Ownership as documented
Elbit subsidiary (as reported)
Description
Elbit subsidiary reported as suspended alongside Elbit by NATO NSPA in December 2025.
Contracts and money
Figures recorded for the cases linked to this organisation. A figure here is not necessarily paid to or by this organisation; check payer and payee.
Reported secret Elbit contract value (lower end of Kapitali range)
€400,000,000
Incomplete figurecontractSource label: Under investigationStated definition: incomplete: Kapitali estimate range 400-600 million euros; not officially confirmed; some sources cite up to about one billion. Single figure shown is the lower bound.
Date: 10 Dec 2025 · Payer: Albanian government (per reporting) · Payee: Elbit Systems (per reporting)
- Detajet: marreveshja e KAYO me kompanine izraelite (Kapitali report, BalkanWeb) (opens in a new tab)BalkanWeb / Kapitali.al · 10 Dec 2025 · journalism · SQ
Two budget payments to Timak Defence (claimed)
€10,500,000
paymentSource label: Under investigationStated definition: Total of two payments as reported by Kapitali; payment documents not retrieved.
Date: Dec 2025 · Payer: Albanian state budget (per Kapitali) · Payee: Timak Defence
- Detajet: marreveshja e KAYO me kompanine izraelite (Kapitali report, BalkanWeb) (opens in a new tab)BalkanWeb / Kapitali.al · 10 Dec 2025 · journalism · SQ
Timak Defence tender from Defence Ministry (claimed by Balliu)
€10,000,000
tenderSource label: UnverifiedStated definition: approximate, as stated by opposition figure Balliu; not verified.
Date: 2026 · Payer: Ministry of Defence (Albania, claim) · Payee: Timak Defence (claim)
- Timak got 10 mln euro from Defence Ministry, Balliu says (BalkanWeb) (opens in a new tab)BalkanWeb · 2026 · journalism · SQ
Investment transfers to R&I Trading by Mark Faist (plaintiff claim)
No amount recorded
paymentSource label: UnverifiedStated definition: USD 8,611,676.50 transferred; USD 1,000,000 repaid May 2025; unpaid balance USD 7,611,676.50 (per plaintiff's filing as reported). Not a KAYO payment; placed here as a related Yeffet financial claim.
Date: May 2025 · Payer: Mark Faist · Payee: R&I Trading (linked to Ron Yeffet)
- Mark Faist lawsuit against Ron Yeffet and R&I Trading (BalkanWeb, Panorama documents) (opens in a new tab)BalkanWeb / Panorama Online · 2025 · journalism · SQ
Officials and people linked
No person is linked to this organisation in the research.
Investigations and cases
Sorted by reported money, then by linked people and their legal status. The money figure is the largest single reported figure, not a total.
From Jun 2025
KAYO, Elbit Systems and Ron Yeffet arms arrangements (Albania)
Albanian state defence company KAYO has reportedly concluded arrangements with Israeli defence company Elbit Systems (artillery, mortars, drones, production facility, aviation academy in Vlora).…
Status: Under investigation (SPAK searches reported; no charge or court finding found). Contract value not publicly disclosed in any official source found.
Sources for this record
Every source the research cites for this record, grouped by its source label. 1 source.
Source label: Under investigationUnder investigation · 1 source
- Publisher
- The National (Reuters)
- Date
- 8 Dec 2025