The U.S. Department of the Treasury has blocked the assets and stateside transactions of three companies and an individual based in Lebanon and Turkey for their association with Iranian and Hezbollah-affiliated terror groups. The entities generate funds from selling Iranian commodities, including sales to the Syrian government. Their revenues provide key opportunities for “hundreds of...
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Category: Press Releases
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Westinghouse, Bechtel Gain Support for Nuclear Reactor Projects in Czechia
Westinghouse Electric and Bechtel will tap the Czech Republic’s nuclear industry capabilities to pursue their proposal to supply the Balkan country with up to four nuclear reactors. The American companies will draw support from the local industry base via an agreement signed with the Czech Power Industry Alliance in Washington on Wednesday, Westinghouse said. The CPIA,...
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DOD Bares New List of Chinese Military-Linked Companies
The Pentagon has updated its list of Chinese military-linked businesses with either direct or indirect operations in the United States. The list is compiled in accordance with Section 1260H of the National Defense Authorization Act for Fiscal Year 2021. The Department of Defense said Wednesday that the provision’s continuing implementation is important to counter China’s...
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UK Wants to Develop New Defense Materials for Extreme Environments
The United Kingdom’s Defence Science and Technology Laboratory has established the Defence Materials Centre of Excellence, a $54 million government partnership with 23 industry and academic organizations to develop new defense materials for extreme environments. Dstl said DMEx, which also includes research organizations, like the Catapult Network, will operate under the Henry Royce Institute, a...
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Rheinmetall Hungary Munitions Plant to Start IFV Ammo Production in 2024
Rheinmetall Hungary Munitions, a joint venture of the German automotive and arms manufacturer Rheinmetall and the Hungarian holding company N7, will begin manufacturing ammunition in 2024 at its new plant in Varpalota, Hungary, which is now in its second phase of construction. According to Rheinmetall, the plant’s completed first phase will produce 30 mm medium-caliber...
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Greece Wins US Approval to Acquire 40 F-35 Fighter Jets
The U.S. Department of State has given the green light on Greece’s plan to purchase 40 F-35 fighter jets from the United States. Details of the proposed foreign military sale worth $8.6 billion have been sent to Congress for review and approval, according to the Defense Security Cooperation Agency. Under the deal, Athens is also...
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11 Companies To Compete in ADF Drone Accelerator Development Challenge
Eleven Australian companies are expected to demonstrate uncrewed aerial system prototypes in the Australian Defence Force’s Sovereign UAS Challenge scheduled in April. According to the Australian Minister of Defence’s office, the Advanced Strategic Capabilities Accelerator is running the innovation contest to supply new capabilities to the ADF. ASCA was formed in May to transition game-changing...
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Industry Comments Sought on Planned Regulations for Foreign Access to US IaaS Solutions
The U.S. government is proposing new regulations to counter major cybersecurity breaches. The Department of Commerce Bureau of Industry and Security said these rules, open for public comment until April 29, respond to a January 2021 executive order that outlines the national emergency that these malicious cyber-related activities pose. The proposal mandates U.S. infrastructure-as-a-service providers...
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US Approves Sale of F-16 Fighting Falcons to Turkey for $23B
The administration of President Joe Biden has approved the sale of F-16 aircraft and related equipment to Turkey. In a Friday press release, the Defense Security Cooperation Agency said it notified Congress about the potential foreign military sale of 40 new F-16 aircraft and the modernization of Turkey’s 79 existing fighters for $23 billion. Lockheed Martin...
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CRDF Wins Global Affairs Canada Contract to Implement Programs That Address North Korean Threat
CRDF Global has received a contract from Global Affairs Canada to strengthen the nation’s defenses against North Korea. The Arlington, Virginia-based company will work on four projects that address the regime’s cyber, sanctions evasion and missile proliferation activities. The contract is valued at $1 million. “International collaboration is vital to enhance cybersecurity awareness and sanctions...