Military simulator co Bagira plans to raise NIS 1b in TASE IPO
63% of revenue is from Israel but Bagira sees major potential in international sales of its military training simulators.
Assessment
Bagira's IPO signals confidence in defense tech demand, especially as global militaries modernize training. The heavy domestic revenue base provides stability, but the real test will be international traction. Investors should watch for disclosed order pipelines and whether the company can replicate its Israeli success abroad without margin erosion.