Rafael reports record-breaking results: The largest deal in its history revealed
The defense technology company concludes the second quarter of 2026 with a double-digit jump in sales and orders, marking an unprecedented milestone with the Navy.
Rafael Advanced Defense Systems Ltd. has published its financial results for the second quarter (April-June) of 2026, ending on June 30. Sales amounted to 5.677 billion shekels, a 20% increase in shekel terms (45% in dollar terms) from the same period last year. New orders reached 6.917 billion shekels, representing a 39% increase in shekel terms (68% in dollar terms) compared to the second quarter of 2025.
For the first half of 2026, total sales reached 10.631 billion shekels, a 13.6% increase in shekel terms (35% in dollar terms) compared to the first half of 2025. The volume of orders in the first half reached 15.068 billion shekels compared to 11.359 billion shekels in the corresponding period, an increase of 33%. The order backlog currently stands at approximately 75.8 billion shekels, up from 65.8 billion shekels last year. Net profit for the first half of 2026 reached 663 million shekels, an increase of approximately 8% (28% in dollar terms) compared to the first half of 2025.
Rafael Chairman, Prof. Yuval Steinitz, stated:
"Rafael continues to deliver amazing results with significant growth in sales and orders in 2026. This success reflects Rafael's business robustness, the depth of its scientific and technological capabilities, and its critical contribution to the security of the State of Israel. We continue to develop and test systems for the next generation, understanding that today's technological superiority is the foundation for tomorrow's security."
Steinitz added that strengthening Rafael's position requires adapting growth infrastructure to future challenges, including potentially changing the company's status through a share issuance to expand investments in breakthrough technologies.
Rafael CEO, Yoav Turgeman, noted:
"The second quarter of 2026 illustrates the continued growth momentum and the increasing trust of our customers in Israel and globally. We have recorded a series of significant achievements, led by the largest deal in our history for the sale of the Spyder air defense system to Romania. Other milestones include the delivery of the 1000th Typhoon system to the Navy and winning two Israel Defense Prizes."
Turgeman also paid tribute to employees and their family members who fell in battle, stating that their heroism serves as a painful reminder of the vital connection between Rafael's staff and the security of the State of Israel.
