Italy cornered most of the projects under the 2023 European Defence Fund, the European Commission’s support tool for defense research and development among regional companies. Out of the EDF’s 54 R&D projects in 2023, valued at about $1.07 billion, Italian companies won 35, with Leonardo accounting for 13 grants, according to a company statement. With...
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Category: Investment Security
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KBR Secures Contract to Support Iraq Megaprojects; Jay Ibrahim Quoted
KBR will work with the Iraqi government on sustainable infrastructure development in the region. On Tuesday, the Houston-based company announced that it secured a contract valued at $46 million to provide differentiated advisory and consultancy, feasibility studies, technical reviews, project management, and economic planning and strategy development support to Iraq’s Ministry of Planning. The contract...
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Rheinmetall Partners With QUS to Improve Battlefield Management System
Rheinmetall is adding biomonitoring functions into its Gladius 2.0 soldier system through collaboration with Austria’s QUS Body Connected. Gladius 2.0 will support live data tracking of soldiers to enable adjustments during training and ensure optimal fitness development. Deployed during actual warfighting operations, the technology will provide commanders with the latest data on individual soldiers or...
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Trellix Report Exposes Rise in Chinese Cyberthreats; John Fokker Quoted
California-based cybersecurity company Trellix said in a new report that it has found an increase in cyberthreats associated with China and Russia, along with other risks, such as the growth of cyber actor tools capable of eluding endpoint detection and response solutions. The study from the Trellix Advanced Research Center, titled “The CyberThreat Report: June...
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Rheinmetall-Ukraine Joint Venture Establishes Maintenance, Repair Center for German-Made Systems; Armin Papperger Quoted
Rheinmetall Ukrainian Defense Industry, Rheinmetall’s joint venture with state-owned Ukrainian Defense Industry JSC, has opened its first service center to speed up the maintenance and repair of German military equipment on Ukrainian soil. The new facility has begun servicing Marder infantry fighting vehicles, with plans to repair Leopard 1 and Leopard 2 main battle tanks...
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Hughes Europe, Telespazio to Provide European Customers With Advanced Communications Solutions
Hughes Europe is collaborating with Telespazio to deliver advanced communications solutions to government agencies and military operators in Europe. The partnership aims to satisfy demand for intelligence, surveillance and reconnaissance and beyond visual line of sight connectivity in the region, the company said. Under the collaborative effort, Hughes Europe and Telespazio will offer fully managed...
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US Army Holds Industry Day in Oslo for Norwegian Construction Companies
The U.S. Army Corps of Engineers, Europe District, recently gave industry briefings to some 100 representatives of engineering and construction companies in Norway and across Europe about potential construction contracts involving regional security projects. The industry day held in Oslo on May 22 detailed the registration process for competing on U.S. contracts and provided an overview...
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GE Aerospace Unveils Istanbul Tech Center to Support Global, Regional Customers
GE Aerospace has unveiled a Turkey Technology Center in İstanbul to support its global and regional customers. The company said the new campus in Kartal district will house 400 skilled technicians, enhancing its engineering, innovation, research and manufacturing capabilities in Turkey and helping advance the West Asian country’s defense programs. GE Aerospace established a TTC...
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Rheinmetall, Lockheed to Develop New Capabilities for European Military Forces; Armin Papperger, Dennis Goege Quoted
Rheinmetall will co-develop advanced systems with Lockheed Martin for rocket artillery, laser weapons, simulation and training for land vehicles and helicopters, and short-range air defense. Under a memorandum of understanding signed in Berlin, the two companies will produce new capabilities for land, air and naval forces. Rheinmetall CEO Armin Papperger said the strategic partnership will provide...
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Salesforce’s New UK Center to Promote Collaboration on Harnessing AI; Zahra Bahrololoumi Quoted
Salesforce has established its first artificial intelligence center in London. According to Zahra Bahrololoumi, U.K. and Ireland CEO at Salesforce, the company chose London to emphasize its commitment to working closely with its partners and customers in a fast-growing region for AI. “AI has the potential to drive major growth for U.K. businesses, with the...