Australia, the United Kingdom and the United States have launched a new initiative that promotes the development of new advanced military technologies. The AUKUS Defense Investor Network is comprised of private capital investors from about 300 institutional venture capital firms, corporate venture capital groups and family offices from the three nations. Together, the network represents over...
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Category: Investment Security
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Australia Developing Intel Cloud Interoperable With US, UK Spy Networks
Australia is working on a top secret intelligence cloud system that would be interoperable with the United States and the United Kingdom. According to Andrew Shearer, director general of the Office of National Intelligence, the upcoming cloud infrastructure would function with the spy networks operated by Australia’s AUKUS partners. At an event hosted by the...
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Poland Adds $2.6B Worth of K9 Self-Propelled Howitzers From Hanwha
Poland is acquiring over 150 more K9 Thunder self-propelled howitzers from South Korea. On Friday, Poland’s State Armament Agency said it signed a contract valued at $2.6 billion with South Korean defense company Hanwha Aerospace for the 155 mm artillery. The agreement includes six self-propelled K9 howitzers that Hanwha Defense is scheduled to deliver in 2025 and 146...
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SIPRI: US Remains World’s Top Arms Supplier, But Production Issues Cut Revenues
The United States continued to dominate the list of the world’s top 100 arms and military services companies, accounting for 51 percent of the sector’s $597 billion revenue in 2022. According to new data from the Stockholm International Peace Research Institute, the 42 U.S. defense companies on the list saw supply chain, labor shortage and...
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Thales Acquires California-Based Cybersecurity Company Imperva for $3.6B
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....
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Google Digital Futures Project to Promote Best AI Deployment in Europe
Google has launched the Digital Futures Project to support its objective of deploying the best artificial intelligence technologies in Europe. According to Kent Walker, president of global affairs at Google, the project underscores the company’s conviction that Europe has a big role to play in advancing the future of AI. Delivering his speech at the...
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Intelsat Shifts to $50B End-to-End Connectivity Market
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...
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US Issues New Sanctions on Entities Associated With North Korea
The Department of the Treasury has issued new sanctions against foreign-based agents of North Korea, officially the Democratic People’s Republic of Korea. According to the Treasury’s Office of Foreign Assets Control, Green Pine is responsible for about half of the North’s arms and related materiel exports. Green Pine is controlled by the DPRK’s Reconnaissance General Bureau. It...
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QinetiQ in Exploratory Talks to Support South Korean Aircraft Programs
QinetiQ is in exploratory discussions to explore new opportunities in the Korea Aerospace Industries’ aircraft program such as developing advanced data processing methods. QinetiQ said the collaborative effort will also study the application of its testing, trials, training and evaluation expertise to support the aerospace and defense company’s projects. According to KAI President Kang Goo-young,...
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44 Companies to Develop Tech Solutions for NATO’s Identified Challenges
NATO’s Defence Innovation Accelerator for the North Atlantic has selected 44 companies to develop technology solutions that will help the security alliance address challenges on energy resilience, undersea sensing and surveillance, and secure information sharing. Following its Thursday announcement, the organization also called for mentors and experts to guide the first batch of innovators and...