Latest news with #defensecontracts
Washington Post
2 days ago
- Business
- Washington Post
Israel signed a record $14 billion in defense deals last year despite Gaza war criticism
JERUSALEM — Israel signed defense contracts worth nearly $15 billion last year, surpassing its all-time record, the country's defense ministry said Wednesday, even as international outrage mounts over the war in Gaza . Over half the deals were with European countries. The contracts — a 13% increase from 2023, itself a record year — came as Israel faces growing international condemnation and isolation over the nearly 20-month war. Some of Israel's closest allies, including Canada and France, recently stepped up their censure of Israel's actions in Gaza, and the U.K. suspended free trade talks . Some critics of Israel's conduct in the Palestinian enclave have called for countries to suspend trade with it. Some countries have taken steps to suspend defense contracts with Israel. Spain on Tuesday said it had canceled a deal for anti-tank missile systems that were to be manufactured in Madrid by a subsidiary of an Israeli company. A breakdown of Israel's 2024 defense deals by region: — European countries: 54% — Asia-Pacific: 23% — Arab countries that have normalized ties with Israel under the Trump-brokered Abraham Accords: 12% — North America: 9% — Latin America: 1% — Africa: 1% Nearly half the deals were for missiles, rockets and air defense systems, Israel's defense ministry said. Others included the sale of vehicles and armored personnel carriers, satellite and space systems and intelligence and cyber systems, among others. More than half of the agreements were worth over $100 million each. Israeli Defense Minister Israel Katz said the record amount was a 'direct result' of Israel's battlefield achievements throughout the wars that have roiled the Middle East since Hamas' Oct. 7, 2023, attack, in which militants killed 1,200 people and took 251 hostages. 'The world sees Israeli strength and seeks to be a partner in it,' Katz said in a statement. The war in Gaza has left much of the territory in ruins from Israel's punishing air campaign. The fighting has killed more than 54,000 people, mostly women and children, according to Gaza's Health Ministry, which does not say how many of the dead were civilians or combatants. A nearly three-month blockade on aid into Gaza also strained ties with Israel's international allies. Israel began allowing limited aid into the territory last month.
The Independent
2 days ago
- Business
- The Independent
Israel signed a record $14 billion in defense deals last year despite Gaza war criticism
Israel signed defense contracts worth nearly $15 billion last year, surpassing its all-time record, the country's defense ministry said Wednesday, even as international outrage mounts over the war in Gaza. Over half the deals were with European countries. The contracts — a 13% increase from 2023, itself a record year — came as Israel faces growing international condemnation and isolation over the nearly 20-month war. Some of Israel's closest allies, including Canada and France, recently stepped up their censure of Israel's actions in Gaza, and the U.K. suspended free trade talks. Some critics of Israel's conduct in the Palestinian enclave have called for countries to suspend trade with it. Some countries have taken steps to suspend defense contracts with Israel. Spain on Tuesday said it had canceled a deal for anti-tank missile systems that were to be manufactured in Madrid by a subsidiary of an Israeli company. A breakdown of Israel's 2024 defense deals by region: — European countries: 54% — Asia-Pacific: 23% — Arab countries that have normalized ties with Israel under the Trump-brokered Abraham Accords: 12% — North America: 9% — Latin America: 1% — Africa: 1% Nearly half the deals were for missiles, rockets and air defense systems, Israel's defense ministry said. Others included the sale of vehicles and armored personnel carriers, satellite and space systems and intelligence and cyber systems, among others. More than half of the agreements were worth over $100 million each. Israeli Defense Minister Israel Katz said the record amount was a 'direct result' of Israel's battlefield achievements throughout the wars that have roiled the Middle East since Hamas' Oct. 7, 2023, attack, in which militants killed 1,200 people and took 251 hostages. 'The world sees Israeli strength and seeks to be a partner in it,' Katz said in a statement. The war in Gaza has left much of the territory in ruins from Israel's punishing air campaign. The fighting has killed more than 54,000 people, mostly women and children, according to Gaza's Health Ministry, which does not say how many of the dead were civilians or combatants. A nearly three-month blockade on aid into Gaza also strained ties with Israel's international allies. Israel began allowing limited aid into the territory last month.
Associated Press
2 days ago
- Business
- Associated Press
Israel signed a record $14 billion in defense deals last year despite Gaza war criticism
JERUSALEM (AP) — Israel signed defense contracts worth nearly $15 billion last year, surpassing its all-time record, the country's defense ministry said Wednesday, even as international outrage mounts over the war in Gaza. Over half the deals were with European countries. The contracts — a 13% increase from 2023, itself a record year — came as Israel faces growing international condemnation and isolation over the nearly 20-month war. Some of Israel's closest allies, including Canada and France, recently stepped up their censure of Israel's actions in Gaza, and the U.K. suspended free trade talks. Some critics of Israel's conduct in the Palestinian enclave have called for countries to suspend trade with it. Some countries have taken steps to suspend defense contracts with Israel. Spain on Tuesday said it had canceled a deal for anti-tank missile systems that were to be manufactured in Madrid by a subsidiary of an Israeli company. A breakdown of Israel's 2024 defense deals by region: — European countries: 54% — Asia-Pacific: 23% — Arab countries that have normalized ties with Israel under the Trump-brokered Abraham Accords: 12% — North America: 9% — Latin America: 1% — Africa: 1% Nearly half the deals were for missiles, rockets and air defense systems, Israel's defense ministry said. Others included the sale of vehicles and armored personnel carriers, satellite and space systems and intelligence and cyber systems, among others. More than half of the agreements were worth over $100 million each. Israeli Defense Minister Israel Katz said the record amount was a 'direct result' of Israel's battlefield achievements throughout the wars that have roiled the Middle East since Hamas' Oct. 7, 2023, attack, in which militants killed 1,200 people and took 251 hostages. 'The world sees Israeli strength and seeks to be a partner in it,' Katz said in a statement. The war in Gaza has left much of the territory in ruins from Israel's punishing air campaign. The fighting has killed more than 54,000 people, mostly women and children, according to Gaza's Health Ministry, which does not say how many of the dead were civilians or combatants. A nearly three-month blockade on aid into Gaza also strained ties with Israel's international allies. Israel began allowing limited aid into the territory last month.
Yahoo
22-05-2025
- Business
- Yahoo
William Blair Reiterates Hold Rating on Palantir Technologies (PLTR) Stock
On May 21, William Blair reiterated its Hold Rating on Palantir Technologies Inc. (NASDAQ:PLTR), without a price target, due to various factors linked to the company's recent developments. Louie DiPalma from William Blair keeps his rating on PLTR despite the U.S. Department of Defense notably raising the contract ceiling for Palantir's MSS software licenses. This indicates robust adoption by the U.S. Combatant Commands as the contract increased from $480 million to $1.275 billion. This suggests a continued rise in spending on MSS licenses, with an average annual spending anticipated at $272.5 million over the next four years. DiPalma remains neutral on Palantir, keeping a balanced view, considering both the potential for growth and the risks that remain. During the Q1 2025 earnings call, the company mentioned that they expect a significant increase in expenses this year due to investments in technical talent and AI production use cases. DiPalma is keeping an eye on the spending and adoption rates of the company, which are still subject to further clarification. The company has raised its full-year 2025 revenue guidance midpoint to around $3.89 billion, indicating a 36% growth year-over-year. However, DiPalma's Hold rating reflects a cautious approach, admiring the company's promising prospects in defense contracts while observing the financial data and waiting for further developments. Palantir Technologies Inc. (NASDAQ:PLTR) builds and deploys software platforms to assist in counterterrorism investigations and operations. The company has created four principal software platforms, including Gotham, Foundry, Apollo, and Palantir Artificial Intelligence (API). While we acknowledge the potential of PLTR to grow, 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 PLTR and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None. Sign in to access your portfolio
Yahoo
22-05-2025
- Business
- Yahoo
William Blair Reiterates Hold Rating on Palantir Technologies (PLTR) Stock
On May 21, William Blair reiterated its Hold Rating on Palantir Technologies Inc. (NASDAQ:PLTR), without a price target, due to various factors linked to the company's recent developments. Louie DiPalma from William Blair keeps his rating on PLTR despite the U.S. Department of Defense notably raising the contract ceiling for Palantir's MSS software licenses. This indicates robust adoption by the U.S. Combatant Commands as the contract increased from $480 million to $1.275 billion. This suggests a continued rise in spending on MSS licenses, with an average annual spending anticipated at $272.5 million over the next four years. DiPalma remains neutral on Palantir, keeping a balanced view, considering both the potential for growth and the risks that remain. During the Q1 2025 earnings call, the company mentioned that they expect a significant increase in expenses this year due to investments in technical talent and AI production use cases. DiPalma is keeping an eye on the spending and adoption rates of the company, which are still subject to further clarification. The company has raised its full-year 2025 revenue guidance midpoint to around $3.89 billion, indicating a 36% growth year-over-year. However, DiPalma's Hold rating reflects a cautious approach, admiring the company's promising prospects in defense contracts while observing the financial data and waiting for further developments. Palantir Technologies Inc. (NASDAQ:PLTR) builds and deploys software platforms to assist in counterterrorism investigations and operations. The company has created four principal software platforms, including Gotham, Foundry, Apollo, and Palantir Artificial Intelligence (API). While we acknowledge the potential of PLTR to grow, 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 PLTR and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None. 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
