Elbit Systems divests Ashot Ashkelon holding

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.


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AFRL pursues multispectral threat warning under EOS-DEW

by Richard Scott

The US Air Force has launched an effort to develop and demonstrate prototype advanced integrated threat warning system technologies to address multispectral guided missiles, hostile fire, and directed energy weapon systems.


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Brazilian Army mulls loitering munitions and armed UAVs

by Victor Barreira

The Brazilian Army uses the hand-launched FT-100 fixed-wing ISTAR tactical UAV for different applications. (FT SISTEMAS S/A)

The Brazilian Army is seeking to adopt unmanned combat tactical effectors such as loitering munitions and armed unmanned aerial vehicles (UAVs).

The army is conducting preliminary studies that are expected to culminate with the publication of requirements for such systems over the next few years, Lieutenant Colonel Leonardo Gomes Saraiva, Army High-Staff supervisor of the Subprogram Remotely Piloted Aircraft Systems (SPrg SARP), told Janes .


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Increasing availability key to future A400M sales, Airbus official

by Gareth Jennings

Airbus notes that availability of its A400M remains an issue for current and prospective users, and that the company is committed to addressing outstanding problems. (Janes/Gareth Jennings)

Airbus needs to improve the availability of its A400M Atlas if it is to build on the transport aircraft's recent export successes, a senior company official said on 30 November.


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https://www.janes.com/defence-news/industry-headlines/latest/elbit-systems-divests-ashot-ashkelon-holding

Israel's Elbit Systems announced on 21 October that it had signed an agreement to sell its 84.98% st...

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