Defense
Israel Aerospace Industries logo

Israel Aerospace Industries

$IAI

🇮🇱

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.

Key Milestones

Apr 1953
Launch

Founded as Bedek Aviation by Al Schwimmer with Israeli government backing; aircraft maintenance start initially refurbishing WWII surplus; renamed Israel Aircraft Industries 1967

Dec 1968
Product

Nesher fighter project begins after France embargoes Mirage 5; reverse-engineered into Kfir; foundation of indigenous Israeli combat aircraft capability

Jun 2010
Commercial

Heron TP medium-altitude long-endurance UAS enters IAF service; later exports to Germany (lease), India, Singapore — IAI's flagship MALE platform

Jan 2017
Commercial

Arrow 3 exo-atmospheric ABM enters IAF service; jointly developed with Boeing; designed for ICBM-class threats — top tier of Israel's Hetz/Arrow ABM architecture

Jul 2020
Milestone

Ofek 16 EO reconnaissance satellite launched on Shavit-2; indigenous space ISR capability extended; sub-meter resolution surveillance over MENA region

Sep 2022
Expansion

Germany announces intent to procure Arrow 3; €4B contract for European deployment; first major Israeli ABM export to Europe

Aug 2023
Regulatory

US grants ITAR approval for Arrow 3 export to Germany (Boeing co-developed); first major non-US ICBM-class ABM transfer to NATO

Sep 2023
Expansion

Germany Arrow 3 contract signed €3.99B for 4 fire units; deployment by 2025; integrated into NATO Sky Shield architecture

Oct 2023
Milestone

Hamas attack triggers surge orders: Barak 8/MX air defense, ELTA radars, Heron deployments accelerate; combat losses of UAS replenished at scale

Apr 2024
Commercial

Arrow 3 intercepts Houthi ballistic missile fired toward Eilat; first known operational ICBM-class intercept by Arrow 3; significant validation event

Oct 2024
Milestone

Iron Beam high-energy laser system enters operational evaluation; ~$2/shot directed-energy short-range air defense — paradigm shift

Mar 2025
Milestone

Backlog hits record $25B; air defense + radars + UAS demand sustained post-conflict — Heron, Harop loitering munition, Barak 8 surge orders

Sep 2025
Commercial

Germany first Arrow 3 fire unit operational at Holzdorf Air Base; IAI delivers ahead of schedule; integrated NATO IAMD architecture

Dec 2025
Milestone

Backlog reaches $26.5B record; Hamas/Houthi/Iran conflicts sustained surge demand for Barak, Heron, ELTA, Arrow systems

Ask Sterling

Register for a premium account to gain access to Sterling AI.

Get Started

Things you can ask Sterling:

Summarize Tesla's latest earnings reportWhy did NVIDIA's margins expand?Compare Apple vs Microsoft's cash flowWhat's driving the EV sector growth?
Defense - Israel Aerospace Industries | Sterling