Defense Market

Market Insights for Aerospace & Defense Industry

News

Elbit Systems Awarded $660 Million Contract to Supply Intelligence Capabilities for a Country in Europe

By

HAIFA, Israel, July 13, 2022 - Elbit Systems Ltd. (NASDAQ:ESLT) and (TASE: ESLT) ("Elbit Systems") announced today that it was awarded a contract valued at $660 million to provide intelligence systems for a country in Europe. The contract will be executed over a period of four years and includes an additional ten-year maintenance period. Bezhalel (Butzi) Machlis, Elbit … [Read more...] about Elbit Systems Awarded $660 Million Contract to Supply Intelligence Capabilities for a Country in Europe

BAE Systems wins $699 million contract from U.S. Army to support High Performance Computing Centers

By

MCLEAN, Va. and HUNTSVILLE, Ala., July 13, 2022 - The U.S. Army has awarded BAE Systems a $699 million, five-year contract for Defense Supercomputing Resource Center (DSRC) operations, maintenance, and management services, including program-wide services for high performance computer (HPC) users. The company will support the Computing Modernization Program (HPCMP). The … [Read more...] about BAE Systems wins $699 million contract from U.S. Army to support High Performance Computing Centers

Autonomous Flight Company Merlin Labs Raises $105m Series B, Announces Partnership with USAF

By

BOSTON, July 13, 2022 - Merlin Labs, the leading developer of autonomous flight technology for fixed-wing aircraft, announced today that it has raised a $105 million Series B round from Snowpoint and Baillie Gifford, with major participation by existing investor GV. The round follows Merlin's 2021 $25 million Series A round led by GV and First Round Capital, bringing its total … [Read more...] about Autonomous Flight Company Merlin Labs Raises $105m Series B, Announces Partnership with USAF

General Dynamics Land Systems Awarded up to $280 Million for Trophy Active Protection System Kits for Abrams Tanks

By

U.S. Army contract will increase tanks' survivability on the battlefield STERLING HEIGHTS, Mich., July 13, 2022 - General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD) announced today that it has been awarded a competitive award worth up to $280,112,700 to procure Trophy Ready Kits as an Active Protection System (APS) for Abrams main battle … [Read more...] about General Dynamics Land Systems Awarded up to $280 Million for Trophy Active Protection System Kits for Abrams Tanks

Eurosatory International Defense Technology Fair, June 13-17 2022, Paris, France

By

ULBRICHTS Protection makes true head protection for soldiers Lightweight version of the HIGH CUT / JUMP starting at 1.25 kilograms while providing effective protection against bullets and fragments New ZENTURIO version for special units offers effective standalone protection against rifles (VPAM 6) Entire model range featuring completely renewed design and innovative … [Read more...] about Eurosatory International Defense Technology Fair, June 13-17 2022, Paris, France