What Happened
Israeli Defense Giant Prepares for Massive Listing on Tel Aviv Stock Exchange
The Israeli government has approved the merger of Elta into Israel Aerospace Industries (IAI), ahead of a potential listing of the company’s IPO. The merger aims to simplify operations and improve efficiency, with all of Elta’s operations, assets, rights, and liabilities to be transferred to IAI. IAI saw a surge in 2025 sales to $7.8 billion and could be listed at a valuation of 100 billion shekels. The company is preparing for a potential listing on the Tel Aviv Stock Exchange and possibly the Nasdaq exchange in the US, as reported by The Jerusalem Post.