Defense Market

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Elbit Systems Awarded a $180 Million Contract From the Israeli MOD to Provide a new Mission Training Center for its F-16 Fleet

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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

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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

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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

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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?

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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?

Poland to buy 2 Signal Intelligence (SIGINT) ships

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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

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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