The Financial Action Task Force has made changes to its list of jurisdictions under increased monitoring. Following its plenary meeting in October, the task force added Bulgaria and removed Albania, Jordan, Panama and the Cayman Islands from its list of countries with deficiencies in their anti-money laundering, countering the financing of terrorism and countering the financing...
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Category: Investment Security
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DTC, Silentium to Develop Air Defense Solution With No Electromagnetic Signature
Domo Tactical Communications, a MIMO mesh provider based in Virginia, is working with Silentium Defence of Australia to develop an air defense radar system that can detect surface and airborne targets. The two companies will combine their technologies to produce a solution with no electromagnetic signature. Dave Huisenga, executive vice president and general manager for...
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Colt Technology Services Agrees to Buy Lumen Technologies’ EMEA Operations for $1.8B
London-based Colt Technology Services, a digital infrastructure company, has signed an agreement to purchase Lumen Technologies’ Europe, Middle East and Africa business for $1.8 billion. According to a Lumen press release, the deal includes the sale of Lumen’s EMEA terrestrial and subsea networks, data centers and network equipment. Keri Gilder, Colt Technology Services CEO, said...
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Accenture Acquires UK Government Digital Transformation Firm 6point6
Accenture has agreed to acquire technology consultancy firm 6point6. The acquisition, once completed, will expand Accenture’s presence and capability to support customers in the United Kingdom. Terms of the deal were not disclosed. London-headquartered 6point6 was founded in 2012. It offers digital transformation, cybersecurity and data services to the U.K. central government. Among its major...
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Airbus Helicopters, Naval Group Test Unmanned Aerial System From French Navy Frigate
Airbus Helicopters and the French defense company Naval Group have completed a sea trial of a naval aerial drone system in the Mediterranean Sea. The autonomous VSR700 flew from the multi-mission frigate Provence, demonstrating its capability to perform surveillance and intelligence missions from an operational warship. The trial was conducted with the French Navy, which supplied...
NASAMS 1, Bodø, 2005.jpg by Jorgh at English Wikipedia, from Wikipedia, licensed under public domain
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New Cooperative Agreement Grooms Norwegian Missile System for Further Upgrade
The Norwegian Ministry of Defence said it will upgrade the Norwegian Advanced Surface-to-Air Missile System or NASAMS under a new cooperative agreement with Raytheon and Kongsberg Defence & Aerospace. Raytheon and Kongsberg jointly develop and manufacture NASAMS as a versatile medium-range air defense solution. According to Kongsberg’s website, NASAMS has continued to evolve since its...
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Thales Names Fabien Bortoluzzi as Managing Director for Western, Central Africa Operations
Thales has appointed Fabien Bortoluzzi as managing director of the company’s operations in Western and Central Africa. In his new role, Bortoluzzi will lead the company’s over 1,000 employees in the continent and drive the growth of its civil and defense businesses in the region from the Thales West and Central Africa headquarters in Dakar, Senegal. ...
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Google to Improve Connectivity in South Pacific With Two Upcoming Subsea Cables
Google is installing two new transpacific subsea cables in the Pacific Ocean as part of the South Pacific Connect initiative. The first cable, named Honomoana after the Polynesian word for “link” and “ocean,” will connect French Polynesia to the United States and Australia. Meanwhile, Tabua, named after a sacred Fijian whale’s tooth, will serve communities in...
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South Korea’s Hanwha Aerospace to Develop Actuation Systems for Vertical Aerospace’s VX4 Aircraft
South Korea’s Hanwha Aerospace has signed an agreement with Vertical Aerospace to deliver the electro-mechanical actuation systems for the latter’s VX4 electric aircraft. Finalized at the recently concluded Seoul International Aerospace and Defense Exhibition 2023, the expanded deal requires Hanwha to design, test, manufacture and supply the electric vertical takeoff and landing aircraft’s tilt and...
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Leonardo Seeking Key European Defense Industry Alliances, New CEO Says
The new CEO of Italian defense and electronics firm Leonardo, Roberto Cingolani, said the company is “working on some alliances that should create European hubs in fundamental defense sectors.” According to a Defense News report, the CEO’s strategy, which he unveiled in a speech before a defense committee in the Italian Parliament, calls for a...