IMI Systems

Elbit Systems Appoints New Independent Director

Retrieved on: 
Tuesday, June 20, 2023
Bar-Ilan University, Elbit Systems, Technological and Logistics Directorate, Electronic waste, Government, IMI Systems, Ministry, Jordanian Northern Command, TASE, Geophysical Institute, Protection, Articles of association, Management, Ecology

From 2016 until May 2020, Mr. Adam served as director general of the Israeli Ministry of Defense.

Key Points: 
  • From 2016 until May 2020, Mr. Adam served as director general of the Israeli Ministry of Defense.
  • Since 2020, Mr. Adam has served as a director of Arma Ferrea Ltd., a company that develops and manufactures reactive armor systems, and as a director of Arma Kinetica Ltd., a company in the field of kinetic energy solutions.
  • In 2016, Mr. Adam served as chair of the board of IMI Systems Ltd., formerly an Israeli government owned defense company later acquired by the Company.
  • As of June 25, 2023, Mr. Yoram Ben-Zeev will no longer serve as a director of Elbit Systems, having completed nine years of service as an Independent Director provided by the Israeli Companies Law.

Active Protection System (Defense, Homeland Security) Markets: Soft Kill System, Hard Kill System, Reactive Armor - Global Forecast to 2027 - ResearchAndMarkets.com

Retrieved on: 
Monday, November 14, 2022
Automotive Manufacturing, Aerospace, Manufacturing, Homeland Security, Other Manufacturing, Military, Government Technology, Other Defense, Defense, Contracts, Public Policy, Government, Automation, Prevalence, Rheinmetall, Raytheon Company, Rafael Advanced Defense Systems, Radar, Defense, Artis, LLC, KBM, Region, USD, Research, Safety, ASELSAN, Growth, Unmanned aerial vehicle, COVID-19, IMI Systems, Tunnel, Weapon, Vaccine

The "Active Protection System Market by End User (Defense, Homeland Security), Platform (Ground, Marine, Airborne), Kill System Type (Soft Kill System, Hard Kill System, Reactive Armor) and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Active Protection System Market by End User (Defense, Homeland Security), Platform (Ground, Marine, Airborne), Kill System Type (Soft Kill System, Hard Kill System, Reactive Armor) and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
  • The active protection system market is projected to grow from USD 3.9 billion in 2022 to USD 5.2 billion by 2027, at a CAGR of 5.5% 2022 to 2027.
  • As a result of the Asia Pacific lockdown, many businesses in the active protection system industry have lost revenue.
  • The soft kill system segment is anticipated to lead the active protection system market in the near future.

Global Active Protection System Market Research Report 2022 Featuring Rafael Advanced Defense Systems, Israel Military Industries, KBM, Raytheon Co, Artis LLC, Rheinmetall AG, and ASELSAN SA

Retrieved on: 
Friday, November 18, 2022
Automation, Growth, Defense, Region, Artis, LLC, ASELSAN, Safety, Rheinmetall, Research, IMI Systems, KBM, COVID-19, Radar, USD, Unmanned aerial vehicle, Prevalence, Rafael Advanced Defense Systems, Raytheon Company, Weapon, Vaccine

The spread of COVID-19 in the United States and Europe is expected to be slowed by lockdowns at active protection system vehicle research and development centres.

Key Points: 
  • The spread of COVID-19 in the United States and Europe is expected to be slowed by lockdowns at active protection system vehicle research and development centres.
  • As a result of the Asia Pacific lockdown, many businesses in the active protection system industry have lost revenue.
  • The soft kill system segment is anticipated to lead the active protection system market in the near future.
  • Major players such as Rafael Advanced Defense Systems (Israel), Israel Military Industries (Israel), KBM (Russia), Raytheon Company (US), Artis LLC (US), Rheinmetall AG (Germany), and ASELSAN SA (Turkey), among others, manufacture active protection systems.

Active Protection System Market to hit USD 6095.4 Million in 2027, Says Brandessence Market Research

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Friday, May 20, 2022
Airbus, Risk, Hard, Rheinmetall, Saab AB, Acceleration, Contract, Solution, KBM, Weapon, Artis, LLC, USD, IMI Systems, Radar, Defense, Raytheon Company, Global, Pressure, Technology, Safety, Safran Electronics & Defense, CAGR, Growth, Renewable energy, Aselsan

The Global Active Protection System Market size was Valued at USD 4027.1 Million in 2020.

Key Points: 
  • The Global Active Protection System Market size was Valued at USD 4027.1 Million in 2020.
  • These are major factors that are developing the global active protection system market.
  • The segmentation of the global active protection system market has been done on the basis of platform and the kill system type.
  • On the basis of the kill system, the active protection system market is seeing most demand from the soft kill segment.

Active Protection System Market to hit USD 6095.4 Million in 2027, Says Brandessence Market Research

Retrieved on: 
Friday, May 20, 2022
Airbus, Risk, Hard, Rheinmetall, Saab AB, Acceleration, Contract, Solution, KBM, Weapon, Artis, LLC, USD, IMI Systems, Radar, Defense, Raytheon Company, Global, Pressure, Technology, Safety, Safran Electronics & Defense, CAGR, Growth, Renewable energy, Aselsan

The Global Active Protection System Market size was Valued at USD 4027.1 Million in 2020.

Key Points: 
  • The Global Active Protection System Market size was Valued at USD 4027.1 Million in 2020.
  • These are major factors that are developing the global active protection system market.
  • The segmentation of the global active protection system market has been done on the basis of platform and the kill system type.
  • On the basis of the kill system, the active protection system market is seeing most demand from the soft kill segment.

New Analysis from Global Industry Analysts Reveals Strong Growth for Remote Weapon Station, with the Market to Reach $16.2 Billion Worldwide by 2026

Retrieved on: 
Friday, October 22, 2021
Elbit Systems, IMI Systems, Research, BAE Systems, SAN, Norinco, Raytheon Company, SAAB, ST Engineering, General Dynamics, Rheinmetall, NORINCO, Homeland security, Engineering, Players, Intelligence, PLC, Marketing, HMI, Component, Internet, CAGR, COVID-19, Growth, Non-lethal weapon, Forecasting, Weapon, GIA, Remote controlled weapon station, FLW remote weapon station, Moog Inc., Sensor, Renewable energy, Pet

SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Remote Weapon Station - Global Market Trajectory & Analytics" .

Key Points: 
  • SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Remote Weapon Station - Global Market Trajectory & Analytics" .
  • Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more.
  • The U.S. Market is Estimated at $3.1 Billion in 2021, While China is Forecast to Reach $2.8 Billion by 2026
    The Remote Weapon Station market in the U.S. is estimated at US$3.1 Billion in the year 2021.
  • Global Industry Analysts, Inc., ( www.strategyr.com ) is a renowned market research publisher the world`s only influencer driven market research company.

Elbit Systems Signs Definitive Agreement to Sell Ashot to FIMI Opportunity Funds for $88 Million

Retrieved on: 
Thursday, October 21, 2021
Elbit Systems, Engineering, IMI, LinkedIn, Quality control, Twitter, TASE, Insurance, NASDAQ, Tungsten, IMI Systems, Intelligence, FIMI, Company, Computer, CEO, Facebook, EW, Acquisition, Sale, NIS, Financial services, Weapon

(NASDAQ:ESLT) and (TASE: ESLT) ("Elbit Systems") announced today the signing of a definitive agreement for the sale of all ordinary shares held by its wholly-owned Israeli subsidiary, IMI Systems Ltd. ("IMI"), in IMI's 84.98%-owned subsidiary, Ashot Ashkelon Industries Ltd. (TASE: ASHO) ("Ashot") and all capital notes of Ashot held by IMI and Elbit Systems, to FIMI Opportunity Funds ("FIMI"), for approximately $88 million in cash (approximately NIS 285million).

Key Points: 
  • (NASDAQ:ESLT) and (TASE: ESLT) ("Elbit Systems") announced today the signing of a definitive agreement for the sale of all ordinary shares held by its wholly-owned Israeli subsidiary, IMI Systems Ltd. ("IMI"), in IMI's 84.98%-owned subsidiary, Ashot Ashkelon Industries Ltd. (TASE: ASHO) ("Ashot") and all capital notes of Ashot held by IMI and Elbit Systems, to FIMI Opportunity Funds ("FIMI"), for approximately $88 million in cash (approximately NIS 285million).
  • Ashot specializes in the manufacture of jet engine shafts, transmissions, gears and gearboxes, landing gear components and tungsten products for the aerospace and defense industries.
  • FIMI is a leading private equity fund in Israel with more than $5.5 billion in assets under management.
  • Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, said: "Since the acquisition of IMI by Elbit Systems, Ashot has undergone several processes to improve its business focus and operational efficiency.

Global Anti-Tank Missile System Market 2021-2025, Featuring BAE Systems Plc, Denel Dynamics, General Dynamics Corp., IMI Systems Ltd., Lockheed Martin Corp., MBDA and Northrop Grumman Corp - ResearchAndMarkets.com

Retrieved on: 
Monday, August 23, 2021
Other Defense, Defense, MBDA, Northrop Grumman, CAGR, General Dynamics, Lockheed Martin, IMI Systems, Raytheon Technologies, Saab AB, Denel Dynamics, Time-invariant system, Weapon

The anti-tank missile system market is poised to grow by $384.67 million during 2021-2025, progressing at a CAGR of over 3% during the forecast period.

Key Points: 
  • The anti-tank missile system market is poised to grow by $384.67 million during 2021-2025, progressing at a CAGR of over 3% during the forecast period.
  • This study identifies the growing urban warfare as one of the prime reasons driving the anti-tank missile system market growth during the next few years.
  • The report on anti-tank missile system market covers the following areas:
    The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading anti-tank missile system market vendors that include BAE Systems Plc, Denel Dynamics, General Dynamics Corp., IMI Systems Ltd., Lockheed Martin Corp., MBDA, Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corp., and Saab AB.
  • Also, the anti-tank missile system market analysis report includes information on upcoming trends and challenges that will influence market growth.

Elbit Systems Issues a Cash Tender Offer for Ashot's Shares

Retrieved on: 
Tuesday, April 7, 2020
Elbit Systems, Companies, IMI Systems, Ashot Ashkelon, Elbit Imaging, Ares Aeroespacial e Defesa

HAIFA, Israel, April 7, 2020 /PRNewswire/ --Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that its wholly-owned Israeli subsidiary, IMI Systems Ltd. ("IMI"), has issued a conditional full cash tender offer (the "Tender Offer") to acquire all ordinary shares of the Israeli publicly-traded company, Ashot Ashkelon Industries Ltd. ("Ashot"), held by the public, currently representing approximately 15.02% of Ashot's outstanding share capital.

Key Points: 
  • HAIFA, Israel, April 7, 2020 /PRNewswire/ --Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that its wholly-owned Israeli subsidiary, IMI Systems Ltd. ("IMI"), has issued a conditional full cash tender offer (the "Tender Offer") to acquire all ordinary shares of the Israeli publicly-traded company, Ashot Ashkelon Industries Ltd. ("Ashot"), held by the public, currently representing approximately 15.02% of Ashot's outstanding share capital.
  • The Tender Offer documents, detailing the terms of the offer, have been filed with the Israeli Securities Authority and the Tel Aviv Stock Exchange.
  • The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land, and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems and munitions.
  • Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies.

Elbit Systems Awarded $30 Million Contract to Provide High-Precision Guided Mortar Munitions to an Asia-Pacific Country

Retrieved on: 
Thursday, April 11, 2019
Targeting, Aerial bombs, Elbit Systems, Precision-guided munition, Mortar, IMI Systems, Global Positioning System, Companies

HAIFA, Israel, April 11, 2019 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT)("Elbit Systems" or "the Company") announced today that it was awarded an approximately $30 million contract to supply STYLET, a precise Guided Mortar Munition (GMM) to a country in Asia-Pacific.

Key Points: 
  • HAIFA, Israel, April 11, 2019 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT)("Elbit Systems" or "the Company") announced today that it was awarded an approximately $30 million contract to supply STYLET, a precise Guided Mortar Munition (GMM) to a country in Asia-Pacific.
  • With a range of 1000-8500m, STYLET is a multi-mode GPS/INS guided 120mm GMM that is designed for tactical combat units and Special-Forces.
  • Yehuda (Udi) Vered, General Manager of Elbit Systems Land, commented, "We are proud of the introduction of this new round into our portfolio of precise Guided Mortar Munitions.
  • This contract award underscores the Company's significantly improved positioning in the ordnance area in general, and in the area of precise guided munitions in particular, following the acquisition of IMI Systems."