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During the 1960 the company got into financial difficulties and the vehicle assembly line was closed; the
Ashkelon plant continue to operate at a loss. In 1967, it was acquired by
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based
Reliance Gear Corporation, a manufacturer of custom and precision gearing that was founded 1965, which today operates as a fully owned subsidiary of Ashot.
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Ashot
Ashkelon: Defense industry success story The defense contractor's revenue has risen from NIS 17 million to NIS 230 million within seven years
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372:, to manufacture parts for 20 different engine types. The agreement was estimated to represent a total potential income of $ 100–140 million.
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under license; Kaiser-Ilin had two production sites, one in Haifa (which opened in 1951) where the vehicle assembly line was based and one in
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Ashot frames GM. (Ashot
Ashkelon Industries' aircraft engine contract with General Motors Corp. Allison Transmission Div.)
331:(which was opened in 1960), for manufacturing spare parts for automotive equipment, gears and metal-working machinery.
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273:) is an Israeli manufacturer of build to print products such as: gears, transmissions and gearboxes to the
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Ltd. (IMI, also known as IMI Systems and later Elbit
Systems Land) and is publicly traded on the
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On June 30, 2022, FIMI Opportunity Funds acquired a majority stake in Ashot for $ 84 million.
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615:"Elbit Systems Completes the Sale of Ashot to FIMI Opportunity Funds for $ 84 Million"
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Kaiser-frazer
Company Announces Establishment of Automobile-assembly Plant in Haifa
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and hydro-mechanical suspension enabling cross-country mobility, for both the
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Enter the Namer - An update on the
Merkava based Infantry Fighting Vehicle
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364:. The same year, the company signed a 20 years frame agreement with the
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to manufacture transmission systems used in the rudder mechanisms of
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American Kaiser
Company Plans Three New Factories in Israel
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In 1990, Ashot signed a long term supply contract with
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International debut for Israel's Newest
Merkava Mk4
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300:in 2018, it was controlled by Elbit Systems Land.
1017:Companies listed on the Tel Aviv Stock Exchange
375:In 2007, Ashot won a tender to manufacture the
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8:
591:. Israel Military Industries. Archived from
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1007:Manufacturing companies established in 1951
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319:. Initially as a factory for assembling
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311:Ashot Ashkelon was founded in 1951 as
676:Israel Business Today, 14 August 1992
664:, Israel Business Today, May 29, 1992
7:
547:Hybrid-Electric Propulsion For Rotax
459:Penetrators and Fragmentation Parts
296:. Following the purchase of IMI by
14:
997:Manufacturing companies of Israel
719:, Yuval Azulai, Globes 28/03/2013
589:"Another deal for Ashot Ashkelon"
587:Israel Defense (13 August 2012).
976:National Roads Company of Israel
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662:Ashot gets $ 48 M Boeing orders
288:Ashot was a subsidiary of the
1:
1022:2022 mergers and acquisitions
1012:1951 establishments in Israel
775:Automotive industry in Israel
368:, at the time a division of
281:industries. Headquartered in
263:Ashot Ashkelon Industries Ltd
255:Ashot supplied parts for the
17:Ashot Ashkelon Industries Ltd
356:In 1992, the company had an
1002:Defense companies of Israel
79:; 73 years ago
1038:
700:, Defense Update, Oct 2010
688:, Defense Update, Oct 2010
529:Israel Military Industries
388:Armoured personnel carrier
336:Israel Military Industries
290:Israel Military Industries
166:224.25 million (2015)
131:340.93 million (2015)
781:
485:Clutch independent drives
426:Transmissions & Gears
227:Reliance Gear Corporation
151:17.24 million (2015)
796:Transportation in Israel
482:Transmission range shaft
393:In 2011, Ashot acquired
285:, it has 560 employees.
912:Kaiser-Ilin Industries
479:Automatic transmissions
453:Transmissions and Gears
362:Tel Aviv Stock Exchange
358:initial public offering
294:Tel Aviv Stock Exchange
488:Mass transit gearboxes
366:Allison Engine Company
313:Kaiser-Ilin Industries
259:
895:Defunct manufacturers
805:Current manufacturers
715:June 3, 2016, at the
254:
652:, September 26, 1958
475:Power take off units
865:Commercial vehicles
786:Automotive industry
577:Official About Page
213:(2022–present, 85%)
172:Number of employees
18:
595:on 5 November 2012
422:Landing Gear parts
260:
257:Allison jet engine
27:עשות אשקלון תעשיות
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791:Economy of Israel
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435:Jet Engine Shafts
417:High Lift Systems
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971:Israeli Highways
813:Defense industry
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732:Official website
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564:. Archived from
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521:Companies portal
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440:Tungsten Weights
430:Universal Joints
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277:, Military, and
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717:Wayback Machine
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958:Related topics
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938:ERM Telematics
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933:Ashot Ashkelon
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568:on 2009-03-09
567:
563:
562:"About Ashot"
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383:tank and the
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381:Merkava Mk. 4
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907:Better Place
902:Autocars Co.
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622:. Retrieved
618:
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597:. Retrieved
593:the original
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570:. Retrieved
566:the original
556:
542:
497:
456:Final Drives
392:
374:
355:
340:
333:
310:
302:
287:
262:
261:
223:Subsidiaries
189:Efraim Ilin
158:Total equity
102:Headquarters
32:Company type
967:(Auto Show)
836:Plasan Sasa
619:PR Newswire
491:Drive axles
462:Suspensions
325:Mack Trucks
317:Efraim Ilin
196:IMI Systems
96:Efraim Ilin
23:Native name
991:Categories
921:Components
624:2022-12-30
572:2009-01-08
535:References
469:Automotive
377:Drivetrain
353:aircraft.
351:Boeing 757
347:Boeing 747
279:Automotive
138:Net income
68:Automotive
965:AutoMotor
950:Tadir-Gan
947:Raval ACS
494:Oil pumps
411:Aerospace
323:cars and
275:Aerospace
207:(2018–22)
199:(1967–18)
191:(1951–67)
44:Traded as
943:Mobileye
877:Merkavim
872:Ha'argaz
713:Archived
599:17 April
507:See also
401:Products
395:Illinois
329:Ashkelon
283:Ashkelon
107:Ashkelon
60:Industry
550:Archive
448:Defense
360:on the
307:History
269::
232:Website
120:Revenue
92:Founder
82: (
74:Founded
64:Defense
52::
851:Tomcar
841:Rafael
826:Carmor
498:
343:Boeing
239:.ashot
182:Parent
113:Israel
856:Zibar
385:Namer
211:FIMI
601:2013
349:and
271:ASHO
267:TASE
84:1951
77:1951
54:ASHO
50:TASE
882:REE
831:MDT
821:AIL
243:.il
241:.co
237:www
993::
617:.
390:.
110:,
66:,
760:e
753:t
746:v
627:.
603:.
575:.
265:(
164:₪
149:₪
129:₪
86:)
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