Category: Defense
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SA Asks: Which defense stock is the best short-term investment? (NYSE:RTX)
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JHVEphoto As armed conflicts in the Middle East and Ukraine continue to escalate, investors may be evaluating whether to move more money into defense stocks. Despite the escalating tensions, defense stocks have had a mixed performance this year, with several well-known names lagging the S&P. 500. Which brings us to…
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Publicly traded Israeli defense companies see boom in orders
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The war that broke out in Israel last year is just one arena of geopolitical conflict around the world in recent years. Before October 7, of course, there was the start of the war between Russia and Ukraine, as well as growing concerns in East Asia about China’s growing power.…
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Defense Ministry to procure 20,000 Israeli-made drones
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The Defense Ministry’s Defense Research and Development Directorate is preparing to issue a multi-million-shekel tender in the coming weeks to purchase 20,000 Israeli-made drones, a source close to the matter told Globes. The companies that win the tender will provide various types of drones, including attack, reconnaissance and intelligence aircraft,…
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Israeli defense firms retain high rankings in worlds top 100
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Elbit, Israel Defense Forces and Rafael once again top the Defense News 2024 rankings. Israel’s largest defense companies maintained their position in Defense News’ ranking of the top 100 global companies for 2024. The combined revenues of the world’s top 100 companies increased by 13% in 2023, after falling by…
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IAI enters $1.9b G2G agreement with Ministry of Defense
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Israel Aerospace Industries (IAI) announced this morning that it has signed an intergovernmental agreement with the Ministry of Defense to be the prime contractor for the manufacture and supply of defense systems to third parties. The total value of the project is expected to be approximately $1.9 billion. Payments to…
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Defense IT co TSG raises NIS 62m in TASE IPO
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TSG Group, which makes advanced IT systems for the defense industry, raised NIS 62 million in an initial public offering on the Tel Aviv Stock Exchange (TASE) at a valuation of NIS 462 million, post-money. TSG is equally owned by Israel Aerospace Industries and Formula Systems (TASE: FORTY) and is…
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In Defense of Bitcoin Culture
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The original article this piece responds to is: Reflections on Bitcoin Culture. Bitcoin is changing our lives. It’s an almost spiritual observation that we’ve all seen within ourselves. After getting some of it, learning how it works, and delving to varying degrees into what this decentralized, uncensorable, proof-of-work currency means,…
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In Defense of Bitcoin Culture
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The original article this piece responds to is: Reflections on Bitcoin Culture. Bitcoin is changing our lives. It’s an almost spiritual observation that we’ve all seen within ourselves. After getting some of it, learning how it works, and delving to varying degrees into what this decentralized, uncensorable, proof-of-work currency means,…
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Morocco becomes huge customer for Israel’s defense industry
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yesterday Israel Aerospace Industries Israel Aerospace Industries (IAI) has announced a $1 billion, five-year deal with an unnamed third party. Foreign media reported that the deal relates to satellites first announced last year. The presence of IAI CEO Amir Peretz in Morocco when the deal was announced also bolstered the…
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Boeing in talks with US defense department on impact of guilty plea
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By David Shepardson WASHINGTON (Reuters) – Boeing Co is in talks with the U.S. Defense Department about how the planemaker’s planned guilty plea will affect its wide-ranging government contracts, a person familiar with the matter said. Boeing Co. has agreed to plead guilty to a charge of criminal fraud conspiracy…
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Ripple Intensifies Defense With New Submission In SEC Case
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Ripple Labs has filed a Notice of Supplemental Authority to bolster its position in its ongoing legal battle with the Securities and Exchange Commission (SEC). The filing was filed in the United States District Court for the Southern District of New York in response to the SEC’s request for relief…
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Israel’s Defense Ministry spending NIS 30b on local procurement
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Since the start of the war in October, the Israeli Ministry of Defense has spent NIS 30 billion, including value-added tax, on domestic purchases, according to information from the Defense Ministry’s Production and Procurement Department, seen by Globes. More than half of this amount was spent on defense equipment, ammunition…
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India boosts defense ties with Bangladesh as it tries to become a counterweight to China
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Breadcrumb links BMN Business Article writer: Associated Press Ashok Sharma Posted on June 22, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content NEW DELHI (AP) — India and Bangladesh on Saturday moved to…
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Factbox-Patriot in focus amid missile defense system shortage By Reuters
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(Reuters) – As the Ukrainian military suffers from a shortage of missile defense systems amid Russia’s bombing of its energy infrastructure, the focus is on Patriot systems, which have helped Kiev defend itself against attacks. What is the Patriot system? The Phased Tracking Target Interdiction Radar, or PATRIOT, is an…
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Israel and Morocco defense cooperation deepens
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The Israeli Navy’s new landing ship, INS Komemiyut, which arrived in Israel this week from the United States, did so after contacting Morocco to receive supplies, according to information received by Globes from sources familiar with the matter, and supported by ship logs on the Vessel website. Finder. As part…
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Israel and Morocco defense cooperation deepens
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The Israeli Navy’s new landing ship, INS Komemiyut, which arrived in Israel this week from the United States, did so after contacting Morocco to receive supplies, according to information received by Globes from sources familiar with the matter, and supported by ship logs on the Vessel website. Finder. As part…
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Israeli defense cos signed export orders worth record $13b in 2023
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Israeli defense companies signed new export orders worth a record $13.073 billion in 2023, the Defense Ministry’s Directorate for International Defense Cooperation (SIBAT) said. This is the third year in a row that the record has been broken with new orders worth $12.5 billion in 2022, and $11.3 billion in…
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FIMI in talks to buy 50% of defense co Marom Dolphin
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Israeli private equity firm FIMI Opportunity Fundsled by founder and CEO Ishai Davidi, is about to acquire a 50% controlling stake in the Israeli defense company Marum Dolphin. The company, which develops and manufactures tactical carrying solutions for the armed forces, has benefited from increasing orders from the IDF since…
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Ethereum’s Vitalik Buterin Donates 30 ETH to Support Tornado Cash Devs’ Legal Defense
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Ethereum co-founder Vitalik Buterin has donated 30 ETH, worth approximately $113,000, to support the legal defense of Tornado Cash developers Alexey Pertsev and Roman Storm through decentralized fundraising platform Juicebox. According to on-chain data, practical From an address associated with Buterin, called Vitalik.eth, sent at 1:58 AM EST on May…
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Israeli defense co Roboteam wins US Marines deal
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Israeli Unmanned Ground Vehicles Company Robot teamThe company, which develops and manufactures robots for military and security missions, announced the receipt of an initial purchase order to provide more than 130 Mini Tactical Ground Robots (MTGR) to the US Marine Corps. This order is part of a larger follow-on order…