Elbit Systems Ltd. announced today that it was awarded a contract worth approximately $190 million to supply its Iron Sting laser and GPS-guided mortar munition to the Israeli Ministry of Defense. The contract will be performed over a period of 2 years.
Airbus and Avolon will investigate how future hydrogen-powered aircraft could be financed and commercialised, and how they might be supported by the leasing business model.
The companies entered into a contract with the Directorate of Naval Armaments of the General Secretariat of Defence and National Armaments Directorate for the procurement of Vessels for research and clearance of sea mines.
The Düsseldorf-based technology group Rheinmetall has been commissioned by the Swiss Confederation to manufacture and supply 81mm mortar cargo ammunition.
The agreement covers the development and production of small affordable engines for possible use in unmanned aerial systems, collaborative combat aircraft, and similar applications.
Optimised for a cruise speed of more than 400 km/h, the Racer demonstrator aims to achieve the best trade-off between speed, cost-efficiency, and mission performance.