22 October 2021
by Charles Forrester
Israel's Elbit Systems announced on 21 October that it had signed an agreement to sell its 84.98% stake in component manufacturer Ashot Ashkelon to private equity fund FIMI Opportunity Funds.
The deal is valued at USD88 million and will involve Elbit Systems also selling its capital notes in the firm to FIMI. An expected timeline for the sale was not disclosed, however, it remains subject to regulatory approvals and other closing terms.
The remaining 15.02% of the company stake will be a free-float on the Tel Aviv Stock Exchange.
17 April 2024
by Gareth Jennings
A file photo of a Triton UAV. The US Navy HALE UAV has joined the US Air Force Global Hawk and NATO Phoenix UAVs now operating out of Sigonella in Italy. (US Navy)
The US Navy (USN) has commenced operations of its Northrop Grumman MQ-4C Triton Broad Area Maritime System (BAMS) in the European theatre, with the first unmanned aerial vehicle (UAV) departing Naval Air Station (NAS) Sigonella in Sicily for its first sortie on 17 April.
17 April 2024
by Jeremiah Cushman
A computer-generated image of the Hypersonix Launch Systems scramjet-powered DART hypersonic testbed. (Hypersonix Launch Systems)
Hypersonix Launch Systems, headquartered in Brisbane, is building a hypersonic test vehicle for the Defense Innovation Unit's (DIU's) hypersonic and high-cadence testing capabilities (HyCAT) programme. DIU issued a solicitation for the project in September 2022. Hypersonix Launch Systems was awarded a contract for scoping the work in March 2023, and a launch contract in September 2023, Matt Hill, Hypersonix Launch Systems CEO, told Janes on 9 April at the Navy League Sea-Air-Space 2024 global maritime exposition in National Harbor, Maryland.
16 April 2024
by Ridzwan Rahmat
A Japan Coast Guard H225 helicopter. The service has ordered three more airframes of the type. (Airbus Helicopters)
Japan's coastguard service has ordered three more Airbus H225 twin-engine helicopters.
This latest order brings the Japan Coast Guard's (JCG's) total H225 fleet to 18, including airframes that were acquired more than a decade ago, an Airbus spokesperson confirmed to Janes on 16 April.
Most recently, the JCG took delivery of three H225s in December 2023 and one in February 2024.
Israel's Elbit Systems announced on 21 October that it had signed an agreement to sell its 84.98% st...
In this podcast Janes analysts discuss the Iranian attacks on Israel on the 14 April. They highlight the military systems used by Iran and the performance and impact of these on Israel. They also discuss the implications of this attack goi...
Listen now