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24/7
Headlines
21:58
Global AI acquires Israeli AI startup Tectu for $13 million
21:13
NetApp sells Spot to Flexera for $100 million, four years after $450 million acquisition
18:19
Israel enhances air defense with new Iron Dome and Iron Beam orders
17:20
eToro files for US IPO, targeting $5 billion valuation
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1
Lenovo acquires enterprise storage company Infinidat in its first Israeli acquisition
2
NetApp sells Spot to Flexera for $100 million, four years after $450 million acquisition
3
Qbiq raises $16M Series A for its automated architectural solutions
4
eToro files for US IPO, targeting $5 billion valuation
5
Spot.io founder nets $7 million Seed round to tackle cloud chaos with new startup
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Elbit
20 stories about Elbit
Israel ramps up local defense production amid global arms embargoes
08.01.25
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Yuval Azulay
Raw material factory and bomb production deal highlight Israel’s push for wartime independence.
Israel strengthens defense independence with billion-shekel Elbit deal
07.01.25
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Yuval Azulay
New factory for raw materials aims to reduce reliance on imports and ensure IDF readiness.
"Imagine an F-16 pilot identifies a threat and launches a laser beam at the speed of light. This is a revolution"
30.12.24
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Yuval Azulay
Elbit Systems CEO Bezhalel Machlis discusses the transformative potential of battlefield lasers, the challenges of scaling up production during wartime, and the global demand driving Israel's defense industry to new heights.
Elbit CEO: "France is a big competitor of ours, and its behavior is brutal and hypocritical"
20.11.24
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Yuval Azulay
Bezhalel Machlis attacked the restrictions imposed by France, whose presidential plane is secured by the Israeli SkyShield system. Elbit doubled its sales to the Israeli market in the third quarter.
Elbit Systems’ Israeli sales surge amid multi-front war
19.11.24
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Yuval Azulay
Defense giant doubles local market sales, accelerates production, and eyes record-breaking order backlog. Elbit CEO criticizes French defense policy, calling restrictions “brutal and hypocritical.”
Israel’s Iron Beam laser defense system set for 2025 operational launch following $500M expansion
28.10.24
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Yuval Azulay
Defense Ministry fast-tracks Rafael and Elbit’s advanced laser interception system to combat evolving aerial threats.
"I came from a broken home, today I open doors for others in high-tech"
24.10.24
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Diana Bahur-Nir
Eynav Haim Sayag went from being a teenager in a slum to a cyber expert at Elbit and the technological unit of another security body. In an interview with Calcalist a month after she was appointed CEO of the Place-IL project to reduce gaps in high-tech, she talks about the vision to change the face of high-tech
Israel tests cutting-edge drone interception systems to counter evolving threats
15.10.24
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CTech
Eight Israeli companies showcased new technologies in a first-of-its-kind trial, aiming to swiftly deploy solutions against the rising drone menace.
The war machine: Israel’s defense industry thrives amid historic demand
02.10.24
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Yuval Azulay
As global militaries rearm, Israel’s weapons manufacturers face record orders and political hurdles.
Israel’s arms industry profits soar as wars fuel billion-dollar contracts
18.08.24
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Yuval Azulay
With conflicts intensifying, Israeli defense companies see record orders, boosting the country’s military-industrial complex.
"Airborne laser systems represent a strategic capability. It will cost just a few cents to intercept a UAV"
14.08.24
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Yuval Azulay
Bezalel (Butzi) Machlis, CEO and President of Elbit, sees a bright future for the company after it registered record results in the second quarter.
Elbit secures $130M contract for Iron Fist defense systems
08.08.24
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Yuval Azulay
The Iron Fist is an active defense system that provides perimeter protection for APCs. The buyer, BAE Systems Hägglunds, intends to install it on CV-90 APCs that will be supplied to a country in Central Europe.
Israel purchasing another $340 million-worth of ammunition from Elbit
04.08.24
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Yuval Azulay
As part of the transaction, Elbit Systems will construct a new factory for the production of armaments in the industrial area it is establishing in the Negev. The new facility is expected to open at the end of the year, and its primary production activities will be managed from there.
Israel acquires $190 million-worth of laser and GPS-guided mortar munition from Elbit
29.07.24
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CTech
Iron Sting is a precision-guided mortar munition, launched from a 120mm mortar, designed to accurately target and destroy objectives, utilizing both immune GPS and laser guidance technology.
Hezbollah's suicide drones zero in on Israel's weapons industry
24.06.24
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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
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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."
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