AEROSPACE & DEFENSE

An Israeli delegation of 20 companies is taking part this week in the biennial DSEI international defense exhibition in Japan.

The laser missile defense system will be managed by the newly established Energy Warfare Administration in Rafael's Land and Naval Systems Division.

The backlog grew by $500 million in the first quarter to $23.1 billion.

Israel Aerospace Industries and Phoenix Underwriting have made a debt settlement proposal that will leave the former in control of the satellite company.

Trophy is designed to enhance the defense capability of tanks and armored vehicles against anti-tank missiles, UAVs, and other threats.

Having signed a huge NIS 14 billion deal to buy the Arrow 3, Germany is now eager to procure the Arrow 4, which is under development, "Hartpunkt" reports.

Pakistan claims intercepting 12 of the Israel Aerospace Harop drones launched into their territory by India.

Exclusive: Costing $1.5 million each, Lockheed Martin's JASSM cruise missile carries a 450 kilogram armor piercing warhead, and could be used to attack Iran.

To protect its territorial waters from Turkey, Greece could buy Israel Aerospace Industries Blue Whale autonomous underwater vehicles, Greek website "Epikaira" reports.

According to the Stockholm International Peace Research Institute, this was the largest jump in Israel's military expenditure since the Six Day War of 1967.

The aim of the all-Israeli collaboration is to create a synergy of proven capabilities in a world where drones have become a major threat.

Due to President Emmanuel Macron's antagonism, Israel is reducing its presence at the exhibition, Ministry of Defense International Defense Cooperation Directorate (SIBAT) head Yair Kulas tells "Globes."

UVision's partnership with Rheinmetall and IAI's partnership with MBDA will help equip the German Army with an arsenal of loitering munitions.

The reduction to zero for overseas procurement from US military aid and the cancelation of reciprocal procurement will hurt defense companies, which unlike IAI, Elbit and Rafael, do not have US subsidiaries.

The Israeli aerospace company's share price has risen 27.9% since the start of 2025.

The Israel defense electronics company will supply its advanced UT30 MK2 unmanned turret systems to General Dynamics European Land Systems (GDELS) to be supplied to a NATO European country.

The Israeli defense company's share price has risen 250% in the past three years since FIMI Opportunity Funds acquired control.

Amid rising regional tensions the US is bolstering Israel's air defense, Saudi state-owned TV channel Al Arabiya reports.

The Israeli company's virtual reality platform includes 50 AI generated scenarios, seven maps and even situations for operating night vision.

"I was close to death, but it sharpened my awareness of the products we develop for the IDF."

MDA Space will pay $269 million for the Israeli company, including taking on a $76 million debt and a 75% premium on SatixFy's closing price on Nasdaq yesterday.

The order is for the supply of rockets for Elbit's Precise and Universal Launching System (PULS), which has an effective range of up to 300 kilometers.

In presenting record financial results for 2024, Yoav Turgeman tells "Globes" that the high energy laser weapon system will be operational this year.

Ishay Davidi told the Globes "Going Long on Israel" Conference that investors who pulled out of Israel after October 7 have begun returning in large numbers.

Under the current proposal, the €150 billion loan fund can be used only for procurement within Europe.

Bezhalel Machlis was speaking at an investor conference after the company released 2024 results showing revenue up 14.3%.

A British hedge fund has bought a 2.5% stake in the stabilized cameras company.

In response to the events of October 7, Kela has developed a platform for rapid integration of commercial technologies into military systems.

The minister in charge of the Government Companies Authority, David Amsalem, has approved the payment by the defense company.

Israel Aerospace Industries posted a net profit of $493 million for 2024, and ended the year with an all-time high orders backlog of $25 billion.