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Tag: Investment Security

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Airbus, Helsing to Develop AI Tech for Pairing Manned, Unmanned Aircraft; Mike Schoellhorn Quoted

Airbus Defence and Space will partner with Helsing to develop artificial intelligence technologies for the Wingman platform, an unmanned fighter-type aircraft being developed for Germany. The two companies, which announced the agreement at the Berlin Air Show on Wednesday, will use advanced AI capabilities to pair manned and unmanned military aircraft. Under the deal, Airbus...

Rheinmetall to Build Ammunition Plant in Lithuania With Potential New Incentives; Ausrine Armonaite Quoted
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Rheinmetall to Build Ammunition Plant in Lithuania With Potential New Incentives; Ausrine Armonaite Quoted

Germany-based defense company Rheinmetall has signed a memorandum of understanding to build an ammunition plant in Lithuania. The Baltic country has declared the project of state importance and is receiving new incentives from the Lithuanian Ministry of the Economy and Innovation, led by Minister Ausrine Armonaite. The planned incentives include legal amendments to simplify site...

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Thales Acquires Australia’s Tesserent as It Looks to Strengthen Its Global Cybersecurity Portfolio

French defense and aerospace company Thales has finalized its acquisition of Australian cybersecurity firm Tesserent, a deal that it said will contribute to building its cybersecurity business worldwide. Tesserent’s full suite of cybersecurity solutions and services delivered a 2022 turnover of $117.4 million, making it one of the leading industry players in the country. Its...

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Japan Pursues Tomahawk Missile Purchase in $320B Military Buildup

Newly appointed Japanese Defense Minister Minoru Kihara met with U.S. Defense Secretary Lloyd Austin on Wednesday to discuss the congressional approval process for Japan’s planned Tomahawk cruise missile purchase. According to Kihara, the Japan Ministry of Defense decided to purchase the U.S. Tomahawks to beef up its counterstrike capabilities while still working on completing the...

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Thales Names Fabien Bortoluzzi as Managing Director for Western, Central Africa Operations

Thales has appointed Fabien Bortoluzzi as managing director of the company’s operations in Western and Central Africa.  In his new role, Bortoluzzi will lead the company’s over 1,000 employees in the continent and drive the growth of its civil and defense businesses in the region from the Thales West and Central Africa headquarters in Dakar, Senegal. ...

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Australia Establishes Defence Digital Group to Strengthen ICT Capabilities

The Australian Defence Force has established a new group to oversee Australia’s digital information and communications capabilities. According to Chris Crozier, chief information officer of the Australian federal government, the formation of the Defence Digital Group to replace the Chief Information Officer Group is a step forward in aligning the ADF’s information and communication posture and structure...

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KBR to Continue Supporting UK’s $1.2B Clean Energy Efforts

KBR’s Frazer-Nash Consultancy has secured a contract from the U.K. Department for Energy Security and Net Zero to continue supporting the country’s $1.2 billion clean energy initiative. Modifications to the agreement originally awarded in 2021 include the company assisting in the United Kingdom’s efforts to develop new energy technologies, systems and processes. In particular, it...

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Google Digital Futures Project to Promote Best AI Deployment in Europe

Google has launched the Digital Futures Project to support its objective of deploying the best artificial intelligence technologies in Europe. According to Kent Walker, president of global affairs at Google, the project underscores the company’s conviction that Europe has a big role to play in advancing the future of AI. Delivering his speech at the...

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Rafael Advanced Defense Systems Names Yoav Turgeman as New CEO

The board of directors of state-owned Israeli company Rafael Advanced Defense Systems has appointed Yoav Turgeman as its new CEO, replacing Yoav Har-Even, who held the position for over eight years. Yuval Steinitz, Rafael board chairman, hailed the unanimous vote and expressed confidence in Turgeman, saying he has the necessary experience, competencies and skills to...

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UAE To Deliver, Operate Airlock Module for NASA’s Gateway Space Station

NASA will work with the United Arab Emirates’ Mohammed Bin Rashid Space Centre to develop an airlock module for the Gateway Space Station. The aerospace company will build, deploy and operate the Crew and Science Airlock module for the space station that will be launched to orbit the moon, according to an agreement announced on...