Connect with us

Hi, what are you looking for?

Jewish Business News

StartUps

Illusive Networks Brings In $24 Million, Elbit Snags $50 Million US Army Contract

For defense and security services, everybody looks to Israel.

Aviators-Night-Vision-Imaging-System-Elbit

Israel’s Elbit Systems U.S. has gotten a $50 million contract to provide helicopter systems to the U.S. Army. At the same time Israeli cyber defense startup Illusive Networks has raised $24 million in a B1 round of funding.

Spring Lake Equity Partners, Marker, New Enterprise Associates, Bessemer Venture Partners, Innovation Endeavors, Cisco, Microsoft, Citi and others took part in Illusive’s new investments.

Ofer Israeli, CEO and founder, Illusive Networks, said: “Our rapid growth is a testament to the need for our solution, especially with the rise of cyber-attacks and the complexity of securing remote workers which makes our products more critical at this time. We are also thrilled about the tremendous momentum we are seeing with our strategic partnerships like Microsoft; last week Illusive was announced as the only deception vendor with a Microsoft “co-sell” ready status.”

And as for Israel’s Elbit, its U.S. subsidiary, Elbit Systems of America, LLC (“Elbit Systems of America”), was awarded an Indefinite Delivery/Indefinite-Quantity (ID/IQ) contract with a maximum value of approximately $50 million to produce spare parts in support of the Aviators’ Night Vision Imaging System Head-Up Display system (“ANVIS HUD”) of the U.S. Army. The 5 year contract was awarded on behalf of the United States Army, by the Defense Logistics Agency. An initial order for $17.9 million was recently placed under this contract, to be supplied until 2023.

The ANVIS HUD is a day and night display system that connects to the helmets of Army helicopter pilots, allowing the pilots’ heads to remain upright and looking out of the aircraft, with all applicable information presented in front of the pilots’ eyes, instead of looking down or inside the cockpit to view information from various sensors.

Wow! The American military looks to Israeli companies for defense high tech devices.

WP_V-22-cockpit_credit-US-military

Raanan Horowitz, President and CEO of Elbit Systems of America, said: “Provisioning ANVIS HUD spares enables U.S. Army pilots to have the equipment available to support aircraft readiness. Elbit Systems of America has a long history of supplying the ANVIS HUD, and we are dedicated to continuing to supply these systems that aid performance, increase operator situational awareness, and ultimately warfighter safety.”

The news comes just two days after Elbit secured a $35 million five year contract from the U.S. Naval Supply Systems Command (NAVSUP) for repair of line-replaceable units in support of the V-22 aircraft. The repairs will be performed in Fort Worth, Texas and Talladega, Alabama, and the contract will be performed until October 2025. The V-22 looks like a really big helicopter, but once in the air it flies like a propeller plane.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

empty

The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Advertisement
cialis cialis satış