- Business
- Ashot Ashkelon Industries Ltd. (TASE: ASHO) manufactures technologically advanced build-to-print and build-to-spec systems, subsystems, and components for the aerospace, defense, automotive, and industrial sectors; core products encompass gears, transmissions, and gearboxes; long and short shafts for jet engines; high-lift system components including universal joints, shafts, transmissions, gearboxes, and electromechanical assemblies; landing gear parts; tungsten-based products such as armor-piercing penetrators, fragmentation parts, balance weights, gyro and fuse components, missile parts, and radiation shielding; final drives, suspension systems, and upgrade packages for armored vehicles; automated transmissions, PTOs, planetary systems, drive axles, and oil pumps for heavy-duty vehicles and tractors; and precision gears via subsidiary Reliance Gear Corporation for printing, infrastructure, mining, energy, and aviation applications. Headquartered in Ashkelon, Israel, and founded in 1951, the company operates vertically integrated facilities with capabilities in machining, gear cutting, heat treatments, NDT, surface finishing, and quality assurance certified to AS9100 and NADCAP standards, serving customers including the Israeli Ministry of Defense, Airbus, Boeing, CNH, Volvo, and Iveco across defense, commercial aviation, agriculture, mining, marine, oil and gas, construction, and industrial markets primarily from Israel and the United States. In 2022, FIMI Opportunity Funds acquired a majority stake for $84 million; the company completed the acquisition of Industrial Development Company (IDC) Ltd. for ILS 45.6 million in August 2024 to bolster development capabilities and expand defense and civil aviation portfolios; it signed a long-term framework agreement in 2025 for A350-900 aircraft systems and secured cumulative orders worth approximately ILS 100 million from the Israeli Ministry of Defense for MRO, spare parts, transmissions, suspension systems, and final drives for armored vehicles, alongside a prior NIS 146 million order in 2024.