Illusive Networks Brings In $24 Million, Elbit Snags $50 Million US Army Contract

Money

For defense and security services, everybody looks to Israel.


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Israel’s Elbit Systems U.S. has gotten a $50 million contract to provide helicopter systems to the U.S. Army. At the same time Israeli cyber defense startup Illusive Networks has raised $24 million in a B1 round of funding.

Spring Lake Equity Partners, Marker, New Enterprise Associates, Bessemer Venture Partners, Innovation Endeavors, Cisco, Microsoft, Citi and others took part in Illusive’s new investments.

Ofer Israeli, CEO and founder, Illusive Networks, said: “Our rapid growth is a testament to the need for our solution, especially with the rise of cyber-attacks and the complexity of securing remote workers which makes our products more critical at this time. We are also thrilled about the tremendous momentum we are seeing with our strategic partnerships like Microsoft; last week Illusive was announced as the only deception vendor with a Microsoft “co-sell” ready status.”

And as for Israel’s Elbit, its U.S. subsidiary, Elbit Systems of America, LLC (“Elbit Systems of America”), was awarded an Indefinite Delivery/Indefinite-Quantity (ID/IQ) contract with a maximum value of approximately $50 million to produce spare parts in support of the Aviators’ Night Vision Imaging System Head-Up Display system (“ANVIS HUD”) of the U.S. Army. The 5 year contract was awarded on behalf of the United States Army, by the Defense Logistics Agency. An initial order for $17.9 million was recently placed under this contract, to be supplied until 2023.

The ANVIS HUD is a day and night display system that connects to the helmets of Army helicopter pilots, allowing the pilots’ heads to remain upright and looking out of the aircraft, with all applicable information presented in front of the pilots’ eyes, instead of looking down or inside the cockpit to view information from various sensors.

Wow! The American military looks to Israeli companies for defense high tech devices.

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Raanan Horowitz, President and CEO of Elbit Systems of America, said: “Provisioning ANVIS HUD spares enables U.S. Army pilots to have the equipment available to support aircraft readiness. Elbit Systems of America has a long history of supplying the ANVIS HUD, and we are dedicated to continuing to supply these systems that aid performance, increase operator situational awareness, and ultimately warfighter safety.”

The news comes just two days after Elbit secured a $35 million five year contract from the U.S. Naval Supply Systems Command (NAVSUP) for repair of line-replaceable units in support of the V-22 aircraft. The repairs will be performed in Fort Worth, Texas and Talladega, Alabama, and the contract will be performed until October 2025. The V-22 looks like a really big helicopter, but once in the air it flies like a propeller plane.

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