Helsing, a Munich-based defense company focused on creating artificial intelligence-based military solutions and components, has secured over $490 million from a Series C financing round it initiated to raise funds for product research and development. U.S.-based venture capital firm General Catalyst led the funding round, with Elad Gil, Accel, Saab, Lightspeed, Plural and Greenoaks as...
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Tag: Europe
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Fluor, RoPower Nuclear Partner for Phase 2 of Romanian Small Modular Reactor Facility
Fluor is collaborating with RoPower Nuclear for Phase 2 of the front-end engineering and design work at a small modular reactor facility in Doicesti, Romania. The partnership will focus on customizing a six-reactor SMR power plant with NuScale technology, which, according to European codes and standards, could produce up to 462 megawatts. The two companies...
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NATO Awards Contracts on Platform Concept Studies for Next-Generation Helicopters; Stacy Cummings Quoted
The NATO Support and Procurement Agency has awarded separate contracts to three teams led by Airbus Helicopters, Lockheed Martin Sikorsky and Leonardo to undertake a concept study on the design and execution of the Next Generation Rotorcraft Capability program. NGRC is geared to replace the military alliance’s helicopters by the mid-2030s. NSPA said in a...
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Spain to Improve Air Defense Capabilities With Lockheed Martin PAC-3 Missile Acquisition
Lockheed Martin has received a new order from Spain for Patriot Advanced Capability-3 Missile Segment Enhancement missiles. According to Lockheed, with over 90 successful flight tests, the PAC-3 family of missiles defends against adversary systems through direct body-to-body contact, making the missiles more destructive compared to blast-fragmentation mechanisms. The deal, which comes after reaching an...
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Accenture Expands SAP, Supply Chain Offerings With Camelot Management Acquisition
Accenture has expanded its SAP and supply chain capabilities with the acquisition of Camelot Management Consultants, a SAP-focused management and technology consulting firm based in Germany. In a press release on Monday, the global professional services firm said customers will benefit from Camelot’s analytics, data strategy and modernization expertise at a time when more organizations...
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Lockheed Martin Signs Cooperation Agreement With Germany’s Lufthansa Technik; Michael Williamson Quoted
Lockheed Martin has signed a memorandum of understanding with Lufthansa Technik, a provider of technical support for the aviation industry, to cooperate in delivering a range of services to global customers. The companies held a signing event at the Farnborough International Air Show. Michael Williamson, president of Lockheed Martin International, said the agreement combines the...
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Leonardo Exec Sees MBDA-Style Consolidation for Europe’s Defense Industry
Leonardo co-general Manager Lorenzo Mariani said significant consolidation among European defense companies in the future will lead to a healthier defense sector in the region. In an interview with Breaking Defense published on Thursday, Mariani discussed how consolidation differs from the mergers and acquisitions practice in the United States and how it is more similar...
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Report: US Must Prioritize FMS From NATO Members to Secure Regional Security
A report by RAND suggested that the United States adopt a framework systematically prioritizing NATO members’ foreign military sale cases to align with defense security goals in Europe. Apart from taking on the proposed framework, the report made additional recommendations to the United States Army Europe and Africa to improve regional security, including: Ensuring USAREUR-AF...
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Embraer Seals Deal to Provide Netherlands, Austria With Nine C-390 Millennium
Embraer has secured a contract with the Dutch Ministry of Defense to deliver nine C-390 Millennium aircraft. The joint purchase agreement will supply five C-390s for the Royal Netherlands Air Force and four aircraft for the Austrian Air Force. The aerospace company said the procurement will improve the European countries’ ability to rapidly move personnel...
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UK-Japan-Italy Partnership Unveils Concept Model of Next-Generation Combat Aircraft; Herman Claesen Quoted
BAE Systems has unveiled a new concept model of its next-generation combat aircraft under the Global Combat Air Program at the Farnborough International Airshow. The new aircraft, which the U.K. contractor developed with Japan’s Mitsubishi Heavy Industries and Leonardo of Italy, features a larger wingspan than previous concepts for enhanced aerodynamics, a more intelligent weapons...