Rapid Fire 2011-04-12: Israel’s Defense Budget

Rapid Fire 2011-04-12: Israel’s Defense Budget

* Growth in worldwide military spending slowed to 1.3% in 2010, down from 5.9% in 2009, but overall spending still hit a record $1.63 trillion, according to an annual report by the Stockholm International Peace Research Institute. * The Israeli Knesset’s Finance...
Rapid Fire 2011-04-12: Israel’s Defense Budget

Rapid Fire 2011-04-11: S-500 Air Defense System

* Israel’s Iron Dome rocket/artillery defense system in action. * Israel’s Elbit Systems sues government of Georgia in UK court for $100 million in connection with military contracts signed in 2007. * RAF Tornado takes out a Libyan tank. * Still cutting:...
Rapid Fire 2011-04-12: Israel’s Defense Budget

Rapid Fire 2011-04-08: Small Business Contracting Compliance

* Manufacturing Institute releases their “Roadmap for Education Reform for Manufacturing” – download full report here [PDF]. * Sen. Shaheen [D-NH] unveils Inspiration School Grant Program initiative to close the US robotics gap with Asian nations. *...
Rapid Fire 2011-04-12: Israel’s Defense Budget

Elbit Turns Initial Mikal Stake Into Targeted Acquisitions

In June 2009, Elbit Systems in Haifa, Israel, agreed to pay $18 million for a 19% stake in fellow Israeli defense firm Mikal Ltd., the country’s 2nd largest privately owned defense conglomerate. The Mikal group operates through 3 main divisions: Soltam Systems,...