The China Integrated Circuit Industry Investment Fund, also known as the Big Fund, is planning to launch its third investment initiative supporting the country’s development of advanced semiconductors. People familiar with the matter told Reuters that China’s state-owned fund aims to generate investments worth $41 billion, a significant increase compared to the previous funds worth...
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Author: Kristen Smith (Kristen Smith)
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US, India to Hold Defense Tech Competition for Startups
The United States and India have agreed to launch a defense technology development competition comprising various challenges for startups in both countries. During a meeting of the India-U.S. Defense Acceleration Ecosystem senior advisory group on Tuesday, the U.S. Defense Innovation Unit and India’s Innovations for Defence Excellence announced that the first two joint prize challenges...
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Russia-Linked Ransomware Group Attacks UK Private Security Firm
Zaun, a British company that provides perimeter fencing products to military and intelligence sites, has been hit by a ransomware attack. In a statement published on its website, Zaun said the LockBit ransomware group launched the attack through a computer running the Windows 7 operating system and software for a manufacturing machine, allowing LockBit to...
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New Export Restrictions Imposed on Nvidia, AMD’s AI Chips
The United States is requiring Advanced Micro Devices and Nvidia to secure licenses prior to exporting artificial intelligence chips to some countries in the Middle East. According to a Reuters article, Nvidia said in a regulatory filing that the new export rule would not have “immediate material impact” on its financial results. AMD does not...
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Lockheed Signs F-16 Pilot Training Agreement With Netherlands, Romania
U.S. defense contractor Lockheed Martin will provide training on the F-16 fighter jet in Romania on behalf of the Netherlands. Filippo Marchetti, senior regional executive at Lockheed, signed the letter of intent with the defense ministers from the two nations in Spain earlier this week. The agreement involves establishing a pilot training center at the...
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General Atomics to Provide MQ-9A Logistics Support to UK
The U.S. Air Force Life Cycle Management Center has awarded General Atomics Aeronautical Systems Inc. a $25.4 million sole-source, cost-plus-fixed-fee contract to provide the U.K. Royal Air Force with logistics support for MQ-9A unmanned aerial vehicles and a ground control station. Work includes deploying a field service representative and conducting repairs and technical support tasks...
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Canadian Cyber Center Identifies Russia, Iran as Cybercrime Safe Havens
Canada’s cybersecurity center has pinpointed Russia and Iran as nations “very likely” acting as safe havens for cybercriminals. In its newly released document, titled “Baseline Cyber Threat Assessment: Cybercrime,” the Canadian Centre for Cyber Security cited third-party reports and decisions of agencies in other countries supporting the assessment that Russia and Iran are sponsoring cybercriminals...
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Israel’s Oron Spy Plane Enters Flight Testing Phase
Israel’s new spy aircraft is now ready to undergo flight testing, to be facilitated by the Israeli Air Force and Israel Aerospace Industries, following the completion of intelligence systems integration, i24NEWS reported. The Oron aircraft is a Gulfstream G550 business jet equipped with sensors and data collection equipment to serve as an intelligence plane for...
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US to Start Training Ukrainian Pilots on F-16 in October
Ukrainian pilots are expected to begin flight training on the F-16 fighter jets in October to strengthen Ukraine’s long-term security needs and its defenses against Russian invasion. The U.S. Air Force’s 162nd Wing will facilitate the exercises at Morris Air National Guard Base in Arizona. Air Force Brig. Gen. Pat Ryder, the Pentagon’s chief spokesperson,...
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Leonardo Establishes UK Supply Chain to Support $1B New Medium Helicopter Bid
Leonardo Helicopters plans to build AW149 helicopters using components solely from U.K.-based businesses if the company wins the $1.27 billion New Medium Helicopter contract from the UK Ministry of Defence. According to the NMH contract notice published in 2022, the MOD intends to acquire between 36 and 44 aircraft to phase out existing rotorcraft systems...