logo
Israel to show fresh weapons at Paris Air Show

Israel to show fresh weapons at Paris Air Show

Yahoo12-06-2025
JERUSALEM — Israeli defense companies plan to exhibit new weaponry at the Paris Air Show next week amid a cooling of relations with France over the conduct of the Gaza war, according to the Israeli Ministry of Defense and local defense companies.
The highlight of the Israeli defense systems at the show is expected to be Rafael's high-energy laser weapon system family: the Iron Beam 450mm, Iron Beam-M 250mm and the Lite Beam, defense officials said.
The Iron Beam suite is a defensive weapon against short-range rockets, missiles and drones. Its expected display in Paris comes after Israel's recent announcement of successful drone interceptions by lasers during the ongoing Israel-Gaza war.
Israel Aerospace Industries (IAI) will also showcase its aerial defense systems, focusing on the Arrow anti-ballistic missile and the Barak MX integrated air and missile defense systems.
The Arrow was developed with U.S. funding and in collaboration with the Boeing. The system operates two types of interceptors, the Arrow-2 and Arrow-3, and consists of a command-and-control system and fire control.
The Barak MX system is a modular, multi-mission active defense system of sea-to-air and surface-to-air missiles designed to defend against aircraft, helicopters, aerial drones, anti-ship missiles and cruise missiles. Its original purpose was to protect vessels and strategic naval installations.
IAI will also present its Heron MK II UAV, which has the ability to collect intelligence on targets from a long distance. Also shown will be the Scorpius-G, designed to aerial threats using electromagnetic beams, and the company's Wind Demon, a long-range air-to-surface cruise missile.
Elbit Systems announced a week before the opening of the French defense exhibition that it will also introduce the company's latest developments in the aerial domain, but did not specify which systems.
There is still uncertainty among Israeli defense companies regarding their participation in the Paris Air Show in light of the tense situation between France and Israel amidst the ongoing war in Gaza. In last May, France canceled the participation of Israeli defense companies in the Eurosatory 2024 event.
Yoav Turgeman, CEO of Rafael, addressed the issue during a press briefing held by the company two weeks before the opening of the Paris Air Show, saying that 'for now everything is business as usual. We have not received any notification on the subject.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

This cybersecurity stock could be good for 22% upside from here, says Bank of America
This cybersecurity stock could be good for 22% upside from here, says Bank of America

CNBC

time3 hours ago

  • CNBC

This cybersecurity stock could be good for 22% upside from here, says Bank of America

Palo Alto Networks ' long-term prospects are improving and could be a catalyst for the stock, according to Bank of America. The firm upgraded the cybersecurity stock to buy from neutral on Tuesday, and reiterated its $215 per share price target. BofA's forecast calls for more than 22% upside from Monday's $176.17 close. Shares jumped 6% in premarket trading. PANW YTD mountain Palo Alto Networks stock in 2025. Analyst Tal Liani said he expects the company's free cash flow to "step up" from here, and added that the firm favors "technological and product leadership which should help to solidify Palo Alto as a cybersecurity leader longer term." "At a high level, the company's strategy appears to be working well, with 1400 platform deals, and software is driving up growth, accounting now for 56% of product revenues vs. 44% last year," he added. The firm's fourth-quarter results surpassed analyst estimates on the top and bottom line on Monday. Last week, Palo Alto Networks announced plans to purchase Israeli security provider CyberArk in a $25 billion deal. Shares have pulled back more than 3% so far in 2025.

Israel set to approve 'largest' gas supply deal in its history to Egypt
Israel set to approve 'largest' gas supply deal in its history to Egypt

Yahoo

time3 hours ago

  • Yahoo

Israel set to approve 'largest' gas supply deal in its history to Egypt

The Israeli government is set to finalise a major gas supply agreement with Egypt, involving the export of 22% of resources from Leviathan, Israel's largest gas field, and 13% of the country's total natural gas to Cairo over several years. The deal comes after two years of delays and is expected to be signed in the next two weeks. New Energy, a partner in the Leviathan field, described the agreement as the "largest" in the history of the Hebrew state, noting that it will triple Israeli exports by 2028. The company announced that Egypt will buy 130 billion cubic metres of Israeli gas until 2040, worth up to $35 billion (€30bn). The project is an amendment to the 2019 agreement signed by Israeli Prime Minister Benjamin Netanyahu and Egyptian President Abdel Fattah el-Sisi, which stipulated the export of only around 60 billion cubic metres by the early 2020s. The project allows Israel to increase natural gas production and export it to Asian and European markets, while at the same time guaranteeing Egypt a stable supply for its power plants and supporting the country's liquefied natural gas (LNG) sector. Stages of the deal and quantities of gas NewMed Energy (formerly known as Delek Drilling) confirmed that the deal will take place in phases, with Cairo first buying the gas through Egyptian importers Blue Ocean Energy, with 20 billion cubic metres starting in the first half of 2026, and an additional 110 billion cubic metres after the expansion of Leviathan's production is completed, according to the Hebrew newspaper Globes. The company described the deal as pivotal, as it will allow the field's production capacity to expand from 21 billion cubic metres to 23 billion cubic metres per year, strengthening Leviathan's position as one of the most important gas sources in the region. Related Top UK CEOs richer than ever: FTSE 100 boss pay breaks records for third year EU signs €500 million loan to safeguard Ukraine's energy security ahead of winter Export plan for Israel's domestic economy By 2035, Israel will export 60% of the gas produced in the field, while 40% will be allocated to the domestic market to meet the needs of new power plants. In 2024, the field produced about 11 billion cubic metres of gas, 50% of which was exported to Egypt, while the rest was distributed between Israel's domestic economy and Jordan. In terms of gas supply to the Israeli economy, NewMed Energy confirmed that the expansion will ensure that from the 2040s, Leviathan will be Israel's main source of gas, providing the bulk of the country's natural gas consumption until the end of the field's life. Sign in to access your portfolio

PANW Earnings: Palo Alto Networks Reports Strong Results, Says Company Founder Is Retiring
PANW Earnings: Palo Alto Networks Reports Strong Results, Says Company Founder Is Retiring

Business Insider

time11 hours ago

  • Business Insider

PANW Earnings: Palo Alto Networks Reports Strong Results, Says Company Founder Is Retiring

Palo Alto Networks' (PANW) stock is up 5% after the cybersecurity firm reported financial results that beat Wall Street forecasts on both the top and bottom lines. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. For its Fiscal fourth quarter, Palo Alto Networks reported earnings per share (EPS) of $0.95. That topped the $0.88 consensus expectation of analysts. Revenue in the period totaled $2.54 billion, which was ahead of the $2.50 billion forecast on Wall Street. Sales were up 16% from a year earlier. In terms of guidance, Palo Alto Networks said that it expects Fiscal 2026 earnings per share of $3.75 to $3.85 on revenue of $10.47 billion to $10.52 billion. That was ahead of Wall Street calls for $3.67 a share in profit and sales of $10.42 billion. Palo Alto Networks' income statement. Source: Main Street Data Company Founder Retires Along with its latest financial results, Palo Alto Networks announced that company founder and Chief Technology Officer (CTO) Nir Zuk is retiring. Specifically, Zuk, who founded the cybersecurity company in 2005, is stepping down from his role as CTO. A replacement for Zuk has not been announced publicly. In July of this year, Palo Alto Networks announced plans to buy Israeli identity security provider CyberArk (CYBR) for $25 billion. It's the largest deal Palo Alto Networks has ever made and comes amid an acquisition spree that began after CEO Nikesh Arora took control of the company in 2018. PANW stock is down 3% this year. Is PANW Stock a Buy? Palo Alto Networks stock has a consensus Strong Buy rating among 37 Wall Street analysts. That rating is based on 30 Buy, six Hold, and one Sell recommendations issued in the last three months. The average PANW price target of $215.73 implies 22.36% upside from current levels. These ratings could change after the company's financial results.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store