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AEROSPACE & DEFENSE

Gilad Erdan  credit: Inbal Marmari Gilad Erdan expected to be next IAI chair

Former ambassador to the UN Erdan is believed to be the candidate favored by Minister of Defense Yoav Gallant to head the state-owned aerospace company..

Spike missile credit: Rafael Netherlands to procure Rafael's Spike LR2 missiles

The Netherlands Army has announced it will procure more than 200 medium-range anti-tank missile launchers for an investment of as much as €250 million.

IMCO propulsion system for armored vehicle credit: Ministry of Defense Publicly traded Israeli defense companies see boom in orders

War at home and abroad has boosted the share prices of defense companies traded on the Tel Aviv Stock Exchange.

Israel Air Force F-35 fighter aircraft credit: IAF UK forced to limit arms export embargo on Israel

Former US national security advisor Robert O'Brien warned that a full arms embargo on Israel could threaten UK company BAE's participation in F-35 aircraft production.

FIMI CEO Ishay Davidi credit: Yonatan Bloom FIMI sells TAT Technologies stake for NIS 129m

Israeli private equity firm FIMI has reduced its stake in the aviation industries company from 51.8% to 26.8%.

Israeli combat troops in Gaza operating a drone credit: IDF Spokesperson Defense Ministry to procure 20,000 Israeli-made drones

The Ministry of Defense is eager to reduce its dependence on Chinese drones. "Globes" looks at the Israeli companies that could bid for the tender.

Spike anti-tank missiles credit: Rafael Spokesperson Rafael CEO: Iron Beam laser air-defense operational next year

The Israeli defense technology company's CEO Yoav Tourgeman tells "Globes" that since the start of the year Rafael has hired more than 1,100 employees.

F-15 fighter aircraft credit: IDF Spokesperson Israel's pre-emptive attack on Hezbollah cost $120m

A senior Israeli defense industry source told "Globes" that $120 million is no small amount but the attack saved much more extensive costs.

Hilla Haddad Chmelnik credit: Rami Zarniger "Israel's air defense can deal with Hezbollah rockets"

Aeronautics and space engineer Hilla Haddad Chmelnik, who helped develop Iron Dome, says Hezbollah has been humiliated and will again try to attack quality targets, strategic sites or densely populated areas.

Bet Shemesh Engines  credit: Revah Hafakot, Wikipedia FIMI cashes in on Bet Shemesh Engines revival

The private equity firm has sold 10% of the company to a group of financial institutions, leaving it with a 25% stake.

Elbit Systems rocket launcher  credit: Elbit Systems Meitav sees large upside in Elbit Systems

Meitav Brokerage analyst Elad Kraus says the Israeli defense company is improving profitability, after years of low margins.

Defense startups credit: Tali Bogdanovsky, Xtend, Smartshooter, Colgo Israeli startups provide IDF with tech advantage

“Globes” looks at five of the main startups with which the Ministry of Defense has been collaborating since the outbreak of the war: Smartshooter, Xtend, Regulus, CopterPIX and Robotican.

Elbit Systems president and CEO Bezhalel Makhlis credit: Assaf Shilo Israel Sun Elbit CEO: Some investors bowed to political pressure

Despite growth in orders, revenue and profit in the first half of 2024, the Israeli defense technology company’s share price has fallen since the start of the year.

F-15 Photo: PR US approves $20b weapons deal for Israel

The lion’s share of the package is advanced F-15IA fighter jets worth $18.82 billion.

Elbit Systems simulation training credit: Elbit Systems Israeli defense firms retain high rankings in world’s top 100

Elbit, IAI and Rafael are again highly placed in the 2024 rankings of “Defense News.”

Amir Peretz  credit: Israel Aerospace Industries IAI enters $1.9b G2G agreement with Ministry of Defense

The payments to IAI for the project will be paid by a third party, through the Ministry of Defense, with the end date of the project scheduled for 2031.

Shaldag assault vessel credit: Israel Shipyards Israel Shipyards set to deliver 2 attack vessels to Philippines

Both vessels will be equipped with Rafael’s MLR-NLOS missile launcher and Spike NLOS electro-optic missiles, MaxDefense reports.

Test of LRAD interceptor  credit: Israel Aerospace Industries Israel Navy tests new interceptor; US upgrades readiness

The LRAD interceptor could see action for the first time in an Iranian attack. Meanwhile, the US has deployed more ships and aircraft in the region.

Elbit Systems president and CEO Bezhalel Makhlis credit: Assaf Shilo Israel Sun Elbit wins $340m Israeli MoD ammunition deal

The Israeli defense technology company will establish a manufacturing facility to produce the ammunition.

A TSG system in tactical use  credit: PR Defense IT co TSG raises NIS 62m in TASE IPO

TSG is owned equally by Israel Aerospace Industries and Formula Systems.

Steel Sting/Iron Sting system  credit: IDF spokeperson Elbit Systems wins $190m Israeli Iron Sting order

Iron Sting is a precision-guided mortar munition, launched from a 120 millimeter mortar, designed to accurately target and destroy objectives.

Silynxcom credit: YouTube screenshot Silynxcom jumps on Wall Street on IDF orders

During July, Silynxcom has received orders worth $815,000 from the Israel Defense Forces for its advanced tactical communication headset devices.

Site of rocket hit on Majdal Shams  credit: Magen David Adom How rocket fired at Majdal Shams got through

An Iranian Falaq 1 rocket killed twelve chidren and youths in the Druze town. Dr. Yehoshua Kalisky of INSS: Iron Dome is less effective in the north.

Elbit tanks in Philippines credit: Facebook page Philippine army test fires Elbit tanks

A Philippine army armored corps battalion has completed its first test-fire training using the Sabrah light tank, with 105 millimeter main cannon.

BlueWhale unmanned submarine credit: IAI German naval commander in Israel to discuss unmanned sub

Commander of the German Fleet and Vice Chief of the German Navy Vice Admiral Jan Christian Kaack visited Israel last week and had talks about BlueWhale with Israel Navy Commander David Saar Salama.

BlueWhale unmanned submarine credit: IAI Israeli unmanned sub seen deployed against Iran

The BlueWhale, developed by Israel Aerospace Industries' Elta unit with German company Atlas Electronik, will be part of the effort to combat Iran's expanding naval capabilities.

Israeli weapons sales to Morocco illustration: Tali Bogdanovsky Morocco becomes huge customer for Israel's defense industry

"Globes" looks at the major Israeli defense systems procured by Morocco, culminating in a $1 billion deal with IAI, which foreign media reports is for Ofek spy satellites.

Amir Peretz  credit: Israel Aerospace Industries Israel Aerospace Industries signs $1b deal

The company expects to complete the deal with an unnamed third party by 2029. Meanwhile IAI chairman Amir Peretz was seen boarding a flight to Morocco.

IDF drone operators credit: IDF Spokesperson's Unit Rafael confirms use of Firefly compact loitering munitions

The compact drones can be armed with 350 grams of explosives and can locate and neutralize terror cells with great precision.

Elbit Hermes 900 Starliner Photo: Elbit Systems / Photo: Elbit Systems India supplying rockets and UAVs to Israel - report

Amid the war in Gaza, India is shipping weaponry to Israel, Qatar-based "Al Jazeera" reports.

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