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.
AFRL pursues multispectral threat warning under EOS-DEW
03 December 2021
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.
Brazilian Army mulls loitering munitions and armed UAVs
03 December 2021
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
The Power of Geography: A conversation with Tim Marshall
In this episode of the Janes podcast, Tim Marshall, journalist and author of The Power of Geography, in conversation with Terry Pattar, examine how our politics, demographics, economies and societies are determined by geography.
Tim Marshall w...