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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BlackBerry Names New Chief Financial Officer; John Giamatteo Quoted
BlackBerry has named Tim Foote as chief financial officer, reporting directly to CEO John J. Giamatteo. In a press release on Monday, the company announced that Foote and two other executives are joining the finance team. Foote has been with the company since it acquired Good Technology in 2015. Before his new role, he held...
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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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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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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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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...
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Cybersecurity Advisory Warns of North Korean Espionage Campaign
The United States, the United Kingdom, and South Korea have issued a joint cybersecurity advisory to warn against a North Korean cyber espionage campaign. According to the advisory, hacker groups known as Andariel, Onyx Sleet, DarkSeoul, Silent Chollima, and Stonefly/Clasiopa operate under Pyongyang’s intelligence agency, the Reconnaissance General Bureau. The threat actors primarily target defense,...
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IBM to Support USAID Initiative to Strengthen Cybersecurity in Europe; Alice Fakir Quoted
IBM has secured a contract from the U.S. Agency for International Development to provide cybersecurity support in European and Eurasian countries. The deal includes a $26 million in initial funding to support the agency’s Cybersecurity Protection and Response program, which helps strengthen cybersecurity across government and critical infrastructure and bolster information sharing in Europe and...
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New AI Cooperation Agreement Aims to Boost US-Singapore Defense Alliance
The U.S. Department of Defense and the Singapore Ministry of Defence have established a framework for technical collaboration on data analytics and artificial intelligence under a newly released statement of intent. The SOI — signed on Monday by Radha Iyengar Plumb, DOD’s chief digital and AI officer, and Brig. Gen. Yew Chee Leung, Singapore Ministry...
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Motorola Solutions to Boost Its LMR Business With New Ireland R&D Facility
Motorola Solutions is looking to fortify its comprehensive land mobile radio capabilities with a new facility in Ireland. On Monday, the telecommunications equipment company announced plans to open a new research and development center in Cork specializing in software development for the LMR portfolio. The new facility follows the company’s allotment of more than $12...