Target: Blackstone Inc., relevant Blackstone-managed funds, portfolio companies and controlling principals
Evidence cut-off: 25 October 2026
Scope: Defence contracting, military supply chains, weapons-related technologies, military logistics, occupied-territory infrastructure, export controls and documented institutional scrutiny involving Israel.
Direct Defence Contracting & Procurement
Corporate structure and defence-industry transactions
Blackstone is an investment manager with exposure to businesses through managed funds and investment vehicles; relevant investigations must distinguish Blackstone Inc., individual funds, portfolio companies and independently operated investees.1
On 2 October 2026, law firm Simpson Thacher confirmed that Blackstone had invested to establish Falcata, a defence technology company formed through its acquisitions of Technology Services Corporation (TSC) and Applied Systems Engineering, Inc. (ASEI); transaction values were not disclosed.1
Morrison Foerster independently confirmed on 8 October 2026 that it advised Blackstone on the creation of Falcata, including government-contracting and national-security matters.2
Falcata’s disclosed activities include technologies supporting missile defence and other national-security missions; the transaction advisers describe the investment as strengthening the American defence industrial base.1, 2
Israeli Ministry of Defense and security-force contracts
No public evidence identified of a specific Blackstone, Falcata, TSC or ASEI contract with the Israeli Ministry of Defense, Israel Defence Forces, Israel Prison Service or Israeli Border Police.
No public evidence identified of an IMOD framework agreement, named Israeli military procurement award, military-service agreement or Israeli security-force memorandum involving Blackstone.
Israeli defence trade directories
No public evidence identified of a verified Blackstone, Falcata, TSC or ASEI entry in an official SIBAT directory linked to an Israeli state contract.
Israeli commercial partnerships
Blackstone established a Tel Aviv office in 2021, appointing Yifat Oron to lead its Israeli investment activities, with former Israeli ambassador Dan Gillerman identified in contemporary reporting as chairman of Blackstone Israel.3
On 18 December 2025, Simpson Thacher confirmed a Blackstone strategic partnership with Israeli financial-services company Phoenix Financial involving corporate, real-estate and asset-based credit strategies; the agreement contemplates Phoenix investments of up to $5 billion.4
Phoenix Financial’s corporate media archive also records the partnership announcement in December 2025.5
The disclosed Phoenix agreement establishes a financial investment relationship; its documented terms do not identify an Israeli military customer, weapons manufacturer or defence procurement programme.4
No public evidence identified of a direct Israeli defence procurement contract arising from the Phoenix partnership.
Dual-Use Products & Tactical Variants
Purpose-built defence technology
Falcata’s October 2026 transaction documentation identifies sensing, guidance, navigation and control technologies used in missile-defence and national-security applications; these include technologies with direct military applications.1
The company’s described interceptor guidance and control activities fall within the scope of weapons-related technology, although no named Israeli end-user or weapons programme was identified in the transaction disclosures.1, 2
General-purpose cybersecurity
On 8 January 2026, Cyera announced that funds managed by Blackstone led a $400 million Series F financing round; Cyera describes its products as AI-related enterprise data-security technology.6
On 2 September 2026, Calcalist reported that Blackstone led a $27 million funding round for Israeli cybersecurity company Huskeys, whose product manages web-application firewalls and internet security infrastructure.7
Globes independently reported the Huskeys financing and identified its commercial purpose as managing and securing enterprise internet traffic through a platform integrating existing web-application firewall systems with broader network-edge security management.8
Ynet likewise described Huskeys as a provider of security technology for AI-related internet traffic, with founders Itai Gafni and Roy Weisfeld identified as former members of Israeli military intelligence Unit 8200.9
Huskeys’ own newsroom documents the September 2026 Blackstone investment and describes subsequent development of its network-edge security products.10
Calcalist’s March 2026 report described Huskeys’ earlier $8 million seed financing and its AI-based approach to improving existing web-application firewall rules.11
The disclosed Huskeys technology concerns commercial cybersecurity and network management; the reviewed product descriptions do not identify autonomous targeting, weapons guidance, fire-control functions or other purpose-built kinetic military effects.7, 10, 11
Enterprise software
Blackstone’s Israeli investment activities have also included Priority Software, an enterprise resource-planning software business; October 2026 reporting identified Blackstone representatives participating in Priority’s technology summit.12
The same October 2026 report named former Mossad director David Barnea as a speaker and identified his then-current association with Ondas Defense, but did not report an Israeli military procurement agreement between Priority and Blackstone.12
Military-specified sales and export certification
No public evidence identified of a military-specific variant of Huskeys, Cyera or Priority Software sold to the IDF or IMOD.
No public evidence identified of an Israeli military end-user certificate for these investments.
No public evidence identified of an Israeli export licence for Falcata, TSC or ASEI.
No public evidence identified that a Blackstone-controlled entity supplied general-purpose software modified specifically to perform kinetic targeting or weapons-integration functions for Israeli security forces.
Heavy Machinery, Construction & Infrastructure
Occupied-territory equipment
No public evidence identified of Blackstone-controlled construction equipment, vehicles or demolition machinery being supplied for settlement construction, military demolitions or separation-barrier works in the occupied West Bank, including East Jerusalem, or the occupied Golan Heights.
No public evidence identified of a Blackstone-controlled machinery manufacturer receiving a specific Israeli military or settlement-infrastructure procurement award.
Direct, distributor and secondary-market supply
No public evidence identified of a named Blackstone-controlled distributor supplying machinery to an Israeli settlement authority, military engineering unit or contractor for occupied-territory infrastructure.
No public evidence identified of a documented secondary-market transfer of Blackstone-controlled heavy equipment to an Israeli military end-user.
Construction and engineering contracts
No public evidence identified of Blackstone or an identified controlled portfolio company constructing, maintaining or expanding Israeli military checkpoints, detention facilities, military bases, separation-barrier infrastructure or settlement roads.
Settlement-business database context
During the UN Human Rights Council’s September 2025 consideration of the updated OHCHR settlement-business database, OHCHR described its review of hundreds of submissions concerning businesses alleged to have direct physical connections with occupied land, including construction and related activities.13
The UN transcript establishes the database’s investigative scope and review methodology but does not itself identify Blackstone as one of the listed enterprises.13
No verified Blackstone-specific settlement-database entry was identified in the accessible material reviewed.
Supply Chain Integration with Defence Primes
Israeli defence manufacturers
No public evidence identified of a verified Blackstone, Falcata, TSC or ASEI component-supply agreement with Elbit Systems, Israel Aerospace Industries, Rafael Advanced Defense Systems or IMI Systems.
No public evidence identified of a named Blackstone-controlled supplier of guidance systems, optical components, radar electronics or propulsion systems to an Israeli defence prime.
Defence-sector comparators and contract verification
Elbit Systems’ May 2024 SEC-filed announcement identified a $37 million initial contract with General Dynamics Ordnance and Tactical Systems for Iron Fist active-protection systems used on US Army Bradley infantry fighting vehicles; the announcement identified Elbit and General Dynamics as the commercial parties.14
Elbit’s November 2024 SEC-filed announcement described a further $127 million General Dynamics contract for the same US Army vehicle-protection programme.15
Elbit’s January 2026 SEC-filed announcement described a further $228 million contract for Iron Fist systems supporting US Army Bradley upgrades.16
These disclosed contracts identify Elbit Systems as the supplier and General Dynamics as the contracting counterparty; Blackstone is not identified as a participant in the cited contract announcements.14, 15, 16
Joint development and technology transfer
No public evidence identified of a joint weapons-development programme between Blackstone-controlled companies and Elbit Systems, IAI, Rafael or IMI.
No public evidence identified of an Israeli licensed-manufacturing agreement involving Falcata, TSC or ASEI.
No public evidence identified of Blackstone-controlled interceptor, targeting or guidance technology being transferred to an Israeli defence manufacturer.
Financial investment versus component supply
An Israeli investment database records Blackstone participation in 2026 financing rounds involving Cyera and Huskeys; its identified portfolio entries concern cybersecurity rather than named military hardware suppliers.17
The database’s partial investment coverage does not establish the absence of other holdings or supply-chain connections.17
Logistical Sustainment & Base Services
Military installations and support services
No public evidence identified of Blackstone or an identified controlled portfolio company providing contracted catering, transport, fuel, telecommunications, waste management or facilities maintenance to an IDF base or Israeli military installation.
No public evidence identified of a Blackstone-controlled contractor servicing Israeli detention centres, military training facilities or military installations in occupied territories.
Military logistics and geographic scope
No public evidence identified of a verified Blackstone service contract involving an Israeli military installation in the West Bank, East Jerusalem, Golan Heights or Negev.
No public evidence identified of a Blackstone-controlled logistics service operating specifically for Israeli military deployments or occupation-related military infrastructure.
Shipping, freight and ports
No public evidence identified of a verified Blackstone-controlled freight-forwarding, shipping or port-handling contract specifically involving Israeli arms shipments or military cargo.
No public evidence identified of a named Blackstone-controlled intermediary providing dedicated logistical sustainment services for Israeli weapons systems.
Munitions, Weapons Systems & Strategic Platforms
Weapons-related industrial participation
In October 2026, Blackstone established Falcata by combining TSC and ASEI; the transaction advisers identify Falcata as a developer and producer of sensing, guidance, navigation and control technologies for missile defence and other national-security missions.1, 2
The disclosed activities place the acquired businesses within military systems and weapons-component supply chains, including interceptor-related technologies.1
The transaction documentation does not identify a specific Israeli defence customer, Israeli weapons programme or Israeli export destination.1, 2
Lethal systems manufacturing
No public evidence identified of Blackstone directly manufacturing complete small arms, artillery, armoured vehicles, warships or lethal drones for the Israeli military.
No public evidence identified of a Blackstone-controlled manufacturer delivering a complete lethal weapons platform to the IDF.
Munitions and precursors
No public evidence identified of Blackstone or a verified controlled subsidiary supplying ammunition, explosive ordnance, propellants, warhead components or munitions precursor chemicals to Israeli military customers.
Strategic and missile-defence systems
Elbit Systems’ January 2026 SEC disclosure identifies Iron Fist as an active-protection system and describes its role in US Army Bradley vehicle upgrades; Blackstone is not named in that contract announcement.16
No public evidence identified of Falcata, TSC or ASEI components being incorporated into Israel’s Iron Dome, David’s Sling or Arrow systems.
No public evidence identified of a Blackstone-controlled supplier providing components specifically for Israeli fighter aircraft, main battle tanks, naval weapons systems or ballistic missiles.
Autonomous targeting and kinetic military AI
No public evidence identified of a Blackstone-controlled company supplying the IDF with purpose-built autonomous targeting, fire-control AI, kill-chain automation or software specifically designed to select targets for kinetic attack.
The documented Huskeys and Cyera investments involve enterprise cybersecurity and data security, without evidence in the reviewed disclosures of purpose-built kinetic targeting applications.6, 7, 11
Export Licensing, Regulatory & Legal History
Corporate securities disclosures
Blackstone Inc.’s SEC Form 13F filing index records a February 2026 filing covering reportable securities holdings as of 31 December 2025.18
The associated SEC securities information table provides a public starting point for examining reportable positions, but the existence of a securities filing does not by itself establish defence-sector ownership or an Israeli military supply relationship.19
No Blackstone-specific Israeli defence export transaction was verified from the reviewed filings.
Export licensing
No public evidence identified of a documented US, UK or EU export-licence approval, denial, suspension or revocation specifically relating to a Blackstone-controlled company’s supply of military products to Israel.
No public evidence identified of an Israeli end-user certificate involving Falcata, TSC or ASEI.
Embargoes and sanctions
No public evidence identified of a sanctions-enforcement proceeding concerning Blackstone’s supply of arms to Israeli military end-users.
No public evidence identified of an export-control enforcement penalty imposed on Blackstone specifically for defence trade with Israel.
Legal proceedings
No public evidence identified of a judicial review or court proceeding establishing a Blackstone-controlled company’s military supply relationship with Israel.
No public evidence identified of a Blackstone-specific court order requiring termination of an Israeli military supply contract.
Constructive-notice dates
The December 2025 Blackstone–Phoenix partnership, January 2026 Cyera financing, September 2026 Huskeys financing and October 2026 Falcata transaction all occurred after 19 July 2024 and November 2024; their disclosures establish continued commercial investment activity but do not themselves establish Israeli military supply.4, 6, 7, 1
Civil Society Scrutiny & Documented Investigations
UN and specialist NGO scrutiny
The UN Human Rights Council’s September 2025 session addressed OHCHR’s updated database of businesses involved in settlement-related activities; the OHCHR presentation explained that the review considered alleged direct physical links to occupied territory.13
No Blackstone-specific listing, military-supply finding or named occupied-territory construction contract was verified in the accessible UN evidence reviewed.
No public evidence identified of a substantiated Blackstone-specific Israeli military contract in the accessible Who Profits, AFSC, PAX, Al-Haq, Amnesty International or Human Rights Watch research reviewed through live search.
Controlling principals and former military service
A September 2021 Jerusalem Post interview identified Yifat Oron as head of Blackstone’s Israeli operations and described her previous service in the Israeli Ministry of Defense’s research and development directorate.20
The Milken Institute’s 2026 biography independently identifies Oron as a Blackstone senior managing director and confirms that she previously held the rank of lieutenant in the Israeli Ministry of Defense’s Economics, Budget and Control Department within its Directorate of R&D.21
The documented Ministry of Defense employment preceded Oron’s Blackstone appointment in 2021; the cited biographies do not identify an ongoing procurement role with the ministry.20, 21
Contemporary 2021 reporting identified Dan Gillerman, a former Israeli ambassador to the United Nations, as a senior Blackstone adviser in Israel and chairman of its Israeli operations.3
September 2026 reporting identified Huskeys founders Itai Gafni and Roy Weisfeld as former Unit 8200 personnel; their disclosed commercial product provides general-purpose cybersecurity services.9, 22
October 2026 reporting placed Blackstone representatives and former Mossad director David Barnea among speakers at a Priority Software industry event; the report described Barnea’s subsequent role at Ondas Defense.12
No public evidence identified of a Blackstone director or named controlling principal holding a concurrent Israeli military procurement position through which Blackstone obtained a verified defence contract.
Donations and philanthropy
On 12 October 2023, eJewishPhilanthropy reported an internal Blackstone email announcing approximately $7 million in humanitarian pledges connected to Israel, comprising a proposed $3 million contribution from the Blackstone Charitable Foundation, $1 million each from Stephen Schwarzman and Jonathan Gray, and approximately $2 million from other senior partners.23
The report concerns announced humanitarian assistance and does not establish that the pledged funds were paid to the IDF, Friends of the IDF or an Israeli military procurement organisation.23
No public evidence identified of a verified Blackstone corporate donation directly funding Israeli weapons procurement or an IDF military unit.
Boycott, divestment and institutional pressure
No public evidence identified of a specific completed institutional divestment from Blackstone demonstrably attributed to a verified Blackstone–Israeli military supply contract.
No public evidence identified of a Blackstone-specific shareholder resolution requiring termination of an identified Israeli defence procurement agreement.
Corporate responses
No public evidence identified of Blackstone publicly terminating a verified Israeli military supply contract in response to an NGO investigation or boycott campaign.
No public evidence identified of a Blackstone-specific end-use monitoring commitment covering Israeli military recipients of Falcata, TSC or ASEI technologies.
No public evidence identified of a Blackstone announcement discontinuing an Israeli military procurement relationship after 19 July 2024 or November 2024.
Footnotes
-
Simpson Thacher & Bartlett LLP, “Blackstone Investment Launches Falcata,” 2 October 2026. https://www.stblaw.com/about-us/news/view/2026/10/02/blackstone-investment-launches-falcata ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9
-
Morrison Foerster, “MoFo Advises Blackstone on Creation of Falcata,” 8 October 2026. https://www.mofo.com/resources/news/261008-mofo-advises-blackstone-on-creation-of-falcata ↩ ↩2 ↩3 ↩4 ↩5
-
Globes, “Blackstone opens Israel office,” 25 April 2021. https://en.globes.co.il/en/article-blackstone-opens-israel-office-1001368706 ↩ ↩2
-
Simpson Thacher & Bartlett LLP, “Blackstone Announces Strategic Partnership With Phoenix Financial,” 18 December 2025. https://www.stblaw.com/about-us/news/view/2025/12/18/blackstone-announces-strategic-partnership-with-phoenix-financial ↩ ↩2 ↩3
-
Phoenix Financial, corporate media and press-release archive, accessed October 2026. https://phoenixfinancial.co.il/media/ ↩
-
Cyera, “Cyera Raises $400M to Meet Rapidly Growing Demand for AI Security Among Enterprises,” 8 January 2026. https://www.cyera.com/press-releases/cyera-raises-400m-to-meet-rapidly-growing-demand-for-ai-security-among-enterprises ↩ ↩2 ↩3
-
Calcalist/CTech, “Blackstone leads $27 million investment in Israeli cyber startup Huskeys,” 2 September 2026. https://www.calcalistech.com/ctechnews/article/z6p9lwa7b ↩ ↩2 ↩3 ↩4
-
Globes, “Israeli security management co Huskeys raises $27m,” 2 September 2026. https://en.globes.co.il/en/article-israeli-security-management-co-huskeys-raises-27m-1001554225 ↩
-
Ynet, “Blackstone makes rare cyber bet on Israeli startup Huskeys,” September 2026. https://www.ynetnews.com/business/article/sjd8aobdgl ↩ ↩2
-
Huskeys, company newsroom, September–October 2026. https://www.huskeys.io/newsroom ↩ ↩2
-
Calcalist/CTech, “Huskeys raises $8 million Seed round to fix web security flaws,” 30 March 2026. https://www.calcalistech.com/ctechnews/article/hkjas0dj11l ↩ ↩2 ↩3
-
Ynet, “Israeli tech bets on AI agents to transform business,” October 2026. https://www.ynetnews.com/business/article/r1rwb4inml ↩ ↩2 ↩3
-
United Nations, “32nd Meeting - 60th Session of Human Rights Council,” 29 September 2025, OHCHR presentation concerning the settlement-business database. https://transcripts.un.org/en/hrc/60/32 ↩ ↩2 ↩3
-
Elbit Systems, SEC-filed announcement, “Elbit Systems Awarded $37 Million Contract to Supply Iron Fist APS for Upgrading U.S. Army’s Bradley IFVs,” 5 May 2024. https://www.sec.gov/Archives/edgar/data/1027664/000117891324001569/exhibit_1.htm ↩ ↩2
-
Elbit Systems, SEC-filed announcement, “Elbit Systems Awarded $127 Million Contract to Supply Iron Fist APS for Upgrading U.S. Army’s Bradley IFVs,” 5 November 2024. https://www.sec.gov/Archives/edgar/data/1027664/000117891324003463/exhibit_1.htm ↩ ↩2
-
Elbit Systems, SEC-filed announcement, “Elbit Systems Awarded $228 Million Follow-on Contract to Provide Iron Fist APS for U.S. Army Bradley IFV Upgrades,” 26 January 2026. https://www.sec.gov/Archives/edgar/data/1027664/000117891326000214/exhibit_1.htm ↩ ↩2 ↩3
-
Israeli Founders, Blackstone investor profile and Israeli financing-round database, updated 2 September 2026. https://israelifounders.com/investors/blackstone ↩ ↩2
-
US Securities and Exchange Commission, Blackstone Inc., Form 13F-HR filing index, accession 0001193125-26-054623, filed 17 February 2026. https://www.sec.gov/Archives/edgar/data/1393818/000119312526054623/0001193125-26-054623-index.html ↩
-
US Securities and Exchange Commission, Blackstone Inc., Form 13F securities information table, period ended 31 December 2025. https://www.sec.gov/Archives/edgar/data/1393818/000119312526054623/xslForm13F_X02/50710.xml ↩
-
Jerusalem Post, “Meet Blackstone Israel’s secret weapon,” 12 September 2021. https://www.jpost.com/50-most-influential-jews/yifat-oron-678150 ↩ ↩2
-
Milken Institute, “Yifat Oron,” Global Conference 2026 speaker biography. https://milkeninstitute.org/events/global-conference-2026/speakers/yifat-oron ↩ ↩2
-
Jerusalem Post, “Blackstone leads investment in Israeli cybersecurity firm fighting AI traffic threat,” 3 September 2026. https://www.jpost.com/business-and-innovation/tech-and-start-ups/article-907494 ↩
-
eJewishPhilanthropy, “Blackstone Group pledges $7 million in aid to Israel,” 12 October 2023. https://ejewishphilanthropy.com/blackstone-group-pledges-7-million-in-aid-to-israel/ ↩ ↩2