Aerodrome

The Tel Aviv Stock Exchange closed in the green led by insurance, and on Wall Street, chips recovered as Nvidia broke a streak of declines before tonight's report. Two local companies provide a lesson on inflated forecasts. What is expected today?

The Ministry of Defense has demanded 30 million shekels in compensation from drone manufacturer Aerodrome for failing to meet tender conditions. The ministry has expressed willingness to negotiate to avoid a legal battle.

The drone company Aerodrome is down by 3% after announcing today (Tuesday) the resignation of CEO Ziv Ben Baruch. He will be replaced by Brigadier General Itzik Bilet, marking the third CEO change in the company within the last year.