Berkshire Hathaway

Key Findings

• Economic: Berkshire owns IMC, including Israeli cutting-tool manufacturer ISCAR, following acquisitions of 80% in 2006 and the remaining interests in 2013. Berkshire’s 2025 disclosure states that a large portion of IMC’s products are manufactured in Israel; IMC’s approximately $4.1 billion revenue is worldwide revenue, not Israeli turnover.^{1, 2, 3}
• Military: Berkshire-owned Ray-Q publicly identifies Israeli military and defence-industry customers. Separately, two identified US Air Force orders awarded to Berkshire subsidiary FlightSafety Defense Corporation supported Israel’s KC-46 training programme, with combined initial reported obligations of $116,373.^{4, 5, 6, 7, 8, 9}
• Political: Israel Bonds reported Warren Buffett’s personal bond ownership and participation in historical fundraising events attracting $290 million in investments and investment intentions. It also reported GUARD’s bond holdings in 2018; current holdings and subsequent fundraising activity remain unverified.¹⁰
• Not found: No public evidence identified of a Berkshire-controlled Israeli military surveillance, offensive-cyber or government-cloud deployment, or a named Berkshire/ISCAR settlement operation. GUARD’s documented Planck relationship concerned civilian insurance underwriting.^{1, 4, 11, 12, 13, 14}

Target Profile

Executive Summary

Berkshire Hathaway’s documented Israel nexus principally consists of controlled operating businesses and identifiable commercial relationships. Berkshire acquired 80% of the Israel-headquartered IMC group in 2006 and the remaining interests in April 2013. ISCAR remains an Israeli subsidiary, headquartered in Tefen in Western Galilee. Berkshire’s 2025 annual filing identifies Israel as a principal IMC manufacturing location, states that a large portion of IMC products are manufactured there, and reports approximately $4.1 billion in worldwide IMC revenue. That figure cannot be attributed wholly to Israel.^{1, 4, 11, 2, 3}

The military record is more specific than general exposure to aerospace markets. Through TTI, Berkshire controls Ray-Q, whose public materials name the Israeli Air Force, IDF Signals Corps, Rafael, Israel Aerospace Industries and Elbit as longstanding customers. These disclosures establish acknowledged supplier relationships, but do not disclose individual procurement values, delivery dates or named weapons platforms. Separately, procurement records identify two FlightSafety Defense Corporation orders supporting Israel’s KC-46 programme: programme-management support awarded in 2024 and pilot/boom-operator training awarded in 2026. Their combined initial reported obligations total $116,373; personnel numbers, course completion and subsequent operational deployment are not established.^{4, 5, 6, 7, 8, 9}

The political record centres on historical sovereign-financing activity. Israel Bonds reported Warren Buffett’s personal bond holdings, public praise for Israel, and participation in three gatherings attracting $290 million in investments and investment intentions over approximately 18 months ending in June 2018. The same publication reported GUARD’s Israel Bonds holdings. The aggregate is neither a Berkshire donation nor a measure of Buffett’s personal investment. Contemporary holdings and continuation of those specific fundraising appearances after July 2024 were not verified.^{10, 18}

The audits also establish substantial limits. No public evidence identified of a named Berkshire or ISCAR settlement operation, attributable settlement-product sourcing, or an Israeli military surveillance, offensive-cyber or government-cloud deployment. GUARD’s 2019 Planck partnership concerned civilian commercial-insurance underwriting; current contractual status and processing location remain unknown. These distinctions accompany the fixed, human-vetted V6.6 result: BRS 783, Tier B (Severe Complicity). The classification is a corpus assessment, not a judicial finding.^{1, 4, 11, 12, 13, 14, 19}

Timeline of Relevant Events

Corporate Overview

Berkshire is a decentralized commercial holding company. Its disclosures place insurance, transportation, energy, manufacturing and other operating businesses within a broad multinational group, while describing few centralized or integrated business functions. Decentralization matters when attributing particular acts: subsidiary transactions are documented at the operating-entity level, while ownership establishes their relationship to Berkshire.^{1, 4}

The industrial chain includes Berkshire’s ownership of IMC International Metalworking Companies B.V., the Netherlands-headquartered intermediate company, and Israeli operating subsidiary ISCAR Ltd. Berkshire obtained complete ownership of IMC B.V. in 2013. Other disclosed group entities include Delaware-incorporated IMC International Metalworking Companies Inc., South Korea’s TaeguTec, Japan’s Tungaloy and US/German Ingersoll businesses. Group membership does not establish that every entity operates in Israel.^{4, 3, 15}

A separate chain runs from Berkshire through electronics distributor TTI to Ray-Q. TTI’s acquisition history records Net-Aye in 2010 and Ray-Q in 2013. Ray-Q describes engineering, manufacturing and interconnect supply for military, aerospace and civilian customers. The military audit establishes this additional Israeli operating-company relationship beyond the economic audit’s IMC-focused acquisition record.^{5, 6, 20}

FlightSafety Defense Corporation and FlightSafety International appear in Berkshire’s subsidiary exhibit. The identified Israel-specific procurement orders name FlightSafety Defense Corporation. GUARD’s relevant records concern a civilian Planck technology partnership and historical Israel Bonds holdings. No franchise relationship is established in the supplied audits; the documented mechanisms are ownership, contracting, technology procurement and investment.^{4, 8, 9, 12, 10}

Domain Summaries

Military: Military

Mechanism of Involvement

Two distinct mechanisms are documented: military-component supply through Ray-Q and contractual training support through FlightSafety Defense Corporation. Ray-Q identifies the Israeli Air Force and IDF Signals Corps among organisations with which it has worked for decades. It also names Rafael, Israel Aerospace Industries and Elbit, stating that named organisations receive and install its products without additional incoming inspection.⁷

Ray-Q’s portfolio includes wire harnesses, electrical interconnect systems, sensors, copper and optical-fibre cabling, engineering and manufacturing services. Its case studies describe harness production for major Israeli large-UAV manufacturers and a flexible pilot-helmet cable developed for an unnamed aerospace and defence customer. The disclosed UAV export example concerned an unnamed European customer; it does not establish an Israeli military end-user for that programme.^{6, 23, 24}

FlightSafety’s orders provide dated, beneficiary-specific procurement evidence. The 2024 order, FA300224F0089 under FA300220D0005, funded 75 programme-management hours for Israel’s KC-46 aircrew training programme. Its reported obligation was $12,825, with performance from 1 June 2024 to 31 May 2025. The 2026 order, FA300226F0030 under the same parent contract, specified Israel KC-46 pilot and boom-operator training, approximately $103,548 initially obligated, and performance from 1 April to 30 September 2026. The latter record expressly identifies Foreign Military Sales; the reviewed 2024 record does not independently establish that designation.^{8, 9}

Counter-Arguments and Evidence Limits

The strongest defence distinguishes acknowledged supplier relationships from proven deliveries into particular weapons or operations. Ray-Q’s customer statement supplies no contract identifiers, quantities, shipment dates or current customer-by-customer status. No public evidence identified allocating its components to a named Israeli missile, strike UAV, radar, warhead or fire-control system. Website accessibility in October 2026 does not establish deliveries after July or November 2024.^{7, 24}

The FlightSafety records establish awarded support for an Israeli military programme, but not completed courses, trainee numbers or subsequent aircrew deployment. They identify US Air Force contracting rather than a parent-level Berkshire agreement with Israel’s Ministry of Defence. The political audit’s unresolved FlightSafety finding is therefore narrowed by the military audit’s specific procurement records, without converting paid training into unverified free assistance or crisis logistics.^{1, 8, 9}

Precision Castparts has documented aerospace and armament-component capabilities, but no public evidence identified an Israel-specific weapons supply agreement. Historical capability disclosures must not be treated as proof of Israeli shipments, and pre-acquisition activities cannot automatically be attributed to Berkshire. No public evidence identified Berkshire machinery at a specific settlement-construction or demolition site, an identified IDF base-services contract, or an export-control violation arising from Ray-Q’s sourcing case study.^{1, 11, 7, 24, 21, 25}

Named Entities and Evidence Map

Digital: Digital

Mechanism of Involvement

The verified technology relationship is GUARD’s March 2019 announcement of a partnership with Planck, independently identified as a Tel Aviv-based startup. The intended application was commercial-insurance underwriting: generating information from online and offline sources using a business name and address. This establishes an Israeli-origin commercial AI relationship, with no public evidence identified of a qualifying military, intelligence or settlement digital deployment.^{12, 13}

ISCAR’s Israeli engineering and manufacturing operations and TTI’s electronics distribution are also documented. Neither industrial engineering nor general military/aerospace market exposure independently establishes surveillance software, offensive cyber, military AI or government cloud provision.^{1, 11, 5}

Counter-Arguments and Evidence Limits

The strongest defence is the application’s civilian character and the absence of a documented coercive digital beneficiary. GUARD’s announcement does not identify biometric recognition, predictive policing, intelligence targeting, intercepted communications or occupied-territory surveillance data. No public evidence identified Planck underwriting technology supplied by GUARD to Israeli military institutions or settlement authorities.^{12, 13}

The sources do not establish current contractual status, expenditure, deployment architecture or customer-data processing location. Planck’s Israeli business connection cannot establish Israeli hosting or state access. No public evidence identified Berkshire participation in Project Nimbus, an Israeli sovereign-cloud operation, an offensive-cyber platform, or a named military surveillance deployment. Corporate-origin and acquisition records concerning unrelated technology vendors do not establish Berkshire procurement.^{1, 4, 12, 13}

The fixed Digital 0.00 preserves these limits. The civilian relationship remains part of the documentary record without being escalated into an unsupported digital-complicity claim.

Named Entities and Evidence Map

Economic: Economic

Mechanism of Involvement

The principal mechanism is direct, continuing control of a substantial Israeli manufacturing business. Berkshire’s July 2006 acquisition of 80% of IMC implied approximately $4 billion consideration against a $5 billion enterprise valuation. It purchased the remaining interests for $2.05 billion on 29 April 2013. These were completed ownership transactions, not merely reportable minority securities positions.^{2, 3}

ISCAR’s Tefen headquarters, Israeli corporate domicile and manufacturing presence are documented. Berkshire identifies IMC as one of the three largest multinational manufacturers of consumable precision carbide cutting tools, serving automotive, aerospace, engineering and machinery customers. Israel is a principal production country and regional warehouse location within an international manufacturing and distribution network.^{1, 4, 11}

Continuity is established beyond the original acquisitions. The 2025 filing states that a large portion of IMC products are manufactured in Israel and that regional conflicts had not significantly affected those operations; the June 2026 interim filing continued to describe substantial Israeli manufacturing. IMC’s worldwide revenue was approximately $4.1 billion in 2025, compared with $3.9 billion in 2024.^{1, 22}

Counter-Arguments and Evidence Limits

The strongest defence is that these are documented industrial operations with civilian customer markets, without a verified settlement or ISCAR-specific military procurement nexus. No public evidence identified a named ISCAR settlement factory, warehouse, dealership or settlement-specific sale. No public evidence identified a dated Israeli government or IDF procurement contract attributable to ISCAR.^{1, 4, 11}

Worldwide IMC revenue cannot be presented as Israeli domestic turnover or Israeli-origin output. No public evidence identified current audited Israeli employment totals, specific tax payments, PTE benefits, government grants or quantified outbound dividends. Complete ownership establishes potential distribution channels, not actual profit-transfer amounts.^{1, 4, 3, 15}

The integrated record also requires care with negative findings. The economic audit did not establish material sovereign-bond exposure, but the political audit documents GUARD holdings historically in 2018. Conversely, those historical holdings cannot establish a material current position. The economic audit’s failure to verify a second Israeli operating-company acquisition does not negate the military audit’s documented TTI/Ray-Q acquisition.^{5, 6, 20, 10}

Named Entities and Evidence Map

Political: Political

Mechanism of Involvement

The strongest affirmative evidence concerns sovereign-debt promotion and historical investment. Israel Bonds’ June 2018 publication reports Buffett’s personal holdings and participation in three fundraising gatherings attracting $290 million in investments and investment intentions. The June event accounted for a reported $80 million within that aggregate; these figures must not be added together. The organiser also reproduced favourable remarks about Israel and identified Israeli officials among attendees.¹⁰

The same publication reported that GUARD held Israel Bonds following Berkshire’s 2012 acquisition of the insurer. This is a subsidiary investment finding distinct from Buffett’s personal conduct. The distributor describes the instruments as investments in State of Israel debt, rather than donations, and identifies Development Corporation for Israel as the exclusive US underwriter.^{10, 18}

Buffett’s corporate significance is documented through his former executive leadership and March 2026 controlling-shareholder disclosure. Governance subsequently changed: Howard Buffett became Chairman on 18 September 2026, Warren became Chairman Emeritus while remaining a director, and Abel continued as CEO. The succession itself establishes no additional Israel-related political act.^{16, 17}

Counter-Arguments and Evidence Limits

The strongest defence is temporal and attributional. The fundraising evidence concerns concluded events ending in 2018. The reported $290 million includes investment intentions and third-party participation; it is not a verified Berkshire expenditure, donation or Buffett personal contribution. Current personal and GUARD holdings, maturities and redemptions remain unknown. No public evidence identified continuation of those specific appearances after 19 July 2024.¹⁰

No public evidence identified attributable corporate donations to FIDF, JNF/KKL or named settlement organisations, settlement-expansion endorsement, or Berkshire lobbying specifically seeking settlement, anti-BDS or Israel-Palestine sanctions legislation. No public evidence identified employee punishment for pro-Palestinian expression or suppression of an Israel-Palestine shareholder resolution. The audits’ absence findings should not be converted into affirmative conduct.^{1, 16, 11}

Berkshire and ISCAR were not identified in the reviewed historical 2020 settlement list. That is limited screening evidence, not clearance against every subsequent list or subsidiary. The reported September 2026 database update does not establish a Berkshire listing. Likewise, no identified corporate ceasefire statement establishes neither support for military action nor a political motive. Howard Buffett Foundation activity must remain separately attributed.^{17, 14, 19}

Named Entities and Evidence Map

Complicity Index Score

Method: V6.6. The following values are fixed, human-vetted results.

• V_MAX: 8.50 Avg_OTHERS: 4.45
• BRS Score: 783 Tier: B (Severe Complicity)

The economic domain supplies V_MAX, supported by complete IMC ownership and substantial continuing Israeli production; the military and political records add identified training procurements, acknowledged component relationships and historical sovereign-financing promotion.^{1, 3, 7, 8, 9, 10} The resulting Tier B assessment preserves the zero digital score and the limits on settlement, weapons-platform and current bond-holding claims. V6.6 is applied here as a scale-free, evidence-only, human-vetted method; the supplied values are reproduced without recalculation or an invented numerical rationale.

Methodology Note

• Evidence scope: This dossier compiles the four supplied domain audits, including their corrective additions. Negative findings describe the reviewed record, not proof that undisclosed activity cannot exist.
• Scale-free dimensions: Impact (I) concerns activity type; Magnitude (M) concerns scale; Proximity (P) concerns directness. Company size or Israeli origin alone does not establish a qualifying act.
• Temporal treatment: Divested or exited operations are mitigated, and historical events remain historical. An accessible announcement does not prove continuing performance; current holdings and deliveries require separate evidence.
• Entity attribution: Subsidiaries, principals and independent foundations are distinguished. Ownership establishes corporate linkage without transitive guilt for unrelated affiliates, former owners or unnamed customers.
• Settlement treatment: A verified settlement operation dual-counts in Economic and Political under the method. No named Berkshire/ISCAR settlement operation was established here.^{1, 4, 11, 14}
• Absence and uncertainty: “No public evidence identified” is used where checks found nothing. Unresolved contract status, unnamed platforms and undisclosed financial quantities remain qualified; more specific affirmative findings are retained when another domain audit supplies them.