Leonardo is divesting its business line responsible for making torpedos. The defense company signed a definitive agreement with Fincantieri, one of the biggest shipbuilders in Europe, for the sale of Underwater Armaments Systems for up to $447 million. In a press release, Leonardo said Fincantieri will pay a fixed amount of about $323 million for...
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Author: Elodie Collins (Elodie Collins)
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Sweden Looks to Strengthen Defense, Cybersecurity Partnership With US
Swedish government leaders are visiting the United States this week to strengthen trans-Atlantic cooperation on defense and cybersecurity. Carl-Oskar Bohlin, Sweden’s minister of civil defense, is scheduled to meet with representatives from the White House to discuss heightening geopolitical tensions and ongoing support for Ukraine. The delegation, including Swedish State Secretary Johan Berggren, is expected...
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US Indicts Russian National Over Role in LockBit Ransomware Campaign
The United States has unmasked and indicted a Russian national allegedly involved in the creation of the LockBit ransomware, which has targeted over 2,000 victims and collected millions of dollars in ransom money. On Tuesday, the Department of Justice unsealed a 26-count indictment against Dimitry Yuryevich Khoroshev, also known as “LockBitSupp” and “putinkrab.” “As part...
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Lithuania, Netherlands Discuss Joint Efforts to Maintain Regional Security
The defense ministers of Lithuania and the Netherlands have affirmed their commitment to strengthening security in the Baltic region. During a meeting with his Lithuanian counterpart Laurynas Kasciunas, Dutch Minister of Defence Kajsa Ollongren revealed that Amsterdam is extending its participation in the enhanced Forward Presence Battalion Battle Group Lithuania for another two years. The...
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US, Sweden Agree to Closely Cooperate on Addressing Cyber Challenges
The United States and Sweden have agreed to closely cooperate on matters related to cyberthreats. Tobias Billstrom, Swedish minister of foreign affairs, said following a bilateral dialogue in Washington, D.C., on Thursday that collaborating with the U.S. on cyber and digital issues contributes to a safer Sweden and complements the country’s membership with the European...
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Christine Zeitz Announces Departure From Northrop Grumman Australia
Christine Zeitz is stepping down from her position as chief executive and general manager of Northrop Grumman Australia by the end of September. The defense contractor confirmed her upcoming retirement in a LinkedIn post on Thursday. “In the four years since Christine joined NGA, she has driven our development as a business, established a robust strategy...
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Lithuania Defense Minister Invites US Defense Contractors to Invest in the Country
Lithuania’s Minister of National Defence Laurynas Kasciunas has invited American defense companies to invest in his country. During a recent meeting with William LaPlante, U.S. undersecretary of defense for acquisition and sustainment, Kasciunas mentioned Rheinmetall’s plan to build an ammunition factory in Lithuania and added that he hopes other defense companies will follow suit. “We...
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US, UK, Canada Issue Warning Against Pro-Russian Hacktivist Threat to Critical Infrastructure
Cybersecurity agencies from the United States, the United Kingdom and Canada have issued a joint warning about Russian hacktivists’ threat to operational technology systems. A new report titled “Defending OT Operations Against Ongoing Pro-Russia Hacktivist Activity” revealed that pro-Russia threat actors have compromised small-scale OT systems across North America and Europe. “This year we have...
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Sweden to Send Troops to Latvia for NATO’s Enhanced Forward Presence, Forward Land Forces
Sweden will deploy military forces to Latvia to participate in NATO’s Enhanced Forward Presence, Forward Land Forces. In preparation, Stockholm has ordered the Swedish Armed Forces to draft a plan for next year’s deployment. “As a NATO member, Sweden is part of NATO’s collective defense and will contribute broadly to its activities and defense of...
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Northrop Grumman CEO Sees Growth Opportunities as Demand for Weapons Increase Globally
Northrop Grumman expects multibillion-dollar sales driven by the increased global demand for weapons. During a recent earnings call, Kathy Warden, the defense company’s CEO, told investors that international sales are likely to grow at a faster rate compared to business within the United States. She said the demand in foreign markets for defense products and...
