Boeing has agreed to spend billions of dollars in Israel over the coming decade if it wins major defense contracts, Israel’s Economy Ministry said on Tuesday. The “reciprocal procurement” agreement calls for Boeing to collaborate with Israeli industries for at least 35 percent of the value of any transaction it signs with the Israeli government.
Harris Corporation (NYSE:HRS) and L3 Technologies, Inc. (NYSE:LLL) have agreed to combine in an all-stock merger of equals to create a global defense technology leader, focused on developing differentiated and mission-critical solutions for customers around the world. The merger is expected to close in the mid-calendar year 2019,
Israel's tactical radar pioneer RADA Electronic Industries reported new orders worth US$5 million for two variants of its mobile radars, the Multirole Hemispheric Radar, employed in Counter Rocket Artillery and Mortar (C-RAM), Counter UAV (C-UAV) and Short Range Air Defense (SHORAD) applications.
With the expected delivery of the first of Magen Class corvette next year the IMOD awards orders for the combat systems to be integrated with those vessels as they arrive in Israel. Elbit Systems announced today the receipt of an order worth US$85 for electronic warfare systems destined for those ships.
General Dynamics Missions Systems was awarded a US$3.9 billion sole-source contract by the U.S. Army, for the supply of Common Hardware Systems-5 (CHS-5) over the next five years. Products included in the CHS program include servers, storage, clients, networking devices, ruggedized platforms, hand-held end devices, Operational Transit Cases (OTC) and peripherals devices, all tested and proved to meet the program's requirements.
ELTA Systems (a subsidiary of Israel Aerospace Industries (IAI) is developing a drone-based version of its RES-Q-CELL system. The development is done in cooperation with TLC Solutions of the USA. This search and rescue system detects the location of cellular devices of victims trapped under rubbles and in disaster areas.
BIRD Aerosystems will enhance the performance of ASIO SMA already operated by the customer, by upgrading their Mission Management System (MSIS), adding sensor enhancements, and improving connectivity and data sharing within the task force.
Israel Aerospace Industries (IAI) has signed a collaboration agreement with robotics vehicle manufacturer DOK-ING D.O.O from Croatia, on the manufacturing, marketing and sales of robotic systems designed for high-risk operations in conditions affected by chemical, biological, radioactive explosive (CBRNE) materials.
The Australian Defense Forces (ADF) is extending the current LAND 121 Phase 3B Project to run through 2024. Under the new program - Land 121 Phase 5B - the Australian subsidiary of German-based Rheinmetall Man Military Vehicles (RMMV) will supply more than a thousand logistical vehicles, and 800 payload modules and trailers, to the Australian Defense Forces (ADF) between 2019 and 2024 under a contract worth a total of A$1.4 billion.
General Dynamics Land Systems was awarded $258 million contract modification to upgrade 116 Stryker flat-bottom vehicles to the Stryker A1 configuration. The upgrade includes the installation of Double-V Hull, improving the vehicle's survivability against mines and improvised explosive devices. In addition to the DVH survivability, the Stryker A1 provides a 450-horsepower engine, 60,000-pound suspension, 910-amp alternator and in-vehicle network. All vehicles will be delivered by March 31, 2020.
The foundation established by DRS Leonardo to support the US Army induction of RAFAEL's TROPHY APS can also support future Israeli procurement of the system
The Defense Material Organization (DMO) of the Netherlands announced the selection of Vectronix AG, Switzerland (a subsidiary of Safran Electronics & Defense) to supply more than 1,000 handheld thermal sights for the Dutch Army.
Israel Aerospace Industries (IAI) is strengthening its commercial aviation activities by forming a single, business-oriented group that unifies six business lines currently distributed in different corporate activities. The new structure is likely to focus IAI's activities to meet the unique challenges and opportunities of the commercial aviation market. The transformation is implemented at a time in which many countries bring home their manufacturing operations and are fighting aggressively for market shares, challenging IAI to sharpen its offering in defense and commercial aviation alike.