Advanced technology and defense firm EDGE Group, based in the United Arab Emirates, and French shipbuilder CMN NAVAL are set to form a joint venture to produce high-value small to mid-size naval vessels, such as corvettes, offshore patrol vehicles, and high-speed interceptors. The business arrangement, AD NAVAL, will be based in Abu Dhabi. According to EDGE,...
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Category: Investment Security
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Hensoldt Enters Partnership to Grow European Defense Tech Startups
Hensoldt, a Germany-based global defense and security applications company, is looking to help develop European aerospace and defense startups through a collaborative agreement with TUM Venture Labs. TUM Venture Labs is a joint effort of the Technical University of Munich and its affiliate entrepreneurship center, UnternehmerTUM. As a partner, Hensoldt said it intends to provide...
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Quantum Systems Expands Drone Portfolio With AirRobot Acquisition
German advanced multi-sensor unmanned aerial systems maker Quantum Systems has acquired aerospace component manufacturer AirRobot, expanding the products and services it offers to the Bundeswehr and other armed forces in Europe. Integrating AirRobot into its operations allows the German drone company to gain a helicopter drone offering, among other unmanned systems. “This acquisition strengthens our...
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HII to Lead AUKUS Nuclear Submarine Supply Chain Buildup
HII will lead the new Australian Submarine Supplier Qualification, or AUSSQ, program aimed at accelerating the development of Australia’s supply chain to support the AUKUS trilateral security partnership between Australia, the United Kingdom and the United States. The program will identify and qualify Australian suppliers and products that will support the AUKUS Submarine Industry Strategy,...
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CYSIAM, CrowdStrike Partner on Improving UK Defense Supply Chain Cyber Posture
CYSIAM and CrowdStrike will collaborate to improve the posture of the United Kingdom’s defense supply chain using their expertise in incident response, managed security services and threat intelligence. The partnership comes as the local defense supply chain faces increasing cyber threats that could impact operations. According to Ben Emslie, Northern EMEA vice president at CrowdStrike,...
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South Australia Breaks Ground on Naval Shipbuilding Training Facility
Australia has started constructing the Skills and Training Academy, a facility to equip the local workforce with shipbuilding skills. The Albanese government has allocated $304.3 million for the initiative. Located in Osborne, South Australia, the campus will simulate a submarine construction yard, trade workshops, state-of-the-art classrooms and other facilities, enabling students to gain hands-on skills...
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SPA Expands Australian Business With Proximity Acquisition
Virginia-based advisory and technical services company Systems Planning & Analysis has completed the acquisition of Australian consulting firm Proximity. Founded in 2011, Proximity offers a full spectrum of support services, with offices in Canberra, Sydney and Melbourne. The multidisciplinary consultancy’s clients include those from the government, industry, the financial services sector and nonprofit organizations. With...
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Nokia Receives EC Regulatory Approval for $2.3B Infinera Acquisition
Finnish telecommunications solutions provider Nokia has received approval from the European Commission for its $2.3 billion acquisition of Infinera, a U.S. manufacturer of open optical networking equipment. Once the deal is finalized, the combined entity will produce optical transport equipment and other related hardware. Nokia, which announced the acquisition deal in June 2024, believes the...
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CGI Closes Acquisition Deal for UK Tech Engineering Consultancy BJSS
Canadian IT and business consulting firm CGI has completed its acquisition of BJSS, a technology and engineering consultancy based in the United Kingdom. The move follows the signing of a share purchase agreement in January that formalized their commitment to the deal. The acquisition is part of CGI’s expansion to enhance its capabilities in artificial...
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Claude Castan to Head Cognizant’s Belcan Aerospace Hub in France
Aerospace and defense sector veteran Claude Castan is set to head Cognizant company Belcan’s new office in Toulouse, France. The new aerospace and defense hub was launched as part of an initiative to ensure the company can better support its global customers’ growing demand. Castan will lead a team that collaborates closely with Belcan’s global...