AGP Executive Report
Last update: an hour agoDefense Procurement: Israel’s Apache helicopter deal has advanced, but Air Force officers say bureaucracy is delaying other key purchases, including two KC-46 refueling aircraft, and creating capability gaps. Defense Exports: Elbit Systems won a $235 million contract to supply PULS launchers and EXTRA-MR rockets to a European country; it also plans to open a laser-defense production hub in Sweden by 2027. AI and Tech: Tel Aviv-based doubleAI raised $200 million, with Nvidia and Dell among the backers, at a reported valuation above $1 billion. Its AI model is designed to optimize software and reduce computing demands. Manufacturing and Optics: Gauzy secured $7 million to restart smart-glass production, fulfill customer orders and expand globally. Separately, TTM agreed to buy MKS’s Ophir optics business for $650 million, adding infrared technology to its portfolio. Regional Energy and Trade: Houthi attacks on Saudi oil and aviation targets helped prompt Riyadh to postpone its flagship Future Investment Initiative conference until 2027, highlighting continued risks to regional business and shipping.
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