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
High-tech credit: Shutterstock 8,300 tech employees left Israel after start of war

Amid increased relocation, Israel's tech workforce has contracted for the first time in over a decade, the Israel Innovation Authority reports.

Donald Trump  credit: Shutterstock Israel can't escape impact of tariffs

Even if Israel obtains relief from the tariff imposed on it by US President Trump, it will feel the global effects of the trade war, analysts say.

Shekel versus US dollar  credit: Tali Bogdanovsky US market slide shakes shekel

The shekel weakened significantly against both the US dollar and the euro at the opening of foreign exchange trading today.

Arik Faingold credit: Nati Levi Israeli autonomous frontend co AutonomyAI raises $4m

Led by Arik Faingold, the founder of cybersecurity unicorn Pentera, AutonomyAI offers a platform that learns and understands the full organizational context and generates code that can be deployed directly to the production environment.

British Airways aircraft  credit: Shutterstock/Jarek Kilian Tel Aviv - London fares to fall as British Airways resumes flights

From June there will be 20-32 weekly flights operated on the popular Tel Aviv - London route by foreign airlines - British Airways, Wizz Air and easyJet.

Partner Partner forms int'l business diivision

The division will be headed by former Bezeq International VP Global Business Nissan Arieh.

Caesarstone kitchen credit: Caesarstone Caesarstone bucks Nasdaq as tariffs boost potential

The Israeli quartz countertop manufacturer company has fallen on hard times due to Chinese rivalry but tariffs could boost its revenue.

ZIM ship credit: ZIM Trump's tariffs torpedo ZIM's share price

ZIM's share price fell 16.4% on Wall Street on Thursday and a further 7.2% on Friday, closing with a market cap of $1.5 billion, wiping out all its gains in 2025.

Israeli apartments Credit: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel in Tel Aviv, Holon, Rehovot, Kiryat Tivon, Shlomi and Beersheva.

THAAD anti missile system credit: The US Army Ralph Scott Wikimedia US deploys more THAAD, Patriot batteries in Israel - report

Amid rising regional tensions the US is bolstering Israel's air defense, Saudi state-owned TV channel Al Arabiya reports.

Tel Aviv Stock Exchange credit: Shutterstock TASE tumbles in Wall Street's wake

Dual-listed stocks have again been hard hit, but the banks are also down sharply.

Donald Trump and Benjamin Netanyahu credit: Avi Ohayon Netanyahu due in Washington to discuss tariffs

According to news website Axios, Prime Minister Benjamin Netanyahu will be the first leader to meet President Trump after the latter's announcement of sweeping import tariffs.

Yoni Assia CEO eToro Credit: PR eToro defers IPO amid market turmoil

The online trading platform had planned to begin meetings with investors this week.

Minister of Finance Bezalel Smotrich credit: Shlomi Yosef Smotrich meets wrong man in Washington

Minister of Finance Bezalel Smotrich tried to persuade Secretary of the Treasury Scott Bessent to soften the tariff blow on Israel - only Bessent isn't responsible for the matter.

Unframe founders credit: Yossi Yarom Israeli AI enterprise platform co Unframe raises $50m

Unframe’s turnkey AI solutions enable companies to solve any enterprise AI use case at scale with fully functional, customized AI solutions for businesses in a matter of hours, rather than months.

Combatica credit: Combatica Combatica launches next-gen VR AI training platform

The Israeli company's virtual reality platform includes 50 AI generated scenarios, seven maps and even situations for operating night vision.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018