defense technology
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Elbit Systems Extends Shelf Prospectus in Israel
Elbit Systems Ltd. announced that the Israel Securities Authority has extended the validity of its shelf prospectus until September 27, 2026. This extension provides Elbit Systems with continued flexibility in accessing capital markets. The company emphasized that no decision has been made regarding a specific offering, and any potential offering’s scope, terms, and timing remain undetermined. Elbit Systems reported revenues of $2.0 billion for the quarter ending June 30, 2025, and boasts a $23.8 billion order backlog.
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AIRO Announces Pricing of Upsized Public Offering
AIRO Group Holdings, Inc. (NASDAQ: AIRO) announced the pricing of its upsized underwritten public offering of 4,200,000 shares at $18.50 per share, expected to generate $77.7 million in gross proceeds. Underwriters have an option to purchase additional shares. Proceeds will fund strategic growth, potential acquisitions, and repurchase shares from select stockholders. Cantor is the lead book-running manager. AIRO focuses on aerospace, autonomy, and air mobility, targeting drones, avionics, training, and electric air mobility. The registration statement for the offering was declared effective by the SEC on September 10, 2025.
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Maris-Tech Launches Peridot: An AI Observation System for Enhanced Threat Detection
Maris-Tech launched Peridot, an AI-powered surveillance system merging high-definition video sensors with advanced algorithms, providing 360-degree monitoring capabilities. Designed for early threat detection, especially drones and unmanned vehicles, Peridot offers a complete solution for border and strategic site protection. This standalone system can trigger threat mitigation and represents a significant technological advancement, enhancing Maris-Tech’s position in defense technology.