The Hermes 900 is Elbit's largest unmanned multi-mission drone. In service for more than a decade, it has already been purchased by over 20 countries worldwide. Classified as a medium-altitude, long-endurance (MALE) platform, it is built for intelligence gathering, surveillance, target acquisition and regional command missions on land and at sea.

According to the company, the contract highlights the growing global demand for Elbit's advanced drone capabilities and further strengthens its position as a leading provider of cutting-edge defense solutions.

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Major indices saw steep declines after the opening bell, falling by nearly 3%. This represents a very steep drop for the major stocks, for which every fraction of a percent entails the liquidation of significant capital. The TA-90 index, the most popular index on the exchange in recent years, is shedding almost 3% and is thereby completing a decline of over 5% since Prime Minister Benjamin Netanyahu's warning on Monday that Israel should brace for international isolation and make sure it won't have to rely on the world for trade, to the point of adopting some autarkic economic postures. Netanyahu's speech was full of pessimism, with warnings that 'Israel is facing diplomatic isolation, we will have to deal with a closed economy," referring to the ongoing attitude by some countries to limit trade with Israel over the war in Gaza. But several hours later, after the surprise among the public in the media, he stressed that he was very optimistic about the prospects of Israel's economy, saying "Israel is the best place to invest" and that he was opposed to Israeli severing its trade ties with the world. "Israel's stock market is the strongest in the world; the shekel has become stronger and the deficit has shrunk despite the war...investing in Israel is the smart thing to do." He said that he meant to sound the alarm to the efforts by Iran and other countries to place an economic siege on Israel, "but we broke free."

In the trading rooms of the large banks, it is said that mutual funds, reflecting the activity of the general public, are particularly active on Tuesday. Sources in the trading rooms indicate that a substantial number of sell orders built up overnight in the mutual funds, and investment managers are liquidating assets to prepare for continued offerings until the afternoon, which is when the window closes for submitting additional sell or buy orders for the day.

At the same time, it is important to note that at this point, there were almost no visible activity from the institutional investors, which typically acquire assets when the public sells them off. In theory, should the declines deepen, an investment opportunity would arise for investment managers, known as "strong hands," but this remains theoretical, as a common adage in the capital market suggests that "one should not attempt to catch a falling knife." The Israeli stock market, despite the almost two-year war since Oct. 7, 2023, has largely outperformed the rest of the world since then.

Insurance stocks were leading the declines at the opening, having already been trading with volatility of late, with Harel's stock dropping by almost 1.5% and Clal Insurance decreasing by more than 1%. The stock of Azrieli, one of Israel's largest shopping mall operators, has also slipped by approximately 1% amid fears of a negative impact on Israelis' purchasing power.

Teva is down 2.4%, extending the stock's recent falls, which are driven by concerns that insurance companies worldwide will, for diplomatic and political considerations, favor recommending prescriptions from rival firms. Conversely, shares of Elbit Systems are up by nearly 1%, based on the belief that for the weapons maker, such days are actually beneficial for business.

In the bond market, price decreases were also noted, aligning with the working hypothesis that mutual funds are accumulating cash Tuesday out of concern for significant redemptions by the end of the day.

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In the morning, the office revealed a grim scene – windows smashed, computers and furniture wrecked, and red paint poured across the entire space. The pavement outside was defaced with the spray-painted words "Drop Elbit," seemingly referencing the Israeli defense firm Elbit Systems, a defense industry leader.

KRISTELNACHT

welcome to the Jewish neighbourhood in Stamford hill where jews are not allowed to own a business... because Israel is with war with Gaza..

Police are doing f*** all. pic.twitter.com/heBkv6rRFO

— Charlie Ztuker (@CharlieZtuker) May 29, 2025

Rabbi Hershel Gluck, president of the Shomrim organization and a local resident, stated, "This must be treated as an undeniably antisemitic incident. The owners are Jewish, but they have no connection to Israel."

A Jewish-owned business in north London was targeted in a "traumatic antisemitic" attack overnight. Windows smashed, red paint daubed and 'Drop Elbit' graffiti stamped on the pavement. The property company in Stamford Hill has no known connection to Israel. pic.twitter.com/qvMceMqInF

— Jane (@janeprinsley) May 29, 2025

Local footage shared on social media likened the attack to the Holocaust-era attacks on Jews under Nazi rule. "Kristallnacht. Welcome to the Jewish neighborhood of Stamford Hill, where Jews are not allowed to own businesses because Israel is at war with Gaza," one user wrote.

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American F-15 fighter jets, outfitted with a cutting-edge radar system, thwarted about 75 Iranian Shahed drones during the April 13 Iranian assault on Israel, according to retired General Rob Novotny, who oversees fighter jet business development at Boeing.

Novotny shared this information on Tuesday during a press briefing at the Farnborough Airshow in England. The radar system manufactured by Raytheon is also a key component of the new F-15EX model that Israel intends to acquire, subject to Congressional approval. The initial order encompasses 25 aircraft, with options for an additional 50, bringing the potential total to 75 jets.

"No further sales pitch is necessary," Novotny stated. "This radar has proven its exceptional worth in combat." Boeing's chief F-15 test pilot, Matt "Phat" Giese, also participated in the briefing. He revealed that an F-15 carrying 12 training missiles is part of the airshow's aerobatic display, alongside an unarmed "clean" aircraft.

"Right after takeoff, I execute a highly intricate maneuver with the aircraft called a swirl loop, which has never been performed before with an armed jet. The aircraft doesn't sacrifice an ounce of capability despite the attached missiles," Giese remarked enthusiastically.

Elbit Systems, exhibiting through its British subsidiary, follows the pattern of other Israeli companies by primarily showcasing models within its stand rather than displaying full systems on the ground.

The booth features two of the world's most advanced helmets, drawing considerable attention from attendees. The first, designed for helicopter pilots and bearing a resemblance to Darth Vader's iconic headgear, is called X-Sight. This modular helmet incorporates a mission computer running an artificial intelligence algorithm, delivering a crisp, clear, and precise image. It enables low-altitude flying and identifies hard-to-spot ground obstacles and threats in all weather conditions.

Sagi Peleg, VP of Business Development & Strategy in the Aerospace Division, explained that this system fuses data from various sensors to present pilots with a comprehensive, integrated view. "We're implementing a completely novel strategy, offering pilots an augmented reality system that provides a combined picture constructed from various sensors and synthetic processors."

This advancement means pilots can see power lines in the field along with their height, clearly marked with numbers. "The days of separate displays for radar, weapons systems, and other components are behind us. Now, all the information is consolidated and processed into a single, comprehensive picture."

The helmet is part of Elbit's new comprehensive strategic suite, available to both helicopter and fighter jet pilots – a holistic solution displayed on a single screen.

The second helmet, dubbed "Zero G," represents a significant upgrade to the advanced helmet used by F-35 pilots worldwide and in other cutting-edge aircraft: it's remarkably lightweight. "The original helmet, packed with technologies, was quite heavy," Peleg explained. "Pilots reported neck pain due to the weight. We've drastically reduced it, greatly alleviating the physical strain on pilots," he concluded.

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The Weizmann Institute of Science has chosen a local supplier to build a space telescope.

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On Wednesday, Elbit Systems Ltd. announced it had won a roughly $16 million contract to supply a telescope to the institute under Israel's Ultraviolet Transient Astronomy Satellite (ULTRASAT) program to observe and research deep space.

The ULTRASAT program is jointly managed and funded by the Weizmann Institute of Science and the Israeli Space Agency and is carried out in association with Germany's DESY research center.

Elbit Systems will develop, manufacture and integrate a highly sensitive, wide field of view (200 square degree) ultraviolet space telescope designed to help scientists understand the creation of heavy elements, black holes and gravitational waves and discover astronomical phenomena such as supernovas (star explosions).

Elbit Systems has provided space cameras, satellites and other electronic instruments of its production to space programs in Israel, the US, Europe, South Korea and Brazil.

The Weizmann Institute contract will be performed over a period of two years.

Oren Sabag, General Manager of Elbit Systems ISTAR & EW, commented: "We are proud to take part in this scientific endeavor lending our capabilities and experience to the effort to better understand nature."

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Israel's Elbit Systems Ltd. has been awarded a contract valued at approximately $1.65 billion (approximately €1.375 billion) to build and operate the International Flight Training Center for the Hellenic Air Force, the company announced Sunday.

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The deal is part of an agreement between the Israel's Defense Ministry and the Hellenic Ministry of National Defense.

Under the contract, Elbit Systems will supply the Hellenic Air Force with new M-346 training aircraft and will maintain the entire training fleet, comprised of dozens of M-346 and T-6 training aircraft, for a period of approximately 20 years.

In addition, Elbit Systems is contracted to provide its latest advanced Embedded Virtual Avionics (EVA) onboard the training aircraft, deliver networked flight simulators and an array of Ground-Based Training Stations (GBTS) as well as command and control systems to enable efficient management of the flight training operation.

Bezhalel Machlis, President and CEO of Elbit Systems, said: "We are honored to have been awarded this contract to provide such an important capability to the Hellenic Air Force. This contract award attests to the leading position we hold in the area of pilot's training solutions, providing tested know-how and proven technologies that improve operational readiness while reducing costs."

Defense Minister Benny Gantz said in a Twitter post that he welcomed the deal and was "certain that improving Israeli and Greek capabilities will deepen the diplomatic and security, as well as economic, partnership between the two countries."

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The governments of Israel and Greece are on the way to a massive defense deal after the Israeli Defense Ministry won a tender to build a training base for the Greek Air Force, to be executed by Israel's Elbit Systems Ltd., the Greek government confirmed Tuesday.

Elbit will also operate the base, to be known as the Flight Training Center, for a period of 20 years and deliver training aircraft fleets equipped with its avionics and embedded training solutions. Elbit will also supply the base with its flight simulators and training aids, as well as ongoing logistical support.

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The Greek Air force will also acquire 10 Italian M-346 training aircraft, which the Israeli Air Force also uses to train cadet pilots.

The deal is worth a reported $1.68 billion, and is contingent upon the successful completion of negotiations with the Hellenic Ministry of National Defense.

Video: Elbit Systems

Defense Minister Benny Gantz said Tuesday that the agreement was "an expression of the excellent and developing relations we have with Greece. This is a long-term partnership that will serve the interests of both Greece and Israel."

"This is a partnership that will promote stability in the Mediterranean region, and create hundreds of jobs in both countries," Gantz added.

Gantz said he had spoken to his Greek counterpart, Nikos Panayiotopoulos, and expressed his appreciation for Panayiotopoulos' personal involvement in promoting the deal and bringing it to the Greek government for approval.

Elbit Systems president and CEO Bezhalel Machlis said his company was "honored to have been selected to provide such an important capability to the Hellenic Air Force."

Machlis said he believed the cooperation would further strengthen the relationship between Israel and Greece, and said that securing the tender was an indication of Elbit's prominence in training and providing knowledge and tested technologies that "improve readiness while reducing costs."

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The repairs will be performed in Fort Worth, Texas and Talladega, Alabama, and the contract will be in effect until October 2025.

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Nanova was developed in collaboration with an unnamed US company and is planned to be a part of a nanosatellite constellation for commercial purposes.

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Nanova will be operated from a ground control station set up in Haifa, Israel. It was launched from the Satish Dhawan Space Center in the south of India, onboard the Polar Satellite Launch Vehicle.

The nanosatellite is the size of a juice carton and hosts an ultra-high frequency communication payload providing a direct satellite link for data, voice and text messaging.

"We are proud to commence activities in the area of nanosatellite constellations." Yoram Shmuely, general manager of Elbit Systems aerospace division, said.

"We plan to continue to invest in this emerging field, expanding our sensing capabilities, and the range of potential applications."

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In a formal ceremony on Sunday, Director General of the Defense Ministry Maj. Gen. (res.) Udi Adam and Montenegrin Minister of Defense Predrag Bošković inked the agreement, under which Israel will sell the Montenegrin military remote-controlled weapons stations developed by Elbit Systems.

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Elbit's Remote Controlled Weapons Stations (RCWS) will be installed on the Montenegro army's Oshkosh 4X4 vehicles.

According to Elbit, its RCWS allows gunners to remain safely inside the vehicles while on the move, as the system is operated using handles and a smart screen.

Head of the Defense Ministry's International Defense Cooperation Directorate Brig. Gen. (res.) Yair Kulas said when the deal was signed that Israel "hopes to expand cooperation and exchanges of information with our partners in Montenegro and hope to open more possibilities with NATO member nations."

General Manager of Elbit Systems Land Division Yehuda Vered said the firm was "very proud" to introduce its system into the armed forces of Montenegro and noted that there was already "global demand" for its system, hundreds of which were already in use in both land and naval platforms.

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