IAI Eyes TASE IPO in 2025
Israel Aerospace Industries (IAI), the country’s largest state-owned defense and aerospace manufacturer, is preparing for an initial public offering on the Tel Aviv Stock Exchange. Since taking office in 2024, Amir Baram, Director General of the Ministry of Defense, has advocated for selling up to 30% of IAI, targeting a valuation between USD 16 billion and USD 21 billion (NIS 60–80 billion). The IPO would form part of a broader push to modernize state-owned enterprises and enhance competitiveness in the defense sector.
IAI produces advanced systems ranging from missile defense and unmanned aerial vehicles to aircraft for both military and civilian use. The company reported record profits of USD 416 million and sales of USD 4.4 billion during the first nine months of 2024, with an order backlog of USD 25 billion by September’s end.
A ministerial committee approved the sale of up to 49% of IAI in 2020, but labor negotiations and market timing delayed the process. IAI is now technically ready to list and awaits final governmental consent. The offering is expected to attract significant interest from both Israeli and global investors.
Read more in Globes.
