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News Article | April 19, 2017
Site: www.prweb.com

American Friends of Soroka Medical Center, will host its annual gala with a dinner celebrating the fashion industry on April 26th at the Pierre Hotel in New York City. Proceeds raised during this event will support their women’s health projects across the Negev including Soroka’s Breast Health Center, Negev Center for Eating Disorders, and the Saban Birth and Maternity Center. This year Dan Abrams, chief legal affairs anchor for ABC News returns as Master of Ceremonies. "Soroka Medical Center serves as a model of peaceful coexistence for the world,” remarks Dan Abrams, chief legal affairs anchor for ABC News, “I admire the unique pioneering spirit in Soroka, and in its incredibly talented and devoted team.” During a special tribute Soroka will honor its American founding father, David Dubinsky. David’s numerous achievements include raising funds to build the hospital’s early facilities in 1959. His bold leadership, commitment to humanitarianism, and women’s health in the workplace earned him the Presidential Medal of Freedom in 1969. Dubinsky will be awarded the Statesman for Israel award, which will be accepted by his granddaughter Ryna Appleton Segal. Sonia Gardner will receive the inaugural Dubinsky Humanitarian Award. Gardner is president, managing partner, and co-founder of Avenue Capital Group. She is a noted humanitarian committed to women’s issues, healthcare, and social justice. “Workers do not live by bread alone… My grandfather believed in caring for the whole person and made sure the ILGWU and AFL-CIO worked to do just that,” recalls Ryna Appleton Segal, David Dubinsky’s granddaughter. “He believed that good health was fundamental to building an engaged citizenship, the ILGWU was the first in our nation to establish a union health center serving as a model for the country and the world.” Shouly and Abraham Maslavi of family-owned Jovani Fashions will receive the Fashion Industry Leadership Award. Jovani Fashions is based in the heart of New York City’s garment district and is world-renowned for exquisitely designed special occasion dresses. The Maslavi family will be recognized for their passionate support for Soroka Medical Center in Israel. Opera singer David Serero will serenade guests throughout the evening. Bellucci Napoli will hold a special fashion presentation featuring their bespoke men’s suiting. Also a silent auction featuring a rare Judith Leiber clutch will provide bidding guest with a plethora of items and exclusive get-a-ways to reward their charitable contributions. Tickets are available for purchase at the American Friends of Soroka Medical Center’s website or by contacting Rachel Heisler, Executive Director of AFSMC by calling 914-725-9070. American Friends of Soroka Medical Center is a New York State 501(c)3 nonprofit corporation. For more information, visit: soroka.org The Soroka Medical Center is located in Be’er Sheva, and is one of Israel’s largest and most strategic hospitals, in one of the country’s most diverse areas. The sole major medical center for the entire Negev, Soroka serves over one million residents, including over 400,000 children, in an area that comprises 60% of Israel’s land. They offer recognized excellence and innovation across the entire medical spectrum: prevention, research, diagnosis, education and integrated care for all medical areas including cancer, genetics, brain and trauma. Soroka is essential to meeting the medical needs of the Israel Defense Forces. Soroka is a pure symbol of peaceful coexistence providing exceptional healthcare for all, regardless of race, religion or politics. With 17,000 babies born here last year, Soroka’s department of Obstetrics and Gynecology is the busiest in Israel with extraordinary staff and stellar outcomes for our patients. Their world-class team’s very strong focus on research delivers state-of-the-art care. From the Saban Family Foundation Birth & Maternity Center to the unique Negev Center for Eating Disorders, Soroka makes a real difference in the lives of the women of Israel’s south and their families. Soroka.org


News Article | May 16, 2017
Site: www.prnewswire.com

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, commented: "We are pleased with the continued growth in our revenue and backlog. In today's geopolitical environment, we are seeing a trend of larger defense spending in many of our target markets, especially in the electronic defense sphere. In the first quarter our investments in marketing and R&D rose somewhat in order to be able to capitalize on the increasing opportunities. We have been able to stay consistently ahead of the curve in anticipating defense and security trends and customer needs, both in terms of our product portfolio and our geographic spread. I believe this positions us well to continue on our long-term growth path." Revenues in the first quarter of 2017 were $749.2 million, as compared to $721.2 million in the first quarter of 2016. Non-GAAP (*) gross profit amounted to $226.8 million (30.3% of revenues) in the first quarter of 2017, as compared to $220.1 million (30.5% of revenues) in the first quarter of 2016. GAAP gross profit in the first quarter of 2017 was $221.2 million (29.5% of revenues), as compared to $212.2 million (29.4% of revenues) in the first quarter of 2016. Research and development expenses, net were $58.4 million (7.8% of revenues) in the first quarter of 2017, as compared to $56.0 million (7.8% of revenues) in the first quarter of 2016. Marketing and selling expenses, net were $65.8 million (8.8% of revenues) in the first quarter of 2017, as compared to $61.0 million (8.5% of revenues) in the first quarter of 2016. The increase in marketing and selling expenses in the first quarter of 2017 was mainly related to the mix of countries and types of marketing activities for projects in which we invest our marketing efforts. General and administrative expenses, net were $38.7 million (5.2% of revenues) in the first quarter of 2017, as compared to $38.9 million (5.4% of revenues) in the first quarter of 2016. Non-GAAP(*) operating income was $65.5 million (8.7% of revenues) in the first quarter of 2017, as compared to $66.9 million (9.3% of revenues) in the first quarter of 2016.  GAAP operating income in the first quarter of 2017 was $58.2 million (7.8% of revenues), as compared to $63.3 million (8.8% of revenues) in the first quarter of 2016. The GAAP operating income in the first quarter of 2016 included a gain of $7.0 million related to the revaluation of an investment in an Israeli subsidiary that was deconsolidated in the quarter due to a third party investment. Financial expenses, net were $8.6 million in the first quarter of 2017, as compared to $1.7 million in the first quarter of 2016.  The lower financial expenses in the first quarter of 2016 were mainly a result of gain from various currencies exchange rate differences. Taxes on income were $5.3 million (effective tax rate of 10.6%) in the first quarter of 2017, as compared to $12.7 million (effective tax rate of 19.4%) in the first quarter of 2016.  The effective tax rate is affected by the mix of the tax rates in the various jurisdictions in which the Company's entities generate taxable income and the decrease of tax rates in Israel. Equity in net earnings of affiliated companies and partnerships was $1.6 million (0.2% of revenues) in the first quarter of 2017, as compared to $0 in the first quarter of 2016. Net income attributable to non-controlling interests was $0.3 million in the first quarter of 2017, as compared to $0.5 million in the first quarter of 2016. Non-GAAP(*) net income attributable to the Company's shareholders in the first quarter of 2017 was $51.7 million (6.9% of revenues), as compared to $51.2 million (7.1% of revenues) in the first quarter of 2016. GAAP net income in the first quarter of 2017 was $45.6 million (6.1% of revenues), as compared to $52.3 million (7.3% of revenues) in the first quarter of 2016. GAAP net income in the first quarter of 2016 included a gain of $7 million related to the revaluation of an investment and a capital gain of $3.9 million related to the sale of real estate. Non-GAAP(*) diluted net earnings per share attributable to the Company's shareholders were $1.21 for the first quarter of 2017, as compared to $1.20 for the first quarter of 2016. GAAP diluted earnings per share in the first quarter of 2017 were $1.07, as compared to $1.22 for the first quarter of 2016, which included earnings per share of $0.26 related to the gain from revaluation of an investment and sale of real estate. The Company's backlog of orders for the quarter ended March 31, 2017 totaled $7,067 million, as compared to $6,775 million as of March 31, 2016. Approximately 70% of the current backlog is attributable to orders from outside Israel. Approximately 64% of the current backlog is scheduled to be performed during 2017 and 2018. Operating cash flow used in the quarter ended March 31, 2017 was $51.3 million, as compared to $24.5 million provided in the quarter ended March 31, 2016. The following non-GAAP financial data is presented to enable investors to have additional information on the Company's business performance as well as a further basis for periodical comparisons and trends relating to the Company's financial results. The Company believes such data provides useful information to investors by facilitating more meaningful comparisons of the Company's financial results over time. Such non-GAAP information is used by the Company's management to make strategic decisions, forecast future results and evaluate the Company's current performance. However, investors are cautioned that, unlike financial measures prepared in accordance with GAAP, non-GAAP measures may not be comparable with the calculation of similar measures for other companies. The non-GAAP financial data includes reconciliation adjustments regarding non-GAAP gross profit, operating income, net income and diluted EPS. In arriving at non-GAAP presentations, companies generally factor out items such as those that have a non-recurring impact on the income statements, various non-cash items, significant effects of retroactive tax legislation and changes in accounting guidance and other items, which in management's judgment, are items that are considered to be outside of the review of core operating results. In the Company's non-GAAP presentation, the Company made certain adjustments, as indicated in the table below. These non-GAAP measures are not based on any comprehensive set of accounting rules or principles. The Company believes that non-GAAP measures have limitations in that they do not reflect all of the amounts associated with the Company's results of operations, as determined in accordance with GAAP, and that these measures should only be used to evaluate the Company's results of operations in conjunction with the corresponding GAAP measures.  Investors should consider non-GAAP financial measures in addition to, and not as replacements for or superior to, measures of financial performance prepared in accordance with GAAP. On March 22, 2017, the Company announced that it was awarded an approximately $100 million contract by the Israeli Ministry of Defense (IMOD) for the supply of advanced radio systems. According to the contract, the Company will manufacture and provide hundreds of radio systems over the course of five years. In addition, the Company is expected to receive an additional order to provide repair and maintenance services for 15 years. The Company will expand its manufacturing and maintenance site in Arad to include 100 employees, making it a center of excellence for manufacturing and maintenance of advanced radio systems for the Israel Defense Forces. On March 29, 2017, the Company announced that it was awarded an approximately $82 million contract to provide an Asia-Pacific country with a comprehensive electro-optic airborne solution, Condor 2, for use in intelligence, surveillance, target acquisition and reconnaissance (ISTAR) missions. The contract, which is a follow-on order from the same customer, will be performed over a four-year period by Elbit Systems' ISTAR Division. This Elbit Systems program is being performed in cooperation with ELTA Systems Ltd., who is supplying additional content to the same customer. On April 2, 2017, the Company announced that its subsidiary, Elbit Systems of America LLC., was awarded an Indefinite Delivery/Indefinite Quantity contract of approximately $50 million by the U.S. Navy to provide the Helmet Display and Tracker System with the Continuously Computed Impact Point (CCIP) algorithm for the MH-60S. The work will be performed in Fort Worth Texas, and completed by June 2021. An initial order of approximately $14.2 million was received. On May 8, 2017, the Company announced that it was awarded a contract to provide the IMOD with dozens of satellite-on-the-move systems. The contract is in an amount that is not material to the Company and will be performed over a two-year period. On May 10, 2017, the Company announced that it was awarded a contract from the Brazilian Marine Corps for the supply of advanced C4ISR, electronic warfare, radio and communication systems. The contract, in an amount of approximately $40 million, will be performed over a two-year period. The Board of Directors declared a dividend of $0.44 per share for the first quarter of 2017. The dividend's record date is May 26, 2017. The dividend will be paid from income generated as Preferred Income (as defined under Israel tax laws), on June 6, 2017, net of taxes and levies, at the rate of 20%. The Company will be hosting a conference call today, Tuesday, May 16, 2017 at 9:00 a.m. Eastern Time. On the call, management will review and discuss the results and will be available to answer questions. To participate, please call one of the teleconferencing numbers that follow. If you are unable to connect using the toll-free numbers, please try the international dial-in number. at: 9:00 am Eastern Time; 6:00 am Pacific Time; 2:00 pm UK Time; 4:00 pm Israel Time This call will also be broadcast live on Elbit Systems' web-site at .  An online replay will be available from 24 hours after the call ends. Alternatively, for two days following the call, investors will be able to dial a replay number to listen to the call. The dial-in numbers are: 1 888 326 9310 (US and Canada) or +972 3 925 5904 (Israel and International). Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of airborne, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems and radios. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial aviation applications and providing a range of support services, including training and simulation systems. For additional information, visit:  or follow us on . Consolidated revenue distribution by areas of operation and by geographical regionsThis press release contains forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1943, as amended) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current fact. Forward-looking statements are based on management's expectations, estimates, projections and assumptions. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results, performance and trends may differ materially from these forward-looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this release. The Company does not undertake to update its forward-looking statements. Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies.  All other brand, product, service and process names appearing are the trademarks of their respective holders.  Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/elbit-systems-reports-first-quarter-of-2017-results-300458334.html


News Article | May 15, 2017
Site: www.prnewswire.com

Anatoly Hurgin, Ability's Co-Founder and Chief Executive Officer, commented, "We have assembled a slate of highly-qualified finance and business professionals with decades of leadership experience with growing and profitable companies to provide strategic oversight and governance of our business. I welcome each of them and their input and wisdom. I have no doubt that their individual and collective guidance will be of great value as we navigate the Company towards stability and future growth." Levi Ilsar is an independent financial and business consultant to private and public companies in the homeland security and real estate markets. Mr. Ilsar has more than four decades of accounting and finance experience including capital raising, public offerings, corporate mergers and acquisitions, as well as treasury operations and purchasing and budgetary monitoring. He served as a member of the board of directors of U. Dori Engineering Works Co., Ltd., a company listed on the Tel Aviv Stock Exchange. Mr. Ilsar also served as a member of the board of directors of multiple subsidiary companies of U. Dori Group. Eli Polak is a retired Brigadier General from the Israel Defense Forces, where he served for three decades and currently serves in the intelligence reserve corps. During his military career he served as a commander and as an intelligence officer in various operational units in combat zones and during war time. Brigadier General Polak brings extensive experience with technology-rich intelligence and information gathering in complex and ever-changing work environments. Following his retirement from the military in 2013, Brigadier General Polak founded and managed a number of companies, including E. SOOF Ltd., a startup company engaged in solving the problem of distraction arising from texting while driving, as well as a company specializing in defense and Homeland Security projects. Nimrod Schwartz is an entrepreneur and investor and has served as a director for many startups, some of which have gone public or have been acquired by leading multinational companies. Mr. Schwartz played an integral role in helping management teams of many companies recruit, develop strategies, and establish partnership agreements. He currently serves as President and Chief Business Officer at NUVIAD, Ltd., one of the leading providers of real time bidding technologies for exchanges, demand-side platforms and media buyers focusing on mobile in-app advertising. Ability Inc. is the sole owner of Ability Computer & Software Industries Ltd. ("Ability") and Ability Security Systems Ltd. Headquartered in Tel Aviv, Israel, Ability was founded in 1994. Ability provides advanced interception, geolocation and cyber intelligence tools used by security and intelligence agencies, military forces, law enforcement and homeland security agencies worldwide. Ability has sold to governments and government agencies in over 50 countries. Ability offers a broad range of lawful interception, decryption, cyber and geolocation solutions for cellular and satellite communication, including ULIN, or Ultimate Interceptor, which to our knowledge, is the first-to-market SaaS strategic interception system with voice and geolocation capabilities without geographic limitation. State-of-the-art technology underpins Ability's scalable offerings, which can be tactical-and-portable, or strategic-and-fixed, depending on its customers' needs. Additional information regarding Ability may be found at . This press release contains "forward-looking statements." Words such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar expressions, as well as statements in future tense, often signify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance or results will be achieved. Forward-looking statements are based on information that the Company has when those statements are made or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ability-inc-announces-new-directors-300457713.html


News Article | May 16, 2017
Site: www.prnewswire.com

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, commented: "We are pleased with the continued growth in our revenue and backlog. In today's geopolitical environment, we are seeing a trend of larger defense spending in many of our target markets, especially in the electronic defense sphere. In the first quarter our investments in marketing and R&D rose somewhat in order to be able to capitalize on the increasing opportunities. We have been able to stay consistently ahead of the curve in anticipating defense and security trends and customer needs, both in terms of our product portfolio and our geographic spread. I believe this positions us well to continue on our long-term growth path." Revenues in the first quarter of 2017 were $749.2 million, as compared to $721.2 million in the first quarter of 2016. Non-GAAP (*) gross profit amounted to $226.8 million (30.3% of revenues) in the first quarter of 2017, as compared to $220.1 million (30.5% of revenues) in the first quarter of 2016. GAAP gross profit in the first quarter of 2017 was $221.2 million (29.5% of revenues), as compared to $212.2 million (29.4% of revenues) in the first quarter of 2016. Research and development expenses, net were $58.4 million (7.8% of revenues) in the first quarter of 2017, as compared to $56.0 million (7.8% of revenues) in the first quarter of 2016. Marketing and selling expenses, net were $65.8 million (8.8% of revenues) in the first quarter of 2017, as compared to $61.0 million (8.5% of revenues) in the first quarter of 2016. The increase in marketing and selling expenses in the first quarter of 2017 was mainly related to the mix of countries and types of marketing activities for projects in which we invest our marketing efforts. General and administrative expenses, net were $38.7 million (5.2% of revenues) in the first quarter of 2017, as compared to $38.9 million (5.4% of revenues) in the first quarter of 2016. Non-GAAP(*) operating income was $65.5 million (8.7% of revenues) in the first quarter of 2017, as compared to $66.9 million (9.3% of revenues) in the first quarter of 2016.  GAAP operating income in the first quarter of 2017 was $58.2 million (7.8% of revenues), as compared to $63.3 million (8.8% of revenues) in the first quarter of 2016. The GAAP operating income in the first quarter of 2016 included a gain of $7.0 million related to the revaluation of an investment in an Israeli subsidiary that was deconsolidated in the quarter due to a third party investment. Financial expenses, net were $8.6 million in the first quarter of 2017, as compared to $1.7 million in the first quarter of 2016.  The lower financial expenses in the first quarter of 2016 were mainly a result of gain from various currencies exchange rate differences. Taxes on income were $5.3 million (effective tax rate of 10.6%) in the first quarter of 2017, as compared to $12.7 million (effective tax rate of 19.4%) in the first quarter of 2016.  The effective tax rate is affected by the mix of the tax rates in the various jurisdictions in which the Company's entities generate taxable income and the decrease of tax rates in Israel. Equity in net earnings of affiliated companies and partnerships was $1.6 million (0.2% of revenues) in the first quarter of 2017, as compared to $0 in the first quarter of 2016. Net income attributable to non-controlling interests was $0.3 million in the first quarter of 2017, as compared to $0.5 million in the first quarter of 2016. Non-GAAP(*) net income attributable to the Company's shareholders in the first quarter of 2017 was $51.7 million (6.9% of revenues), as compared to $51.2 million (7.1% of revenues) in the first quarter of 2016. GAAP net income in the first quarter of 2017 was $45.6 million (6.1% of revenues), as compared to $52.3 million (7.3% of revenues) in the first quarter of 2016. GAAP net income in the first quarter of 2016 included a gain of $7 million related to the revaluation of an investment and a capital gain of $3.9 million related to the sale of real estate. Non-GAAP(*) diluted net earnings per share attributable to the Company's shareholders were $1.21 for the first quarter of 2017, as compared to $1.20 for the first quarter of 2016. GAAP diluted earnings per share in the first quarter of 2017 were $1.07, as compared to $1.22 for the first quarter of 2016, which included earnings per share of $0.26 related to the gain from revaluation of an investment and sale of real estate. The Company's backlog of orders for the quarter ended March 31, 2017 totaled $7,067 million, as compared to $6,775 million as of March 31, 2016. Approximately 70% of the current backlog is attributable to orders from outside Israel. Approximately 64% of the current backlog is scheduled to be performed during 2017 and 2018. Operating cash flow used in the quarter ended March 31, 2017 was $51.3 million, as compared to $24.5 million provided in the quarter ended March 31, 2016. The following non-GAAP financial data is presented to enable investors to have additional information on the Company's business performance as well as a further basis for periodical comparisons and trends relating to the Company's financial results. The Company believes such data provides useful information to investors by facilitating more meaningful comparisons of the Company's financial results over time. Such non-GAAP information is used by the Company's management to make strategic decisions, forecast future results and evaluate the Company's current performance. However, investors are cautioned that, unlike financial measures prepared in accordance with GAAP, non-GAAP measures may not be comparable with the calculation of similar measures for other companies. The non-GAAP financial data includes reconciliation adjustments regarding non-GAAP gross profit, operating income, net income and diluted EPS. In arriving at non-GAAP presentations, companies generally factor out items such as those that have a non-recurring impact on the income statements, various non-cash items, significant effects of retroactive tax legislation and changes in accounting guidance and other items, which in management's judgment, are items that are considered to be outside of the review of core operating results. In the Company's non-GAAP presentation, the Company made certain adjustments, as indicated in the table below. These non-GAAP measures are not based on any comprehensive set of accounting rules or principles. The Company believes that non-GAAP measures have limitations in that they do not reflect all of the amounts associated with the Company's results of operations, as determined in accordance with GAAP, and that these measures should only be used to evaluate the Company's results of operations in conjunction with the corresponding GAAP measures.  Investors should consider non-GAAP financial measures in addition to, and not as replacements for or superior to, measures of financial performance prepared in accordance with GAAP. On March 22, 2017, the Company announced that it was awarded an approximately $100 million contract by the Israeli Ministry of Defense (IMOD) for the supply of advanced radio systems. According to the contract, the Company will manufacture and provide hundreds of radio systems over the course of five years. In addition, the Company is expected to receive an additional order to provide repair and maintenance services for 15 years. The Company will expand its manufacturing and maintenance site in Arad to include 100 employees, making it a center of excellence for manufacturing and maintenance of advanced radio systems for the Israel Defense Forces. On March 29, 2017, the Company announced that it was awarded an approximately $82 million contract to provide an Asia-Pacific country with a comprehensive electro-optic airborne solution, Condor 2, for use in intelligence, surveillance, target acquisition and reconnaissance (ISTAR) missions. The contract, which is a follow-on order from the same customer, will be performed over a four-year period by Elbit Systems' ISTAR Division. This Elbit Systems program is being performed in cooperation with ELTA Systems Ltd., who is supplying additional content to the same customer. On April 2, 2017, the Company announced that its subsidiary, Elbit Systems of America LLC., was awarded an Indefinite Delivery/Indefinite Quantity contract of approximately $50 million by the U.S. Navy to provide the Helmet Display and Tracker System with the Continuously Computed Impact Point (CCIP) algorithm for the MH-60S. The work will be performed in Fort Worth Texas, and completed by June 2021. An initial order of approximately $14.2 million was received. On May 8, 2017, the Company announced that it was awarded a contract to provide the IMOD with dozens of satellite-on-the-move systems. The contract is in an amount that is not material to the Company and will be performed over a two-year period. On May 10, 2017, the Company announced that it was awarded a contract from the Brazilian Marine Corps for the supply of advanced C4ISR, electronic warfare, radio and communication systems. The contract, in an amount of approximately $40 million, will be performed over a two-year period. The Board of Directors declared a dividend of $0.44 per share for the first quarter of 2017. The dividend's record date is May 26, 2017. The dividend will be paid from income generated as Preferred Income (as defined under Israel tax laws), on June 6, 2017, net of taxes and levies, at the rate of 20%. The Company will be hosting a conference call today, Tuesday, May 16, 2017 at 9:00 a.m. Eastern Time. On the call, management will review and discuss the results and will be available to answer questions. To participate, please call one of the teleconferencing numbers that follow. If you are unable to connect using the toll-free numbers, please try the international dial-in number. at: 9:00 am Eastern Time; 6:00 am Pacific Time; 2:00 pm UK Time; 4:00 pm Israel Time This call will also be broadcast live on Elbit Systems' web-site at .  An online replay will be available from 24 hours after the call ends. Alternatively, for two days following the call, investors will be able to dial a replay number to listen to the call. The dial-in numbers are: 1 888 326 9310 (US and Canada) or +972 3 925 5904 (Israel and International). Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of airborne, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems and radios. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial aviation applications and providing a range of support services, including training and simulation systems. For additional information, visit:  or follow us on . Consolidated revenue distribution by areas of operation and by geographical regionsThis press release contains forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1943, as amended) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current fact. Forward-looking statements are based on management's expectations, estimates, projections and assumptions. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results, performance and trends may differ materially from these forward-looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this release. The Company does not undertake to update its forward-looking statements. Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies.  All other brand, product, service and process names appearing are the trademarks of their respective holders.  Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/elbit-systems-reports-first-quarter-of-2017-results-300458334.html


News Article | May 4, 2017
Site: www.prweb.com

IRONSCALES, the leader in anti email phishing technologies, today announced that it successfully detected and remediated yesterday’s Gmail and Google Docs phishing attack for its customers across four continents. The complex phishing event, which is projected to have compromised millions of Google apps users worldwide, was reported by several employees of IRONSCALES’ customers in real-time, which triggered IronTraps, its automatic email phishing remediation solution. Once reported, the email was removed from infected mailboxes and attack intelligence was automatically shared with IRONSCALES’ customers via Federation, its global email phishing intelligence network, which prevented the malicious email from affecting other organizations. The time from the first email landing in an employee mailbox until enterprise-wide remediation of all infected mailboxes was under 10 minutes. “Yesterday’s attack is another example of how sophisticated attackers have become with using phishing campaigns to bypass cyber defenses,” said Eyal Benishti, founder and CEO of IRONSCALES. “Organizations are currently spending millions of dollars on cybersecurity solutions that neglect to combat the root cause of breaches - phishing emails. IRONSCALES automated email phishing response technologies are uniquely suited to identify and remediate all types of phishing and email spoofing /impersonation (BEC) attacks before damages can occur.” IRONSCALES customers on four continents spanning the logistics, manufacturing, agriculture, energy, education and satellite services industries, among others, were targeted by yesterday’s phishing attack. In total, several hundred mailboxes were remediated. “Even though this specific attack made waves in the media, IRONSCALES is spotting and responding to similar attacks on a daily basis,” added Benishti. IRONSCALES provides a multi-layered approach to prevent, detect and respond to today’s sophisticated email phishing attacks. By combining human awareness training with automatic incident response, automatic remediation and real-time actionable intelligence sharing, IRONSCALES reduces the time from phishing attack discovery to enterprise-wide remediation from months to seconds, without requiring any SOC team involvement. For more information on IRONSCALES, visit http://www.ironscales.com  and follow @ironscales on Twitter. About IRONSCALES   IRONSCALES is the leader in anti email phishing technologies. Using a multi-layered approach to prevent, detect and respond to today’s sophisticated email phishing attacks expedites the time from phishing attack to remediation from weeks to seconds, without ever needing the SOC team's involvement. Headquartered in Raanana, Israel, IRONSCALES was founded by a team of security researchers, IT and penetration testing experts, as well as specialists in the field of effective interactive training, in response to the increasing phishing epidemic that today costs companies millions of dollars annually. It was incubated in the 8200 EISP, the top program for cyber security ventures, founded by alumni of the Israel Defense Forces’ elite Intelligence Technology unit.


News Article | May 22, 2017
Site: www.prweb.com

Tmima Grinvald always had the desire to make a positive mark on the world. Continuing to follow her aspiration, Grinvald wrote “The Truth About Your Business” to help leaders grow prosperous and successful businesses. Grinvald’s book exposes business leaders to different aspects of running an effective business. “The Truth About Your Business” includes 73 focus sessions, which takes readers through an inquiry to evaluate and adjust their company’s current performance. The book focuses on topics such as implementing and evaluating strategy, reinventing processes, and handling employees’ challenges. Grinvald said it is imperative for leaders to grow themselves if they want to grow their business. Upon completion of “The Truth About Your Business,” leaders will understand how they can be the best in what they do. “As a certified coach, I’m privy to the inside thinking of many business leaders, and I’ve seen what works well and what requires adjustments through my coaching practice,” said Grinvald. “I transform teams and business leaders with powerful communication honed by over 30 years of experience as an instructor, speaker, manager, certified coach, and now as an author.” “The Truth About Your Business” By: Tmima Grinvald ISBN: 978-1-5320-1302-7 (sc); 978-1-5320-1303-4 (e) Available on iUniverse, Amazon and Barnes & Noble About the author Tmima Grinvald earned an MBA from New York Institute of Technology. She is a certified professional coach and is the principal of Round Well Coaching and Leadership Development, which helps business owners achieve success through employee management, team relationships, career development, client retention, marketing, sales, and more. She has significant hands-on management experience in corporate information technology, is a former military officer in the Israel Defense Forces, and holds a third-degree black belt in aikido. To learn more about her expertise, visit http://www.theroundwell.com/about-tmima/.


News Article | February 15, 2017
Site: www.businesswire.com

NEW YORK--(BUSINESS WIRE)--Indegy, the leading industrial cyber security company, today announced it has been invited to participate in the Industrial Control Systems (ICS) Sandbox at the upcoming RSA Conference. Indegy will present a session on the ICS Sandbox stage, lead a Birds of a Feather discussion, and give live demonstrations of the Indegy platform using a simulated ICS attack. Barak Perelman, CEO and Mille Gandelsman, CTO will co-present a session entitled, “Anatomy of Industrial Cyber Attacks” in the ICS Sandbox that will explain the differences and complexities involved in protecting industrial control networks, and provide best practices for protecting ICS systems from external threats, malicious insiders and human error. As part of the ICS Sandbox, Barak and Mille will provide live demonstrations of Indegy’s Industrial Cyber Security Platform, showing how it can be used to discover and mitigate threats before damage occurs. The ICS Sandbox at RSA Conference gives attendees the chance to gain practical advice and hands-on, interactive experience on ways to manage threats to smart cities, electric grids and industrial processing plants, including ICS/SCADA systems found in every industry and critical infrastructure. The ICS Sandbox will be located in the Marriott Marquis Golden Gate Ballrooms, adjacent to the Early Stage Expo, on February 15th and 16th. In addition, Mille Gandelsman will lead a Birds of a Feather discussion entitled, “Best Practices: Securing Industrial Networks” on Wed., Feb. 15 at 7:00AM, that will focus on ICS security challenges and best practices for identifying and addressing cyber threats. WHO: Barak Perelman is the CEO of industrial cyber security company Indegy. Prior to Indegy he led several multi-million dollar cyber security projects at the Israel Defense Forces (IDF). He is a graduate of the elite Talpiot military academy and has over 15 years of hands-on experience in cybersecurity and protection of critical infrastructures. Mille Gandelsman, CTO of Indegy, has led engineering efforts for Stratoscale and spent several years managing cybersecurity research for Israel’s elite intelligence corps. Gandelsman is an IDF Talpiot graduate and has over 15 years of hands-on experience in ICS and cybersecurity. WHAT: Inherently different from IT networks, the operational environment in industrial networks poses unique challenges which make it easy to attack, but difficult to secure. In his hands-on session Barak Perelman and Mille Gandelsman will explain the complexities involved in protecting ICS networks and provide a live demonstration of common techniques used to compromise industrial environments, cause disruptions and physical damage. They will also discuss best practices for monitoring and protecting ICS systems from external threats, malicious insiders and human error. WHO: Mille Gandelsman, CTO of Indegy, has led engineering efforts for Stratoscale and spent several years managing cybersecurity research for Israel’s elite intelligence corps. Gandelsman is an IDF Talpiot graduate and has over 15 years of hands-on experience in ICS and cybersecurity. WHAT: This Birds of a Feather group will discuss the leading industrial cyber security challenges facing organizations in a wide range of industries. Mille Gandelsman will lead the session, explaining the unique challenges of securing ICS networks. He will share experiences from several industries and provide best practices information on how to protect these systems from modern cyber threats. HOW: To schedule a conversation with Mille Gandelsman or Barak Perelman, contact Marc Gendron at marc@mgpr.net or 781-237-0341. For more information or to register, visit https://www.rsaconference.com/events/us17/agenda/sessions/7364-Anatomy-of-Industrial-Cyberattacks. About the Indegy Platform Indegy is a leading industrial cyber security company that protects Industrial Control Systems (ICS) used in critical infrastructures, utilities and manufacturing industries against external and internal threats by providing comprehensive visibility into the control-plane engineering activities performed in operational technology networks. Indegy’s Industrial Cyber Security Platform automatically discovers all controllers (PLCs, RTUs, DCSs) on ICS networks, monitors all access and changes, and validates their integrity ensuring no unauthorized changes go undetected. By tracking and alerting in real-time on control-plane engineering activities Indegy can identify threats that place the safety, reliability and security of industrial networks at risk before damage occurs. About Indegy Indegy provides real-time situational awareness, visibility and security for Industrial Control Systems (ICS) used across critical infrastructures -- energy, water utilities, petrochemical plants, manufacturing facilities, etc. The Indegy platform monitors control-plane activity to ensure the reliability of ICS networks and protect against cyber attacks, malicious insiders and operational mistakes. The company was named one of the 10 Most Promising Cyber Security Startups by Forbes Israel, is a TiE50 winner and Network World Hot Security Startup to Watch. For more information visit www.indegy.com, and follow us on Twitter and LinkedIn.


News Article | February 24, 2017
Site: marketersmedia.com

— Founder and CEO of Advertise.com, California’s prominent online advertising and marketing firm, Daniel Yomtobian has been a longtime supporter of US Security as he has contributed to various initiatives undertaken by The American Israel Public Affairs Committee (AIPAC). The committee is a lobbying group established by the organization staff and citizen activists who collaborate to raise awareness among policy makers and US citizens about the state of Israel and a pro-Israeli course of policy choices. As a bipartisan pro-Israel lobby, AIPAC urges members of the United States Congress to support Israel through a variety of methods, including government partnerships, foreign aid, and the promotion of a negotiated two-state solution. Yomtobian has worked with AIPAC to focus on the cooperation between the American and Israeli governments, and their commitment to issues like democracy and freedom. As the only fully democratic country in the Middle East, Israel has frequently been a fast-friend to the United States. Israel often collaborates with the United States to pursue terrorists, strengthen their respective militaries, and new forms of renewable energy generation. Yomtobian is also regularly involved with other pro-Israel organizations, such as Friends of Israel Defense Forces (FIDF), which supports both the education and well being of the Israeli Defense Force (IDF). A Lieutenant within the IDF has said that support of volunteers like Yomtobian "is a very important part of what we do. It means a lot knowing that there is someone who thinks about us, trusts us, and appreciates our contribution to defending the Jewish Homeland." He strongly encourages those to donate who wish to support FIDF or other similar organizations. Daniel Yomtobian, a child of two immigrant parents, was born in California. His father immigrated to the United States from Iran, and his mother emigrated from Hungary. As a child, his family struggled to make ends meet. Yomtobian credits his own work ethic from watching his parents work hard to build a life in the states. He grew up working first in his father's business, and later in the community grocery store to help contribute to his family's household income. As a teenager, Yomtobian received his first computer as a gift from his mother. He began learning more about the Internet, and in 2009, he founded what would be his most successful venture yet, Advertise.com. The company offers digital, video, mobile, and remarketing traffic for businesses of all sizes. Advertise.com's mission is to help advertisers achieve their best ROI, and provide publishers with products that are both competitive and profitable. As an industry leader in online advertising, Daniel Yomtobian has received many awards and commendations for his work. In 2010, he was named one of San Fernando Valley Business Journal's Top 40 Under 40 Business Professionals. He was selected as 2012's Entrepreneur of the Year by Ernst & Young, and was featured in the 2014 1st Quarter edition of C-Suite Quarterly. C-Suite Quarterly’s feature called Yomtobian a "young leader [who] will continue to play an important role in shaping the online world of tomorrow." Yomtobian remains committed to this vision, not just through his work at Advertise.com, and its innovating advertising technologies, but also through his charitable work with organizations like AIPAC and FIDF. For more information, please visit http://www.DanielYomtobianInfo.com


News Article | February 15, 2017
Site: www.prweb.com

IRONSCALES, the first and only email security company to combine human intelligence with machine learning, today announced that it has won the Editor’s Choice Award for Best Messaging Security Solution from Cyber Defense Magazine, the industry's leading electronic information security magazine. IronTraps, IRONSCALES’ automatic phishing remediation email security solution, was chosen by a panel of leading independent information security experts after months of review. “Phishing remains the catalyst for more than 90 percent of all cyberattacks,” said Eyal Benishti, founder and CEO of IRONSCALES. “Our commitment is to make it exponentially more difficult for cyber criminals to exploit emails, SMS and social media using any type of complex phishing scheme. We’re thankful to Cyber Defense Magazine for validating our approach to solving one of the most complicated cybersecurity issues of our time.” IronTraps empowers employees to report suspicious emails with one-click on their toolbar in both Outlook and Gmail clients, subsequently triggering a real-time automated forensic review without requiring active SOC team participation. Within seconds, forensics is completed, and an intrusion signature is sent directly to both endpoints, email servers and the SIEM, which then triggers an immediate enterprise-wide automatic mitigation response, such as quarantines, disabling of links and attachments, and even permanent removal of email, reducing risk by protecting entire organizations from attack. The automated phishing response technology is also intelligent enough to analyze the maliciousness of a threat and remove it from all employee inboxes to prevent it from spreading – all of which alleviates the burden on the SOC team. With IronTraps, each time a malicious phishing or spear-phishing event is detected, the machine remembers it, preventing the same type of scam from ever successfully infiltrating another computer within the same network ever again. In January, IRONSCALES announced a new server-side remediation feature for IronTraps, enabling proactive inbox remediation in real-time and on any endpoint, even when a user is not logged in or online. “We’re thrilled to recognize next-generation innovation in the information security marketplace and that’s why IRONSCALES has earned this award from Cyber Defense Magazine. Some of the best INFOSEC defenses come from these kinds of forward thinking players who think outside of the box,” said Pierluigi Paganini, Editor-in-Chief, Cyber Defense Magazine. Demo IronTraps at RSA IRONSCALES is located in the Israeli delegation booth on General Floor - South Hall A-C, booths 827 & 833. Stop by for a demo of IronTraps and our new anti-spoofing tool for Microsoft Outlook,IronShield. For more information on IRONSCALES, visit our website at http://www.ironscales.com and follow us @ironscales on Twitter. ### About IRONSCALES IRONSCALES is the first and only email security provider to combine human intelligence with machine learning. Its employee-based intrusion prevention system is the first phishing solution with an automatic one-click response, which expedites the time from phishing attack to remediation from weeks to seconds, without ever needing the SOC team's involvement. Headquartered in Raanana, Israel, IRONSCALES was founded by a team of security researchers, IT and penetration testing experts, as well as specialists in the field of effective interactive training, in response to the increasing phishing epidemic that today costs companies millions of dollars annually. It was incubated in the 8200 EISP, the top program for cyber security ventures, founded by alumni of the Israel Defense Forces’ elite Intelligence Technology unit.


Nussinovitch U.,Israel Defense Forces
Annals of Noninvasive Electrocardiology | Year: 2012

Background: P-wave dispersion (Pd) is an appealing marker for predicting the risk of developing atrial fibrillation. At present, no definitive cutoff value has been determined as to the diagnosis of high-risk patients. Our aims were to evaluate P-wave parameters of healthy subjects published in the literature, determine normal range and weighted means of Pd and P-wave parameters, and investigate the influences of gender, age, and BMI on the weighted results. Methods: A systematic search of studies published in PubMed was conducted. Only studies which included control groups of healthy individuals were included. Results: Of the 657 studies initially identified, 80 were eligible for inclusion. The total number of participants was 6,827. The highest reported Pd values were 58.56 ± 16.24 ms; the lowest were 7 ± 2.7 ms. The weighted mean was 33.46 ± 9.65 ms; weighted median was 32.2 ms. Gender and age were not found to be associated with significant influences on P-wave parameter values. High-normal BMI was not found to be associated with increased P-wave parameter values. Conclusions: Pd, Pmax, and Pmin span a wide range of values in healthy individuals. Seemingly, abnormal values were often reported in healthy adults. The high variability of P-wave parameters in healthy individuals, and overlapping of the results with those reported for patients with increased risk for atrial fibrillation, might suggest that this technique has limited sensitivity and specificity. The variability between studies may stem from methodological issues and, therefore, there is a definite need for methodological standardization of Pd measurements. © 2012, Wiley Periodicals, Inc.

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