HAIFA, Israel, Jan. 10, 2023 - Elbit Systems Ltd. (NASDAQ:ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that it was awarded a contract in an amount of approximately $180 million from the Israeli Ministry of Defense (IMoD) to provide, operate and maintain the new Mission Training Center (MTC) for the Israeli Air Force's (IAF) F-16 fleet. The contract will … [Read more...] about Elbit Systems Awarded a $180 Million Contract From the Israeli MOD to Provide a new Mission Training Center for its F-16 Fleet
Fairbanks Morse Defense Launches First High-Speed Engine
BELOIT, Wis., January 09, 2023 - Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, is expanding its naval defense capabilities by offering the nForcer FM 175D engine, the defense contractor's first engine designed for high-speed applications. With more power density than competing high-speed engines in the maritime defense marketplace, the … [Read more...] about Fairbanks Morse Defense Launches First High-Speed Engine
L3Harris Receives VAMPIRE Contract for Ukrainian Security Defense Efforts
Highlights: Rugged system to provide life-saving defense against enemy unmanned aerial systems Specifically tailored for DoD’s Ukraine security assistance package Investments made in procurement, testing and certification to speed production MELBOURNE, Fla. - L3Harris Technologies (NYSE:LHX) announced today receiving a $40 million Department of Defense contract to … [Read more...] about L3Harris Receives VAMPIRE Contract for Ukrainian Security Defense Efforts
Germany Becomes Latest Country to Join the F-35 Lightning II Global Team
F-35 continues to be the choice of air forces across Europe FORT WORTH, Texas, Dec. 14, 2022 - The German Ministry of Defense announced today it is procuring 35 Lockheed Martin 5th Generation F-35 Lightning II aircraft. "Congratulations to Germany on procuring the F-35A. Germany is the ninth foreign military sales country to join the program," said Lt. Gen. Michael … [Read more...] about Germany Becomes Latest Country to Join the F-35 Lightning II Global Team
Does recession impact defense industry?
Yes, recessions can impact the defense industry. Like any other industry, the defense industry is subject to economic forces and can be affected by a downturn in the economy. During a recession, governments may have less money to spend on defense, leading to reduced demand for defense products and services. This can have a negative impact on the defense industry and the … [Read more...] about Does recession impact defense industry?
Pentagon splits $9 billion cloud contract among Google, Amazon, Oracle and Microsoft
Pentagon splits $9 billion cloud contract among Google, Amazon, Oracle and Microsoft https://t.co/18pOgPKneT pic.twitter.com/KiwcnEnL6P— Reuters (@Reuters) December 8, 2022 … [Read more...] about Pentagon splits $9 billion cloud contract among Google, Amazon, Oracle and Microsoft
The U.S. Air Force unveiled the B-21 Raider Friday in Palmdale, California
The U.S. Air Force unveiled the B-21 Raider Friday in Palmdale, California. The sixth-generation bomber has never been seen in public prior to this. pic.twitter.com/6uDZh1ZIkO— Defense News (@defense_news) December 8, 2022 … [Read more...] about The U.S. Air Force unveiled the B-21 Raider Friday in Palmdale, California
Vietnam holds first international arms expo in Hanoi
Vietnam holds first international arms expo in Hanoi https://t.co/HyvLn91L0A pic.twitter.com/KihUXujpoI— Reuters (@Reuters) December 8, 2022 … [Read more...] about Vietnam holds first international arms expo in Hanoi
Poland to buy 2 Signal Intelligence (SIGINT) ships
Poland has decided to buy 2 Signal Intelligence (SIGINT) ships.The Swedish defense giant won the contract worth EUR 620 million and will deliver the ships by 2027The Polish Armed Forces continue their build-upIntel satellites will be bought from France in a few weeks🇵🇱🇸🇪 pic.twitter.com/lhSPeZ90f4— Visegrád 24 (@visegrad24) November 27, 2022 … [Read more...] about Poland to buy 2 Signal Intelligence (SIGINT) ships
Japan Maritime Self-Defense Force, Missile Defense Agency demonstrate new layered missile defense capability
Japan intercepts targets with Raytheon Missiles & Defense's SM-3® Block IB and SM-3 Block IIA OFF THE COAST OF KAUAI, Hawaii, Nov. 21, 2022 - During a demonstration here, Japan's Maritime Self-Defense Force successfully intercepted short and medium-range ballistic missile targets with SM-3® Block IB and SM-3 Block IIA interceptors. This is the first time a non-U.S. maritime … [Read more...] about Japan Maritime Self-Defense Force, Missile Defense Agency demonstrate new layered missile defense capability