Rafael Advanced Defense Systems Ltd. has completed the acquisition of Pearson Engineering Ltd. (PER). The acquisition was executed under a stock purchase agreement (SPA), transferring 100% of the ownership. The acquisition includes PER’s subsidiary company Responsive Engineering Ltd.
WASHINGTON — A White House official said Tuesday Russia’s sanctions-struck defense industry is creating an “opportunity” for U.S. and western defense firms to take a bite of Moscow’s share of the market.
“As a practical matter, countries that have had to rely on Russian equipment are going to f…
HAIFA, Israel — Elbit Systems Ltd. announced today that it was awarded a contract valued at $120 million to supply Hermes 900 Maritime Unmanned Aircraft Systems (UAS) and training capabilities to the Royal Thai Navy. The contract will be performed over a three-year period.
NEW DELHI — Faced with a belligerent China on the Line of Actual Control (LAC), the Army is set to order 100 more K9 Vajra Tracked Self-Propelled Howitzer from private defence major Larsen and Toubro (L&T) for their deployment at the northern borders.
WASHINGTON — The State Department has made a determination approving a possible Foreign Military Sale to the Government of Kuwait of M1A2K tank operational and training ammunition and related equipment for an estimated cost of $250 million. The Defense Security Cooperation Agency delivered the req…
DALLAS — The U.S. Army has awarded Lockheed Martin a $158 million contract to produce additional Early Operational Capability (EOC) Precision Strike Missiles (PrSM). This is the second production contract received to date and follows a successful Manufacturing Readiness Assessment milestone visit …