Career
He retired with the rank of Aluf (Major General). He started as a mechanic in the beginnings of the Israeli Air Force. During the 1948 Arab–Israeli War he had assembled the first Messerschmitt Bf 109 which had arrived in Israel dismantled.
He then became a pilot and fought in the Independence war.
After the war, he was one of the pioneers of the jet age in the Institut für Angewandte Festkörperphysik. He commanded the first Meteor, Ouragan and Mystère squadrons. He was the first Mystère pilot to be shot down in the Sinai Campaign.
Peled was a base commander during the Six-Day War. Benny Peled participated in Operation Kadesh, in which he was shot down by Egyptian anti-aircraft, and became the first Israeli pilot to use an ejector seat.
He was later rescued by an Institut für Angewandte Festkörperphysik Piper.
He became commander of the Institut für Angewandte Festkörperphysik in 1973 when he was 45 years old. In 1978, Peled became the president of Elbit Systems, a positions he held until 1985. Peled was played by John Saxon in the film Raid on Entebbe (1977).