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☆ This little-known drone stock is poised to rally more than 56%, Raymond James says
▼ + stars: | 2024-04-26 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Kratos Defense & Security Solutions is seeing its business thrive amid accelerating defense spending stemming from global conflicts, according to Raymond James. He also raised his price target by $7, or 35%, to $27, suggesting the stock could climb 56% from Thursday's close. "Kratos provides content on most of the major western air defense systems," Gesuale said in a report to clients after the market closed Thursday. At the same time, NATO's orders for Multiple Air Defense Systems, $11 billion of which require Kratos materials over several years, could also boost the stock, he added. KTOS YTD mountain Kratos shares over the past year.

Persons: Raymond James, Brian Gesuale, Kratos, Gesuale Organizations: Kratos Defense, Security, Air Defense, NATO, Arrow Systems, Multiple Air Defense Systems Locations: Thursday's, Israel, Ukraine, Taiwan, U.S

☆ US and Israeli weapons able to kill missiles in outer space were used to stop an Iranian attack. Those intercepts are tough shots.
▼ + stars: | 2024-04-17 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Both the US and Israel used weapons capable of killing missiles in space to fend off Iranian weapons last weekend. Videos circulating online from the fight appeared to show an exo-atmospheric kill, though details are few. Intercepting a ballistic missile outside the Earth's atmosphere is a challenging task, an expert told Business Insider. Very unique footage showing an exoatmospheric interception amid the Iranian ballistic missile attack, likely by the Arrow 3 air defense system. The SM-3 is also capable of destroying short- to intermediate-range ballistic missiles during the midcourse phase and can hit targets outside the Earth's atmosphere.

Persons: —, Arrow, wrZNCV01tn — Emanuel, Mannie, Fabian, @manniefabian, Sidharth, Kaushal, Amir Cohen Organizations: Service, US, Iranian, ABM, Times, US Department of Defense, Israel Defense Force, Arrow, Royal United Services Institute, Reuters, Israel, Houthi, Center, Strategic, International Studies, Washington DC, US Navy, Missile Defense Locations: Israel, Iranian, Iran, Ashkelon, Washington

Here’s a look at the two Israeli systems:Iron DomeIsrael’s Iron Dome defense system can intercept many types of rockets that fly in high arcs, making them difficult to stop. It became operational in 2011 and got its first big test over eight days in November 2014, when Gaza militants fired some 1,500 rockets at Israel. The system’s interceptors — just 6 inches wide and 10 feet long — rely on miniature sensors and computerized guidance to zero in on short-range rockets. The Iron Dome was upgraded in 2021, but the details of the changes were not made public. Mr. Biden recently hinted that he could put some restrictions on weapons sales if his warnings to limit civilian casualties in Gaza are not heeded, but said defensive weapons like the Iron Dome would never be in jeopardy.

Persons: Biden, Israel — Organizations: Gaza, Patriot, U.S Locations: Iran, United States, Israel, Gaza

☆ Israel used a weapon it never has before to stop a missile as its enemies put every layer of its air-defense system to the test
▼ + stars: | 2023-11-10 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Israel has confirmed the first operational use of its Arrow-3 system to intercept an enemy missile. AdvertisementAdvertisementIsrael has confirmed the first operational use of its Arrow-3 system to stop an inbound missile as the country's adversaries test the layers of its sophisticated air-defense network. An "Arrow 3" ballistic missile interceptor is seen during its test launch near Ashdod December 10, 2015. "The Arrow-3 system's capabilities enable longer range, higher altitude (exo-atmospheric), and more precise ballistic missile engagements," it adds. "For the first time, all the aerial defense systems are working simultaneously," the IDF said on Thursday.

Persons: Israel, —, Amir Cohen, It's Organizations: Service, Israel, Israel Defense Forces, Hamas, Center for Strategic, International Studies, REUTERS, Arrow, Patriot, IDF Locations: Iran, Yemen, Israel, Gaza, Washington, Ashdod, Lebanon

☆ Israel's missile ships are joining US combat power in the Red Sea as more Iran-backed militants fire weapons its way
▼ + stars: | 2023-11-01 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Israel said it deployed missile ships to the Red Sea, where they'll join US Navy vessels in the area. AdvertisementAdvertisementAfter a series of attacks from Iran-backed militants, Israel has deployed several ships capable of launching missiles to the Red Sea, where they will join US Navy vessels already there. The IDF said "all aerial threats were intercepted outside of Israeli territory," with some of them downed by Israeli fighter jets around the Red Sea to the south. Israel Defense ForcesIsraeli Navy ship in the Red Sea. US Missile Defense AgencyThe Arleigh Burke-class guided-missile destroyer USS Carney (DDG 64) transits the Suez Canal, Oct. 18.

Persons: Israel, they'll, —, Yemen's, Carney, Arleigh Burke, we've, Pat Ryder, Aaron Lau, Hezbollah —, Lloyd Austin Organizations: US Navy, Service, Navy, Israel Defense Forces, US, IDF, Hamas, Israel Defense Forces Israeli Navy, IAF, Aerial Defense, Pentagon, Air Force, Interceptor, US Missile Defense Agency, Hezbollah, Islamic Revolutionary Guard Corps, U.S Locations: Yemen, Israel, Iran, Israeli, Israel's, Eilat, Red Sea, Red, Suez, Saudi, Tehran, Iraq, Syria

☆ Hamas is testing the layers of Israel's sophisticated air-defense network. Here's how it fends off threats.
▼ + stars: | 2023-10-13 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

Israel confirmed using its David's Sling air-defense system to intercept a Hamas rocket on Friday. Iron DomeIsrael's Iron Dome defense missile system is on alert, stationed close to the southern Israeli town of Sderot on October 12, 2023. Iron Dome has a reported intercept success rate of around 90%, but some inbound threats do manage to break through. US Missile Defense AgencyThe upper layer of Israel's air-defense network consists of Arrow systems. The Patriot is a top US air and missile defense system and is capable of engaging ballistic missiles, cruise missiles, aircraft, drones, and loitering munitions.

Persons: Israel, —, Daniel Hagari, Jack Guez, Tamir, Sebastian Scheiner, Brian Kimball Organizations: Service, Hamas, Israel Defense Forces, country's Missile Defense Organization, Getty, IDF, Iron, Pentagon, Sling Air Defense, Hatzor, Base, Sunday, David's, AP, Interceptor, US Missile Defense Agency, Center for Strategic, International Studies, Arrow, Patriot US Army Patriot, US Defense Department, Tech, Patriot Locations: Israel, Gaza, Sderot, AFP, U.S, Iranian, Lebanon, Finland, Washington, Midia, Romania, US, Ukrainian

For nearly three decades – from fiscal years 1974 to 2002 – Israel was the top recipient of U.S. aid, the longest-standing duration for a top aid recipient dating back to 1946, according to figures from ForeignAssistance.gov. While 2003 to 2020 saw the most aid going to either Iraq or Afghanistan, Israel nevertheless remained a top three aid recipient throughout that time. In 2021, U.S. obligations to Israel amounted to $3.31 billion, a figure that saw Israel returning to the top spot among aid recipients that year. Almost all U.S. aid to Israel recently has been military aid rather than economic aid, in the form of Foreign Military Financing grants – U.S. grants and loans to Israel for acquiring U.S. military equipment and services. Israel saw that rate peak at 30.5% in 1975, but it has slowly been descending since.

Persons: Biden, Gerald R, Ford, Israel, – Israel, Christine Wormuth, Kevin McCarthy’s, Israel’s Rafael, – Organizations: United, Foreign Military Financing, U.S, Congressional Research Service, CRS, Israel Defense Forces, Defense Systems, Raytheon, Raytheon Rafael, Protection Systems, Israel Aerospace Industries, Boeing, Israel, World Bank, Russia, USAID . Missile Locations: Israel, U.S, United States, Egypt, ForeignAssistance.gov, Iraq, Afghanistan, Ukraine, – Israel

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