Ashot Ashkelon
Transmission Gearboxes for Aerospace and Defense
Company Overview
Snapshot
Founded in February 1970, Ashot Ashkelon operates with 51–200 employees, specializing in advanced systems and components for aerospace, defense, and automotive industries. The company was acquired by Elbit Systems in March 2018.
Business overview
Ashot Ashkelon develops and supplies technologically advanced systems and components for the aerospace, defense, and automotive industries. The company's core product involves manufacturing a broad range of gears and shafts for OEM jet engine producers, utilizing materials such as steel, titanium, and nickel-based superalloys. Ashot Ashkelon serves markets in Europe, the United States, and Israel, operating within the Aerospace, Defense & HLS and Industrial Technologies sectors.
Strategic signal
In October 2021, FIMI Opportunity Funds acquired a stake in Ashot Ashkelon from Elbit Systems for $88 million. This transaction signals continued investor confidence in Ashot Ashkelon's market position and technological capabilities within the defense and aerospace sectors, highlighting its strategic value even after its initial acquisition by Elbit Systems.
Log in to access full profile ›Company Intelligence Q&A
- When was Ashot Ashkelon founded?
- Ashot Ashkelon was founded in February 1970.
- Who acquired Ashot Ashkelon?
- Ashot Ashkelon was acquired by Elbit Systems in March 2018.
- What significant investment occurred in October 2021?
- In October 2021, FIMI Opportunity Funds acquired a stake in Ashot Ashkelon from Elbit Systems for $88 million.
- What is Ashot Ashkelon's primary focus?
- Ashot Ashkelon specializes in manufacturing gears and shafts for OEM jet engine producers, as well as other advanced systems and components for the aerospace, defense, and automotive industries.
- What was a notable partnership for Ashot Ashkelon in 2020?
- In October 2020, Ashot Ashkelon established a partnership with a Springfield company, marking a significant collaboration with an Israeli firm.