Israel signs German tank protection systems deal
Rafael will sell its Trophy tank and armored vehicles protection systems to the German army for its Leopard 2 tanks.
Israel s Ministry of Defense and the German Federal Ministry of Defense have signed a G2G deal for the supply of the Trophy tank protection system manufactured by Rafael Advanced Defense Systems Ltd. for the German army s Leopard 2 tanks.
The deal was led by Israel s Directorate of Defense R&D (MAFAT) and Rafael and was signed by Ministry of Defense director general Amir Eshel and senior German defense officials. The deal includes tank equipment, interceptors, spares parts and operational and technical training.
Research News Claus Roll
Claus Roll is a director of research and program development for OSA Europe.
News stories about European research funding often dwell on EU-level spending particularly on Horizon Europe, the seven-year, €95.5 billion (US$115.8 billion) framework program covering the period from 2021 through 2027. Yet, impressive as that seven-year EU funding number sounds, it’s dwarfed by the research spending commitment of some individual countries within the union. In Germany, for example, a combination of government, industry and other sources spent some €104.8 billion on research across all disciplines in 2018 a single year.
Understanding European research funding at the country level and where it’s headed, therefore, is arguably far more important than following the twists and turns of the EU program. As a step toward a clearer view, we here begin a series of OPN stories that take a deeper dive into how country-level government research funding works in th
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AeroVironment Inc. this week announced it has acquired Telerob, a German company that makes remote-controlled ground robots and intelligent robotics systems.
AeroVironment, a manufacturer of unmanned aircraft in Simi Valley, has agreed to pay $45.4 million as well as to pay off $9.4 million of Telerob’s debt at closing. There is an additional earn-out option for Telerob’s primary shareholder that could total $7.3 million over the next three years if the company achieves specific milestones.
The deal was announced Tuesday. The acquired company is officially named Telerob Gesellschaft für Fernhantierungstechnik mbH.
AeroVironment Chief Executive Wahid Nawabi said Telerob’s advanced ground robotics compliment AeroVironment’s suite of tactical unmanned aircraft and missile systems and will help expand the services both companies can offer to customers.
10 December 2020
SIMI VALLEY, Calif.– AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems, today announced it has entered into an agreement to acquire Telerob Gesellschaft für Fernhantierungstechnik mbH, a German leader in ground robotic solutions with a global footprint, for approximately $45.4 million (€37.5 million) in cash, and will pay-off approximately $9.4 million (€7.8 million) in Telerob’s debt at closing. Telerob’s shareholder has the potential to receive an additional earn-out over three years of up to approximately $7.3 million (€6 million) based upon achieving specific milestones.
Founded in 1994, Telerob offers one of the industry’s most advanced and comprehensive turn-key unmanned ground robotics solutions, including the telemax and tEODor EVO family of UGVs, fully-equipped transport vehicles and training, repair and support services. Telerob’s cutting-edge solutions safely and effectively perform a variety of dangerous