NATO’s defense leaders have endorsed a new Science and Technology Strategy document highlighting the importance of funding S&T endeavors amid growing global instability. Join the conversation as the Potomac Officers Club’s 2025 GovCon International Summit on Oct. 16 explores how international partnerships, coalition warfare and cutting-edge technologies are transforming the defense arena. Registration starts today....
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Author: Brianne Monterey (Brianne Monterey)
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Canada Unveils Plan to Diversify, Develop Defense Sector Relations Amid Armed Forces Modernization
Canadian Prime Minister Mark Carney and Minister of National Defence David McGuinty have unveiled a $2 billion allocation to diversify the country’s defense sector partnerships as part of efforts to modernize the Canadian Armed Forces. A $2.1 billion budget will also be set aside to support the local defense sector in laying the nation’s Defense...
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NATO Calls for Increased Lethality, Greater Defense Spending Amid Russian Aggression
NATO Secretary-General Mark Rutte has highlighted the military alliance’s need to become stronger and more effective amid waning support from the United States and an increasing threat from Russia. “There is no longer East or West – there is just NATO,” Rutte said in a speech at Chatham House on Monday. “It is vital that...
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Hanwha Bid for Greater Austal Shares Under FIRB, CFIUS Review
South Korean conglomerate Hanwha Group’s bid to acquire a significant stake in shipbuilder Austal is currently being reviewed by Australia’s Foreign Investment Review Board, ChosunBiz reported. Under its acquisition plan, Hanwha seeks to purchase 19.9 percent of Austal shares. The potential transaction builds on the 9.91 percent equity the Korean company secured through an over-the-counter...
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US Treasury’s OFAC Sanctions Iran Businesses Over Alleged Ties to Revolutionary Guards
The U.S. Department of the Treasury Office of Foreign Assets Control has imposed sanctions on several businesses owned by three Iranian citizens over their alleged links with Iran’s Islamic Revolutionary Guard Corps. OFAC said in a statement Friday that the companies headed by brothers Mansour, Nasser and Fazlolah Zarringhalam allegedly launder billions of dollars through...
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Leonardo Names New VP of Helicopter Unit’s Market Development
Leonardo Helicopters has named Adam Wardrope as vice president of market development. The executive announced the appointment via LinkedIn on Saturday. Wardrope most recently served as Leonardo’s head of strategic engagement and campaigns, working from London, England, to manage the company’s relations with key defense stakeholders, government agencies and other related entities in the United...
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Lockheed Martin Commits to Strengthening Philippine Defense Sector
U.S. aerospace and defense company Lockheed Martin has committed to supporting the Philippines in equipping its workforce with the right skills and knowledge to grow the local defense landscape. “We aim to deliver social and economic value by cultivating talent, creating jobs and driving innovation that advances the domestic defense sector and supports holistic progress,”...
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Fortinet Joins NATO-Hosted Cyber Resilience Events
U.S. cybersecurity company Fortinet has participated in two NATO Industry Cyber Partnership-hosted events to ensure member nations maintain their readiness in addressing cyberthreats. At the NATO Cooperative Cyber Defence Centre of Excellence-organized Locked Shields 2025 exercise, a FortiGuard Labs team offered its consulting expertise to build exercise scenarios, such as creating red-team attacks that mimic...
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UK Commits to Sending 100K Drones to Ukraine in 2025
The United Kingdom has committed to a tenfold increase in the number of unmanned systems it plans to send to Ukraine. The British government’s latest pledge is part of the nation’s $6.1 billion military support for 2025. In a statement posted Wednesday, the Ministry of Defence said that after delivering over 10,000 drones to Kyiv...
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Former MI5 Chief Joins Vertical Aerospace Board
Vertical Aerospace has appointed Andrew Parker as the latest member of its board of directors, effective June 2. Parker brings years of national security and intelligence expertise to his new role, strengthening the British aerospace and technology company’s presence in the defense and national security segments. Parker was director general of MI5 from 2013 to...