Volkswagen, founded by Hitler and a producer of missiles for the Wehrmacht in World War II, is set to have one of its plants manufacture Iron Dome components for Rafael. After having suffered a 44 percent drop in profits last year, VW may be pivoting toward the booming defense industry
Rafael, which created Israel's Iron Dome missile defense system as well as a new Iron Beam anti-missile laser, is valued at about $10 billion. Defense privatization has been discussed on and off for the past 20 years, strengthened by Israel's two-year war with Hamas
The SPYDER system from Rafael is heading toward a €1.9 billion deal in Romania, after the Israeli company surpassed competitors from Germany and France.
Israel-based defense technology company Elbit Systems announced this week that it secured a contract worth a quarter of a billion shekels to supply counter-drone systems to a 'European country.' Legal documents from Romania reveal how its state-owned rival, Rafael, lost the tender