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24/7
Headlines
17:38
Who will cover the damages of the largest computer failure in history?
16:00
Scopio Labs secures $42 million Series D for AI-based blood cell analysis
14:47
"Growing high-tech is essential for the economy of the North"
14:31
Full list of Israeli high-tech funding rounds in 2024
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1
The Gili Ra’anan model: Questions emerging from Cyberstarts' remarkable success
2
JPMorgan CEO Jamie Dimon makes whirlwind visit to Israel
3
From IPO dreams to CrowdStrike’s crisis: Inside the collapse of the Wiz-Google mega deal
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Israel’s Quantum Transistors receives €17.5M from the European Innovation Council for its quantum computing solution
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Amdocs set to cut 1,500-3,000 jobs in new round of layoffs
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Elbit
20 stories about Elbit
Hezbollah's suicide drones zero in on Israel's weapons industry
24.06.24
|
Yuval Azulay
Hezbollah continues to demonstrate that its target bank in Israel is extensive, diverse, and well within its reach. This is particularly concerning for the defense system, as it impacts the availability of armaments crucial for the IDF to sustain a prolonged campaign.
Israel’s Elbit accelerates work on high-power laser weapon systems as order backlog crosses record $20B
28.05.24
|
Yuval Azulay
The defense company’s sales in the first quarter were approximately $1.55 billion, marking an 11% increase year-on-year. Rafael’s "Iron Beam" laser system is expected to reach maturity next year, and Elbit's El-Op company is developing a laser weapon for aircrafts
Small defense firms see big gains as war drives massive investments
23.05.24
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Yuval Azulay
The billions that the defense system pours into the weapons manufacturers also flow to small companies that produce unique products integrated into larger systems. Companies accustomed to turnovers of tens of millions of shekels are now facing orders in the hundreds of millions. "The great wave of demand is still ongoing, and there are more orders on the horizon," says one of the suppliers.
IDF to receive $760 million-worth of much-needed ammunitions from Elbit
21.05.24
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Yuval Azulay
Since the war began in October, the Ministry of Defense's defense procurement has totaled over $17 billion, with around $11 billion directed to Israeli companies
Could international backlash threaten future deals for Israel's defense giants?
05.05.24
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Yuval Azulay
The continuation of the war and the undermining of Israel's international status are harming the marketing operations of the defense industries
Defense companies are the new high-tech hit
05.05.24
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Maayan Manela
Following the outbreak of the war and especially since the Iranian attack, more high-tech employees are showing interest in working in companies that produce weapons and defense systems. "People want to be part of a success story and everything that has happened since October 7 makes people want to work in a significant organization."
Israel's Elbit strikes $150-200M deal with Brazilian army amid President's genocide accusations
01.05.24
|
Yuval Azulay
Despite the President of Brazil's accusations against Israel, his army has decided to purchase 36 new ATMOS self-propelled guns from the Israeli defense giant
Israel's Elbit strikes $50 million contract for new Red Sky air defense system
30.04.24
|
CTech
The Red Sky is a Tactical Very Short-range Air Defense (VSHORAD) System designed to provide protection against low-altitude aerial threats. As part of the contract with an unnamed international customer, Elbit will supply two Red Sky batteries, offering a comprehensive solution that integrates both soft-kill and hard-kill defense capabilities
Rafael orders surge 85% to over $8 billion amid war, global arms race
27.03.24
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Yuval Azulay
The backlog of orders for the state-owned defense company reached a record NIS 52.5 billion ($14 billion) last year. Rafael plans to hire about 2,000 new employees in the upcoming year to support a rise in production needs and accelerate development plans for new weapon systems
Elbit Systems awarded $600 million contract to supply Australian army with systems for IFVs
26.02.24
|
CTech
This project aims to deliver advanced protection, fighting capabilities and a sensor suite to the Redback Infantry Fighting Vehicles (IFV) the Australian army is acquiring from South Korean company Hanwha
Israeli missiles, spy gear and drones in high demand at air show amid war
23.02.24
|
Reuters
The Israeli ministry of defense and 11 of its defense contractors attended Asia's largest aerospace and defense gathering in Singapore, including Israel Aerospace Industries (IAI), Rafael and Elbit
Elbit Systems lands $300 million contract to supply armored vehicle systems to European customer
20.02.24
|
CTech
The Israeli defense company said it will supply weapon, reconnaissance, driving, and situational awareness systems for approximately 230 armored vehicles
Japan's Itochu severs ties with Elbit amid Gaza war
05.02.24
|
Reuters
Itochu Aviation, Elbit Systems and Nippon Aircraft Supply signed a strategic cooperation memorandum of understanding (MoU) in March 2023
Israel’s weapons orders cross $5 billion since outbreak of war
14.01.24
|
Yuval Azulay
Due to local demand, major defense companies Rafael, Israel Aerospace Industries, and Elbit Systems have delayed the supply of weapons worth over $1.5 billion to their global customers
Elbit tight-lipped on "considerable increased demand" from Israel Ministry of Defense
19.12.23
|
Amir Perger
Elbit wrote that “since the beginning of the Swords of Iron War, it has been awarded a series of contracts by the Israel Ministry of Defense (IMOD) in an aggregate amount that is material to the company,” but refused to provide additional details
Elbit CEO: "We recruited hundreds of employees and brought back retirees due to demand and war"
28.11.23
|
Yuval Azulay
Some 2,000 of the employees of the public security company were called up to the IDF reserves due to the war in Gaza. Elbit supplied the IDF, among other things, with the "Iron Sting" precision mortar; In the third quarter, the company's net profit increased by 8.2% to $61 million
Israeli defense industries divert weapons production lines due to Gaza war
16.10.23
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Yuval Azulay
Elbit Systems, IAI, and Rafael were already loaded with orders from abroad due to the war in Ukraine, but demand has now increased locally with the Gaza war
Elbit Systems awarded $200 million contracts to supply equipment to an unnamed European country
06.09.23
|
James Spiro
The deal will supply artillery C4I solutions and hostile fire counterattack solutions
Elbit Systems secures $55 Million contract to supply a counter UAS solution to the Netherlands
21.08.23
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James Spiro
The system can detect, identify, locate, track, and neutralize hostile UAS during day and night, both in urban and rural environments
Sex, lawsuits, and millions down the drain: the secrets behind Aerodrome's value destruction
05.07.23
|
Tomer Ganon
A staggering 95% plunge in value merely scratches the surface of the tumultuous events that have unfolded at this UAV manufacturer in recent years. One instance involved an employee who, while providing training in Kazakhstan, violated security protocols by bringing a local woman to his hotel room, resulting in severe damage to the company's collaboration with Elbit
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