IAI has Acquired Greek Defense Company Intracom Defense
Stay informed with our
free newsletters

This news is classified in: Defense Missiles / Rockets Communications

May 10, 2023

IAI has Acquired Greek Defense Company Intracom Defense

IAI today signed a deal to acquire INTRACOM DEFENSE (IDE), Greece’s leading technology defense company. IDE specializes in the production of missile launchers, missile subsystems, land and sea tactical communications, hybrid generation, and more. The company is active in Greece and other NATO countries and has defense collaborations with leading companies in the United States and Europe. IDE as a Greek entity will be integrated into IAI’s business activities in Greece and Europe, while providing solutions to the challenges faced by the continent’s countries. After the current acquisition, the company’s Greek customers will continue to benefit from the company’s independence, as well as a larger and more widely deployed range of services for new markets.

IAI conducts a wide range of collaborative activities throughout Europe, supplying advanced and operationally-proven systems for marine, land, air, and space use. Following the acquisition, IAI’s customers will benefit from the possibility of local production and maintenance on the European continent and from the wide product portfolio that IAI can supply. This includes the most advanced air defense systems which are in great demand through the world. Greece will enjoy the advantages of local industry involvement in upcoming Greek projects in worldwide defense-related procurement programs, and in the positioning of the Greek company as a leader in its field.

IAI’s CEO, Boaz Levy: “The acquisition of INTRACOM DEFENSE strength IAI's business capabilities in Greece, and in Europe as a whole. The acquisition of IDE will strengthen and widen activities in Greece, and among NATO countries, and help in promoting wide range of solutions that the company can provide. In view of increasing defense needs across Europe, and in response to the ever-increasing demand for air-defense and UAV's systems– in which IAI is a recognized world-leader. IAI and IDE share a common vision deriving from our uncompromising business desire for the highest-quality solutions, and have thus cooperated on more than one occasion over the last few years.”

Unmanned Target Systems - Market and Technology Forecast to 2032

Unmanned Target Systems - Market and Technology Forecast to 2032

Market forecasts by Region, Operation Mode, and Platform Type. Country Analysis, Market and Technology Overview, Opportunities and Scenario Analysis, and Leading Company Profiles

Download free sample pages

Chairman of Intracom Holdings, Socratis Kokkalis said: "this deal today reflects the acknowledgment in the excellent capabilities of a special Greek industry – IDE as an internationally recognized company. IDE success is an outcome of 40 years of investment of both capital and human efforts with perseverance and against all odds. We are proud today to take part enhancing the Greek defense industries and overall relations between Greece and Israel."


Israel Aerospace Industries (IAI)
View original News release

Global MilSatCom 2024 Conference

Global MilSatCom 2024 Conference

London, United Kingdom
Nov 4 - 7, 2024

View agenda
Directed Energy Symposium 2024

Directed Energy Symposium 2024

National Harbor, MD
Sep 11 - 12, 2024

View agenda