What Happened
National Company To Offer Minority Stake Amid Growth And Budget Constraints
Israel Aerospace Industries plans to launch an initial public offering within the next year, according to board chairman Boaz Levy. The company will offer a minority stake to the public, with the state retaining control. Levy cited growth, uncertainty, and recurring budget constraints as reasons for the IPO, which he believes will be beneficial for the company, its employees, and customers. The announcement was made at ManpowerGroup Israel’s annual customer conference, as reported by The Jerusalem Post.