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Elbit Systems Ltd., a leading international defense technology company, released its financial results for the second quarter of 2024, reporting a 12% increase in year-over-year revenues, reaching $1.626 billion. This growth was primarily driven by increased demand across various sectors, including C4I and Cyber, ISTAR and EW, and Land systems, especially in response to the … [Read more...] about Elbit Systems Reports Q2 2024 Financial Results with Strong Revenue Growth Amidst Ongoing Conflict

BEIT SHEMESH, Israel, Aug. 8, 2024 /PRNewswire/ -- Epsilor Electric Fuel Ltd., a recognized developer and manufacturer of smart Li-Ion batteries and chargers, announces the launch of its cutting-edge Military High Voltage Battery System. Based on Epsilor's NATO standard 6T batteries, stacking up to 1,000V. Epsilor's COMBATT 6T Li-Ion battery, has an unprecedented capacity of … [Read more...] about Epsilor Unveils Groundbreaking High Voltage Military Battery System Based on Standard NATO 6T Batteries

Anduril Industries, a defense technology startup known for its cutting-edge AI and autonomous systems, has recently achieved a remarkable milestone. In a new funding round, the company has hit a staggering $14 billion valuation, underscoring its rapid growth and the increasing demand for advanced defense solutions. This valuation marks a significant leap for Anduril, which has … [Read more...] about Anduril Industries Reaches $14 Billion Valuation in Latest Funding Round, Pioneering the Future of Defense Technology

GROTON, Conn., Aug. 5, 2024 - General Dynamics Electric Boat, a business unit of General Dynamics (NYSE: GD), announced today it has been awarded a $1.3 billion undefinitized contract modification allowing Electric Boat to purchase long lead time materials for Virginia Class Block VI submarines as detailed in the U.S. Department of Defense contract award. "This contract … [Read more...] about General Dynamics Electric Boat awarded $1.3 billion contract modification for long lead time material for Virginia-class submarines

Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) has been awarded a significant contract valued at approximately $340 million by the Israeli Ministry of Defense (IMOD). This contract, announced on August 1, 2024, entails the supply of ammunition over the next decade. As part of this agreement, Elbit Systems will establish a new manufacturing facility dedicated to the production … [Read more...] about Elbit Systems Secures $340 Million Ammunition Supply Contract with Israeli Ministry of Defense

Future of ULA national security support advances to Vulcan rocket CAPE CANAVERAL SPACE FORCE STATION, Fla., July 30, 2024 - United Launch Alliance (ULA) successfully launched the company's 100th national security mission to orbit with the launch of an Atlas V rocket on July 30 at 6:45 a.m. EDT from Space Launch Complex-41 at Cape Canaveral Space Force Station. The rocket, … [Read more...] about United Launch Alliance Successfully Launches 100th National Security Mission

Lockheed Martin (NYSE: LMT) made a significant announcement today at the Farnborough International Airshow, revealing that the worldwide C-130J Super Hercules fleet has surpassed 3 million flight hours. This milestone underscores the aircraft's unmatched global reach, versatile multi-mission capabilities, and proven tactical performance. Since the first flight of the C-130J on … [Read more...] about The worldwide C-130J Super Hercules fleet has surpassed 3 million flight hours

Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company, announced the debut of its new military multi-engine training aircraft at the Farnborough International Airshow (FIA). Built upon the versatile and reliable Beechcraft King Air 260, this next-generation training aircraft marks its first appearance in Europe, showcasing from July 22 through July 26 at Stand A031. … [Read more...] about Debut of its new military multi-engine training aircraft of Textron Aviation Inc. at the Farnborough International Airshow

Saronic, a prominent defense technology company specializing in autonomous surface vessels (ASVs), has successfully raised $175 million in a Series B funding round, catapulting its valuation to $1 billion. The funding round was spearheaded by Andreessen Horowitz (a16z), with notable contributions from 8VC, Caffeinated Capital, Elad Gil, NightDragon, and others. Saronic’s … [Read more...] about Saronic Secures $175 Million in Series B Funding, Reaches $1 Billion Valuation