Israel is reportedly considering allowing its state-owned defense companies, Israel Aerospace Industries (IAI) and Rafael Advanced Defense Systems, to go public in the U.S.
According to a report by Galit Altstein of Bloomberg, Israeli officials are preparing to travel to the U.S. in July to explore potential IPO options for IAI and Rafael. The report, citing an Israeli official familiar with the matter, said that both an initial public offering and a dual listing are on the table for the companies.
This move is said to be aimed at avoiding stricter disclosure and reporting requirements in Israel. IAI and Rafael stand out as two major state-owned companies of critical importance to Israel’s defense industry.
Global companies publicly traded in the defense and aerospace sectors include giants such as BAE Systems, Boeing, GE Aerospace, General Dynamics, HII, L3Harris Technologies, Lockheed Martin, Northrop Grumman, and RTX.
