The United States has approved Canada’s request to purchase Joint Direct Attack Munition tail kits and related elements. On Tuesday, the Department of Defense’s Defense Security Cooperation Agency issued a press release to announce the potential foreign military sale valued at $96.4 million. The proposed acquisition was approved after the Department of State determined it...
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Austal Drops Hanwha Ocean’s Acquisition Proposal
Austal, a global shipbuilding company and defense prime contractor based in Australia, has rejected a $2.82-per-share acquisition offer from Hanwha Ocean. According to Austal, it considered the proposal with its advisers and concluded that Hanwha may encounter difficulties securing regulatory approvals as part of the acquisition process. In a press release, Austal explained that the...
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Switzerland Hosts Industrial Security Working Group Conference in Zurich
Switzerland hosted the 2023 plenary meeting of the Multinational Industrial Security Working Group as chair of the collaborative body. The event in Zurich from Sept. 11 to 15 saw more than a hundred participants from over 30 countries. The United States attended the plenary through representatives from the Defense Counterintelligence and Security Agency’s Industrial Security Directorate, including...