The U.S. Department of the Treasury has issued a rule strengthening the penalty and enforcement authorities of the Committee on Foreign Investment in the United States. CFIUS is an interagency committee that oversees transactions involving foreign actors purchasing real estate and assesses their impact on U.S. national security. “This rule enhances CFIUS’ ability to vigorously defend...
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Category: Investment Security
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Curtiss-Wright, KAL to Demonstrate Open Systems Architecture Standard for Radar
U.S. aviation firm Curtiss-Wright has partnered with Korean Airlines Ltd to advance flight avionics systems for future unmanned aerial vehicles using Sensor Open Systems Architecture technical standards. The collaboration will see KAL’s Research & Development Group demonstrate how the technical standards can deliver advanced command, control, computers, communications, cyber, intelligence, surveillance and reconnaissance capabilities. The...
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US, India Seek Satellite Tracking Solutions in New INDUS-X Challenge
The U.S. Defense Innovation Unit and India’s Innovations for Defence Excellence have launched the Dual Horizons: U.S.-India Satellite Tracking Challenge, seeking detection and tracking solutions for satellites in contested, low Earth orbit environments. In collaboration with the U.S. Space Force-Indo-Pacific and the Space Domain Awareness Tools, Application & Processing, DIU and IDEX are looking for...
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UK Prime Minister Announces $1.2B Funding Opportunity for Aerospace Sector
British Prime Minister Keir Starmer has announced a $1.24 billion funding opportunity over five years for the aerospace industry under the extended Aerospace Technology Institute Programme. Industry players can submit funding applications beginning in January 2025, with awardees expected to start working on their proposed projects in the autumn. According to the Prime Minister’s Office,...
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New QinetiQ Research Facility to Support Australian Defense Programs
QinetiQ has a new research facility in Australia that will support defense initiatives under the 2024 National Defence Strategy and the Integrated Investment Program. Tanya Monro, Australia’s chief defense scientist, inaugurated the facility, called QinetiQ Labs, on Wednesday. QinetiQ Chief Executive Australia Sector Gary Stewart said the facility’s establishment aims to strengthen collaborations and advance...
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JSW of India to Invest in Manufacturing Facility for Shield AI’s VTOL Drone
JSW Defence, an Indian manufacturer of defense equipment, will invest around $90 million in the next two years to build a production facility for Shield AI’s vertical takeoff and landing drone, V-BAT, designed for reconnaissance, surveillance and intelligence missions. Shield AI entered into an agreement with JSW Defence to establish a global production hub in...
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Leidos, University of Edinburgh Collaborate to Explore AI-Enabled Technology Uses
U.S. defense company Leidos is collaborating with the University of Edinburgh’s Bayer Centre to explore artificial intelligence and data science solutions. The partnership combines Leidos’ Trusted Mission AI and other technologies with the center’s cutting-edge research to develop innovative, highly reliable AI-enabled solutions. It aims to train the next generation of the AI workforce, particularly...
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Pratt & Whitney, Air New Zealand Expand GTF Engine Repair Capability
RTX business Pratt & Whitney and Air New Zealand are expanding the Christchurch Engine Centre to improve the facility’s GTF engine maintenance, repair and overhaul capabilities. Pratt & Whitney President Shane Eddy and Air New Zealand Chair Therese Walsh attended a groundbreaking ceremony for the expansion project on Thursday, an event led by New Zealand Prime...
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Lockheed Martin, HENSOLDT to Develop Radar Systems for Maritime Use
Lockheed Martin has signed a memorandum of understanding with German sensor technology firm HENSOLDT to develop innovative solutions for maritime customers. Paul Lemmo, vice president and general manager for integrated warfare systems and sensors at Lockheed Martin, and HENSOLDT CEO Oliver Dorre signed the agreement on Thursday. The intended collaboration will center on maritime command...
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Canada Invests $57M in Ericsson’s 5G Development Project
The Canadian government is investing $56.8 million in a collaborative effort with communications tech firm Ericsson to develop 5G solutions and enhance the country’s telecommunications industry. According to Innovation, Science and Economic Development Canada, the investment, finalized by François-Philippe Champagne, minister of innovation, science and industry, will come from the Strategic Innovation Fund, which supports...