Accenture further expanded its footprint in cybersecurity following the completed acquisition of the U.K. technology consultancy 6point6, which specializes in cyber, cloud and data solutions. The newly acquired company, which operates from London and Manchester, brings in about 400 technologists to service clients’ needs, Accenture said in announcing the finalized deal on Wednesday. It did...
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Category: Investment Security
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Treasury Issues New Round of Sanctions Over Houthi Attacks in Red Sea
The Department of the Treasury has imposed new sanctions against entities aiding Iran in providing financial assistance to Houthi forces in Yemen. In a press release posted on Thursday, the Treasury’s Office of Foreign Assets Control designated Nabil Ali Ahmed Al-Hadha pursuant to Executive Order 13224, which prohibits transactions with terrorists. According to OFAC, Al-Hadha serves...
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Intel Wins $3.2B Incentives for $25B Israeli Chip Factory
The Israeli government is providing a $3.2 billion incentive for Intel’s new $25 billion chip factory in Kiryat Gat, southern Israel, where the company already has a chip-making facility. According to a statement, Intel’s Israeli plant expansion is an important element in its effort to promote “a more resilient global supply chain,” which also includes manufacturing investments...
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Xalles Advances Security Business With UK Defense Tech Firm Artemis Acquisition
Washington, D.C.-based fintech company Xalles Holdings has acquired U.K. firm Artemis Defense Technologies focused on unmanned systems and artificial intelligence solutions. It said Artemis is already operating as its fully integrated subsidiary and the first unit of the newly formed Xalles Security business group. According to Xalles, Artemis is geared to expand its U.S. footprint,...
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New CAE Full Mission Training Center Opens for Sea Lion Helicopter Operations in Germany
CAE inaugurated a fully equipped training center for NH90 NTH Sea Lion pilots at Nordholz Naval Airbase in Lower Saxony, Germany, on Monday. According to CAE, the facility features several simulators, such as an operational flight trainer for pilots and co-pilots and two operational tactics trainers for the tactical coordinator and the rear crew. The...
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Rheinmetall Secures $314M Contract From Hungary to Develop Next-Generation Tank
Rheinmetall will work with the government of Hungary to develop the next-generation tank, Panther KF51. The German arms and land systems manufacturer recently signed a development contract valued at $314.5 million in Zalaegerszeg, Hungary. “The Panther KF51 is the world’s most advanced main battle tank. It sets a new standard for the combat effectiveness of...
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Jacobs Books Three-Year Contract to Support France’s Nuclear Power Reactor Development
Jacobs Solutions has received a contract to support a French startup project to develop an innovative nuclear power reactor. Under the three-year agreement, the U.S.-based company will deliver the necessary services to ensure that Naarea can safely advance its XAMR nuclear micro-generator technology. According to Jacobs, it will provide nuclear safety and engineering support for...
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UK Strengthens Sanctions Enforcement Against Russia by Establishing New Office
The United Kingdom is establishing a government organization dedicated to monitoring and strengthening the enforcement of trade sanctions on Russia. Nusrat Ghani, industry and economic security minister, recently announced the creation of the Office of Trade Sanctions Implementation. The OTSI will be responsible for ensuring that companies in the U.K. are adhering to trade sanctions,...
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L3Harris Works With Voyis, Wavefront Systems to Deliver Enhanced AUV Capabilities
L3Harris Technologies has collaborated with Voyis Imaging and Wavefront Systems to enhance the capabilities of autonomous underwater vehicles that will be delivered to the naval forces of a NATO member state. Under the partnership, L3Harris integrated a combined payload of the Voyis Recon LS and the Wavefront Solstice 3000 multiple-aperture sonar into its Iver4 900...
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GM Defense, Jankel to Provide International Customers With Modern Mobility Platforms
GM Defense has partnered with United Kingdom-based Jankel to provide defense, government and civilian customers with enhanced mobility solutions. Under a memorandum of understanding signed by the two parties, GM and Jankel will modernize the mobility platforms of military customers in the United States, the U.K., Europe and select locations across the globe. According to...