Canadian space company NorthStar Earth & Space has secured $14.7 million in funding from Telesystem Space, the Luxembourg Future Fund and the government of Quebec for its satellite constellation operations. The investment will fund the company’s mission to launch four satellites that would be part of the world’s first space-based commercial space situational awareness services,...
Saab said it will study new submarine technology under an agreement with the Swedish Defence Materiel Administration. The deal requires the defense company to conduct concept development studies for future underwater capabilities. According to Saab, the preparatory studies will center on advancing existing underwater technologies and exploring new submarines and submarine-related capabilities for Sweden. In...
Accenture has signed a new contract for a digital transformation program modernizing the Finnish Defence Forces’ enterprise resource planning system. In 2009, Finnish Defence tapped Accenture to convert its ERP system into a defense industry solution with new features that extend its functionality. According to the company, the new program’s goals include improving user experience,...
Capgemini, a digital transformation and technology services headquartered in Paris, France, has named Nive Bhagat as group chief financial officer and group executive board member. Bhagat replaces Carole Ferrand, who has served in the CFO capacity since 2018. Ferrand will facilitate the transition of her responsibilities to her successor in the next couple of weeks...
Thales has completed the acquisition of Imperva, a California-based cybersecurity company, for approximately $3.6 billion. The French aerospace, defense and security company reached an agreement to make the purchase from software investment firm Thoma Bravo in July, a transaction that was initially expected to end in the first quarter of 2024. The addition of Imperva expands Thales’ cybersecurity portfolio....
A satellite industry market shift has prompted Intelsat’s strategy reboot from a bandwidth supplier to an “end-to-end provider of seamless and secure satellite-based network solutions to government and commercial customers globally,” CEO David Wajsgras said. Speaking at an investor day event on Thursday, Wajsgras said that the satellite industry has grown from its estimated $12 billion...
The Thales Group and EPI, an entity under the Edge Group, have signed a letter of intent to explore procurement opportunities for industrial parts and engineering services. EPI is a precision engineering company supporting the aerospace, defense and oil and gas industries across the United Arab Emirates. The company provides manufacturing engineering, surface treatment, coating, repairing and...
Saab has received a $76.2 million contract to provide support services for South Korea’s Arthur mobile weapon locating systems. Signed with the South Korean Defense Acquisition Program Administration, the five-year deal also requires the Swedish defense company to deliver spare parts for Arthur. According to Carl-Johan Bergholm, head of surveillance business at Saab, the agreement...
Airbus Defense and Space has awarded Elbit Systems a five-year contract for the installation of Direct Infrared Counter Measures and Infrared Missile Warning Systems on Canada’s Airbus A330 Multi Role Tanker Transport refueling aircraft. Elbit did not disclose the value of the contract it announced Monday but noted that the missile protection systems have been...
The French Defence Procurement Agency or DGA has awarded a contract for Thales to supply the French Navy’s seven new offshore patrol vessels with surveillance solutions. The company’s contract announcement did not specify its value but said the sensors for delivery include Thales’ Bluewatcher hull sonar, the new NS50 compact multi-mission surveillance radar and the...
