The European Commission is joining forces with the European Space Agency to address global challenges with innovative technologies. Timo Pesonen, director-general for defense industry and space, for the EC and Josef Aschbacher, director general of the ESA, signed a collaboration agreement to combine resources and competence to enhance the European capacity to protect critical infrastructure,...
Hello, Guest!
Category: Geopolitical Issues
Post
US Cuts Back Licensing Requirements for Australia, UK to Promote Trade, Innovation
The United States has scaled down its export control rules for Australia and the United Kingdom to advance defense trade and innovation among the three countries. The Department of Commerce’s Bureau of Industry and Security, which released the interim final rule Thursday to govern trade flow for the AUKUS partners, estimated that the change would...
Post
US Treasury Designates Entities, Individuals Involved in Iranian Drone, Missile Production
The Department of the Treasury’s Office of Foreign Assets Control has designated 16 individuals and several entities for enabling Iran’s production of unmanned aerial vehicles and ballistic missiles used in a weekend attack against Israel. Companies and individuals subject to assets and trade restrictions include Oje Parvaz Mado Nafar Co. and its CEO Mohammad Sadegh...
Post
NATO Meets With Industry Leaders to Discuss Ways to Enhance Maritime Surveillance
NATO met with company leaders in Belgium this week to explore potential collaboration in maritime surveillance. Over 200 representatives from government and industry convened at NATO Headquarters in Belgium to discuss how to better protect vital communications in sea lanes and other infrastructures. The event is part of the military alliance’s Digital Ocean initiative, launched...
Post
Rheinmetall Signs Agreement to Build Ammunition Factory in Lithuania
Rheinmetall intends to build a 155 mm ammunition factory in Lithuania to support the country’s security partnership with Germany. On Tuesday, Maximilian Froch, coordinator for strategic program management at Rheinmetall, signed a memorandum of understanding with Lithuanian Minister of Economy and Innovations Ausrine Armonaite and Minister of National Defense Laurynas Kasciunas to begin the processes...
Post
Microsoft Invests $1.5B in Emirati Tech Company G42 to Accelerate AI Innovation in the Middle East
Microsoft is partnering with an Emirati company to develop artificial intelligence for various applications. The Redmond, Washington-based company said it will invest $1.5 billion in g42, an AI company headquartered in Abu Dhabi, United Arab Emirates. Brad Smith, vice chair and president of Microsoft, is joining G42’s board of directors as part of the deal....
Post
US Grants Samsung $6.4B to Manufacture Semiconductors in Central Texas
The United States government is awarding up to $6.4 billion in direct funding to Samsung. On Monday, U.S. Secretary of Commerce Gina Raimondo visited the company’s new semiconductor manufacturing facility in Taylor, Texas, where she announced the investment. “We’re saying for the first time ever, Samsung can conduct in the United States of America core...
Post
Iraq Secures US Approval for Proposed $140M Aircraft Contractor Logistics Support
The United States has approved the Iraqi government’s request for aircraft contractor logistics support worth $140 million. Under the proposed foreign military sale, Baghdad will receive aircraft sustainment services for its C-172 and AC/RC-208 fleet. The requirements include technical and proficiency training for Iraqi maintainers and aircrews, spare and repair components, engineering and technical services,...
Post
China Announces New Round of Sanctions on US Companies Over Arms Sales Deal With Taiwan
China has sanctioned U.S. companies General Atomics Aeronautical Systems Inc. and General Dynamics Land Systems over arms deals with Taiwan, which it considers a breakaway province. The economic action bans senior executives from both defense technology providers from entering China and freezes access to company assets in the country. General Dynamics operates Gulfstream and jet...
Post
Saudi Arabia Looks to Improve Surveillance Capability With $101M Proposed FMS
The United States has cleared a potential $101.1 million sale of multifunctional information distribution systems to Saudi Arabia. The Department of State approved Wednesday Riyadh’s latest request to purchase 50 MIDS-low volume terminal Block Upgrade 2 terminals and 100 MIDS-LVT BU2 retrofit kits. According to the Defense Security Cooperation Agency, the new order will be...