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Israel Aerospace IndustriesState-owned defense + aerospace prime; Arrow ABM, Heron UAS, ELTA radars
FY2025 Revenue
$7.38B
+21% YoY from $6.1B FY2024
FY2025 Net Income
$712M
+45% YoY
Order Backlog
$29B
Up from $25B end-2024
Employees
~16,000
100% Israeli government (pre-IPO)
Export Share
~66%
$4.88B of $7.38B FY2025 sales
Total raised: State-owned (Government of Israel); IPO targeted Q2 2026 (25-30% float, ~$20B implied valuation)
| Round | Date | Amount | Valuation | Key Investors |
|---|
| System | Type | Status |
|---|---|---|
| Arrow 3 | Exo-atmospheric ABM (with Boeing) | Operational (IDF, GAF) |
| Arrow 4 | Next-gen exo / hypersonic ABM | Live trials 2026 |
| Heron / Heron MK II | MALE UAS | Production (15+ countries; IAF new MK II squadron 2025) |
| Searcher / Bird-Eye | Tactical UAS | Production |
| Barak 8 / Barak MX | Air defense (with Rafael) | Production (India, Israel, Azerbaijan) |
| ELTA Radars | Air, ground, naval radar systems | Production |
| Ofek 13/16 | Imagery reconnaissance satellite | Operational |
| LORA | Short-range ballistic missile | Production (Azerbaijan, Greece) |
Arrow 3 / Arrow 4 co-production for the US/Israel ABM program
~€4B Arrow 3 Sep 2023, expanded toward $6.5B; Arrow 4 in negotiation
Barak MX air defense, Heron MK II UAS
Barak 8 + Iron Dome co-development
Arrow program co-funding; potential Golden Dome contributions
Origin of IAI as government aviation maintenance authority under Shimon Peres
Expansion into design and manufacture
Indigenous Mirage 5 derivative for IAF and exports
First Israeli imagery reconnaissance satellite launched
Reflects broader portfolio beyond aviation
Joint US/Israeli exo-atmospheric ABM operational
Largest single export contract in Israeli defense history
Arrow 2/3 + David's Sling intercept Iranian ballistic + cruise missiles; ~99% intercept rate
Multi-layer defense (Arrow 3, Arrow 2, David's Sling, Iron Dome, C-Dome) employed
First international partner for next-gen exo-atmospheric / hypersonic interceptor
Arrow systems sustain large-scale Iranian missile defense
Holzdorf Air Base receives first batteries; full deal grows to ~$6.5B with expansion
Israeli government to float 25-30% at ~$20B implied valuation
State-owned. $5.2B FY2024 revenue. Heron + Searcher UAS, Arrow 3 ABM (with Boeing), Barak air defense, ELTA radars, Ofek imagery satellites, LORA SRBM. Heavy export volume: Germany Arrow 3 €4B (2023), various Heron deals. Combat-tested portfolio post-Oct 2023. Israel Aerospace Industries was founded in 1953, is headquartered in Lod, Israel and employs ~16,000.
Israel Aerospace Industries has raised State-owned (Government of Israel); IPO targeted Q2 2026 (25-30% float, ~$20B implied valuation) in total, based on the funding rounds Sterling tracks.
Sterling groups Israel Aerospace Industries in the Defense sector, alongside Lockheed Martin (LMT), RTX Corporation (RTX), Northrop Grumman (NOC), General Dynamics (GD), Boeing Defense (BA) and BAE Systems (BAESF).
If you are researching Israel Aerospace Industries, also look at Lockheed Martin (LMT), RTX Corporation (RTX) and Northrop Grumman (NOC). You can compare all of them side by side or browse the full Defense sector on Sterling.
