The Defence Industries Agency, a component of the Italian Ministry of Defence that supplies military equipment to the Italian Armed Forces, has partnered with Leonardo to develop conventional 155 mm artillery ammunition over 18 months. Leonardo said the collaboration, with options to extend further, aims to improve the operational capabilities of the Italian Armed Forces...
Hello, Guest!
Category: Investment Security
Post
IBM Buys SiXworks for $150M to Grow UK Public Sector Business
IBM expanded its market presence in the public sector with its acquisition of U.K. defense consultancy company SiXworks. The multinational technology firm said in a blog post on Tuesday that SiXworks’ digital, cyber and defense cloud capabilities complement its existing U.K. offerings on cybersecurity, data and artificial intelligence. IBM purchased SiXworks from London-based private equity...
Post
Northrop Grumman, Mitsubishi Electric Extend Collaboration With Mission Solutions MOU; Kenn Todorov Quoted
Northrop Grumman and Mitsubishi Electric are planning to jointly pursue industrial co-production opportunities for various strategic mission solutions in the United States and Japan. The cooperation, provided in a memorandum of understanding that Northrop announced on Wednesday, extends to partnership in logistics and sustainment of key military capabilities such as electronic warfare, radar, underwater sensors and...
Post
Leonardo-Rheinmetall MOU Eyes Armored Vehicle Manufacturing for European Market; Armin Papperger Quoted
German arms manufacturer Rheinmetall and Italian defense company Leonardo are planning a 50:50 partnership in Italy to develop and commercialize armored vehicles for the European market. The plan, outlined in a memorandum of understanding that the two companies signed on Wednesday, focuses on the Italian Army’s ground systems programs on a new main battle tank...
Post
Airbus Working to Acquire Specific Spirit AeroSystems’ Aircraft Parts Production Activities
Airbus has announced an agreement with Spirit AeroSystems to acquire some of the latter’s operations, particularly the manufacture of key aircraft components. The “definitive agreement” could lead to the purchase of Spirit’s specific activities, including the production sites for A350 fuselage sections and A220 pylons in the United States, Airbus said. The ongoing transaction would also...
Post
Senator Cosponsors Bill to Address Conflict of Interest in Government Contracting
The chair of the Senate Homeland Security and Governmental Affairs Committee has thrown his support behind the passage of a bill that would bar companies working with adversarial nations from doing business with the U.S. government. Sen. Gary Peters, D-Mich., cosponsored the Time to Choose Act, which aims to prevent U.S. enemies such as Russia...
Post
Spain, Luxembourg Join NATO Project to Provide Alliance With Satcom Support
Spain and Luxembourg will join the United States, the United Kingdom, France and Italy in a collaborative effort to provide NATO with satellite communications services. Starting in 2025, Madrid and Luxembourg will start working on the NATO Satcom Services 6th Generation project, a $1.07 billion program designed to meet the alliance’s military satcom requirements through...
Post
Former US Secnav Richard Spencer to Replace John Rothwell as Austal Chairman
Richard Spencer, former U.S. secretary of the Navy, has been selected to replace John Rothwell as chairman of Perth, Australia-based Austal. Rothwell will step down on Monday after nearly four decades in the role. As Austal’s new chair, Spencer said he will build on Rothwell’s yearslong work, which enabled the company to achieve its current...
Post
Safran, MTU to Develop New Engine for Europe’s Future Military Helicopter
France’s Safran Helicopter Engines said it has established a joint venture with German manufacturer MTU Aero Engines to develop an engine for the next generation of European military helicopters. Called European Military Rotorcraft Engine Alliance, or EURA, the joint venture will operate from France and will be managed by a CEO to be selected from...
Post
Tiziana Cotugno to Lead L3Harris Europe as Company’s Regional Expansion Advances; Dave Johnson Quoted
L3Harris Technologies has announced the appointment of Tiziana Cotugno as head of L3Harris Europe. She will be based in Rome to oversee the L3Harris European advisory board composed of directors and regional business leaders. The company announced the opening of the new L3Harris office in the Italian capital as part of its European expansion to...