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February 06, 2016 2:56 AM ET

Aerospace and Defense

Company Overview of Rafael Advanced Defense Systems Ltd.

Company Overview

Rafael Advanced Defense Systems Ltd. designs, develops, and manufactures advanced defense systems for the Israeli Defense Forces and the defense establishment, as well as for foreign customers. It offers air superiority systems, land and naval systems, air and C4ISR systems, and manor and technologies; and manages national development centers and infrastructure. The company, through its subsidiaries, identifies and develops commercial technologies based on hi-tech defense technologies; and develops and produces electro-optical and precision motion control systems for military, para-military, and homeland security applications. In addition, its products are used in the areas of air warfare, l...

Industrial Zone

Kiryat Bialik Street

Haifa,  3102102

Israel

Founded in 1948

Phone:

972 4 879 4444

Fax:

972 4 879 4681

Key Executives for Rafael Advanced Defense Systems Ltd.

Chief Executive Officer and President
Chief Financial Officer and Executive Vice President
Deputy Chief Executive Officer, Chief Operating Officer and General Manager of Rafael's Missile & Ncw Division
Executive Vice President and General Counsel
Chief Compliance Officer and Vice President
Compensation as of Fiscal Year 2015.

Rafael Advanced Defense Systems Ltd. Key Developments

Astra Microwave Products Ltd Signs Term Sheet for Formation of Joint Venture Company with Rafael Advanced Defence Systems Ltd. for Joint Production and Supply of Tactical Radio Communication Systems, Electronic War-Fare Systems and Signal Intelligence Systems

Astra Microwave Products Ltd. has informed that the company have signed a Term Sheet for formation of Joint Venture Company with M/s. Rafael Advanced Defence Systems Ltd., Israeli for joint production and supply of Tactical Radio Communication systems, Electronic war-fare systems and Signal intelligence systems. The JVC will operate from Hyderabad and is expected to start business development activities in the first half of 2016. About USD 20 million is expected to be invested in the first two years in the JVC. To start with ASTRA and M/s Rafael will own 51:49 in the JVC and will become 50:50 subject to regulatory approvals.

Rafael Advanced Defense Systems Ltd. Sets Up Joint Venture with Kalyani Group

Rafael Advanced Defense Systems Ltd. and Kalyani Group announced an agreement to establish a joint venture to produce missile systems, remotely controlled weapons positions, and advanced systems for the protection of tanks and APCs. Kalyani will own 51% of the new company, and Rafael 49%. The agreement between Rafael and Kalyani was signed during the Aero India weapons exhibition now taking place in Bangalore, India, which the leaders of the two companies are attending. It is believed that according to understandings reached before the agreement was signed, the production lines to be set up in India will produce components for Rafael's systems, including the Barak 1 missile, the Spike anti-tank missile, and others. The new company's production infrastructure is also expected to accommodate future production in India of the Magic Wand system for protection of armored vehicles against anti-tank missiles.

Israel Government To Privatize Companies In 2015

Israel Government in 2015 will seek to sell a minority stake in Israel Aerospace Industries Ltd., Israel Railways Corporation Ltd., Israel Electric Corporation Limited, Mekorot Water Co. Ltd., The Israel Postal Company Ltd., Rafael Advanced Defense Systems Ltd., Israel Military Industries Ltd, Haifa Port Company Ltd., Ashdod Port Company LTD and Israel Natural Gas Lines Ltd. with proceeds expected at ILS 4 billion. The ministry said some companies would be sold through the Tel Aviv Stock Exchange while others would be sold at one time or in stages in a private sale.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 28, 2016
DSIT Solutions Ltd.
 

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