Israel plans to sell shares of defense companies to compensate for the cost of war.
According to the Financial Times of the United Kingdom, citing senior government officials, Israel plans to sell shares of its largest weapons manufacturer to raise funds to cover the sharp increase in defense spending over the past two years due to conflicts. Yali Rothenberg, the chief accountant of the Ministry of Finance, stated that the privatization of Israel Aerospace Industries has already begun. Additionally, the possibility of privatizing the Rafael Advanced Defense Systems company is also being explored. Rothenberg stated that the government's "preliminary idea" is to sell 25% of IAI's shares, with the possibility of selling up to 49%, depending on governmental decisions. It is still too early to determine the valuation of IAI, but its nearly $30 billion in military sales orders can serve as an indicator of its size.
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