The appointment was approved by Israel Katz and Dudi Amsalem, the minister responsible for the Government Companies Authority. The company stated that the appointment followed Levy’s election by the board of directors and approval by Israel’s Senior Appointments Committee.
Katz said: “This unprecedented step brings together deep managerial, technological and defense experience to IAI’s Board of Directors.”
“Boaz Levy has demonstrated an exceptional ability over the years to lead IAI to significant achievements, both in terms of defense as well as economically,” Katz added. “As someone who evolved in IAI over the last few decades, Boaz knows the company in depth and I am certain that his broad and deep familiarity with all levels of the organization and the extensive experience he has accumulated provide him with a unique ability to lead the Board of Directors at this significant point in time.”
Katz also stated: “Prime Minister Netanyahu and I are leading a broad-based strategic plan, with an investment of hundreds of billions of shekels, to build the military power of the State of Israel and achieve self-reliance in defense.”
“IAI plays a key role in this national process, and I am certain that Boaz Levy is the right person to lead significant security processes, accelerate the development and production of advanced systems, and strengthen the qualitative superiority of the State of Israel,” he added.
Amsalem said: “Boaz Levy’s appointment as Chairman of the Board is a direct expression of trust in the professionalism, experience, and extraordinary achievements he has brought with him over the years.”
“This is a step that ensures management continuity and the continued growth momentum of the company,” Amsalem added. “I am confident that in his new role, Levy will continue to lead IAI forward, strengthen its position in the international arena and deepen its contribution to Israel’s security and economy.”
The minister also stated: “Government-owned companies are a strategic asset to the State of Israel and play a vital role in strengthening its economy, industry and national resilience. IAI is at the forefront of this effort.”
Levy said: “I would like to thank the Minister of Defense and the Minister in charge of the Companies Authority for their trust, and the company’s Board of Directors for their support.”
“IAI is a strategic asset to the State of Israel, combining technological excellence with a national mission,” Levy added. “In my role as Chairman, I will work to ensure the company’s continued growth momentum and to strengthen its security and business capabilities, while continuing to lead groundbreaking innovation and promoting long-term strategic initiatives, including expanding activities in international markets.”
Levy also said: “I want to thank the company’s management, the worker’s organization, and the company’s dedicated employees, who have led the company to unprecedented security, technological and business achievements, as demonstrated in the recent military operations in defending Israel’s citizens, while positioning the supremacy of Israel’s Defense Forces.”
According to the company, Levy has served as chief executive officer of Israel Aerospace Industries since 2020 and has overseen significant growth in global operations, order backlogs and financial performance. Before becoming chief executive, Levy held several senior positions within the company, including leadership roles on the Arrow and Barak missile programmes and as executive vice-president of the Systems, Missiles and Space Group.
Israel Aerospace Industries stated that Levy joined the company in 1990 as an engineer on the Arrow programme. He holds degrees in aeronautical engineering and systems engineering from the Technion – Israel Institute of Technology and has more than 35 years of experience across technological, business and management fields.
