Rafael Advanced Defense Systems

Money Moves

As of July 2026: Core supplier of missiles and interceptors

Greece just committed about €4.3 billion to rebuild how it defends its skies. The core is a layered anti-aircraft, anti-ballistic and anti-drone system called 'Achilles Shield,' built mainly with radars and missiles from two Israeli companies, Rafael and Israel Aerospace Industries.

Updated Jul 23

New Capabilities

As of May 2026: Expanding India operations with technology transfer agreements for Air LORA, Ice Breaker, and SPICE families amid Western arms embargoes

India's Defence Acquisition Council approved an $8.7 billion arms package from Israel in January 2026, headlined by 1,000 SPICE-1000 precision bomb kits (125-kilometer range, GPS-jammed capable), air-to-air missiles, loitering munitions, radars, and networked command systems. India is also acquiring Air LORA missiles (400 kilometers), Ice Breaker missiles (300 kilometers), and Rampage missiles with full technology transfer for domestic production. The purchase makes India Israel's largest defense customer, now accounting for 34% of Israeli arms exports from 2020-2024.

Updated May 19