April 21, 2024 | International, Naval
AV’s Switchblade 300 Block 20 loitering munition system (LMS) will provide the Marine Corps with organic, anti-armor/anti-personnel, precision fires capability at the tactical level.
May 12, 2023 | International, Land
Germany plans to buy 18 Leopard 2 tanks and 12 self-propelled howitzers to replenish stocks depleted by deliveries to Ukraine, according to procurement documents seen by Reuters on Friday.
August 28, 2020 | International, Naval
By KELSEY ATHERTON ALBUQUERQUE: The Navy is using Google Cloud to speed up a basic but time consuming task: finding and identifying rust. This approach has already been applied to inspect wind turbines and find potholes in roads, and promises advantages both in speed of inspection and in future predictive maintenance. “The AI technology behind this enabled the US Navy to quickly and seamlessly examine tens of thousands of images to prioritize the needs to be repaired immediately and or later on,” Mike Daniels, vice president of Global Public Sector, Google Cloud, told me in an interview. While Google was unwilling to disclose the exact value of the contract, the promise is that speedy, AI-enabled inspections will lower labor and material costs of inspection and repair enough to more than justify the expenditure on inspection AI. “The tools we're providing can not only save the Navy billions each year, but significantly improve readiness and speed deployment,” said Daniels. “And this is a physical job right now. We're improving results for the inspectors.” If AI-facilitated rust inspection can reduce the amount of time a ship needs to stay in harbor for repairs, it can narrow the window in which catastrophic disasters, like the fire which tore apart the Bonhomme Richard, can happen. This work is being done through Simple Technology Solutions (STS), who was awarded the work as a Phase 1 Small Business Innovation Research project. To train the AI, STS flew a drone on inspections to get images of rust. Next, STS combined these drone-filmed images with public domain images of ships, and uploaded both sets to a Google Cloud server. Specifically, the inspections will look for broad area rust and corrosion, as well as subtler damage that human eyes might skip over, like pitting or focused damage. Using native machine learning built into the Google Cloud, STS could then train the algorithm to process, understand and identify rust in the images. This is an iterative process, one where every uploaded inspection improves the accuracy of the next inspection. “There's no classified data that's going to be handled as part of this project,” said Daniels, noting that Google offers a high level of protection for images stored in its cloud by default. As we have seen in the past, aggregated unclassified data can sometimes be enough to reveal classified information, but the immediate utility of cloud-powered inspections should offset any distant concern of weakness revealed through corrosion maintenance. Most importantly, the inspection tool promises savings in time. A widely-cited 2014 report from the US Navy attributed the cost of fighting rust and corrosion at $3 billion. Some of that cost is hard to shake: the paint used to cover rust-scrapped areas can cost as much as $250 a gallon. Catching corrosion quickly and early shortens the amount of time humans need to work to fix a vessel, and should reduce the area that needs repair for each inspection. https://breakingdefense.com/2020/08/navy-turns-to-ai-to-save-billions-in-fight-against-rust/
December 2, 2020 | International, Aerospace
Haifa, Israel, November 29, 2020 – Elbit Systems Ltd. (NASDAQ: ESLT, TASE: ESLT) (“Elbit Systems” or “the Company”) announced today that it was awarded a contract valued at approximately $96 million to supply a European country with a Rotary-Wing Mission Training Center (“Rotary-Wing MTC”) and support services to train its Air Force, Army and Navy helicopter pilots and crews. The contract will be performed over a nine-year period, with an option to extend the maintenance services for an additional 10-year period. The Rotary-Wing MTC is a networked multi-platform, mission-oriented, helicopter training center that will provide multi-level training for helicopter pilots and aircrews across the customer's Armed Forces. The new training center will enable realistic simulated tactical training using all of the helicopter's systems in a wide variety of mission scenarios. The Rotary-Wing MTC draws on the unique technologies and accumulated operational experience of the Company's fighter aircraft tactical mission training centers. Yoram Shmuely, General Manager of Elbit Systems' Aerospace Division commented: “This contract highlights the growing importance that Armed Forces place on leveraging proven technologies to enhance readiness while reducing costs.” 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, 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 This press release may contain forward‑looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management's current expectations, estimates, projections and assumptions about future events. Forward‑looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forward‑looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward‑looking statements speak only as of the date of this release. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements. Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein. View source version on Elbit Systems: https://elbitsystems.com/pr-new/elbit-systems-awarded-96-million-contract-to-supply-a-rotary-wing-mission-training-center-to-a-european-country/?pageid=PR%20-20%20News