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June 10, 2022 | International, Land

From night vision to ground vehicles, Israeli firm Elbit eyes US expansion

In a Breaking Defense interview, CEO of Elbit's US arm Raanan Horowitz describes diverse, aggressive push in the US.

https://breakingdefense.com/2022/06/from-night-vision-to-ground-vehicles-israeli-firm-elbit-eyes-us-expansion/?utm_source=sailthru&utm_medium=email&utm_campaign=dfn-ebb

On the same subject

  • India Ban on $47 Billion Arms Imports Sowing Uncertainty

    August 18, 2020 | International, Land

    India Ban on $47 Billion Arms Imports Sowing Uncertainty

    By Sudhi Ranjan Sen 16 août 2020 à 18:00 UTC−4 Updated on 17 août 2020 à 04:58 UTC−4 India's move to ban the import of certain weapon systems will do little to boost local manufacturing and is sowing uncertainty at a time when the South Asian nation is trying to ramp up defenses on its restive borders with China and Pakistan, according to analysts. Prime Minister Narendra Modi's administration earlier this month announced curbs on $47 billion worth of imports that include communication satellites, conventional submarines and light machine guns. But defense experts said they didn't address critical issues such as the certification of systems and locally-made components, and won't prevent the military from making emergency purchases of equipment from foreign vendors. Modi has struggled to transform the world's second biggest arms importer into a defense manufacturing powerhouse since a 2014 proposal to produce indigenous equipment and systems worth $100 billion by 2020. The target has since been slashed in half and the deadline extended to 2027, while the need for more advanced weaponry grows more urgent following the most deadly border clash with China in four decades. Modi Backtracks on Free-Trade Vow With Import Curbs in India The ministry's ban on imports will have little impact beyond “measures already taken to localize defense production and reduce import dependency,” said Amit Cowshish, a consultant with the New Delhi-based Manohar Parrikar Institute For Defence Studies and Analyses and a former financial adviser on acquisitions in the Ministry of Defense. “The promotion of local manufacturing requires more cooperation between the military and domestic defense industry,” Cowshish said. “Mutual trust is missing, with everyone working at cross purposes.” While New Delhi is the world's third-biggest military spender, its air force, navy and the army are still equipped with weapons that are largely obsolete. ‘Self-Reliance Push' The push for locally-produced systems and hardware was a big step toward self-reliance in defense and creates an opportunity for the Indian defense industry to manufacture the items using their own design and development capabilities, the Ministry of Defense said in a statement on Aug. 9. A defense ministry spokesperson was not immediately available for a comment. Similar policy declarations to stem imports were made by India in 2013, under then prime minister Manmohan Singh, and also by Modi's administration in his first term in 2018, didn't significantly increase the ‘Made in India' products deployed by the military. “Time and access to technology is fundamental to such efforts -- currently a large proportion India's defense industry is little better than system integrators,” said Rahul Bedi, a New Delhi-based independent defense analyst. “A major dose of realism is needed.” The banned list is also vague on the position of joint-ventures between Indian and foreign manufacturers and license produced weapon systems, he said. Despite its drawbacks, India's nascent defense industry is cautiously optimistic about the new policy. “We are sure that this list will keep getting amended to add newer programs that lay a road map matching our nation's aspiration,” said Jayant Patil, senior executive vice president (defence & smart technologies), Larsen & Toubro Limited. https://www.bloomberg.com/news/articles/2020-08-16/india-s-tense-borders-threaten-plan-to-ban-some-weapons-imports

  • AeroVironment Acquires VTOL UAS Developer Pulse Aerospace, LLC for $25.7 Million to Strengthen Family of Small Unmanned Aircraft Systems

    June 12, 2019 | International, Aerospace

    AeroVironment Acquires VTOL UAS Developer Pulse Aerospace, LLC for $25.7 Million to Strengthen Family of Small Unmanned Aircraft Systems

    Pulse's complementary Vertical Takeoff and Landing (VTOL) product family strengthens AeroVironment's leading family of fixed-wing small unmanned aircraft systems (UAS) Acquisition expands total addressable market by increasing mission capabilities of AeroVironment family of systems Pulse Aerospace receives multi-year contract award with a maximum value of more than $13 million from undisclosed defense customer for Vapor VTOL unmanned systems, spares and services Acquisition expected to be accretive to AeroVironment earnings by the third full year of operations SIMI VALLEY, Calif.--(BUSINESS WIRE)--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS) for both defense and commercial applications, today announced it has acquired Pulse Aerospace, LLC, a developer and supplier of small VTOL UAS, for $25.7 million in cash, including milestone-based earn-out payments of $5 million. AeroVironment financed the transaction entirely from available cash on hand. Pulse Aerospace is a leading developer of small VTOL UAS technology in the United States. Pulse's HeliSynth™ technology brings flight control, payload, and endurance capabilities to market at attractive price points for both defense and commercial end markets. Pulse recently received a multi-year contract award with a maximum value of more than $13 million from an undisclosed defense customer for its Vapor unmanned VTOL systems, spares and services. AeroVironment expects the transaction to be accretive to its earnings by the third full year of operations. “The talented Pulse Aerospace team has created a solution set that is unique and will expand our family of unmanned systems by addressing increasing demand from our customers for small VTOL solutions,” said Wahid Nawabi, AeroVironment's president and chief executive officer. “This transaction brings together two highly complementary companies in terms of products, markets and culture, and will better position AeroVironment to grow our share of the small UAS market. The team at Pulse Aerospace shares our focus on disruptive innovation and we welcome them to AeroVironment. Together, we will deliver even more capability to our customers in the United States and more than 45 allied countries around the world.” “We are excited to join together to realize the full benefits of this transaction as we employ key, future-defining technologies such as robotics, sensors, software analytics and connectivity. Additionally, we look forward to gaining access to the strong technical talent pool in the Lawrence, Kansas area to help achieve our long-term growth objectives,” Nawabi added. “AeroVironment's global market presence dramatically increases the reach of Pulse's VTOL UAS technology,” said Aaron Lessig, Pulse Aerospace, LLC's chief executive officer. “Pulse's offering expands AeroVironment's mission capabilities with increased payload capacity, which broadens customer use cases. We look forward to growing AeroVironment's share of the global unmanned systems market together.” In connection with the transaction, Pulse Aerospace's Lawrence, Kansas facility will become AeroVironment Innovation Center - Midwest, with a focus on small VTOL unmanned aircraft and mission planning solutions. About AeroVironment, Inc. (AV) AeroVironment (NASDAQ: AVAV) provides customers with more actionable intelligence so they can proceed with certainty. Based in California, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. For more information visit www.avinc.com. Safe Harbor Statement Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise. https://www.businesswire.com/news/home/20190611005589/en

  • ‘Bigger, faster, longer’: As market grows, loitering munition makers eye next evolution

    July 22, 2022 | International, Aerospace

    ‘Bigger, faster, longer’: As market grows, loitering munition makers eye next evolution

    “The loitering munition market is going to evolve certainly,” Rafael's Roman Palaria told Breaking Defense. “I personally believe that it's a new market that is building up very quickly.”

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