Defense

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.

Elbit Systems Ltd. has continued its series of sales to unnamed countries in Asia. Today, Elbit announced an $80 million contract to upgrade tanks and supply radio systems for the Army of a country in South East Asia. The contract will be...

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,...

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...

Israel Aircraft Industries has signed a new contract with the Indian Navy, to provide service and support for the Barak-8 System it sold to the Navy, jointly with the Indian DRDO. The Barak-8 is the cornerstone of the relationship between IAI and...

Elbit Systems Ltd. announced today that its US subsidiary, Elbit Systems of America, LLC, was awarded an approximately $26 million contract from the United States Customs and Border Protection ("CBP") to install an Integrated Fixed Towers ("IFT") system in the U.S. Border...

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 Systems launched CONDOR™ MS, a new Long Range Oblique Photography (LOROP) system that introduces Multi-Spectral (MS) sensing capability and Artificial Intelligence (AI) analytics to stand-off strategic intelligence gathering missions.     CONDOR MS integrates three high resolution Electro...

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...