The Georgian plant Aero-Structures Technologies — Cyclone, which supplies components for Boeing 787 and Boeing 737 MAX, ended 2025 with revenues of $12.8 million. This is $3.4 million more than the previous year, but the company's expenses still exceeded its income. As a result, the company incurred a loss of $5.1 million.
Cyclone's financial position remains challenging: accumulated losses reached $79 million by the end of 2025. Debts to Elbit Systems–Cyclone amounted to $17.5 million, to the Georgian Development Fund — $11.2 million, and to Georgian commercial banks — $4.5 million. The company also violated the terms of a loan agreement with one of the banks, after which the repayment period for the remaining debt was postponed to 2027.
Auditor BDO Audit expressed a reservation on the financial statements, including due to a lack of supporting information for certain obligations to Elbit Systems–Cyclone. In 2025, the plant supplied Boeing with 240 composite parts, and its staff numbered 165 employees. The Georgian Development Fund owns 66.66% of Cyclone, with Elbit Systems controlling another 33.33%; in July 2026, the fund extended the company's loan repayment period from five to ten years.