Sunday, July 5, 2015

Defense Business

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Elbit Systems announced today that its subsidiary, Elbit Systems Land and C4I Ltd. was awarded a contract from the Dutch Ministry of Defense, to supply 'Smart Vests' to equip the infantry soldiers in the Benelux countries – Netherlands, Belgium and Luxemburg. The contract, valued at approximately US$150 million, will be performed over a five-year period.

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Poland has selected the MTGR to equip its ground forces with 50 man portable reconnaissance robots as part of ‘Project Tarantula.’ The man-portable Mini-UGV was developed and produced by RoboTeam, an Israeli specialist in ground robotics.

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The Scorpion reconnaissance and attack aircraft displayed at the Paris Air Show this week is currently on its second European tour, visiting mainland Europe and the UK. Seeking international customers Textron offers the Scorpion at a cost of business aircraft - 'below $20 million per aircraft', and at a flight-hour cost of $3,000 – about 10 – 20 percent of the acquisition and operating costs of modern combat aircraft or advanced trainers.

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Addressing Unmanned Aerial Systems (UAS) market demands with new systems and capabilities Israel is displaying a wide range of UAS at the Paris Air Show 2015

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Two industry groups are proposing business aircraft platforms as an alternative for the US Air Force JSTARS replacement. The Air Force is planning to retire the existing Boeing 707-based E-8Cs from 2025-2026 and is expecting to have at least four of the new planes in production by 2023.

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Addressing the concern of restrictions of operating MQ-9 Reaper drones over Europe, due to the fact that this drone has not been certified to...

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The German Federal Ministry of Defence has chosen the Medium Extended Air Defense System (MEADS) as the basis for Taktisches Luftverteidigungssystem (TLVS), a next-generation network-based tactical air- and missile-defense system. It will replace the Patriot air defense systems initially fielded in the 1980s.

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CYBERBIT LTD., an Elbit Systems subsidiary is acquiring Nice Systems' Cyber & Intelligence Division business. Recently established CYBERBIT was created to consolidate Elbit Systems’ cyber activities. Elbit Systems will pay up to $157.9 Million - in cash and as earn-out through 2015.

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Israel plans to replenish its aerial ordnance stocks with the procurement of thousands of US made warheads and guidance kits worth over $1.8 Billion. The State Department published a request for Congress approval for this acquisition. The package includes several types of GPS and laser guided munitions, missiles and deep target penetrating bombs shells that can defeat deeply buried targets.

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The US Army intends to develop and field a new family of specialized vehicles to support 'joint forcible entry' missions. The Ultra Light Combat Vehicle (ULCV) general-purpose troop carrier is the highest priority in this plan. Fast, agile and safe to drive on and off road, ULCV will provide troops the survivability and protection by avoiding the roads vulnerable to IEDs and ambushes, gaining freedom of movement by traversing more concealed and unpredictable routes.

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The German shipbuilder ThyssenKrupp Marine Systems (TKMS) has signed today a contract to build four patrol corvettes for the Israeli Navy. Israel will pay €315 million of the €430 million contract.

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LAAD 2015: IAI set to expand operations in Brazil, investing in a number of strategic partnerships

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India is doubling the number of Rafale jet fighters it intends to buy from France, increasing the quantity of aircraft built in France from 18 to 36. Indian prime minister Narendra Modi and French president Francois Hollande have reached the agreement during their summit meeting today in Paris. The procurement will be part of a government-to-government (G2G) deal worth $7.5 billion.

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The oldest military industry in Israel is up for sale – Israel Military Industries (IMI), the government owned company established in 1933 is undergoing privatization, which includes the sale of its business activity to a private investor

FEATURED

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Elbit Systems announced today that its subsidiary, Elbit Systems Land and C4I Ltd. was awarded a contract from the Dutch Ministry of Defense, to supply 'Smart Vests' to equip the infantry soldiers in the Benelux countries – Netherlands, Belgium and Luxemburg. The contract, valued at approximately US$150 million, will be performed over a five-year period.

More news briefs:

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The Lebanese Army received a shipment of Chinese weapons Friday, the latest in a recent series of international arms deliveries to help Lebanon contain the militants on its eastern border with Syria
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