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Category: Investment Security

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Thales Acquires Australia’s Tesserent as It Looks to Strengthen Its Global Cybersecurity Portfolio

French defense and aerospace company Thales has finalized its acquisition of Australian cybersecurity firm Tesserent, a deal that it said will contribute to building its cybersecurity business worldwide. Tesserent’s full suite of cybersecurity solutions and services delivered a 2022 turnover of $117.4 million, making it one of the leading industry players in the country. Its...

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Australian Defense Companies Invited to Submit Applications for 2024 Export Catalog

Canberra has begun accepting applications from local defense companies for inclusion in the 2024 edition of a catalog that promotes its products and services to foreign governments. The previous edition of the now-renamed Australian Defence Export Catalogue featured over 250 export-ready products and services. In 2024, renaming the publication reflects “the government’s intent not only...

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Cyber Analysis Center Beefs Up European Digital Domain’s Shield

The European Commission’s continuous cyberattack risk monitoring of the digital infrastructure in Europe can now be accomplished via the continent’s first cyber analysis center, U.K. aerospace, defense and security company Leonardo announced Tuesday.  The facility is part of a $20 million project that the EC’s DG Connect awarded to a consortium comprising Leonardo and Spanish transport,...

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NATO Chief: Defense Industry Offers A Way to Ukraine Peace

NATO Secretary General Jens Stoltenberg said in a speech to address the International Defence Industry Forum in Kyiv on Friday that “weapons for Ukraine are the way to peace.” Stoltenberg also praised the Ukrainian defense industry’s resourcefulness, noting that “from drones to demining,” Ukraine’s defense innovation proceeded at “lightning speed.” The NATO chief, who addressed the...

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Westinghouse, Bechtel Sign Contract to Support Nuclear Power Plant Development in Poland

American companies Westinghouse Electric and Bechtel have signed a design and engineering contract with Polish utility Polskie Elektrownie Jadrowe to support the construction of Poland’s first nuclear power plant. For 18 months, the three companies will work together to finalize the design of three Westinghouse AP1000 nuclear islands based on the Generation III+ nuclear reactor....

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Bechtel Holds Ribbon-Cutting Ceremony for Regional HQ in Riyadh

Bechtel has opened a new regional headquarters in Riyadh, Saudi Arabia. Craig Albert, president and CEO of the engineering, construction and project management company, was present at the site for a ribbon-cutting ceremony held on Tuesday.  “This new regional headquarters reflects our strong and longstanding commitment to our customers and partners in the region,” he...

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Infleqtion Awarded Defense Slot in UK Quantum Catalyst Fund

Quantum information company Infleqtion said it has won a defense project award under Innovate UK‘s Quantum Contextual Artificial Intelligence for Long-range Correlations. The Austin, Texas-based company will partner with U.K. defense company QinetiQ in the Q-CALC data analysis project. The project, titled Quantum End-to-end Compilation for Combinatorial Optimisation, QECCO for short, is a three-year undertaking...

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QinetiQ, KBR Team Up for Test and Evaluation Services for Australian Defense

QinetiQ and KBR have signed a new partnership agreement to collaborate on delivering test and evaluation services to the Australian Defence Force. Under the teaming agreement, the two companies will build their T&Es by sharing skills and expertise from their global and local experience. In a statement, QinetiQ Australia Advisory Services Managing Director Paul Angelatos...

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Taiwan Steps Up Drone Manufacturing Program

Geosat Aerospace and Technology is set to produce Turkish-designed Jackal drones in Taiwan The company recently signed a memorandum of understanding with British firm Flyby Technology for the purchase, technology transfer and manufacturing of up to 160 of the unmanned aerial vehicle. In the press release announcing the MOU with Flyby Technology, Geosat said it would further...

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US, India, Israel, UAE Step Up to Promote I2U2 Initiative

The United States has signed a memorandum of understanding with Israel, India and the United Arab Emirates to form the I2U2 Private Enterprise Partnership. According to the MOU, the public-private partnership was established to promote and advance the mission of the I2U2 Group, which refers to India, Israel, the U.S. and the UAE. The group, whose...