Latest news with #Israel-based
NDTV
7 hours ago
- Politics
- NDTV
Watch: Israel Becomes First Country To Shoot Down Enemy Drones With Laser Weapon
Israel has become the first country in the world to use laser weapons to shoot down enemy drones during the ongoing war in Gaza. The Israeli Air Force's Aerial Defense Array used the prototype laser air defences during the "Swords of Iron War" to reach a significant milestone in modern warfare, where the use of laser weapons has long been theorised. Developed by Israel-based defence company Rafael Advanced Defense Systems, these energy weapons direct an intense beam of light at a target and use heat to damage or destroy it. "Throughout the current war, the IAF, including its Aerial Defense Array soldiers, studied and deployed the laser systems in the field, achieving outstanding interception rates that saved civilian lives and protected national assets," Rafael said in a statement. Brigadier General Yehuda Elmakayes, head of the ministry's defence and research directorate, confirmed that the use of prototypes "culminated" with the "world's first successful high-power laser interceptions on the battlefield". "We are currently integrating these insights into the systems under development, while expanding the range of laser-based systems to protect Israeli civilians and IDF forces," he said. Laser beam weapon in action Video shared by Israel's Ministry of Defense showcased the laser weapon system in action as it made at least three interceptions. In one of the skirmishes, the laser could be seen igniting the drone's wingtip, causing it to burn and crash. These enemy flying weapons appeared similar to the types of drone threats Israel has faced from Hamas, Hezbollah, as well as the Iranian-backed Houthis in Yemen. The drones have a crucifix-like design with a V-tail at the rear. This is amazing 🇮🇱 During the last war, Israel conducted operational testing of the Magen Or laser interception system, mainly in the northern region, and the system recorded operational successes in the field of interception. — Adi 🎗 (@Adi13) May 28, 2025 BREAKING - During recent operations, the Israeli Defense Forces deployed the 'Magen Or' (Shield of Light) laser interception system in the northern sector for testing. The system successfully neutralized multiple hostile UAVs, including four Hezbollah drones, proving its… — Vanguard Intel Group 🛡 (@vanguardintel) May 28, 2025 The Israeli military intends to use the laser system in tandem with the powerful Iron Beam system," a larger network of similar systems that's in the works. Experts believe that laser systems are useful for eliminating cheaper enemy targets like drones rather than spending expensive missile interceptors.
Yahoo
2 days ago
- Business
- Yahoo
Elbit Systems Ltd. (ESLT) Secures $330M in Naval Defense Contracts
Elbit Systems Ltd. (NASDAQ:ESLT) has announced receiving several naval defense contracts from international customers, including NATO member states, with an aggregate value of $330 million. Pavel Vakhrushev/ These contracts cover a broad range of naval solutions, underscoring Elbit Systems Ltd. (NASDAQ:ESLT)'s growing role in strengthening the naval capabilities of customers worldwide. The award programs include the provision of electronic warfare solutions, advanced anti-submarine warfare systems, combat management systems, modernization and upgrade programs, and more. Elbit Systems Ltd. (NASDAQ:ESLT)'s naval portfolio continues to evolve amid robust demand for real-time intelligence, multi-domain integration, and resilient defense capabilities. The company's naval technologies are already in use by several countries worldwide. Bezhalel Machlis, President and CEO of Elbit Systems Ltd. (NASDAQ:ESLT), stated the following on the recent contract awards: "The maritime domain represents an important growth engine for Elbit Systems, combining our internally developed capabilities with the assets and expertise acquired through strategic acquisitions. These recent contract wins highlight the increasing recognition of our technological leadership and the strong confidence that leading naval forces place in our ability to deliver cutting-edge, mission-ready solutions that meet the demands of today's evolving operational landscape." The Israel-based defense technology company has seen its shares skyrocket by over 54% year-to-date, with high-value contracts such as these bolstering investor sentiment. It is one of the best performing stocks this year. While we acknowledge the potential of ESLT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ESLT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None.
Yahoo
3 days ago
- Business
- Yahoo
Elbit Systems Ltd. (ESLT) Secures $330M in Naval Defense Contracts
Elbit Systems Ltd. (NASDAQ:ESLT) has announced receiving several naval defense contracts from international customers, including NATO member states, with an aggregate value of $330 million. Pavel Vakhrushev/ These contracts cover a broad range of naval solutions, underscoring Elbit Systems Ltd. (NASDAQ:ESLT)'s growing role in strengthening the naval capabilities of customers worldwide. The award programs include the provision of electronic warfare solutions, advanced anti-submarine warfare systems, combat management systems, modernization and upgrade programs, and more. Elbit Systems Ltd. (NASDAQ:ESLT)'s naval portfolio continues to evolve amid robust demand for real-time intelligence, multi-domain integration, and resilient defense capabilities. The company's naval technologies are already in use by several countries worldwide. Bezhalel Machlis, President and CEO of Elbit Systems Ltd. (NASDAQ:ESLT), stated the following on the recent contract awards: "The maritime domain represents an important growth engine for Elbit Systems, combining our internally developed capabilities with the assets and expertise acquired through strategic acquisitions. These recent contract wins highlight the increasing recognition of our technological leadership and the strong confidence that leading naval forces place in our ability to deliver cutting-edge, mission-ready solutions that meet the demands of today's evolving operational landscape." The Israel-based defense technology company has seen its shares skyrocket by over 54% year-to-date, with high-value contracts such as these bolstering investor sentiment. It is one of the best performing stocks this year. While we acknowledge the potential of ESLT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ESLT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Ituran: Q1 Earnings Snapshot
AZOOR, Israel (AP) — AZOOR, Israel (AP) — Ituran Location & Control Ltd. (ITRN) on Wednesday reported profit of $14.6 million in its first quarter. The Azoor, Israel-based company said it had profit of 73 cents per share. The maker of tracking and communications technology for vehicles posted revenue of $86.5 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on ITRN at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
San Francisco Chronicle
4 days ago
- Business
- San Francisco Chronicle
Ituran: Q1 Earnings Snapshot
AZOOR, Israel (AP) — AZOOR, Israel (AP) — Ituran Location & Control Ltd. (ITRN) on Wednesday reported profit of $14.6 million in its first quarter. The Azoor, Israel-based company said it had profit of 73 cents per share. The maker of tracking and communications technology for vehicles posted revenue of $86.5 million in the period. _____
