Israel approves IAI-Elta merger ahead of potential IPO
The Israeli government has approved the merger of Elta Systems into Israel Aerospace Industries, advancing a corporate restructuring aimed at simplifying IAI’s operations ahead of a potential IPO.
Elta, an IAI subsidiary based in Ashdod and Beersheba, specializes in radar, intelligence systems, and unmanned vehicles. Following the merger, Elta’s operations, assets, rights, and liabilities will be transferred into IAI, while Elta will continue to operate as a division under its existing name.
The move comes as the Government Companies Authority examines a potential listing of IAI on the Tel Aviv Stock Exchange and Nasdaq. According to the authority’s valuations, IAI could list at a valuation of NIS 100 billion, following 2025 sales of USD 7.8 billion, net profit of USD 415 million, and an order backlog of USD 29 billion.
Read more in The Jerusalem Post.
