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April 24, 2024 | International, Land

Analysis: UK defence spend hike will have to plug MoD’s fiscal black hole - Army Technology

UK Prime Minister Rishi Sunak has committed to the increase of defence spending to 2.5% of GDP by 2030, up from around 2.3% at present.

https://www.army-technology.com/news/analysis-uk-defence-spend-hike-will-have-to-plug-mods-fiscal-black-hole/

On the same subject

  • Elbit Systems Awarded $670 Million Contract to Supply Defense Solutions to a Country in Asia-Pacific

    February 19, 2020 | International, C4ISR

    Elbit Systems Awarded $670 Million Contract to Supply Defense Solutions to a Country in Asia-Pacific

    Haifa, Israel, February 18, 2020 – Elbit Systems Ltd. (NASDAQ: ESLT, TASE: ESLT) (“Elbit Systems”) announced today that it was awarded an approximately $670 million contract to supply defense solutions to a country in Asia-Pacific. The contract will be performed over a 25-month period. Bezhalel (Butzi) Machlis, Elbit Systems President & CEO, commented: “This significant contract award is a testament to the trust that customers place with our solutions and to the leading position we hold in the market.” About Elbit Systems Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land, and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (“C4ISR”), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems. For additional information, visit: https://elbitsystems.com/, follow us on Twitter or visit our official Facebook, Youtube and LinkedIn Channels. Contacts: Company Contact: Joseph Gaspar, Executive VP & CFO Tel: +972-4-8316663 j.gaspar@elbitsystems.com Rami Myerson, Director, Investor Relations Tel: +972-77-2946403 rami.myerson@elbitsystems.com David Vaaknin, VP, Brand & Communications Tel: +972-77-2946691 david.vaaknin@elbitsystems.com IR Contact: Ehud Helft Gavriel Frohwein GK Investor Relations Tel: 1-646-688-3559 elbitsystems@gkir.com View source version on Elbit Systems Ltd: https://elbitsystems.com/pr-new/elbit-systems-awarded-670-million-contract-to-supply-defense-solutions-to-a-country-in-asia-pacific/

  • Financing becomes a hurdle in Argentina’s quest for new submarines

    October 28, 2024 | International, Naval

    Financing becomes a hurdle in Argentina’s quest for new submarines

    A letter of intent for a purchase from Naval Group is in the works, but the country's bad credit history is holding up a financing arrangement.

  • Thales fournira 55 sonars à l’US Navy

    May 6, 2021 | International, Naval

    Thales fournira 55 sonars à l’US Navy

    Les sonars « Airborne Low Frequency Sonar » (ALFS) de Thales, conçus pour la lutte anti sous-marine, équiperont les hélicoptères MH-60R (Sikorsky) de l'US Navy. 42 seront livrés durant les cinq prochaines années et une option quant à la livraison de 13 systèmes supplémentaires au cours de la sixième année serait prévue. Thales est un partenaire important de l'US Navy puisque 300 sonars ALFS ont déjà été exportés aux Etats-Unis. Ces sonars équipent aussi les MH-60R destinés à l'export. Air & Cosmos, 5 mai

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