Israel’s largest state-owned defence company, which is directly involved in the war on Gaza, has received millions of euros in EU defence funding, an investigation has revealed.
Israel Aerospace Industries (IAI) is participating in EU-funded projects through the Greek company Intracom Defense, which it acquired in May 2023.
According to a report published on Wednesday by Investigate Europe, the French newsroom Disclose and the Greek outlet Reporters United, Intracom Defense is currently involved in 15 European Defence Fund (EDF) projects worth at least €15m (around $17.5m).
Seven of them were awarded after October 2023 and its sale to IAI. Among them are the Triton and Marte projects, which started in December 2024 to develop AI-driven cybersecurity technology and tank systems for combat.
Intracom Defense’s most significant involvement is as the lead coordinator of Actus, a four-year programme aimed at developing drone technologies for weapon integration and other capabilities for European use.
Read more: EU Commission and states indirectly fund Israeli military industry, report says
