From Dealroom · · 40s
Israel's Classified Missile Maker Plans $200M Bond
Israel's state-owned missile engine firm Tomer aims to issue first bond up to $200 million.
In brief
Israel's state-owned missile engine firm Tomer aims to issue first bond up to $200 million. Israel's state-owned Tomer, maker of rocket propulsion systems, plans a $200 million bond to fund defense production. Originally reported by Dealroom.
Tomer Receives S&P Rating
Israel's state-owned Tomer has received a preliminary ilAA credit rating from S&P Maalot ahead of a planned bond issuance of up to $200 million.
Tomer's Defense Role
The company operates in Israel's classified defense industry, supplying propulsion for rocket and missile systems including the Arrow program.
Bond for Defense Expansion
Tomer targets annual sales of US$460.5 million by 2030 and plans a bond to fund faster Arrow interceptors and expanded Iron Dome production.
The key point
Israel's state-owned Tomer, maker of rocket propulsion systems, plans a $200 million bond to fund defense production.
