Defense Industry

The SK Group, owned by the Israeli businessman, is increasing its investment in the Greek company ELVO to over 60 million euros. The company plans to transform its Thessaloniki plant into a hub for defense system development, following the 3 billion euro "Achilles Shield" deal between Israel and Greece.

A warning letter was sent to the Prime Minister following the failure to transfer 40 billion shekels. Industry heads warn of the closure of ammunition production lines. The IDF is preparing for immediate cuts in reserve duty days and a halt to the restoration of tanks damaged in the war.

The controlling shareholder, the CEO of Solrom, and interested parties purchased shares on the stock exchange during August for approximately 1.1 million shekels, representing about 0.5% of the share capital.

Israeli defense firms Elbit Systems, Israel Aerospace Industries, and Rafael have secured spots in the top 30 of the 'Defense News' global 100 list. This milestone coincides with Elbit Systems announcing $270 million in new international contracts.

After a massive rally and significant capital inflows, investors betting on the defense industry have suffered a painful blow. We analyze the reasons behind the rapid collapse and the potential impact of future IPOs from industry giants.

The major defense company has signed contracts totaling approximately $270 million to be fulfilled over six years. This order adds to a massive backlog that secures the company's revenue for years to come.

The wars in Ukraine and the Middle East have made protection against missiles and UAVs a global necessity. Greece, Finland, and Germany are turning to Israel thanks to its operational experience and proven capabilities in the field. Now we must decide how much of our advantage can be sold — and when to stop.

Brigadier General (res.) Gabi Shahor has been appointed Chairman of the Board of the technology company Massivit. He will lead a strategic initiative to deepen the company's penetration into the defense and aviation sectors both in Israel and globally.

The military simulation systems company controlled by the Mizrahi family concluded the first half of the year with a sharp jump in profits and cash flow, but is currently trading at a valuation of about 2.6 billion shekels, lower than the valuation at the IPO just a few months ago.

Rafael CEO Yoav Turgeman is criticizing the Ministry of Finance over state payment delays to defense firms. The Ministry of Defense currently owes 15.5 billion shekels to major defense contractors.

The defense technology company concludes the second quarter of 2026 with a double-digit jump in sales and orders, marking an unprecedented milestone with the Navy.

Iran conveyed two conflicting messages to the US today: a willingness to return to talks alongside warnings of new military capabilities to be revealed "in due time."

Israel and Greece are set to sign a 3.1 billion euro agreement next week to establish the 'Achilles Shield' air defense system. The project will integrate advanced Israeli technologies, including Spyder, Barak MX, and David's Sling, utilizing artificial intelligence to optimize threat response.

Israeli and US strikes have failed to stop the momentum of defense production in Iran, which claims to have even tripled the rate. Meanwhile, Taiwan is increasing defense spending in the face of the Chinese threat, and Switzerland fears being left without air defense in a world where demand for defense systems is only growing.

Aerodrone is completing a strategic management overhaul by appointing a Brigadier General (res.) with extensive security industry experience to lead the company toward growth.

Smart Shooter's operating profit dropped by approximately 70% in the second quarter to $238,000. The company attributed the rise in expenses partly to the strengthening of the shekel.

Israel Shipyards reported a 21.6% increase in quarterly revenue to 428.5 million shekels. Net profit jumped 22-fold to 15.6 million shekels, driven by strong performance in the shipyard and port sectors.

Smart Shooter summarizes an exceptionally strong first half of 2026: revenues grew by approximately 27.3% to about 16.3 million dollars, the order backlog jumped to 51.6 million dollars, and the adjusted net profit shifted from a loss to a profit of 1.5 million dollars. CEO Michal Mor: "Demand is increasing"

Next Vision reports a new order worth approximately $5.9 million from an existing client, adding to an unprecedented order backlog of over $217 million since the beginning of 2026.

Iryna Terekh, a 34-year-old former furniture designer, leads Fire Point, a major Ukrainian defense company. Despite having no military background, she oversees the production of drones and long-range missiles, which now account for over 60% of Ukraine's long-range missile output.

The defense company controlled by the FIMI fund has moved from net debt to a financial surplus of 112 million shekels and holds an order backlog of 2.4 billion shekels. But the security moderation in the region poses a question: what will happen to demand when the arena calms down?

The prolonged war has highlighted Israel's dependence on munitions arriving from the USA - and now the defense establishment is preparing to significantly expand local production. GPS systems that turn regular bombs into precision ones, munitions that identify the target using a camera, and missiles launched from a great distance: these are the main smart munitions used by the Air Force - and this...

Israeli company Uvision has won another contract to supply drones to the US Army. The UAE is expanding its THAAD array against the Iranian threat. Also: Ukraine's unusual use of Chinese civilian aircraft frames. This week in the defense industries.

American defense tech firm Ondas continues its Israeli expansion by acquiring Aran Defense for 100 million shekels. The deal will be settled through Ondas shares.

Athens is expected to approve this week the purchase of three Israeli systems as part of the "Achilles Shield" program. Despite the reduction in the original amount, this is the second-largest deal for Israeli defense exports, and now eyes are on customers in the Asia-Pacific region in the shadow of the threat from China. Meanwhile, optimism is not reaching the stocks.

In Huntsville, industry giants presented plans to lower the cost of interceptors after the war with Iran depleted about two-thirds of the Patriot inventory. Lockheed is offering the ACE for around $2 million, and Boeing is cutting the cost of the seeker head.

Defense giant Elbit Systems reported a 38% profit jump and a record $32 billion backlog, yet its stock plummeted 9%, losing third place to Bank Leumi. The decline highlights the dangers of sky-high market expectations. Meanwhile, Bank Hapoalim returned to the 100 billion shekel valuation club, and Palo Alto nears the unprecedented one-trillion shekel threshold.

34-year-old Iryna Terek heads the largest private defense company in Ukraine, responsible for the UAVs and missiles striking targets across Russia.

The war against Iran has exposed heavy pressure on US interceptor stockpiles: arms giants are trying to produce cheaper and faster missiles, alongside integrating small companies that offer low-cost alternatives. Lockheed and Boeing are already presenting budget-friendly solutions.

Rheinmetall has successfully completed a test of launching from a container launcher mounted on a moving truck. With a range of 100 km and advanced armor-piercing capability, the system is capable of launching up to 18 UAVs in succession.

Trump has ordered the US Navy to return to steam-based launch systems on new aircraft carriers. Industry officials warn that the dramatic move is expected to cost billions, delay programs, and create a potential technological advantage for China.

Israel Aerospace Industries (IAI) concludes the second quarter and the first half of 2026 with the highest results in its history. Net profit for the half-year jumped to $449 million, and sales reached $4.275 billion.

The American-Israeli defense company Ondas reported second-quarter revenue of $84 million, a 14-fold increase year-over-year. Despite this growth, the company's operating loss widened to $163 million, driven largely by significant stock-based compensation for executives.

The alliance with the United States is a strategic asset, but it cannot be a substitute for independent Israeli capability. From the campaign against Iran to ammunition stocks, energy, and reserves: Israel must prepare for the day when it will be required to continue fighting alone.

The US is significantly accelerating the production of air defense interceptors. The UAE presents a 'DIY' style drone. Korea has granted a local corporation a contract for the mass production of unmanned robots. And the fund that will invest millions in Israeli defense-tech companies.

Aero Sentinel is shifting to mass production after an Iranian missile destroyed its factory, forcing a relocation to Tel Aviv. The goal is to replace Chinese products within the IDF. The company's VP calls it a "strategic necessity."

Israeli technology company Stratasys has been awarded $7.8 million by the US Department of Defense and America Makes to advance 3D printing quality control.

The two largest defense stocks on the Tel Aviv Stock Exchange posted good financial results but plunged on the day of the report. The reason: when the valuation is twice the industry average, good results are not enough. "A high bar of expectations has been built around defense stocks."

The largest Israeli defense company reported a 38% jump in net profit, despite a sharp increase in tax payments. The key figure explaining sustained investor interest is the record order backlog, which secures the company's growth for years to come.

The company generated $2.29 billion in revenue and $199 million in profit in the second quarter of the year, beating analyst expectations. According to the company, 73% of its current order backlog comes from abroad.

Chen Golan, Chairman and Co-Founder of Next Vision, spoke with ice about another quarter that shattered forecasts, the anticipated acquisition, and why the company is not rushing to NASDAQ. He also addressed the sensitive issue of stock sales by founders.

Since the beginning of the year, 20 companies have raised 7.7 billion shekels through IPOs. Despite the success of the defense sector, nine out of 19 stocks currently trade below their IPO price amid market caution.

Israel is facing growing criticism from Azerbaijan, partly due to the government's discussion regarding the recognition of the Armenian genocide. Despite a significant deal closed for Rafael systems, companies fear that the trend of shrinking deals with the strategic client will continue. Among the sources of concern: the surge of American companies and an unexplained delay in the space tender...

World press on Israel: Concerns over potential F-35 sales to Turkey, Ankara's sixth-generation aircraft ambitions, internal opposition within the Khamenei family, and the deepening defense ties between Israel and the UAE.

The U.S. military has exhausted a significant portion of its long-range strike missile stockpile in the war with Iran, and weapons giant Rheinmetall warns that replenishing the stocks will take much longer than two years. Former Navy commander Eliezer Marom notes that this depletion raises concerns about U.S. readiness for future conflicts, including potential tensions with China.

The Washington Post reports that American ammunition stockpiles are running low. The Pentagon has ordered defense contractors to submit plans within 21 days to expand production capacity.

The Pentagon is stepping up efforts to replenish American ammunition stockpiles following the extensive use of munitions during the war with Iran. In a memorandum published in the Washington Post, Deputy Secretary of Defense Steve Feinberg demanded that the American defense industry dramatically accelerate the production and delivery rates of critical weapon systems and munitions.

US President Donald Trump announced a $3 billion investment in critical mineral and battery projects. The initiative aims to strengthen national security and replenish precision weapon stockpiles.

A new Amnesty International report reveals that since October 7, thousands of arms shipments have been transferred to Israel from India. Behind this flow are defense industries that have transferred knowledge and production to the subcontinent in recent years, thereby turning one of their largest clients into part of the supply chain.

According to a report in the newspaper Il Messaggero, Italian authorities have ordered the cessation of the use of Rafael's anti-drone system at Fiumicino International Airport and the transfer of the contract to an Italian company. The reason: the system was defined as "military equipment" imported without the required permits.