China outbuilds US Navy 2:1 in tonnage for 2024-25, Euronaval report finds
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Elbit Systems completed acquisition of International Submarine Engineering (ISE), adding autonomous submarine and remotely operated marine systems to its portfolio. This expands Elbit's naval defense offerings, potentially strengthening its position in the growing market for unmanned underwater vehicles. The deal's financial terms were not disclosed, and its impact on Elbit's near-term earnings remains unclear.
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