Rheinmetall has bared plans to acquire Loc Performance, a Plymouth, Michigan-based manufacturer of components for military and civilian vehicles, to strengthen the German arms producer’s U.S. market presence. The company said the acquisition price will be based on Loc Performance’s enterprise value of $950 million. According to Rheinmetall CEO Armin Papperger, the move, subject to...
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Author: Arthur McMiler (Arthur McMiler)
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Reducing Classification Barriers to US Space Programs Can Boost International Collaboration, SSC Official Says
Easing the classification of some U.S. military space programs and missions can help strengthen the international space supply chain, an effort that Space Systems Command is now working with U.K. and Canadian stakeholders, SSC spokesperson Edgar Nava told Defense News. Nava said SSC also expects to collaborate with other countries in creating the space supply...
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US Army Demos Allied Interoperability in NATO’s Paladin Strike Military Drills
The U.S. Army deployed its 2nd Battalion, 12th Cavalry Regiment, 1st Armored Brigade Combat Team, 1st Cavalry Division to the Paladin Strike field exercise in Latvia from Aug. 5 to 8 to demonstrate coordinated land combat tactics with NATO allies. Warfighters from Canada, Latvia, Romania, Spain and the United Kingdom also participated in the exercise...
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UK Joins Indo-Pacific Military Exercises to Support Regional Security, Stability
The British Royal Air Force, Royal Navy and Royal Marines participated in recent multinational Indo-Pacific military exercises as part of U.K. support for the region’s security and stability. The U.K. government said it sent forces to operate alongside close to 30 international allies in their deployments, which included participation in Exercise Predators Run held from...
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Northrop Grumman Taps Genohco for Hardware Support to South Korea’s Mine Countermeasures Project; Janice Zilch Quoted
Northrop Grumman is securing from defense and aerospace communications company Genohco the hardware components for South Korea’s mine countermeasures helicopter program. The hardware supply, set through a recently signed memorandum of understanding between the two companies, supports Northrop’s 2023 contract with Korea Aerospace Industries to deliver airborne laser mine detection systems to South Korea’s KMCH...
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Oracle Expands Mideast Footprint, Opens New Public Cloud Region in Riyadh
Oracle has launched a second public cloud region in Saudi Arabia, part of the company’s $1.5 billion investment to help advance the kingdom’s cloud infrastructure and artificial intelligence-based economy. The Austin, Texas-based cloud services provider, which already operates a public cloud region in Jeddah, added the new center in Riyadh, with plans to set up...
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Italian Navy Adds Fourth Vessel in Purchase Contract With Fincantieri-Leonardo Joint Venture
The Italian Navy has notified Orizzonte Sistemi Navali, a joint venture of Fincantieri and Leonardo, that it is exercising its option for a fourth offshore patrol vessel under a shipbuilding contract initiated in July 2023. The additional order under the military branch’s next-generation OPV program is worth about $258 million, including related logistical support. The...
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Canberra Co-Funds Anduril’s Ghost Shark Program to Fast-Track Undersea Drone Development; Pat Conroy Quoted
The Australian government will provide $13 million to co-fund Anduril Australia’s Ghost Shark program, which aims to develop an autonomous vehicle for undersea intelligence, surveillance, reconnaissance and strike missions. Anduril is co-investing over $13 million in the program’s early works contract with the Department of Defence. The first manufactured prototype of Ghost Shark was unveiled...
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QinetiQ Wins $307M Aerial Training Services Contract With Bundeswehr; Steve Wadey Quoted
U.K. defense technology company QinetiQ will provide the German Armed Forces with aerial training services under a 10-year contract valued at $307 million, with a two-year extension option. QinetiQ said the procurement from the Bundeswehr, which covers Germany’s Air Force, Army, Navy and Special Forces, is the largest and longest service contract for the company’s...
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Italian Navy Modernization Advances With $1.6B Twin Frigate Purchase From Fincantieri-Leonardo Joint Venture
Orizzonte Sistemi Navali, a joint venture of Fincantieri and Leonardo, has secured a $1.6 billion contract to build two Italian Navy warships through FREMM, a European multipurpose frigate program. According to a Naval News report, the Italian Navy has ramped up its modernization activities over the past 10 years, and Fincantieri is involved in most of...