AEROSPACE & DEFENSE

The Israeli company has developed a first-person view drone capable of attacking both horizontally and vertically.

Concerned about Turkey, Greece is speeding up negotiations to buy air defense systems from Israel Aerospace and Rafael for €3 billion, according to reports in the country.

The two countries are among the biggest drone exporters in the world and could also find their drones clashing in Syria.

India seeks to manufacture Israel Aerospace Industries Lora missiles and Rafael’s Ice Breaker cruise missiles as part of the Make in India program.

MaxDefense Philippines reports that Elbit continues to train and support the Philippines' drone and UAV program, alongside its subcontractors.

The Singapore Air Force has announced that it has decided to replace the Hermes 450 UAVs, which it procured 20 years ago from Elbit Systems with the newer model Hermes 900.

Orbit Technologies, in which FIMI Opportunity Funds invested $15 million in 2018, is being sold to US company Kratos for $356 million.

Israel Aerospace Industries will convert six Boeing 767 passenger planes to refueling aircraft in a deal worth $906 million.

The missiles will be manufactured by Israel Aerospace’s joint venture in India.

Denmark, which was considering procuring Israel Aerospace Industries Barak MX air defense system, has decided to opt for other solutions.

Sami Katsav’s Israel Weapons Systems and India’s Adani Group’s joint venture PLR Systems will deliver 425,000 CQB carbine assault rifles to the Indian Army.

The Fire Storm is a quadcopter - a four-bladed drone - designed for tactical missions and equipped with a robotic machine gun.

The anti-tank missiles will be produced by Eurospike, Rafael’s joint venture with German companies Rheinmetall and Diehl.

According to local media reports, Philippines army omitted Elbit in a new self-propelled gun system tender, leaving the Czech-made DITA cannon and the French-made CAESAR to compete.

Rafael's Tzvi Marmor talks about integrating the laser system into Israel's air defense, and his company's dedication to maintaining the IDF's technological edge.

Argentina bought 24 F-16 aircraft from Denmark, and Elbit Systems is reportedly in talks to participate in the work of bringing them up to current standards.

UVision has teamed with Maryland-based Mistral Inc. in the multi-year contract for loitering munitions.

Drone incursions at Danish airports have again put IAI's Barak MX system on the Danish Ministry of Defense's radar.

The company has developed handheld, omni-directional systems that deliver continuous, secure voice and data links without the need for massive antennas, heavy infrastructure, or clear sky access.

The meteoric rise in the company's share price has led to huge gains on employees' options, and makes accession to the Tel Aviv 35 Index very likely.

The order comes after a series of cancellations of contracts with Israeli defense companies.

The company is buying cloud management platform company Pelanor for an estimated $20-30 million.

Spain is canceling a deal to procure Litening 5 targeting and navigation pods for 46 Eurofighter Typhoon fighter jets.

Amid growing tensions with Turkey, Cyprus has deployed Israel Aerospace Industry's Barak MX, the "Army Recognition" website reports.

The Trump administration is seeking congressional approval for the sale of arms to Israel worth nearly $6 billion, "The Wall Street Journal" reports.

The deal includes Elbit Systems PULS rocket launch system, and a full range of munitions worth around €700 million, "eKathimerini" reports.

The laser air defense system is due to become operational before the end of the year.

Philippines Minister of Defense Gilbert Teodoro says his country will stop buying arms from Israel.

Most of the investment is coming from overseas investors, with only a small amount from Israeli investors.

The Spanish Ministry of Defense has decided to cancel the procurement of the Israeli company's PULS artillery system, according to reports in the Spanish media.