Amazing Israel Aerospace Industries is a Israel manufacturer of military aircraft and business jets
Israel Aerospace Industries was founded in 1953 as Bedek Aviation Company under the initiative of Shimon Peres, then director general of the Ministry of Defense, in order to maintain Israel Defense Forces aircraft. The company originally had 70 employees and recruited American born aviation expert Al Schwimmer as the company's founder and first president.
In 1959 Bedek began manufacturing its first aircraft, a V-tailed twinjet trainer of French design, the Fouga CM.170 Magister, locally called Tzukit (Monticola). The Tzukit became the Israeli Air Force principal trainer for 50 years. The IAI Tzukit was also used in the 1967 Six-Day War by 147 Squadron as a close support aircraft, attacking targets on the Egyptian front during the first day of the war, when Israel's more capable combat aircraft were deployed against Arab air bases and aircraft. They were then deployed against Jordanian forces, including armour, on the West Bank. The Magister proved effective at the close-support mission albeit with heavy casualties, with six being lost.
In 1980 the Government of Israel decided to use the experience IAI had accumulated to develop and manufacture a modern fighter plane to be the mainstay of the Israel Air Force. The aircraft, called the IAI Lavi, was to be a superior attack aircraft with advanced weapons systems. It had its rollout in July 1986 and successful maiden flight in December 1986.
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| Company type | Government-owned corporation |
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| Traded as | TASE: ARSP.B1 |
| Industry | Aviation, Defense |
| Predecessor | Bedek Aviation Company |
| Founded | 1953; 71 years ago |
| Founder | Al Schwimmer Shimon Peres |
| Headquarters | Lod, Israel |
| Key people | Boaz Levy (CEO) |
| Products | Military weapons and equipment |
| Services | Aircraft maintenanceAircraft upgrade |
| Revenue |
 US$4.973 billion (2022)
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| Operating income |
US$797 million (2022)
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| Net income |
US$213 million (2022)
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| Number of employees | 15,000 |
| Divisions | Bedek Aviation Group Commercial Aircraft Group Military Aircraft GroupSystems, Missiles & Space Group |
| Subsidiaries | ELTA Systems |
| Website | www |
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| IAI Arava of the Umbutfo Eswatini Defence Force |
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| Lavi B-02 prototype | |
| Role | Multirole fighter |
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| Manufacturer | Israel Aircraft Industries |
| First flight | 31 December 1986 |
| Status | Canceled in August 1987 |
| Number built | 3 prototypes |
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