- In July 2023, Elbit Systems Ltd. (NASDAQ: ELST) acquired Applied Ceramics Inc. (ACI), a key manufacturer of advanced ceramic armor, for approximately USD 145 million. This strategic acquisition bolsters Elbit’s foothold in the body armor sector while expanding its product portfolio to include lightweight, high-performance ceramic plates. The move enhances Elbit's capability to meet growing global demand for protective armor solutions in military and law enforcement applications
- In June 2023, Honeywell Aerospace (NYSE: HON) introduced Spectra Shield X, a cutting-edge boron carbide-based ceramic armor material. This innovative solution is 20% lighter than traditional boron carbide armor while maintaining the same high level of ballistic protection. The development underscores Honeywell’s commitment to advancing protective technology for military, law enforcement, and civilian uses, offering enhanced safety without sacrificing mobility
- In May 2023, Ceradyne, Inc. (OTC: CRDY) was awarded a USD 34 million contract from the US Department of Defense to supply advanced composite armor inserts for the Improved Outer Tactical Vest (IOTV) program. The contract reflects the DoD's continued investment in upgrading protective equipment for military personnel, with Ceradyne's composite materials playing a critical role in enhancing the durability and ballistic resistance of the IOTV system
