Tanks were first used in warfare during World War I, in an attempt to break the stalemate created by the trench warfare in the West. Since their introduction, tanks have evolved in a somewhat linear fashion. The guns have become larger, the armor thicker,...
The Israel Aerospace Industries reported it had earned $15 million during the first quarter of 2019. This is $1million more than IAI earned during first quarter of 2018. Sales of the company rose by 13.5% to $1 billion. The growth in sales...
Elbit Technologies announced it received a major order from Switzerland. The order tags Elbit to supply the Swiss Armed Forces with a comprehensive tactical communication solution. The contract has to be ratified by the Swiss Parliament. Elbit did not disclose the exact...
Elbit Gun Israel’s Defense sales dropped to $7.5 billion in 2018. This is down 18% from the record $9.1 billion sale of exports in 2017. The most significant drop was from sales to the Asian Pacific region, which dropped 35%, from $5.3 billion...
Today has been a very good day for Israel Aerospace Industry. The Israeli Ministry of Defense announced that Israel and the United States completed three extremely successful tests of the Arrow anti-missile system in Alaska, in which the system directly hit three...
Elbit reported positive results for the first quarter of 2019. It was the first quarter that included the full consolidation of Israel Military Industries and Universal Avionics in its reporting, and as such, sales were clearly up.  However, IMI’s lower margins resulted...
The Indian Army is about to make an emergency purchase of 240 Spike anti-tank missiles and 10 launchers from Rafael. The value of this acquisition is expected to be in the tens of millions of dollars. The Army had initially wanted to...
Bet Shemesh Engines announced it has signed a new $800 million contract with Pratt and Whitney Canada, to provide parts for P&W’s engines. The new agreement will last until 2039.  P&W Canada is a separate subsidiary of US-based Pratt & Whitney that...
Airbus A 400M Elbit Systems Ltd. announced it has been awarded an approximately $73 million contract from Diehl Defense GmbH & Co. KG (“Diehl Defense”) to provide J-MUSIC™ Directed Infrared Counter Measure (DIRCM) systems for the German Air Forces’ Airbus A400M aircraft. The...
Elbit reported second quarter results today which reflected an increase in revenue of nearly 20% from the second quarter of 2018. Most of the increase reflects the integration of Israel Military Industries  It reported having a backlog of $9.8 billion in orders.