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Elbit Systems Ltd. announced that it was awarded two contracts, in an aggregate amount valued at $240 million, to upgrade Main Battle Tanks (MBT) for an international customer. A $60 million contract will be delivered over a period of two years and a $180 million contract will be delivered over a period of four years.
Under the contracts, Elbit Systems will perform an upgrade of the MBTs and provide advanced electronics suites.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, commented: "There is a renewed interest from militaries looking to improve the operational capabilities of their armoured platforms. I believe that Elbit Systems is uniquely positioned to address the growing demand in this market due to our ability to provide comprehensive solutions."
DARPA has selected three industry corporations for the Underexplored Systems for Utility-Scale Quantum Computing (US2QC) program. US2QC seeks to determine whether an underexplored approach to quantum computing is capable of achieving utility-scale operation – meaning its computational value exceeds its cost – much faster than conventional predictions.
Elbit Systems UK and KBR Inc’s joint venture, Affinity Flying Training Services Ltd (Affinity), has embarked on a series of battery-powered flight tests for the UK Ministry of Defence to assess the feasibility of environmentally friendly alternatives to current military aircraft.
BAE Systems has acquired In-Space Missions, a UK company that designs, builds and operates satellites and satellite systems. The acquisition will combine BAE Systems’ experience in highly secure satellite communications with In-Space Missions’ full lifecycle satellite capability, to make a compelling sovereign UK space offer.