Nikon, witnessing a surge in its businesses, is looking to market its metal 3D printers to the U.S. defense and aerospace market. In an interview with Bloomberg TV on Wednesday, Muneaki Tokunari, president and chief financial officer at Nikon, said the Japanese optics and imaging firm is “betting on many things,” one of which is...
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Tag: China
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UK’s New Government Announces Strategic Defense Review to Boost Armed Forces
The United Kingdom’s new government led by the Labour Party has launched a Strategic Defence Review to identify the resources and capabilities needed to boost all British military domains in response to existing international threats, including the Russian military aggression against Ukraine and Chinese activities in the Indo-Pacific region. The review was announced after the...
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US Forms ICE Pact With Canada, Finland on Polar Icebreaker Production
The United States, Canada and Finland have announced a new partnership focused on producing polar icebreakers and workforce development in the shipbuilding industry. The Icebreaker Collaboration Effort Pact, unveiled on the sidelines of a three-day NATO summit in Washington D.C., comes as the U.S. Coast Guard builds new heavy icebreakers to ensure access to the...
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US Treasury Wants Expanded Restrictions on Real Estate Ownership Around Military Sites
The United States may tighten restrictions on foreign ownership of real estate near military installations. On Monday, the Department of the Treasury issued a notice of proposed rulemaking that would expand the jurisdiction of the Committee on Foreign Investment in the U.S. CFIUS has the authority to deny the purchase or lease of properties around...
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Taiwan to Acquire AeroVironment Switchblade 300 Loitering Munition From US
The United States has approved Taiwan’s request to purchase loitering munition systems. The proposed foreign military sale, estimated to be worth $60.2 million, will supply Taipei with AeroVironment’s Switchblade 300 advanced weapon system to strengthen the East Asian nation’s capability to defend itself against regional threats. The Switchblade 300 can be transported in a backpack...
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Senator Cosponsors Bill to Address Conflict of Interest in Government Contracting
The chair of the Senate Homeland Security and Governmental Affairs Committee has thrown his support behind the passage of a bill that would bar companies working with adversarial nations from doing business with the U.S. government. Sen. Gary Peters, D-Mich., cosponsored the Time to Choose Act, which aims to prevent U.S. enemies such as Russia...
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Treasury Seeking Comments on Proposal to Prohibit Tech-Related Deals in Countries of Concern
The Department of the Treasury is soliciting comments on its proposed regulations addressing potential national security issues posed by U.S. investments in locations deemed countries of concern under an executive order on national security technologies and products. The Treasury issued a notice of proposed rulemaking in compliance with Executive Order 14105, under which the department...
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Boeing Secures $81M Navy Deal for Engineering Support of Taiwan’s Harpoon Missile System
Boeing has secured an $81 million contract modification from the U.S. Naval Air Systems Command to provide engineering services for Taiwan’s Harpoon Coastal Defense System. The award supports configuration efforts for the Harpoon Block II tactical missiles, the HCDS launch system, and Harpoon weapon station test and production equipment. According to the Department of Defense,...
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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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US, Five Eyes Allies Warn Against China’s Recruitment of Former Western Fighter Pilots
The United States, together with its Five Eyes allies, has warned that China is trying to recruit former and current military members from Western countries to strengthen the People’s Liberation Army. In a press release, the Office of the Director of National Intelligence’s National Counterintelligence and Security Center revealed that China’s PLA is using private...