Saab said it will study new submarine technology under an agreement with the Swedish Defence Materiel Administration. The deal requires the defense company to conduct concept development studies for future underwater capabilities. According to Saab, the preparatory studies will center on advancing existing underwater technologies and exploring new submarines and submarine-related capabilities for Sweden. In...
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US Imposes New Round of Sanctions on Russian Federation Procurement Agent
The Department of the Treasury’s Office of Foreign Assets Control has imposed new sanctions on a Belgian businessman and his companies for the export of electronics in support of the Russian military. According to OFAC, Hans De Geetere serves as a director of several companies in Belgium, Cyprus and the Netherlands. He is a long-time...
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AUKUS Security Alliance Launches Investor Network to Accelerate Advanced Military Technology Development
Australia, the United Kingdom and the United States have launched a new initiative that promotes the development of new advanced military technologies. The AUKUS Defense Investor Network is comprised of private capital investors from about 300 institutional venture capital firms, corporate venture capital groups and family offices from the three nations. Together, the network represents over...
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Australia Developing Intel Cloud Interoperable With US, UK Spy Networks
Australia is working on a top secret intelligence cloud system that would be interoperable with the United States and the United Kingdom. According to Andrew Shearer, director general of the Office of National Intelligence, the upcoming cloud infrastructure would function with the spy networks operated by Australia’s AUKUS partners. At an event hosted by the...
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Irish Air Corps’ New Spy Planes Get Viasat’s Dual-Band Satcom System
Viasat has incorporated its dual-band broadband satellite communication terminal GAT-5530 into the Irish Air Corps’ new Airbus C295 maritime surveillance aircraft. The company said the terminal’s Ku and Ka band airborne technology provides secure and flexible satcom connectivity that will enhance the aircraft’s military capability. Ireland ordered two C295 MSA planes in 2019, with Airbus...
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Poland Adds $2.6B Worth of K9 Self-Propelled Howitzers From Hanwha
Poland is acquiring over 150 more K9 Thunder self-propelled howitzers from South Korea. On Friday, Poland’s State Armament Agency said it signed a contract valued at $2.6 billion with South Korean defense company Hanwha Aerospace for the 155 mm artillery. The agreement includes six self-propelled K9 howitzers that Hanwha Defense is scheduled to deliver in 2025 and 146...
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Northrop Grumman Partners With Rohde & Schwarz to Support Multi-Function, Multi-Domain Technology Across Europe
Northrop Grumman has partnered with Rohde & Schwarz, a Germany-based electronics company specializing in electronic test equipment, to provide resilient communications systems across Europe. The companies signed a memorandum of understanding to collaborate at the Berlin Security Conference held in Germany on Monday. “Working together with German industry underscores the importance of rapidly developing solutions that...
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SIPRI: US Remains World’s Top Arms Supplier, But Production Issues Cut Revenues
The United States continued to dominate the list of the world’s top 100 arms and military services companies, accounting for 51 percent of the sector’s $597 billion revenue in 2022. According to new data from the Stockholm International Peace Research Institute, the 42 U.S. defense companies on the list saw supply chain, labor shortage and...
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Diehl Lands $650M Latvia Order to Provide Air Defense Missile System
Latvia’s Ministry of Defence has awarded Diehl Defence a $649.7 million purchase order to acquire the IRIS-T SLM medium-range air defense system from the German manufacturer. A framework agreement signed by Latvia and Estonia with Diehl Defence in September supports the arms procurement, the company said. Under the deal, Latvia will also receive the equipment...
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Nive Bhagat to Replace Carole Ferrand as Capgemini Group Chief Financial Officer
Capgemini, a digital transformation and technology services headquartered in Paris, France, has named Nive Bhagat as group chief financial officer and group executive board member. Bhagat replaces Carole Ferrand, who has served in the CFO capacity since 2018. Ferrand will facilitate the transition of her responsibilities to her successor in the next couple of weeks...