 135 lawyers.

US President Donald Trump credit: Reuters Sipa USA Israel on list as Trump unveils tariffs

Relatively low reciprocal tariffs will be imposed on Israeli goods sold in the US.

Deflated unicorn credit: Shutterstock Big Tech 50 reports more huge falls in startup valuations

Israeli R&D partnership Big Tech 50 reports that an investment of $2 million in Orcam made in 2021, shrank to just $31,000 at the end of 2024.

NextFerm technologies based on yeast credit: NextFerm Food-tech co NextFerm suspends operations

The company, which produces food ingredients in yeast without genetic engineering, cannot pay its debts and is seeking a buyer.

Minister of Finance Bezalel Smotrich credit: Shlomi Yosef OECD sees recovery in growth but high inflation

The OECD Israel Economic Survey 2025 recommends that the Israeli government take several restraining measures, in order to exit the economic storm created by the war.

Dano Ben-Hur credit: Dror Sithakol Statisticians contradict BoI on impact of housing finance deals

The Central Bureau of Statistics insists the impact of 20/80 buy now pay later financing deals on the real estate market and housing prices is minimal.

Governor of the Bank of Israel Amir Yaron  credit: Government Press Office Debt fears top Bank of Israel's concerns

Most unusually, Governor of the Bank of Israel Amir Yaron's press conference last week did not focus on inflation and the impending interest rate decision.

US President Donald Trump  credit: Reuters/Leah Millis Israel moves to avoid Trump's tariffs axe

Minister of Finance Bezalel Smotrich has signed an order canceling all tariffs on imports from the US. The impact will mostly be on agricultural produce.

Forbes Rich List credit: Shutterstock Maslowski Marcin Wiz founders ranked in Forbes 2025 Rich List

There are a few dozen Israelis listed in the 2025 Forbes Real-Time Billionaires List including Wiz founders Assaf Rappaport, Yinon Costica, Roy Reznik and Ami Luttwak.

SatixFy CEO Nir Barkan credit: Ariel Barkan Canada's MDA Space to buy Israeli satcom co SatixFy

MDA Space will pay $269 million for the Israeli company, including taking on a $76 million debt and a 75% premium on SatixFy's closing price on Nasdaq yesterday.

Raising dollars credit: Shutterstock Israeli startups raised over $1b in March

Israeli privately-held tech companies have raised $2.1 billion in the first three months of 2025, according to IVC-LeumiTech, up 24% from the corresponding quarter of 2024.

Terminal 1 credit: Personal image Terminal 1 reopening revives Israel low-cost fare options

With the opening of the terminal for international flights, the Irish low-cost airline Ryanair has returned to Israel and with it, double-digit US dollar round-trip fares.

Arkady Volozh  credit: Shlomi Yosef Analysts see Israel-linked Nebius challenging CoreWeave

Nebius, founded by Yandex founder Arkady Volozh, operates in CoreWeave's AI server market, but is growing "more rationally", and has far less debt.

Bezalel Smotrich and Amir Yaron credit: Knesset Spokesperson and Tali Bogdanovsky Retail chains, credit card cos could soon act as banks

Israel's financial regulators have proposed that supermarket chains, credit card companies and investment houses will be able to accept deposits and offer credit.

Elbit Systems rocket launcher  credit: Elbit Systems Elbit Systems wins $130m European rocket order

The order is for the supply of rockets for Elbit's Precise and Universal Launching System (PULS), which has an effective range of up to 300 kilometers.

Nvidia VP Ali Kani credit: Nvidia Nvidia intensifies efforts to compete with Mobileye

"Globes" talks to Nvidia VP and automotive team head Ali Kani about the chipmaker's autonomous vehicle activities and assesses the threat to Mobileye.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018