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June 16, 2024 | International, Land

From Russia with interest: G7 to loan Ukraine $50bn from Moscow’s frozen assets - Army Technology

The G7 will use annual interest from $325bn in frozen Russian assets to pay off interest on a $50bn loan for Ukraine’s war effort.

https://www.army-technology.com/news/from-russia-with-interest-g7-to-loan-ukraine-50bn-from-moscows-frozen-assets/

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/

  • US Navy officially inducts Triton UAV into service

    June 11, 2018 | International, Aerospace

    US Navy officially inducts Triton UAV into service

    Gareth Jennings, London - Jane's Navy International The US Navy (USN) has officially commenced operations of its Northrop Grumman MQ-4C Triton Broad Area Maritime System (BAMS) unmanned aerial vehicle (UAV), it was announced on 1 June. A ceremony to formally induct the high-altitude long-endurance (HALE) UAV into service with Unmanned Patrol Squadron (VUP)-19 – the navy's first unmanned patrol squadron – was held the previous day at Naval Base Ventura County in Point Mugu, California. VP-19 now has two Triton UAVs, which are housed in specially constructed to facilities designed to accommodate their nearly 40 m wingspans. With this milestone, VP-19 will undertake training and trials ahead of the platform's inaugural overseas deployment, which will be to the Pacific island of Guam later this year. For this and later deployments, the Triton will operate in concert with the manned Boeing P-8A Poseidon maritime multimission aircraft. The MQ-4C Triton has been developed from the Block 30 RQ-4N naval variant of the RQ-4 Global Hawk HALE UAV to provide the USN with a persistent maritime intelligence, surveillance, and reconnaissance (ISR) capability in support of a full range of military operations. Designed for high-altitude, long-endurance ISR tasks, the Triton has a range of about 2,000 n miles and, with an endurance of 24 hours, will be able to cover more than 2.7 million sq miles in a single mission. Its payload primarily comprises the AN/ZPY-3 multifunction active-sensor radar. The USN has established the infrastructure to train its Triton operators at Naval Air Station (NAS) Jacksonville in Florida. Operators undergo training under the supervision of Patrol Squadron (VP) 30 at the 11,600 m2 Integrated Test Center (ITC), which is also used for the training of P-8A Poseidon and P-3 Orion crews. http://www.janes.com/article/80602/us-navy-officially-inducts-triton-uav-into-service

  • US Space Force aims for more resilient architecture by 2026

    February 18, 2022 | International, Aerospace

    US Space Force aims for more resilient architecture by 2026

    The Space Force's procurement organization is making near-term moves to support a push for more resilient on-orbit capabilities.

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