Log in to use our free company, program and sector update tracker feature.
 

Front page

Kanfit Ltd. and Rafael Advanced Defense Systems enter into strategic partnership

Kanfit Ltd. announced that Israeli defense contractor Rafael Advanced Defense Systems has acquired a 50 percent stake in its company. Kanfit is a private company owned by Shai and Shula Fine, who will keep a 50 percent stake in the company following the deal, which is valued at tens of millions of shekels.

Founded in 1986, Kanfit manufactures primary and detailed parts, sub-assemblies, and fit-to-fly assemblies made from composites and sheet & block metals, and the integration of both. Rafael focuses mainly on advanced systems such as precision-guided missiles, air and missile defense systems, and naval defense systems.

"The partnership will combine the excellence and quality of our two companies in the field of composite materials and will help to develop and create new technological capabilities", said Kanfit Founder and General Manager Shai Fine. "The acquisition and the synergy between Rafael and Kanfit will serve as a springboard to catapult Kanfit to a new level both domestically and internationally.

According to Ayelet Shapira, Senior Vice President of Rafael, who spearheaded the merger, "The move is part of Rafael's overall readiness to provide advanced production capabilities in composite materials and will enable us to expand production capacity. We have identified Kanfit as an important center of knowledge for composite manufacturing, with unique capabilities in the Israeli market, which will enhance Rafael's competitive position in the local and global markets."

Kanfit recently purchased a new 11,000 sq. meter (118,000 sq. ft.) manufacturing plant, approximately three times the size of its current facility. The company move is expected to be completed by the end of 2019.

Press release issued by Kanfit Ltd on November 13, 2019

 

 Contact details from our directory:
Kanfit Ltd Brackets, Gaskets, Paint Application, Metal Finishing/Polishing, Metal Bonding, Heat Treatment, Welding, Metal & Alloy Fabrications, Metal Tubing, Subcontracted Composite Parts, Jigs & Fixtures, Tooling, Bending, Forming, Metal Structures, Aircraft Structural Components, Fabricating Services, Precision Machined Parts, Machining Services, Non-Metal Moulding, EMI/RFI Shielding, Welded Tubing, Composite Sandwich Panels, Final Assembly, Fuel Tanks & Systems, Flanges, Carbon-reinforced Composites, Honeycomb Core Composites, Boron-reinforced Composites, Manifolds & Ducts, Composite Manufacturing Services, Foam Core Composites, Composite Structures, Polyamide-reinforced Composites, Equipment Doors, Non-Destructive Testing
Rafael Advanced Defense Systems Ltd. Electro-Optical Systems & Equipment, Airborne Reconnaissance Infrared, Photo Reconnaissance, Missiles, Airborne Communication Systems

 

 Related directory sectors:
Tooling
Surface Treatment
Structural Components
Sheet Metal Processes
Processes
Non-Mechanical Components
Non-Destructive Testing
Metals
Metal Processes
Mechanical Components
Manufacturing Services
Machining
Heat Treatment
Fuel Systems
Composites

Enhanced listings:


Beijing Dong Shengyuan Adhesive Products Co., Ltd
Beijing Dong Shengyuan Adhesive Products Co., Ltd is specialized in producing thermal spray masking tape.

Airmo Inc. Pressure Technologies
Airmo manufactures systems and tools for hydrostatic testing, end forming, tube expansion, and high-pressure accessories to 60,000psi (4,137bar).

IHS ESDU
Reduce the time spent on current projects by using ESDU – engineering data and software that has been approved and endorsed by professional institutions.

AMETEK PDS
Global design and manufacturer of components and systems to the aerospace & defense industry for over 80 years.

Interface Force Measurements Ltd
Accurate & reliable torque, force & pressure sensors, pressure mapping systems & calibration systems.

See our advertising tariff.

 

X
Monthly page limit exceeded. Please buy a subscription.

© Airframer Limited, operated under licence by Stansted News Limited 2020. Terms & Conditions of reading. Privacy policy