Rafael, one of the main partners in Israel's Iron Dome, Arrow and David's Sling air and missile defense systems, would focus on building missile parts rather than on explosives, which would be built at a separate site, sources said
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