Israeli state arms maker; Spike missiles, Iron Dome, David's Sling
Company · Israel · Organization
Rafael Advanced Defense Systems is wholly owned by the State of Israel and makes Iron Dome, David's Sling, SPYDER and the Spike missile family. According to reports, Spike missiles fired from an Elbit Hermes 450 drone killed seven World Central Kitchen aid workers in Gaza on April 1, 2024. Israel's navy fired Spike NLOS missiles at the Gaza coast during the 2023 invasion. R2S, Rafael's U.S. joint venture with Raytheon, won a $1.25B contract in Nov 2025 for Tamir Iron Dome interceptors to be built in Arkansas, so U.S. workers now refill the shield that lets the bombing continue. Sales reached about $6.8B in 2025, with $423M net profit, and H1 2026 sales were NIS 10.63B. Its backlog stood at NIS 76.4B ($24B) on March 31, 2026, and Israel's Ministry of Defense owed it almost NIS 7B for equipment received. Greece's Aug 2026 'Achilles Shield' deal, worth about €3B, includes David's Sling and SPYDER.
● confirmed by a primary document · ○ reported
Rafael is a government-owned company, with 99.9% of its shares directly held by the Israeli government and the remainder held by various government entities, each possessing a fractional share.
Rafael is a government-owned company, with 99.9% of its shares directly held by the Israeli government and the remainder held by various government entities, each possessing a fractional share.
The Raytheon-Rafael Protection Systems (R2S) joint venture was awarded a $1.25 billion contract to supply Israel with Tamir surface-to-air missiles.
The R2S facility, a joint venture between Raytheon (RTX) and Rafael Advanced Defense System, will produce the Tamir missile for the Iron Dome Weapon System. ... This facility represents a $63 million investment for R2S and will create 60 new jobs in the region.
The Raytheon-Rafael Protection Systems (R2S) joint venture was awarded a $1.25 billion contract ... The companies used a $33 million capital investment to establish the new facility, which opened earlier this month in East Camden, Arkansas. The new site will produce the Tamir missiles for the Iron Dome Weapon System and its U.S. variant, SkyHunter.
Tomer, a government-owned company, and Rafael Advanced Defense Systems are key subcontractors for the development and production of the Arrow 3 interceptor.
The Ministry of Defence has authorised the Finnish Defence Forces to procure the David's Sling system as the next long-range air defence system of Finland.
One-in-All SPYDER ... a Trademark of RAFAEL Advanced Defense Systems Ltd
The contract was signed with EuroSpike, a European joint venture based in Bavaria and led by Tel Aviv's Rafael, with German companies Rheinmetall Electronics and Diehl Defence holding an 80 percent stake. (2 billion euros ($2.3 billion))
more than 2 billion euros ($2.3 billion) (SPYDER framework agreement with Rafael Advanced Defense Systems)
13.69 billion koruna (US$627 million) ... Deliveries of the four launchers are scheduled to be completed by 2026
168 launchers, 1,680 missiles and full logistical support ... EuroSpike ... euro285 million deal
The Vietnamese army will be equipped with Spike anti-tank missiles manufactured by Rafael Advanced Defense Systems in a deal worth approximately $250 million.
near $100 million, according to a statement released by the Israeli vendor (Spike missiles to be made by Mesko under Rafael licence)
cloud-based AI solutions for defense missions
H1 2026 sales 10.63 billion NIS
2025: Sales $6.8 billion; net profit $423 million; order backlog $23.3 billion. 2024: Sales $4.9B; net profit $260M; backlog $17.8B.
H1 2026 sales 10.63 billion NIS (growth of 13.6%); Q2 2026 sales 5.68 billion NIS
H1 2026: sales NIS 10.63bn (+13.6%); net profit 663 million NIS (+8% y/y); in USD terms net profit grew ~28% in H1; order backlog grew 33% versus the corresponding period.
2025 net profit $423 million; 2024 net profit $260M
H1 2026 net profit 663 million NIS (growth of ~8%); Q2 2026 ~329 million NIS
Order Backlog: 76.4 billion shekels, or $24 billion, up 23% year-on-year; net profit 334 million shekels (Q1 2026).
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