BAE Systems is looking to expand Armored Multi-Purpose Vehicle production capabilities as it expects new orders from the United States and potential new customers. At Eurosatory 2024 in June, William “Bill” Sheehy, program director for AMPV at BAE Systems, told reporters that the company already plans to produce 220 AMPVs at its York factory annually....
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Category: Investment Security
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US, Canada Host Joint Exercise on Supply Chain Disruption Management
The United States and Canada showed commitment to ensuring seamless movement of goods along their borders with the staging of an exercise on supply chain disruption. Held in early June and hosted by the Department of Homeland Security’s Supply Chain and Resilience Center, the Department of Transportation and Transport Canada, the joint drill featured a...
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Leonardo’s Southern Italy Facility to Pause Boeing 787 Production, Begin AW609 Tiltrotor Assembly
Leonardo has selected the site for the final assembly of its AW609 tiltrotor aircraft in Italy. On Monday, the company met with trade union representatives to share the next steps in its Grottaglie production site diversification plan. The Grottaglie plant located near Taranto, Puglia, in southern Italy was originally built for the production of Boeing...
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Thales Seeks Further Growth in UAE With Another Edge Group Partnership; Christophe Salomon Quoted
Thales and Katim, an entity under Edge Group, have signed a letter of intent to explore the possibility of jointly developing software-defined radio technologies in the United Arab Emirates. Under the agreement, signed during the recent Eurosatory defense and security show in Paris, Thales and Katim will collaborate on the development, manufacturing and maintenance of...
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Safran Bids to Purchase Preligens to Boost AI Capabilities; Olivier Andries Quoted
Safran is negotiating to fully acquire Preligens, a geospatial company focused on artificial intelligence for defense and aerospace, for $236.2 million. Established in 2016, the Paris-based Preligens generated $30 million in sales in 2023. The company has about 220 employees, with 140 engineers assigned to research and development. Its product portfolio delivers high-end imagery, video...
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Treasury Seeking Comments on Proposal to Prohibit Tech-Related Deals in Countries of Concern
The Department of the Treasury is soliciting comments on its proposed regulations addressing potential national security issues posed by U.S. investments in locations deemed countries of concern under an executive order on national security technologies and products. The Treasury issued a notice of proposed rulemaking in compliance with Executive Order 14105, under which the department...
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Northrop Grumman Delivers Space Norway’s Arctic Region Broadband Satellites to California Ahead of Launch; Brandon White Quoted
Northrop Grumman’s satellites for Space Norway’s Arctic Satellite Broadband Mission have arrived in California. ASBM-1 and ASBM-2 were built at the Northop facilities in Dulles, Virginia, and will lift off atop a SpaceX Falcon 9 rocket from Vanderberg Space Force Base. Northrop Grumman and state-owned company Space Norway are yet to announce a specific launch...
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Oracle Seeks Larger Spanish Footprint With $1B Planned Cloud Investment; Albert Triola Quoted
Oracle has announced plans to spend over $1 billion in Spain over the next 10 years to establish a third cloud region in Madrid and provide technical support for developing Spanish skills in artificial intelligence. In its investment plan statement, Oracle said Telefonica España will be the host partner for the new area. The upcoming...
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Iridium Partners Authorized to Sell STL Service in Europe, Asia; Matt Desch Quoted
Iridium has authorized its partners to offer the company’s alternative positioning, timing and navigation service to customers in Europe and Asia Pacific, in addition to those in North America. The Iridium Satellite Time and Location service, designed to deliver precise timing information resilient to global navigation satellite system outages, was launched in April after the...
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Rocket Lab Marks 50th Electron Mission With Kineis Nanosatellite Launch
Rocket Lab has launched the Electron rocket for the 50th time. The reusable orbital-class rocket lifted off from the Rocket Lab Launch Complex 1 in Mahia, New Zealand, on June 21 at 6:13 a.m., local time. The mission, dubbed No Time Toulouse, deployed five satellites to a 635-kilometer circular orbit for French internet of things...