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AEROSPACE & DEFENSE

Israel Aerospace aircraft maintenance Credit: IAI IAI Q1 net profit jumps 86%

First quarter sales grew by 18% to $1.2 billion, and the company's orders backlog reached $14 billion.

IAI Alpha Radar System Credit IAI IAI, Hyundai to supply Philippines with naval radar systems

Israel Aerospace Industries (IAI) and Hyundai Heavy Industries have signed an agreement to supply the Philippine Navy with IAI’s ALPHA 3D Radar Systems.

F-35 Credit: Lockheed Martin Israel ranked as world's eighth largest nuclear power

According to a report published by the American Federation of Scientists, Israel has 90 nuclear warheads.

Qumra Capital   credit: PR Qumra Capital makes bid for NSO unit Convexum

Qumra Capital has submitted an offer to Convexum's trustee to inject tens of millions of dollars into the drones defense technology company.

Eytan Stibbe   credit: Ori Burg Israeli astronaut Eytan Stibbe reaches Int'l Space Station

Businessman and former Air Force pilot Stibbe is part of the first commercial space mission by Axiom Space.

German Chancellor Olaf Scholz Photo: Shutterstock Germany to arm UAVs leased from Israel

The German government has decided to arm the unmanned aerial vehicles (UAVs) that it leases from Israel with missiles manufactured in Israel, the German media reports.

Elbit night vision systems Photo: Elbit Systems Israel ranked as world's 10th biggest arms exporter

Israel exported 2.4% of the total weapons systems exported in 2021, reports the Stockholm International Peace Research Institute (SIPRI).

Bezhalel Machlis  credit: Assaf Shilo/Israel Sun Elbit Systems posts "solid year"

CEO Bezhalel Machlis: We're well positioned to benefit from the growth in the defense sector around the world.

Iron Dome Photo: Tamar Matsafi UAE, Bahrain, Morocco seek Israeli missile defense systems

Iron Dome, the Green Pine radar system and the Arrow system for defense against ballistic missiles, were mentioned at the Negev foreign ministers summit as possible procurements.

Arrow 3 Photo: Ministry of Defense German delegation in Israel to discuss Arrow procurement

Bundestag defense committee chair Marie-Agnes Strack-Zimmermann told DPA, "The Israelis have working systems and everything must be done quickly."

Elbit Systems SIGMA howitzer  credit: Elbit Systems Elbit Systems wins $130m artillery munitions deal

Elbit Systems will build a turnkey industrial complex for enhanced manufacturing of artillery munitions for an Asia-Pacific country.

Chancellor Olaf Scholz on visit to Israel's Knesset  credit: Amit Shabi, Yedioth Aharonoth Germany mulls buying Israel's Arrow 3 - report

According to "Bild am Sonntag", Chancellor Olaf Scholz has discussed procuring Israeli missile defense systems.

SkyKeeper Battlespace Management System Photo: IAI-Lockheed Martin IAI teams with Lockheed Martin on ground based air defense

Israel Aerospace Industries and Lockheed Martin have agreed to jointly promote a system. centered around the Lockheed Martin UK SkyKeeper and the BARAK MX system.

German Leopard tank Photo: Joel Tangren, Swedish Army Elbit wins Swedish tank ammunition deal

The Israeli defense electronics company has been awarded a contract worth $27 million by the Swedish Defense Materiel Administration, to provide ammunition for its Leopard Main Battle Tanks.

Defense Minister Benny Gantz with Rafael's laser system  credit: Ministry of Defense Defense Minister gives go-ahead for laser air-defense system

NIS 500 million will initially be invested in the joint development by Rafael and Elbit Systems.

Boaz Levy Photo: IAI Israel Aerospace Industries posts best ever year

IAI's Sales and profits rose in 2021 for the third successive year, and CEO Boaz Levy estimates that its equity offering will take place in the third or fourth quarter.

Elbit Battle Management System Photo: Elbit Elbit to provide battle management system to Canada

The project requires the delivery of a digitalized information-based system for air situational awareness and enhanced airspace coordination.

Israel Aerospace Heron Mark II UAV Photo: PR Israeli defense companies ready for sales boom

Russia's invasion of Ukraine has increased demand for advanced technology weapons, especially combat drones, loitering munitions and missile defense systems.

RADA radar mounted on US army vehicle Photo: US Army Israeli defense electronics co RADA could be up for sale

After its share price has risen 2,500% in six years, "Globes" has learned that the company has appointed an investment bank to explore options.

Michael (Mikey) Federmann  credit: Tamar Matsafi As Europe rearms, an opportunity for Elbit

Israeli defense company Elbit Systems' share price has jumped as investors anticipate higher sales in Europe prompted by Russia's invasion of Ukraine.

Tavor rifle  credit: Einat Lavron Samy Katsav to float defense group at NIS 1.5b valuation

Among the group companies is small arms firm IWI, acquired from Israel Military Industries, which now employs over 500 people.

South Korea's Redback Photo: Hanwha Defense Elbit, Rafael to profit from Korea’s Redback armored vehicle

The South Korean army has begun operational performance trials of its new Redback infantry fighting vehicle, which contains systems from Israeli defense electronics companies Elbit and Rafael.

Elbit night vision systems Photo: Elbit Systems Investment law amendment costs Elbit $80m

The defense electronics company reported that its upcoming financial statement will include a one-time expense due to an amendment to Israel's Law for the Encouragement of Capital Investments.

Protective Dome in action  credit: Ministry of Defense spokesperson Israel successfully tests naval version of Iron Dome

From the Israel Navy's Sa'ar 6 corvette INS Magen, Protective Dome successfully intercepted rockets, cruise missiles, and UAVs.

Skylark 3 Photo: Elbit Systems Elbit unveils small tactical hybrid propulsion drone

The Skylark 3 Hybrid offers up to 18 hours of operations, with no change to size or weight, thus significantly increasing mission effectiveness and cutting costs.

BARAK-MX Photo: IAI website IAI agrees $500m missile defense systems deal with Morocco

Israel Aerospace Industries will provide the Moroccan military with the Barak MX air and missile defense system.

Nafatali Bennett  credit: Haim Zach, GPO Bennett: IDF will have laser rocket interceptor within a year

"If a rocket can be intercepted with a pulse of electricity that costs a few dollars, we nullify Iran's ring of fire on our borders."

Elbit Systems space telescope Photo: Elbit Systems Elbit wins Weizmann Institute space telescope contract

Elbit Systems will provide the Weizmann Institute with the telescope as part of Israel’s Ultraviolet Transient Astronomy Satellite (ULTRASAT) program to observe and research deep space.

Israel signs for ThyssenKrupp submarines Photo: Ariel Hermoni, Defense Ministry Israel signs €3b ThyssenKrupp submarine deal

The German government will finance 20% of the cost, much lower than its previous subsidies.

Israel Navy submarine  credit: IDF spekesperson Is a wind of change blowing from Berlin to Jerusalem?

The terms of the latest submarines deal appear to indicate a weaker commitment to Israel's security by the new German government.

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