Manufacture jet & military vehicle parts.
Ashot exits 2025 as a stronger defense and aerospace manufacturer, with a sharp improvement in revenue and profitability and a much thicker order layer. But 2026 will be judged less by whether demand exists and more by whether the company can convert that order book into revenue…
Ashot's MRO story is real, but by late February 2026 only NIS 253 million out of a NIS 560 million framework had turned into cumulative awarded work, and even that awarded amount contains LLI, NRE, and setup layers, so the real debate is about order quality rather than headline…
Reliance Gear already gives Ashot a real US manufacturing address and a credible strategic thesis, but as of 2025 it still has not shown convincing economics: sales fell, profitability compressed, backlog shrank, and most of that backlog is internal.
Ashot's backlog is real, but in 2025 it still required more financing than it created in cash freedom: inventory and receivables got ahead of cash, and after investing, leases, interest, credit reduction, and dividends, cash still fell.
