Jet engine parts manufacturing & maintanance.
Beit Shemesh enters 2026 with strong demand, a record backlog, and a balance sheet that looks more comfortable, but the thesis still depends on turning backlog growth into real cash without continuing to fund that growth through working capital, equity inflows, and meaningfully…
JetCat and the 2026 defense orders do not yet create a full third leg at Beit Shemesh, but they do create a credible strategic option: F100 provides a near-term monetization layer on existing capability, while JetCat is starting to move from thesis to first serial orders.
Beit Shemesh posted $70.8 million of EBITDA in 2025, but almost the entire gap to $30.2 million of operating cash flow was absorbed by working capital. After CAPEX, the Turbine Standard acquisition, debt reduction and interest, the year-end equity raise mostly closed the gap and…
Beit Shemesh’s $3.2 billion backlog shows real demand depth, but its revenue certainty is much lower: only about $941 million is identified in the annual report as Firm Orders, and only $307 million is allocated to 2026.
