What Happened
Rafael And IAI Face Challenges In Potential IPO
Israel’s two state-owned defense giants, Rafael and Israel Aerospace Industries (IAI), may soon go public in a bid to capitalize on the surging global demand for defense stocks. The move, which has been considered for decades, could raise billions of dollars for the Israeli government and improve the companies’ efficiency and access to capital. However, challenges remain, including how to safeguard state secrets and handle union interests. The possibility of an IPO was first reported by Breaking Defense.