While the arab world blusters and threatens, trying to work out the seasons of the year, The Israeli miracle continues....
1.Magic Wand defense system slated for test run
Defense establishment sources said Tuesday that Magic Wand – the IDF's mid-range anti-missile system – is likely to become operational sooner than expected. "Over the next few months we will be conducting full-system test runs and we may declare Magic Wand fully operational in the very near future," Colonel (Res.) Pini Yungman, who heads the project for RAFAEL Advanced Defense Systems, said.
2.US to give Israel millions for missile defense
The US pledged record-breaking funding for Israeli defense programs Wednesday as Congress voted to add $235.7 million dollars in aid for the David's Sling and Arrow 3 missile defense systems. The additional funding will also go towards additional Arrow 2 batteries, as well as the development of a system to defend Israel from outer space, against Iranian missiles. The overall sum is a record-breaking $440 million for defense systems, in addition to the defense budget Israel receives regularly from the US, which stands at $3 billion.
COMMENT: A win-win situation for Israel and the US. Israel gets missile defense and the US participates in Israeli missile technology (In real time testing).
3.Israel, India look to hi-tech as trade ties expand
Israeli and Indian industry associations signed a memorandum of understating on Wednesday aimed at spurring cross-border innovation and entrepreneurship, as the two countries add high technology to their growing network of trade and economic cooperation. The two countries are negotiating a free-trade-area agreement (FTA) that will remove barriers to trade.
4.Elbit in first export deal for most advanced UAV
Chile is the first country outside Israel to procure the most advanced unmanned aerial vehicle (UAV) made by Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT), the Hermes 900. Industry sources estimate the deal at several tens of millions of dollars. Elbit Systems will also supply ground control stations and designated payload systems for a range of operations.
5.Better Place signs renewable energy deal in Australia
Shai Agassi's electric car venture Better Place LLC has signed a $60 million 10-year deal with Australia's ActewAGL Ltd. for the supply of renewable energy to Better Place’s electric car charging network in Canberra. This is the largest renewable energy deal of its kind in Australia. ActewAGL will supply the renewable energy from wind, hydro, and solar sources.
6.Ormat wins largest ever geothermal deal
Ormat Industries Ltd. (TASE: ORMT) US subsidiary Ormat Technologies Inc. (NYSE: ORA) has won a $130 million order in New Zealand - the largest ever in the company's history. Ormat signed a supply contract and an engineering, procurement and construction, (EPC) contract with Mighty River Power Ltd. for the first stage of the Ngatamariki geothermal project. Construction of the power plant is scheduled to take two years.
7.Tamar partners cut gas price for IEC
The Tamar gas field partners - Delek Group Ltd. (TASE: DLEKG), Noble energy Inc. (NYSE: NBL), Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L), and Alon Natural Gas Exploration Ltd. (TASE: ALGS) - have agreed to cut the price of natural gas to Israel Electric Corporation (IEC) (TASE: ELEC.B22) in what could be the largest gas supply contract in Israeli history, exceeding $20 billion.
To make a difference is not a matter of accident, a matter of casual occurrence of the tides. People choose to make a difference - Maya Angelo
1.Magic Wand defense system slated for test run
Defense establishment sources said Tuesday that Magic Wand – the IDF's mid-range anti-missile system – is likely to become operational sooner than expected. "Over the next few months we will be conducting full-system test runs and we may declare Magic Wand fully operational in the very near future," Colonel (Res.) Pini Yungman, who heads the project for RAFAEL Advanced Defense Systems, said.
2.US to give Israel millions for missile defense
The US pledged record-breaking funding for Israeli defense programs Wednesday as Congress voted to add $235.7 million dollars in aid for the David's Sling and Arrow 3 missile defense systems. The additional funding will also go towards additional Arrow 2 batteries, as well as the development of a system to defend Israel from outer space, against Iranian missiles. The overall sum is a record-breaking $440 million for defense systems, in addition to the defense budget Israel receives regularly from the US, which stands at $3 billion.
COMMENT: A win-win situation for Israel and the US. Israel gets missile defense and the US participates in Israeli missile technology (In real time testing).
3.Israel, India look to hi-tech as trade ties expand
Israeli and Indian industry associations signed a memorandum of understating on Wednesday aimed at spurring cross-border innovation and entrepreneurship, as the two countries add high technology to their growing network of trade and economic cooperation. The two countries are negotiating a free-trade-area agreement (FTA) that will remove barriers to trade.
4.Elbit in first export deal for most advanced UAV
Chile is the first country outside Israel to procure the most advanced unmanned aerial vehicle (UAV) made by Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT), the Hermes 900. Industry sources estimate the deal at several tens of millions of dollars. Elbit Systems will also supply ground control stations and designated payload systems for a range of operations.
5.Better Place signs renewable energy deal in Australia
Shai Agassi's electric car venture Better Place LLC has signed a $60 million 10-year deal with Australia's ActewAGL Ltd. for the supply of renewable energy to Better Place’s electric car charging network in Canberra. This is the largest renewable energy deal of its kind in Australia. ActewAGL will supply the renewable energy from wind, hydro, and solar sources.
6.Ormat wins largest ever geothermal deal
Ormat Industries Ltd. (TASE: ORMT) US subsidiary Ormat Technologies Inc. (NYSE: ORA) has won a $130 million order in New Zealand - the largest ever in the company's history. Ormat signed a supply contract and an engineering, procurement and construction, (EPC) contract with Mighty River Power Ltd. for the first stage of the Ngatamariki geothermal project. Construction of the power plant is scheduled to take two years.
7.Tamar partners cut gas price for IEC
The Tamar gas field partners - Delek Group Ltd. (TASE: DLEKG), Noble energy Inc. (NYSE: NBL), Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L), and Alon Natural Gas Exploration Ltd. (TASE: ALGS) - have agreed to cut the price of natural gas to Israel Electric Corporation (IEC) (TASE: ELEC.B22) in what could be the largest gas supply contract in Israeli history, exceeding $20 billion.
To make a difference is not a matter of accident, a matter of casual occurrence of the tides. People choose to make a difference - Maya Angelo
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