Israel Aerospace Industries Overview
Israel Aerospace Industries (IAI) is a prominent player in the aerospace and defense sector, specializing in cutting-edge technologies for space, air, land, naval, cyber, and homeland security domains. They offer a diverse range of solutions, including satellites, UAVs, missiles, intelligence systems, air defense systems, radars, business jets, robotic systems, aero-structures, and more. IAI's tailored offerings address distinct challenges faced by customers in both defense and commercial markets.
Latest News
growth-positive
Net income hits $320 million in first half, the strongest in company history, driven by demand for missile-defense systems.
Israel Aerospace Industries (IAI) reported a record net income of $320 million for the first half of the year, driven by increased demand for its missile-defense systems. The companys sales in the second quarter rose by 13% year over year, reaching $1.6 billion. IAIs order backlog remained strong at $25.7 billion, with significant contributions from both the Israeli and international markets. The Arrow 3 air-defense system played a crucial role during the 12-Day War with Iran. Despite filing its financial report a month late due to the absence of external directors, the company managed to submit a preliminary report to the Tel Aviv Stock Exchange. The appointment of new external directors has since been completed.
CustomersManagement Changes
growth-negative
IAI urges local production of refueling jets, while Boeing’s big contract locks up U.S. funding.
Israel Aerospace Industries (IAI) is advocating for local production of aerial refueling jets, challenging Boeings existing contract with the Israeli Air Force. IAI aims to convert Boeing 767s for refueling, emphasizing the importance of maintaining Israels independent strategic capabilities. The Air Force, however, is inclined to purchase additional KC-46 tankers from Boeing, funded by U.S. defense aid. IAIs proposal could be more cost-effective but would require funding from Israels defense budget. The situation tests the Defense Ministrys commitment to local procurement policies. IAIs recent achievements include the launch of the Dror-1 satellite, highlighting its capabilities in aerospace technology.
Partners
growth-positive
IAI eyes takeover of Spacecom
Spacecom, the operator of the Amos satellites, is undergoing a debt settlement process involving Israel Aerospace Industries (IAI) and Phoenix Underwriting. The proposal aims to reschedule Spacecoms $378 million debt, with IAI taking a strategic stake to gain control of the company. This move is expected to facilitate regulatory approvals for the takeover. The proposal includes issuing a $155 million bond secured by Spacecoms satellites, with proceeds used to pay existing bondholders. Spacecom will retain $20 million for operational activities. The settlement is seen as beneficial for both the company and its creditors, providing certainty for debt resolution.
Acquired-by
growth-positive
Israel Aerospace Industries reportedly secures a $1 billion deal with undisclosed foreign client – SatNews
Israel Aerospace Industries (IAI) has secured a $1 billion supply agreement with an unnamed third party, speculated to be Morocco. The deal, to be delivered over five years and completed by 2029, is believed to involve the delivery of satellites. Morocco, which normalized its ties with Israel in 2020, is reportedly seeking advanced satellites for espionage and communication radar purposes. IAI and Morocco have developed close commercial and military ties, with Morocco showing a strong interest in Israeli military technology. In 2023, IAI and the International University of Rabat in Morocco signed a Memorandum of Understanding concerning the construction of a research center in Morocco for artificial intelligence and aeronautics.
CustomersPartnersExpand
growth-positive
IAI secures $1.2 billion air-defense contract during Iron Swords
Israel Aerospace Industries (IAI) has secured a $1.2 billion contract with the Israeli Ministry of Defense to supply advanced air-defense systems. The contract is part of IAIs accelerated response strategy, ensuring swift deployment of these high-tech systems to theaters of operation. This deal not only strengthens Israels defense capabilities but also reinforces IAIs standing as a global leader in the air defense sector. The companys role in international defense markets is increasingly prominent, with its recent deals underpinning its status as a world leader in the industry.
CustomersPartners
| Sector | Aerospace, Defense & HLS |
Funding
| Total funding | $2.11M |
| Last funding | $960K |
| Stage | Mature |
| Rounds | 3 |
| Investors | 0 |
Team Members
5
Employees: 500+
Web & Social Links
| Website | www.iai.co.il |
| Careers | Careers page |
Locations
Ben Gurion Airport, Israel
Photos & Videos
2 item(s)
Israel Aerospace Industries Business
Business models
B2B, B2G
Product stage
Released
Employees
500+
Sector
Aerospace, Defense & HLSTarget Customer
Defense, Safety & SecuritySecurityHomeland SecurityNational SecurityMilitaryIndustrial ManufacturingDiscrete IndustriesAerospaceCore Technology
Machinery & RoboticsAnti-DroneAGVsDronesArtificial IntelligenceMachine LearningSensingRadarTags (17)
cyber-securityroboticsdefensehomeland-securitycontrol-systemsunmanned-aerial-systemsmilitarysatellitesaerospaceairportsautomationoptronicsnanotechnologyelectronic-manufacturingspace-techminingdual-useGeographic Markets
North AmericaAsiaEuropeGlobalIndiaIsrael Aerospace Industries Financials
$2.11M
Total funding
—
Capital raised
$960K
Last funding
Mature
Funding stage
3
Total rounds
0
Investors
Non-Equity Funding
GrantEvent
Jan 2024
$960K
BIRD Foundation
GrantEvent
Jun 2017
$857.14K
GrantEvent
Jun 2014
$294K
Mergers & Acquisitions
MNAEvent
May 2023
$66M
MNAEvent
Sep 2020
Undisclosed
Israel Aerospace Industries Lifecycle
All Events
GrantEvent
Jan 2024
$960K
BIRD Foundation
GrantEvent
Jun 2017
$857.14K
GrantEvent
Jun 2014
$294K
MNAEvent
May 2023
$66M
MNAEvent
Sep 2020
Undisclosed
Israel Aerospace Industries News
61 articles
growth-positive
Net income hits $320 million in first half, the strongest in company history, driven by demand for missile-defense systems.
Israel Aerospace Industries (IAI) reported a record net income of $320 million for the first half of the year, driven by increased demand for its missile-defense systems. The companys sales in the second quarter rose by 13% year over year, reaching $1.6 billion. IAIs order backlog remained strong at $25.7 billion, with significant contributions from both the Israeli and international markets. The Arrow 3 air-defense system played a crucial role during the 12-Day War with Iran. Despite filing its financial report a month late due to the absence of external directors, the company managed to submit a preliminary report to the Tel Aviv Stock Exchange. The appointment of new external directors has since been completed.
CustomersManagement Changes
growth-negative
IAI urges local production of refueling jets, while Boeing’s big contract locks up U.S. funding.
Israel Aerospace Industries (IAI) is advocating for local production of aerial refueling jets, challenging Boeings existing contract with the Israeli Air Force. IAI aims to convert Boeing 767s for refueling, emphasizing the importance of maintaining Israels independent strategic capabilities. The Air Force, however, is inclined to purchase additional KC-46 tankers from Boeing, funded by U.S. defense aid. IAIs proposal could be more cost-effective but would require funding from Israels defense budget. The situation tests the Defense Ministrys commitment to local procurement policies. IAIs recent achievements include the launch of the Dror-1 satellite, highlighting its capabilities in aerospace technology.
Partners
growth-positive
IAI eyes takeover of Spacecom
Spacecom, the operator of the Amos satellites, is undergoing a debt settlement process involving Israel Aerospace Industries (IAI) and Phoenix Underwriting. The proposal aims to reschedule Spacecoms $378 million debt, with IAI taking a strategic stake to gain control of the company. This move is expected to facilitate regulatory approvals for the takeover. The proposal includes issuing a $155 million bond secured by Spacecoms satellites, with proceeds used to pay existing bondholders. Spacecom will retain $20 million for operational activities. The settlement is seen as beneficial for both the company and its creditors, providing certainty for debt resolution.
Acquired-by
growth-positive
Israel Aerospace Industries reportedly secures a $1 billion deal with undisclosed foreign client – SatNews
Israel Aerospace Industries (IAI) has secured a $1 billion supply agreement with an unnamed third party, speculated to be Morocco. The deal, to be delivered over five years and completed by 2029, is believed to involve the delivery of satellites. Morocco, which normalized its ties with Israel in 2020, is reportedly seeking advanced satellites for espionage and communication radar purposes. IAI and Morocco have developed close commercial and military ties, with Morocco showing a strong interest in Israeli military technology. In 2023, IAI and the International University of Rabat in Morocco signed a Memorandum of Understanding concerning the construction of a research center in Morocco for artificial intelligence and aeronautics.
CustomersPartnersExpand
growth-positive
IAI secures $1.2 billion air-defense contract during Iron Swords
Israel Aerospace Industries (IAI) has secured a $1.2 billion contract with the Israeli Ministry of Defense to supply advanced air-defense systems. The contract is part of IAIs accelerated response strategy, ensuring swift deployment of these high-tech systems to theaters of operation. This deal not only strengthens Israels defense capabilities but also reinforces IAIs standing as a global leader in the air defense sector. The companys role in international defense markets is increasingly prominent, with its recent deals underpinning its status as a world leader in the industry.
CustomersPartners
growth-negative
IAI further delays IPO
Israel Aerospace Industries (IAI) has shelved its public offering until at least December due to various reasons, including the drying up of the new issues market in Tel Aviv and ongoing struggles to reach a pay agreement with the workers committee. The offering process began in 2020, but negotiations and regulatory problems have caused multiple delays. The company posted a profit of $213 million in 2022, a 44% increase from the previous year, and its orders backlog rose to $15.6 billion. In the first quarter of 2023, net profit grew by 17% compared to the same quarter in 2022. IAI is a state-owned company in Israel.
Public Trading
growth-positive
Israel Aerospace buys Greek co Intracom Defense
Israel Aerospace Industries (IAI) has signed a deal to acquire Greek technology defense company Intracom Defense (IDE). IDE specializes in the production of missile launchers, missile subsystems, land and sea tactical communications, and more. The financial details of the acquisition were not disclosed. IDE will be integrated into IAIs business activities in Greece and Europe, providing solutions to the challenges faced by the continents countries. IAIs customers will benefit from local production and maintenance in Europe and a wider product portfolio. The acquisition strengthens IAIs business capabilities in Greece and Europe, allowing them to meet the increasing defense needs across the region.
Acquisition
growth-positive
Israel Aerospace Industries nears $5 billion in sales in record-setting 2022 | CTech
Israel Aerospace Industries (IAI) had its most successful year in 2022, with record sales of just under $5 billion and a net profit increase of 44% to approximately $213 million. The increase in sales and profit is attributed to countries equipping themselves with weapons systems due to the war in Ukraine and global tensions. The companys order backlog reached $15.6 billion, guaranteeing over three years of activity. IAI also had a positive cash flow of around $800 million and an EBITDA increase of 28%. The companys success was seen across its military, missile and space systems, and aviation divisions. In addition, the advanced satellite Eros-C3, developed by IAI, was launched into space.
CustomersExpand
growth-positive
Israel Aerospace Industries lands $1 billion in drone deals | CTech
Israel Aerospace Industries (IAI) has closed two new mega deals worth a combined value of approximately $1 billion. The deals involve the sale of unmanned aircraft, including a $600 million contract with an unnamed foreign country and a $400 million contract with the Israeli Ministry of Defense. The war in Ukraine, where both sides are using drones, has increased interest in the use of such technology. The competition, Elbit, has also made significant sales in the drone market. The article highlights the growing importance of drones in military operations.
Customers
growth-positive
Israel Aerospace Industries Awarded Contract to Supply DroneGuard ComJam Systems for the Detection and Flight Disruption of UAS to a Country in Asia
Israel Aerospace Industries (IAI) has been awarded a contract to supply DroneGuard ComJam systems for the long-range detection and disruption of Unmanned Aerial Systems (UAS) to an Asian country. The contract comprises several dozens of mobile systems. The use of UAS has increased dramatically in recent years, posing a potential threat to borders, sensitive facilities, and major events. IAIs DroneGuard ComJam system offers long-range operation to detect and disrupt UAS communications and navigation capabilities, enhancing the customers ability to defend against such threats.
Customers
Israel Aerospace gets $200m European special aircraft deal - I24NEWS
growth-positive
Israel Aerospace Industries reaches new milestone in its partnership with Lockheed Martin
Israel Aerospace Industries (IAI) has reached a new milestone in its participation in Lockheed Martins supply chain by delivering the first F-16 aerostructure kits and the 200th F-35 wing assembly. IAI operates a state-of-the-art F-35 wing production line and is scheduled to produce a total of 811 pairs of F-35A wings, potentially worth more than $2 billion through 2034. The company has recently reopened assembly lines for the F-16 wings, vertical surfaces, and shaped fuel tanks. IAI has been manufacturing aerostructures for Lockheed Martin since the 1980s and has invested in modernizing infrastructure and improving the working environment to meet LM specifications.
PartnersCustomers
growth-positive
► Morocco-Israel: Signing of a Memorandum of Understanding (MOU) in the Aviation Industry Sector with Israel Aerospace Industries (IAI) - EDR Magazine
Israel Aerospace Industries (IAI) has signed a Memorandum of Understanding (MOU) in the aeronautics sector with the Moroccan government. This partnership is part of the implementation of the Joint Declaration between Morocco and Israel, aiming to promote bilateral economic cooperation in investment and technology. The MOU involves the Ministry of Industry and Trade and the Ministry Delegate to the Head of Government in Morocco, and Israel Aerospace Industries (IAI) represented by its Chairman of the Board of Directors and President and CEO.
Partners
growth-positive
Israel Aerospace signs UAE unmanned vessels deal
Israel Aerospace Industries (IAI) and UAE advanced technology defense company EDGE have signed a memorandum of understanding (MoU) to jointly design unmanned surface vessels (USV) for military and commercial applications. The collaboration will involve IAI developing the autonomous control system and integrating various mission-payloads, while EDGE unit ADSB will design the platform and develop the concept of operations. The USV will operate remotely, semi-autonomously, or autonomously, requiring no human intervention. The partnership aims to strengthen EDGEs advanced technology portfolio and open doors in local and global markets. The MoU signifies a joint effort between the two companies, maximizing business opportunities and growth.
Partners
growth-positive
IAI launches Rex Mk II autonomous combat vehicle
Israel Aerospace Industries (IAI) has launched the Rex Mk II, an autonomous land vehicle designed to assist ground forces in various operations and reduce risk to combat soldiers lives. The vehicle is currently undergoing trials with the British Army and is capable of traversing difficult terrain, carrying a 1.3 tonne load, and performing tasks such as intelligence gathering, logistical support, and remote attack. Equipped with movement-detecting radar systems and smart cameras, the Rex Mk II can be controlled by a single operator or operate autonomously. IAIs land products concept aims to help ground forces carry out operations with minimal risk. The Rex Mk II will be showcased at the Defence and Security International event in London. The vehicle is a collaboration between IAI and all-terrain vehicle company Tomcar.
Customers
growth-negative
Israel Aerospace IPO postponed until 2022
The IPO of Israel Aerospace Industries (IAI) on the Tel Aviv Stock Exchange is not expected to take place this year due to delays and regulatory complexities. The offering requires various regulatory approvals, including security sensitivities. The IPO is planned to be one of the largest-ever offerings on the TASE, with 25% of the government-owned defense company sold for NIS 3 billion. The IPO will only be open to Israeli investors, and overseas underwriters and investors will not be eligible to participate. The four underwriters chosen to support the IPO are Discount Capital, Poalim IBI, Leader Capital Markets, and Barack capital.
Public Trading
growth-positive
Indian military inaugurates use of IAI's missile defense system
The Indian Armed Forces has integrated and operationalized the Barak 8 MRSAM Air & Missile Defense System developed by Israel Aerospace Industries (IAI). The system, jointly developed by IAI and DRDO, provides protection against various aerial platforms and includes an advanced phased array radar, command and control shelter, mobile launchers, and interceptors with an advanced RF seeker. The system was inaugurated at a ceremony held at Air Force Station Jaisalmer India. The induction comes after successful extended tests of the system earlier this year.
Partners
growth-positive
Underwriters selected to lead Israel Aerospace IPO
Israel Aerospace Industries Ltd. (IAI) is planning an initial public offering (IPO) on the Tel Aviv Stock Exchange (TASE) to raise $1 billion at a company valuation of $4 billion. The IPO will be one of the biggest ever on the TASE. Four underwriters, including Discount Capital, Poalim-IBI, Leader Capital Markets, and Barak Capital, have been selected to lead the flotation. The offering has received all the required approvals from the government, but the IPO will not move forward until a new government is formed. IAI, a fully government-owned company, operates in the aviation, defense electronics, military aircraft, and missile systems and space sectors. In the first quarter of 2021, IAI reported revenue of $1 billion and net profit of NIS 41 million, up 24% from the corresponding quarter of 2020.
Public Trading
growth-positive
Israel Aerospace signs $200m UAV services Asian deal
Israel Aerospace Industries (IAI) has signed a $200 million contract to provide unmanned aerial systems (UAS) services to an Asian country for IAIs Heron UAV. This is the fourth major UAS transaction completed by IAI this year. The Heron family of UAVs is used by over 20 customers worldwide for operational missions. The Heron UAS supports ground and maritime missions and can be controlled remotely from sea frigates or the seashore. It features long runner operational flexibility and automated remote takeoff, landing, and control. The deal is a testament to the customers satisfaction with the Heron UAVs and their performance in intelligence collection missions.
Customers
growth-negative
Israel Aerospace IPO stalls over classified reporting
The Initial Public Offering of Israel Aerospace Industries Ltd. (IAI) on the Tel Aviv Stock Exchange has stalled due to foot dragging by the Ministry of Justice on the issue of confidentiality and an exemption on the obligation to report on classified activities. The offering, which would bring in $1 billion in share sales to the states coffers, is delayed as the completion of IAIs draft prospectus has been prevented. The underwriter for the offering has not been chosen yet, but it is expected to be completed in the coming weeks. The IPO has generated significant public interest and may be open to international investors.
Public Trading
growth-positive
Israel, Korea team on unmanned loitering munitions systems
Israel Aerospace Industries (IAI) and Korea Aerospace Industries (KAI) have signed a Memorandum of Understandings (MOU) for collaboration to provide the South Korea army with unmanned loitering munitions systems. The partnership aims to adapt and market the loitering munitions to meet the requirements of the Republic of Korea Army. The collaboration between IAI and KAI strengthens the defense power of South Korea and opens opportunities for future exports. The article was published on March 4, 2021.
Partners
growth-positive
IAI and Matrix collaborate on AI development center focused on Automated Target Detection in battlefields
Israel Aerospace Industries (IAI) has signed an agreement with Matrix, an AI and machine learning application service, to open a joint AI excellence center. The collaboration aims to develop AI, machine learning, and Big Data solutions for integration into IAIs satellite, space, defense, and attack systems. The partnership will enhance IAIs existing AI capabilities and make their systems more robust on the future battlefield. IAI is one of Israels largest tech employers and specializes in aerospace and defense technologies. Matrix Defense, with over 30 years of experience, will bring its expertise in engineering, system development, cyber, and deep learning defense to the collaboration.
Partners
growth-positive
Israel Aerospace unveils wide-area surveillance system
Israel Aerospace Industries Ltd. (IAI) has unveiled WASP, a new generation surveillance system that provides a wide-area high-resolution situational awareness picture of moving targets day and night. The systems EO and IR sensors, AI algorithms, and adaptive rule engines capture large areas in high revisit rate, to track, identify, and alert the system operator of moving targets. WASP can be mounted on a range of platforms to provide strong intelligence capabilities already on the tactical level.
Expand
growth-positive
IAI signs two deals supplying Heron MK II UAV Systems to undisclosed Asian country
Israel Aerospace Industries (IAI) has signed two deals with an unnamed Asian country regarding its Heron MK II UAV systems, valued at tens of millions of dollars. One system will be sold, and another will be leased. The deals include reconnaissance payloads, Heron MK II drones, and land arrays. IAI expects these deals to open the door to additional Heron MK II deals. The Heron MK II is a member of the Heron family and offers improved capabilities such as a wider and stronger chassis, longer range sensors, and the ability to gather intelligence on targets from a long distance without crossing borders. IAI is one of Israels largest technology employers with over 15,000 employees.
Acquisition
growth-positive
Slovakia to buy Israel Aerospace radar systems for €150m
Israel Aerospace Industries (IAI) will deliver 17 radar systems to the Slovak Ministry of Defense in a €150 million agreement. The deal includes the transfer of technology and knowledge from Israel to Slovakia, as well as industrial cooperation. The radar systems will be interoperable with NATO defense mechanisms. IAIs MMR Radar, manufactured by its subsidiary ELTA systems, is combat proven and has extensive operational experience. The radar detects and classifies airborne threats, calculates their threat level, and provides essential data for neutralizing multiple threats simultaneously. The Slovakian Air Force will use the radar system to confront a wide range of aerial threats. The agreement strengthens defense relations between Israel and Slovakia and reflects the excellent capabilities of Israels defense industry.
PartnersCustomers
growth-positive
IAI wins contracts to upgrade South Korean Air Force jets
Israel Aerospace Industries Aviation Group has won three avionic upgrade contracts for the South Korean Air Force worth approximately $50 million. The company is relocating its wings assembly line for the G280 executive jet to South Korea in an effort to strengthen ties with the country. The contracts reflect the Korean Defense Ministers confidence in IAIs Aviation Group, and the company aims to expand its operations in South Korea as both a supplier and a client.
PartnersExpand
growth-positive
Israel Aerospace Industries and Bahrain's Gulf Air to enter a line maintenance agreement
Israel Aerospace Industries (IAI) has entered a Line Maintenance agreement with Bahrain’s airline, Gulf Air. Under the contract, IAI’s Aviation Group will provide technical response to all of Gulf Air’s airplanes that are planned to land at Israel’s Ben Gurion Airport. This includes post and pre-flight services, daily maintenance, and support for any technical issues that may arise. The agreement is seen as a historic breakthrough for providing line maintenance services to the gulf states and is expected to open up new business opportunities in the world of aviation.
Partners
growth-positive
Israel Aerospace Industries privatization set to go ahead in first half of 2021
The Israel Aerospace Industries (IAI) is set to undergo privatization through an IPO in the first half of 2021. The shares of the publicly-owned company will be issued at a planned valuation of NIS 12 billion ($4.8 billion), with only 25% likely to be initially offered. The Israeli government will remain the majority shareholder. The privatization process was delayed due to disagreements between the Ministry of Defense and the Ministry of Digital Affairs and the Government Companies Authority. The IAI reported its highest net profit ever recorded in the first nine months of the fiscal year, with a 37% growth and sales exceeding $3 billion. The growth in the Military Groups offset the effects of COVID-19 on the Aviation Groups operations.
Public Trading
growth-positive
IAI names Boaz Levy CEO
Boaz Levy has been appointed as the CEO of Israel Aerospace Industries (IAI). Levy, who has been with the company since 1989, previously served as the general manager and executive VP of the Systems, Missiles & Space Group. His appointment is subject to approval from Minister of Defense Benny Gantz and Minister for Cyber and National Digital Matters David Amsalem. Levys leadership of the Systems, Missiles & Space Group has made it the companys most profitable division. The announcement was made on November 17, 2020.
Management Changes
growth-positive
https://www.israeldefense.co.il/en/node/45850
Israel Aerospace Industries (IAI) participated in a session at the DLD Live Tel Aviv conference to explore opportunities for cooperation with startups. The session aimed to promote innovation and find potential partnerships or investment opportunities. Several startups from various industries showcased their solutions to senior executives from IAI. The company also operates an innovation center to foster new ideas among its employees and holds meetings with external startups to accelerate innovation. IAI plans to select startups from the session to collaborate on developing products and joint technologies.
PartnersInvestment
growth-positive
Israel Aerospace Industries opening cyber academy in Bosnia
Israel Aerospace Industries (IAI) has announced a collaboration agreement with the Bosnian Ministry of Education and Science to open a cyber academy in Bosnia and Herzegovina. The academy will provide remote online training on IAIs cyber simulator and trainer, TAME Range. The cyber experts from IAIs ELTA Group and IAIs Singapore subsidiary, Custodio Technologies, will be involved in providing the training. The academy aims to enhance the countrys cyber capabilities through international collaborations and the use of new technologies. The collaboration is part of Bosnia-Herzegovinas vision to increase its cyber capabilities.
PartnersCustomers
growth-positive
IAI privatization overcomes major hurdle
Israel Aerospace Industries (IAI) is moving forward with its privatization plan. The ministerial privatization committee is set to approve the plan for an equity offering by IAI. The first stage of the offering will begin after the committees approval, with negotiations between the state, IAIs management, and employees. The aim is to achieve a signed labor agreement within three months. The state plans to offer 25% of IAIs shares to the public at a company valuation of NIS 12 billion. The offering will be managed by the Government Companies Authority. The privatization process overcomes obstacles related to excess salary payments and security concerns. IAI provides products and services in aviation and space to the military and civilian markets, with 74% of its sales being exports.
Public TradingInvestment
growth-positive
IAI buys 50% of tactical drone co BlueBird
Israel Aerospace Industries (IAI) has announced its acquisition of 50% of the equity of BlueBird Aero Systems, a leading UAS developer and integrator in the small tactical arena. The financial details of the deal were not disclosed, but it is estimated to be close to NIS 100 million. IAI plans to bring innovative VTOL technologies to market through this acquisition and sees significant potential in the small tactical UAS market. The acquisition will enable IAI to grow its operations and revenues, accelerate technological developments, and improve competitiveness. BlueBird Aero Systems will continue to be led by CEO Ronen Nadir, who will hold the remaining 50% of the companys equity.
Acquisition
growth-positive
Israel Aerospace Industries and Bis launch Auto-mate, a new mining automation business
Israel Aerospace Industries (IAI) and Bis have announced a new joint partnership called Auto-mate, set to provide autonomous systems for mining operations. The partnership combines Bis operational talent in the mining sector with IAIs autonomous technologies. The joint venture aims to make a significant impact on the mining and automation sector, enhancing safety and efficiency outcomes for customers. Auto-mate will be headed by CEO Daniel Poller and will operate from Perth, Australia. IAI is an aerospace and defense company, while Bis is a resource logistics company. The partnership will enable the mining industry to access the benefits of autonomous vehicles and collect valuable data during operations.
PartnersExpand
growth-positive
https://www.jpost.com/israel-news/israel-aerospace-industries-unveils-multi-flyer-fleet-641484
Israel Aerospace Industries unveiled a fleet of innovative, remote-controlled, tiny helicopters called multi-flyers. These helicopters are designed to serve as eyes on the ground for civic authorities and to deliver objects and information. They can be used during emergencies like earthquakes to send images to rescue teams, guide survivors to medical help, and deliver supplies. Each helicopter can carry up to 2 kg of cargo and can be controlled by multiple people using a smartphone. Israel Aerospace Industries collaborated with several leading Israeli companies for this project. The unveiling took place during the ninth international panel on unmanned systems organized by the Israeli chapter of the Association for Unmanned Vehicle Systems International.
PartnersExpand
growth-negative
IAI, workers sign voluntary early retirement agreement
Israel Aerospace Industries Ltd. (IAI) and its workers committee have signed a voluntary early retirement agreement. The agreement supersedes the decision to lay off 900 employees in the Aviation Group. The workers committee has promised to maintain industrial peace. The specific number of employees to leave voluntarily will be negotiated in the coming weeks.
Layoffs
growth-positive
Israel's IAI signs collaboration agreement with UAE's Group 42 to jointly battle Covid-19
Israel Aerospace Industries has signed a cooperation agreement with Group 42 of Abu Dhabi to collaborate in research and development to combat the coronavirus pandemic. The agreement was signed via video call and focuses on leveraging common innovative technologies in various fields. The joint initiatives aim to benefit the populations of both countries and aid in the global fight against Covid-19. The agreement was signed with the Elta Division of Israel Aerospace Industries, a world leader in defense technology. The collaboration between the two companies from countries without diplomatic relations is seen as a breakthrough in cooperation and may lead to future collaborations.
Partners
growth-positive
IAI adds Iron Drone intercepting drones to Drone Guard
Israel Aerospace Industries (IAI) has announced a collaboration agreement with Iron Drone to integrate interception capabilities into IAIs advanced anti-drone system, Drone Guard. The intercepting drone can be launched day or night from a docking station. IAIs ELTA Systems has already sold over 100 units of the Drone Guard system, which detects, identifies, and disrupts malicious drones. The collaboration with Iron Drone is part of IAIs strategy to leverage innovative technologies to improve performance. The integration of interception capabilities in Drone Guard provides a specialized solution for a broad range of threats. The collaboration is seen as a significant milestone for Iron Drone.
PartnersCustomers
growth-positive
IAI to acquire drone manufacturer Bluebird
Israel Aerospace Industries (IAI) is in advanced negotiations to acquire Bluebird Aero Systems Ltd. at a valuation of NIS 100 million ($29 million). Bluebird specializes in making small unmanned aerial vehicles, including a model that can take off and land vertically. The acquisition will help IAI compete with its rivals in the drone market. Bluebirds prominent customers include the Indian military and the Israel Defense Forces. The company has also sold its aircraft to European countries for various purposes. The acquisition aligns with a recommendation to merge large and small defense companies to enhance competitiveness in the industry.
Acquisition
growth-positive
IAI signs $350 million Special Mission Aircraft related deal with major European country
Israel Aerospace Industries has signed a $350 million contract with an undisclosed European country for its Special Mission Aircraft services. The company has already delivered these aircraft to the Israel Defense Forces and other countries worldwide. The Special Mission Aircraft includes advanced sensor miniaturization technology, artificial intelligence, and machine learning software applications. IAIs ELTA Systems is responsible for the conversion process, offering various Mission Aircraft for intelligence, surveillance, target acquisition, and reconnaissance capabilities.
PartnersCustomers
growth-positive
Israel Aerospace Industries develops model to predict the medical progression of Covid-19 patients
Israel Aerospace Industries (IAI) has developed a predictive model using AI and big data to predict the progression of the medical status of COVID-19 patients. The model can alert medical staff to possible deterioration in a patients condition, improving patient care and identifying cases with a higher chance of medical escalation. The technology was developed by researchers and engineers at IAIs Innovation Center and utilized data from the Sheba Medical Center cloud database. IAI, Israels largest aerospace and defense company, has been actively involved in the fight against COVID-19, including converting a factory into a ventilator-producing manufacturing line.
Customers
growth-positive
Israel Aerospace Industries Showcases Ballistic Strike Missile
Israel Aerospace Industries (IAI) has completed a dual operational firing trial with its Long-Range Artillery Weapon System (LORA), a precise ballistic strike missile. The trial, conducted in the open sea under Covid-19 restrictions, aimed to demonstrate the capabilities of the advanced system to potential customers, including a foreign country interested in purchasing the system. The trial involved the launch of two long-range LORA missiles to a pre-defined hit point at sea, with one scenario testing a short-range launch to 90 kilometers and the other testing a long-range launch to 400 kilometers. Both the weapon system and the missile successfully met all trial objectives. LORA, developed by IAIs MALAM division, is a sea-to-ground and ground-to-ground system that includes a long-range ballistic missile, a launcher, a command and control system, and a ground/marine support system.
Customers
growth-positive
Israel Aerospace Industries and Brook Aviation to Help VIPs Rise Above the Traffic
Israel Aerospace Industries Ltd. (IAI) and Brook Aviation have signed a memorandum of understanding (MoU) for collaboration in helicopter flights for VIPs. Brook will provide and fly the helicopters while IAI will be responsible for maintenance. The collaboration aims to offer high-quality helicopter flights in Israel, catering to high-profile passengers and providing quick transportation options during the coronavirus pandemic. The partnership will compete against other private helicopter companies in Israel. The agreement is part of Brook Aviations establishment of helicopter flight infrastructure in Israel and is expected to bring added value to the Israeli market.
PartnersExpand
growth-positive
IAI to Develop and Build Israeli National Communication Satellite
Israel Aerospace Industries Ltd. (IAI) has announced that it will develop and build Israels national communication satellite, Dror 1. The satellite is expected to fulfill the countrys communication needs for the next 15 years. The deal is estimated to be worth between $190 million and $200 million. Dror 1 will be built by IAIs systems missiles & space group, using technology developed in Israel. This agreement implements a government decision made in September 2018 to promote a long-term strategy for Israeli satellite communications. The last satellite built by IAI, AMOS-6, exploded in 2016, causing financial trouble for the company.
Investment
growth-positive
IAI Opens Innovation Center With Starburst Accelerator
Israel Aerospace Industries (IAI) has opened an innovation center in Tel Aviv in collaboration with Starburst Ventures. The center will act as an accelerator for local startups, with a focus on pre-seed startups in the fields of radar, robotics, and autonomous driving technologies. IAI is Israels largest aerospace and defense company, while Starburst is an aerospace and aviation incubator that supports startups in the aeronautics, defense, and space markets.
Partners
growth-positive
Israeli Defense Contractor IAI to Open a Dedicated Facility for Ground Warfare in Beer Sheva
Israel Aerospace Industries Ltd. (IAI) is establishing a new manufacturing facility in Beer Sheva, Israel dedicated to ground warfare technologies. The company will pivot its existing facility to focus on manufacturing autonomous robotic systems, terrestrial radar systems, and other advanced ground warfare technologies. IAI plans to invest tens of millions of shekels to build the necessary infrastructure and research and development facilities. This move is expected to have a positive impact on the companys growth. IAI is Israels largest aerospace and defense company, specializing in defense systems for air, space, sea, land, cyber, and homeland security.
Expand
growth-negative
Israeli Defense Contractor IAI to Lay Off Hundreds of Employees
Israel Aerospace Industries Ltd. (IAI) is planning to lay off several hundred employees as part of its negotiations for a new strategic growth agreement. The existing agreement, which expires in August, resulted in the termination of 830 employees and pay cuts of 4%. Without a new growth agreement, the companys situation may worsen. IAI ended 2018 with losses of $47 million and had a negative cash flow of $91 million in the first quarter of 2019. The company is also undergoing a reorganization process that has already led to the layoff of 200 employees. The workers union is expected to fight for the rights of the employees.
Layoffs
growth-positive
IAI teams with Brazil's Santos on precision agriculture drones
Israel Aerospace Industries (IAI) has signed an agreement with Brazilian company Santos Lab to use drones and advanced analytics for precision agricultural applications. IAI will provide the UAV systems and analyze the collected data, while Santos Lab will operate the BirdEye 650D UAV. The agreement is expected to generate hundreds of millions of dollars in the coming decade. The BirdEye 650D UAV will monitor crops such as soy and sugar cane, as well as commercial forestry, and provide accurate analysis of the crops and soil condition. The data will be available for customers through a dedicated cloud solution. The service is expected to become operational at the end of 2019.
PartnersCustomers
growth-positive
German lawmakers approve €1 billion drone lease from Israel
Germanys parliamentary budget committee has approved a military lease of Israeli-made Heron-TP drones in a deal worth an estimated €1 billion ($1.2 billion). The deal had faced opposition from the center-left Social Democrats due to concerns about arming the drones. However, the approval of the deal is seen as a significant contribution to the Israeli defense industry and economy. The deal demonstrates the strategic cooperation between Germany and Israel and highlights the potential of the Israeli industry to contribute to other countries. The drones will be leased until European-built models are ready for operation in 2025.
PartnersInvestment
growth-positive
Israel Aerospace Industries Unveils 3D, 360-Degree On-The-Move Surveillance
Israel Aerospace Industries (IAI) has unveiled the ELM-2138M Air Defense (AD) radar at the Eurosatory exhibition. The radar is expected to have a positive impact on the companys growth. The ELM-2138M AD radar features four full AESA staring panels for 360 degrees azimuth coverage and on-the-move surveillance capabilities. It can be used for tactical air-defense and force protection roles, as well as Rocket, Artillery, and Mortar (RAM) detection. The first contract for 5 ELM-2138M AD radars has been signed with a European customer, and the radar systems will be integrated into the joint airspace surveillance system by the end of 2019.
CustomersPartners
growth-positive
https://www.jpost.com/Israel-News/The-Rampage-Supersonic-missile-developed-to-destroy-high-quality-targets-559785
Israel Aerospace Industries (IAI) and Israel Military Industry Systems (IMI) have developed a new supersonic air-to-surface missile called The Rampage. The missile is designed for precision targeting of high-quality targets and can be fitted to Israel Air Forces fighter jets. It is capable of hitting targets within standoff ranges without threatening the launching platform. The missile features a GPS system for all-weather and day/night operations. It is guided towards predefined coordinates and has the ability to penetrate any defended target. The Rampage is particularly effective against communication and command centers, air force bases, maintenance centers, and valuable field targets. The missile has already found a buyer, although their identity has not been disclosed. The development of the Rampage comes amid tensions between Israel and Iran.
Customers
growth-positive
IAI develops ground-to-air robot system for border surveillance
Israel Aerospace Industries (IAI) has developed a new hybrid robotic system for reconnaissance and surveillance of borders that combines land and aerial capabilities. The system allows continuous operation under complex and challenging conditions, without risking lives. IAI also unveiled a new air defense radar with 360-degree coverage. The company has already signed a contract for the sale of five radars with a European customer.
Partners
growth-positive
http://www.aviationpros.com/press_release/12418000/israel-aerospace-industries-announces-new-ceo
Israel Aerospace Industries (IAI) has appointed Major-General (Res.) Nimrod Sheffer as its new CEO. Sheffer, who joined IAI recently, comes from a military background and has experience in strategic planning and resource management. The appointment is pending approval from the State Companies Authority and the Defense and Finance ministers. The chairman of IAI, Harel Locker, expressed confidence in Sheffers ability to address the challenges faced by the company, including developing a valid strategy for the changing technological and defense reality, creating new products, and entering new markets. He also thanked the outgoing CEO, Yossi Weiss, for his contributions to the company.
Management Changes
growth-positive
Israel Aerospace Industries Appoints Former US Air Force Lt. Colonel as New CEO for North America
Israel Aerospace Industries has appointed Swami Iyer as the CEO of its US subsidiary, IAI North America. Iyer will be responsible for all IAI operations in North America. This appointment is expected to have a growth-positive impact on the company. The key theme of the article is the management change at IAI North America. The article discusses Swami Iyers experience in aerospace, defense, and cybersecurity. The structured issue is the management change. The article does not mention any specific partners, customers, valuation amount, acquisition amount, investment amount, layoffs, or the date of the event. The confidence level of the answer is 8.
Management Changes
Israel Aerospace Industries Pursues New U.S. Strategy
growth-positive
http://www.bloomberg.com/news/articles/2016-09-04/israel-says-aerospace-industries-plans-800-million-ipo-in-2017
Israel Aerospace Industries Ltd. plans to raise up to $800 million in an initial public offering next year. The company, worth about $3.2 billion, intends to sell between 20 percent and 25 percent of its shares on the Tel Aviv Stock Exchange.
Public Trading
growth-positive
Israel Aerospace begins producing F-35 C4 systems
Israel Aerospace Industries (IAI) is beginning production of the Command, Control, Communications and Computing (C4) systems developed for the Adir - F-35I, Israels variant of the F-35. The system, developed exclusively for the F-35I by IAIs LAHAV Division, will provide advanced capabilities to the Israel Air Force (IAF) combat fleet. It will enable the IAF to better manage and rapidly field networked applications, improving over legacy systems currently in use. The integration of IAIs C4 systems in the F-35I avionics program represents a major milestone in introducing advanced, indigenous capabilities to the multinational F-35 program. The production of these systems signifies growth-positive impact for IAI.
Expand
growth-positive
Israel Aerospace forms Chinese joint venture
Israel Aerospace Industries Ltd. (IAI) has formed a joint venture with Chinese state-owned aircraft maintenance enterprise Lingyun (Yichang) Science and Technology Group Co. Ltd. This joint venture in Hubei Province will be IAIs first local Chinese maintenance, repair and overhaul (MRO) enterprise. The joint venture will expand civil maintenance services and cargo conversion, and lay the groundwork for additional business.
Partners
growth-positive
IAI signs Chinese civil aviation agreement
Israel Aerospace Industries has signed a strategic framework agreement to cooperate with the Shantou Municipal Government of China, the Guangdong Airport Authority, and other Chinese partners. The agreement aims to develop and expand the local civil aviation industry as a lever of economic growth in the municipality. IAI will evaluate and provide recommendations on various initiatives related to parts production, aero-assembly lines facility, aviation technical education, and more. The cooperation agreement is part of IAIs strategy to locate additional civil aviation growth drivers worldwide, particularly in China. The company expects these initiatives to open new business opportunities for them and their Chinese partners.
PartnersExpand
growth-positive
Ronaldo buys Israel Aerospace Gulfstream jet
Real Madrid star Cristiano Ronaldo has reportedly purchased a second-hand Gulfstream G200 business jet from Israel Aerospace Industries Ltd. (IAI) for $20.5 million. The private jet, which can hold up to 10 passengers, two pilots, and includes a kitchen and two bathrooms, was used by Ronaldo to fly from Madrid to London for the premiere of his film documentary. The G200 was developed and designed by IAI and debuted in 1997, but was later renamed the Gulfstream following a collaboration agreement with US company Gulfstream.
Customers
growth-positive
Israel Aerospace Industries unveils lightweight satellite
Israel Aerospace Industries (IAI) has unveiled the development program of the new AMOS E communications satellite, which is powered by an electrical propulsion system. The satellite weighs only 1.5-2 tons, less than half the weight of a regular communications satellite, and is designed to operate for 15 years. The development of AMOS E has been completed, but the launch date has not yet been set. IAI stated that the electrical propulsion system has allowed for cost savings and has attracted major interest among potential customers.
Customers
Israel Aerospace Industries Team
Employee Info
| Employees (range) | 500+ |
| Exact count | 4689 |
| Team members | 5 |
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Israel Aerospace Industries Internal
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Admin Info
| Confidence | 92/100 |
| Missing | funding rounds, markets, not claimed |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 520027194 |
| Crunchbase | Israel-Aerospace-Industries |
| Phone | +97239353111 |
| Last updater | Ayelet Levi Shinebox |
| Updater email | ayeletlevis@sncentral.org |
| Last update | 2024-02-22T00:00:00.000Z |
| Created | 2014-11-04T00:00:00.000Z |