Israel Weighs US IPO for Multi-Billion-Dollar Defense Companies

Israel Weighs US IPO for Multi-Billion-Dollar Defense Companies Israel is considering listing state-owned defense giants Israel Aerospace Industries Ltd. and Rafael Advanced Defense Systems Ltd. in the US to potentially avoid stricter disclosure obligations in the local market. Representatives from the government and the firms — the makers of the Arrow and Iron Dome anti-missile defense systems — are set to travel to the US in mid-July to assess the possibility of an overseas initial public offering, an Israeli official familiar with the trip said. It could entail either a primary or dual listing, the official said, asking not to be identified by name because the plans are private.