US-South Korea defense talks on track, but November not a hard deadline, US official says

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  May 7, 2020 | International, Aerospace

  German government asks Lockheed, MBDA to rebid on missile defense system

  By: Sebastian Sprenger COLOGNE, Germany — The German government has given Lockheed Martin and MBDA the go-ahead to bid anew on the TLVS air defense program. The latest request for a proposal, transmitted Wednesday, is the third iteration after previous attempts to draft a contract failed. If the vendor team decides to pursue the business, a new offer is expected by the summer. A Lockheed spokesman confirmed receipt of the solicitation but said the company could not comment further. The program, short for Taktisches Luftverteidigungssystem, is meant to wean Germany off the venerable Patriot air defense weapon. Formerly developed in concert with the United States and Italy, TLVS boasts a 360-degree sensing and shooting capability meant to lower its footprint in the field and allow for intercepts against threats from all directions. The Germans want a system that grants its military operators maximum national autonomy, meaning the government wants to own the rights to relevant software and hardware without having to consult with Washington to employ or modify the weapon. That requirement previously turned out to be a major headache in the negotiations with industry, especially relating to the Lockheed-made interceptor known as the Patriot Advanced Capability-3 Missile Segment Enhancement. It also remains to be seen how firmly Berlin sticks to its guns on the issue in the upcoming round of talks. News of movement in the prospective multibillion-dollar program comes as the German Defence Ministry announced another major acquisition decision last month that continues to make headlines. The government has proposed a split buy of Eurofighter and F-18 fighter jets to replace its Tornado fleet by 2030, prompting spirited debates among German lawmakers, industry advocates and analysts. https://www.defensenews.com/global/europe/2020/05/06/german-government-asks-lockheed-mbda-to-re-bid-on-missile-defense-system/

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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

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  January 15, 2021 | International, Aerospace

  Indian government clears $6.5 billion deal for homemade Tejas fighter jets

  By: Vivek Raghuvanshi NEW DELHI — India on Wednesday cleared the country's largest-ever indigenous defense deal worth $6.5 billion for the purchase of 83 LCA MK1A Tejas light combat aircraft. The deal was approved by the government's apex security body, the Cabinet Committee on Security, which is chaired by Prime Minister Narendra Modi. The deal will see state-owned Hindustan Aeronautics Limited manufacture 73 LCA MK1A Tejas fighter versions and 10 trainers versions, the Ministry of Defence said. “This deal will be a game-changer for self-reliance in Indian defence manufacturing. It would act as a catalyst for transforming the domestic aerospace ecosystem. The LCA-Tejas is going to be the backbone of the [Indian Air Force] fighter fleet in the years to come,” Defence Minister Rajnath Singh said. “Under the Atmanirbhar Bharat Abhiyaan [Self-Reliant India Initiative], India is continuously growing in its power to indigenously design, develop and manufacture advanced cutting edge technologies and systems in the defence sector,” the MoD said in a statement. “About 500 Indian companies including MSMEs [micro, small and medium enterprises] in the design and manufacturing sectors will be working with HAL in this procurement. The programme would act as a catalyst for transforming the Indian aerospace manufacturing ecosystem into a vibrant self-sustaining ecosystem.” The MoD said this deal is the first “Buy (Indian-Indigenously Designed, Developed and Manufactured)” category procurement of combat aircraft with indigenous content of at least 50 percent — and it's expected that will increase to 60 percent by the end of the program. HAL Chairman Ramakrishnan Madhavan said the Tejas program will involve the highest level of local work in comparison to any Indian program of this scale. According to a senior HAL executive, the private defense companies that will support assembly include Larsen & Toubro for the wings, Dynamatic Technologies for the front fuselage, Alpha Tokal for the rear fuselage, and VEM Technologies for the center fuselage. The LCA MK1A fighters will have new capabilities including midair refueling; improvement in operational roles; enhanced combat capability; maintainability improvements; and active electronically scanned array radar, an electronic warfare suite and beyond-visual-range missile capabilities, a company executive said. The Indian Air Force will sign a formal contract with HAL during the Aero India air show in Bengaluru next month, according to an MoD official. Each LCA MK1A fighter is powered by a single F404-GE-IN20 engine, and each jet will cost about $78.5 million, another HAL executive said, adding that the program is expected to generate 5,000 jobs in India. https://www.defensenews.com/air/2021/01/14/indian-government-clears-65-billion-deal-for-homemade-tejas-fighter-jets