AEROSPACE & DEFENSE

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

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

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

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

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

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.

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

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

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.

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

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

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

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.

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.

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

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.

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

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

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.

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

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

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.

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.

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

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.

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

"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 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.

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

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