Private Sector

Israel’s Elbit Systems sees demand for anti-missile laser

By ET News

Israeli defence electronics firm Elbit Systems reported higher quarterly profit on Thursday, boosted by a jump in revenue, and said it had received interest in a new airborne laser defence system it was developing.

Elbit, a maker of drones, pilot helmet displays and cyber security systems, said it was working with Israel’s military on the high-powered laser that would intercept missiles, drones and other flying targets.

“We see a lot of interest and demand from customers who are looking to join and acquire such capabilities,” Elbit Chief Executive Bezhalel Machlis told Reuters after reporting big gains in second-quarter profit and revenue.

“I believe it will change the whole way countries are defending themselves against missiles,” he said, adding that trials on the system were recently conducted with the army.

The Defence Ministry said in June a prototype would be ready by 2025.

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