The SEC raided the Aerodrome manufacturing company’s offices and questioned current and former company executives on suspicion of violating the Securities Act.
The investigation is related to a Ministry of Defense tender that the company won in October 2024.
Aerodrome won a large Ministry of Defense tender for its size for the supply of components for UAVs worth over 70 million shekels. However, the company was unable to secure supplies, and the Ministry of Defense canceled its victory, transferring the contract to the second place participant.
The cancellation notice, according to the company, was sent on March 4, 2025, but due to a technical failure, it did not reach the company’s systems until March 13.
According to the management, the letter about the cancellation of the tender became known earlier, and the company’s top managers were trying to gain time.
Amid the tender crisis, previous CEO Roi Daghani resigned a week after the cancellation was published.
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