Israel Aerospace Industries

The board named Guy Barlev chief executive on 21 July 2026. The release states the appointment requires approval from the Appointments Committee, the Israeli Minister of Defense and the Minister for Regional Development. Barlev joined IAI in 2016 and served about six years as Executive Vice President and General Manager of the Systems, Missiles and Space Group. Boaz Levy, chief executive until May 2026, is now chairman of the board. The clearest available demonstration that IAI's management is appointed through the Israeli government rather than by shareholders.

Berlin's Governing Mayor Kai Wegner signed a memorandum with IAI to establish an aerospace and defence innovation centre in the city and to 'further increase the company's industrial presence in Berlin, including the development of local production capacities and the creation of highly skilled jobs'. No value disclosed. The release records that IAI already supplies Germany with Arrow 3 interceptors, Heron TP drones and BlueWhale autonomous submarines.

IAI exhibited the Arrow 3 anti-ballistic system, Barak MX, the Mini Harpy loitering munition, tactical UAV solutions, observation and communications satellites and the BlueWhale autonomous underwater vehicle at ILA Berlin, 10 to 14 June 2026. The release records Arrow 3 as acquired by Germany in 2023 and delivered in 2024, the German Heron TP (GHTP) in service, and BlueWhale 'recently delivered to the German Navy'. Chairman Boaz Levy: 'Germany continues to be our closest partners in Europe.'

The company's own reporting. First-quarter 2026 revenue of USD 2.086 billion against USD 1.610 billion a year earlier, up 30%; net income USD 220 million, up 34%; operating income USD 239 million, up 45%; gross profit USD 374 million. Order backlog USD 32.8 billion against USD 28.7 billion at the end of 2025. Export sales USD 1.348 billion, 65% of the total, with the domestic market at USD 738 million, 35%. Military groups USD 1.825 billion, up 31%; Aviation Group USD 415 million, up 12%. Chairman Boaz Levy: 'We are proud to open the first quarter of 2026 with exceptional business results, reflecting the unique trust placed in IAI by our allies and customers in Israel and around the world.'

Germany signed a second Arrow 3 contract worth USD 3.1 billion, covering increased production rates of interceptors and launchers, taking total German Arrow 3 contracts to about USD 6.6 billion. Israeli Ministry of Defense director-general Amir Baram said the deal 'will expand and accelerate Arrow production for the IDF as well'. IAI chief executive Boaz Levy: 'This strategic partnership will provide all of Europe with the most advanced air defense capability in the world.'

IAI's own record of the handover of the Arrow 3 system to Germany, the largest defence export in Israel's history, on the day German forces activated the first elements at Holzdorf.

German forces activated the first elements of the Arrow 3 long-range ballistic missile defence system at the Schoenewalde base south of Berlin on 3 December 2025, with further sites planned. Total project cost EUR 3.8 billion. Defence Minister Boris Pistorius: 'With this strategic capability, which is unique among our European partners, we are securing our central role at the heart of Europe.'

Israel Aerospace Industries is among the 104 businesses screened. DBIO V identifies 1,115 European financial institutions with relationships to those businesses, USD 310 billion in loans and underwriting between January 2023 and August 2025, and USD 1,503 billion in shares and bonds held at 31 August 2025. Research by Profundo; foreword by Francesca Albanese.

Revenue of USD 5,137 million for the first nine months of 2025, up 17% year on year; net income USD 484 million, up 16%, described by the company as the most profitable nine-month period in its history; gross profit USD 954 million, 19% of sales; order backlog USD 26.5 billion; liquid assets USD 3.9 billion.

Names fifteen companies, IAI among them. Amnesty describes IAI, Elbit Systems and Rafael as 'the three largest Israeli arms companies', which 'supply military and security goods and services worth billions of dollars to the Israeli military annually. These include surveillance and armed drones, loitering munitions, and border security systems that Israel has continuously used in its military offensive in Gaza and across the rest of the OPT.' Amnesty calls on them to suspend all sales and deliveries into Israel of weapons and other military, security and surveillance equipment, and on states to bar them from government contracts, trade shows and research grants.

The Commission concluded that Israel has committed genocide against Palestinians in the Gaza Strip, finding that four of the five acts of genocide defined in the Genocide Convention were committed. The finding is confined to Gaza.

Names Israel Aerospace Industries among the arms and military manufacturing entities examined. The report finds that 'arms companies have turned over near record profits by equipping Israel with cutting-edge weaponry that has devastated a virtually defenceless civilian population' (para. 89), and recommends that states impose 'sanctions and a full arms embargo on Israel, including all existing agreements and dual-use items' (para. 94) and that corporate entities 'promptly cease all business activities and terminate relationships directly linked with, contributing to and causing human rights violations and international crimes against the Palestinian people' (para. 95).

Then chief executive Boaz Levy discusses record order intake and argues that a public offering is essential for the company. IAI remains wholly state-owned and unlisted, so no equity in it can be bought or sold.

Describes IAI as 'Israel's 2nd largest weapon company' which 'makes surveillance and killer drones and other weapon systems used against civilians', tagged Gaza Genocide, Settlement Industry, and Weapons and Military Equipment. Records that 'the company's MATA helicopter testing facility is located at the Atarot Airport in the occupied West Bank' and that 'the company has a factory producing seats for military and commercial aircraft in the occupied Golan Heights'. Records that on a November 2023 call with investors the IAI chief executive said Heron drones have 'played a pivotal role' in Israel's attacks on Gaza, including in strike operations. Also records Zibar tactical vehicles ordered for the Israeli military and ELTA North America's 2017 United States border wall prototypes.

Records that IAI has received EUR 640,000 in EU research funding since 7 October 2023, EUR 2.7 million under Horizon Europe overall and more than EUR 10.7 million under Horizon 2020, including EUR 1.4 million for the ResponDrone project developing drone 3D mapping technology.

The International Court of Justice found Israel's continued presence in the occupied Palestinian territory unlawful, held settlements and their associated economic activity contrary to international law, and set out obligations on states in relation to trade and dealings with settlements. The governing authority for IAI's facilities at Atarot in occupied East Jerusalem.

Documents the ResponDrone consortium, which began in May 2019 with almost EUR 8 million of EU funding, of which 'Israel Aerospace Industries also received some EUR 1.4 million'.

The Commission's own record that Israel's association agreement to Horizon Europe was signed and entered into force on 6 December 2021. The page states no restriction, suspension or condition on Israeli participation, and Israel remains listed as a country associated to Horizon Europe. IAI is therefore eligible for EU research funding.

Investigates six Israeli drone-launched missile strikes during Operation Cast Lead which killed 29 civilians, eight of them children, and finds that in all six the Israeli military struck individuals who were all found to be civilians. Identifies the two Israeli drone types then carrying Spike missiles as 'the Hermes, produced by the Israeli company Elbit Systems Ltd., and the Heron, produced by Israeli Aerospace Industries'. The report does not attribute individual strikes to a particular platform.