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January 22, 2020 | International, Aerospace
Top Military Engine Manufacturers By Deliveries/Retirements 2020-2029
Aviation Week Network forecasts that over the next ten years, 18,631 new, western-developed engines will be delivered for new military aircraft or as part of re-engining processes. In the same period 11,669 engines will be retired from service. Note: Engines produced by industrial partnerships such as Eurojet are tracked separately from their partner companies. General Electric will deliver 27.7% of total global deliveries of engines. Out of General Electric's total deliveries, 3,560 will be variants of their T700 series of engines, found on most U.S. military helicopters, including the Sikorsky S-70/H-60. The T700 family alone will account for 19.1% of the total deliveries of engines for military aircraft. In a distant second is Pratt & Whitney, which will deliver 12.7% of total global deliveries. Of those deliveries, 70.9%, will be variants of the F135 engine that powers Lockheed Martin's F-35. Following Pratt & Whitney is Rolls-Royce, which will deliver just 7% engines under their own name but contribute heavily to numerous industrial partnerships. A full 25% of engines are tied to competitions or requirements for which an engine manufacturer has not yet been selected, leaving ample growth opportunity for all manufacturers. General Electric also will see the most engine retirements of any manufacturer between 2020 to 2029, with 36.8% of global retirements. The T700 engine family once again makes up the bulk of General Electric's activity, with 24.4% retirements. Rolls-Royce will have more than twice as many engine retirements as deliveries with 23.4% of all global retirements in the next decade. The retirement of T56 (501) engines, mainly on older-model Lockheed Martin C-130s, is the single-largest driver of retirements for Rolls-Royce. https://aviationweek.com/defense-space/z/top-military-engine-manufacturers-deliveriesretirements-2020-2029
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October 9, 2019 | International, Aerospace
Elbit Systems Awarded $153 Million Contract to Provide a Networked Multi-Layered UAS Array to an Army in Southeast Asia
HAIFA, Israel, October 6, 2019 /PRNewswire/ - Elbit Systems Ltd. (NASDAQ: ESLT, TASE: ESLT) ("Elbit Systems") announced today that it was awarded a contract valued at approximately $153 million to supply an Army of a country in Southeast Asia with a comprehensive, multi-layered array of Unmanned Aircraft Systems (UAS). The contract will be performed over a 22-month period. Under the contract, Elbit Systems will supply a networked multi-layered UAS solution, including more than a thousand THOR Multi-Rotor Vertical Takeoff and Landing (VTOL) mini-UAS, scores of Skylark LEX, Skylark 3 and Hermes 450 tactical UAS as well as Universal Ground Control Stations. Bezhalel (Butzi) Machlis, Elbit Systems President & CEO, commented: "This contract award underlines our competitive edge as armies increasingly view multi-layered UAS solutions as key to providing superior intelligence while maintaining a high level of operational flexibility." 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: elbitsystems.com, follow us on Twitter or visit our official Youtube Channel. 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, Head of Corporate 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 contains forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current fact. Forward-looking statements are based on management's expectations, estimates, projections and assumptions. 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 and uncertainties, which are difficult to predict. 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; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; 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. 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 original content:http://www.prnewswire.com/news-releases/elbit-systems-awarded-153-million-contract-to-provide-a-networked-multi-layered-uas-array-to-an-army-in-southeast-asia-300932680.html SOURCE Elbit Systems Ltd