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Category: Investment Security

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New UK Defense Investment Area Focuses on Capability Testing, Evaluation Methods

The United Kingdom’s Defence and Security Accelerator is seeking proposals on test and evaluation methods to help ensure the safety and value of deployed British defense and security capabilities. DASA said the project values for bids on its new Investment Focus Area, dubbed Unlocking the True Potential of Test and Evaluation for Defence, range from...

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Saab Seals Swedish Government Deal to Advance Development of Gripen Fighter; Lars Tossman Quoted

Saab will continue working with the Swedish government to further develop the Gripen aircraft for the country’s military needs. The aerospace company secured a $49.8 million order from the Swedish Defence Materiel Administration to advance the platform’s capabilities. The agreement will benefit both the Swedish Armed Forces and international users of the fighter jet, Saab...

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Autonomous Australian Navy Patrol Boat Concept Advances With Austal’s Sentinel Test Completion

Australia-based global shipbuilder Austal has announced the completion of seaworthiness tests of a remotely and autonomously operated vessel in collaboration with the Royal Australian Navy’s Warfare Innovation Navy branch. Other partners in the project, funded by the Australian government, include Greenroom Robotics and Trusted Autonomous Systems. The project, dubbed the Patrol Boat Autonomy Trial, utilized...

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BWXT Investing $58M to Expand Nuclear Manufacturing Plant in Canada; John MacQuarrie Quoted

BWX Technologies has announced an investment of $58 million to expand its Cambridge nuclear manufacturing plant in Ontario, Canada. The company said it will spend $36.5 million to increase the existing facility’s footprint by 25 percent and $21.9 million will be used to procure advanced manufacturing equipment over the coming years. The expansion project will...

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US Expands Export Controls of Technologies to Russia, Iran Following Air Attack on Israel

The United States is expanding its list of items that require a license to be exported to Iran and Russia.  On Monday, the Bureau of Industry and Security amended the Export Administration Regulations and added new items to the foreign direct product rules governing the two adversarial nations. FDP rules control the export of materials...

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Leonardo to Collaborate With Singapore on Naval Technology Development

Leonardo has partnered with Singapore to explore further deployment of the Italian contractor’s naval gun and underwater technologies in the island nation.  Leonardo’s website lists the76SR guns and Hitrole remote weapon stations among the company’s naval systems in the Singapore Navy service. It notes that the company has been partnering with the Singapore Armed Forces...

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Iveda Secures Third Supply Contract With Taiwanese Government Customer

An unnamed Taiwanese government agency has signed a contract for the supply of artificial intelligence-powered technology from Iveda, its third deal with the Mesa, Arizona-based cloud-based AI company in recent years. In its announcement on Monday, the company said the deal is worth $3.2 million and follows two orders for different technology applications, which were...

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UK Government Pledges $311M to Boost Ukraine’s Artillery Reserves

The United Kingdom has pledged about $310.6 million to strengthen its artillery supply chains in support of Ukraine.  The U.K. Ministry of Defence said the new funding will be spent over the coming months to boost Kyiv’s artillery ammunition reserves. The funding package was announced to mark the second anniversary of Russia’s full-scale invasion of Ukraine...

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US, Ukrainian Companies Unveil Accelerator Project to Support Defense Tech Startups

A group of companies based in Ukraine and the United States has launched Mits, an international accelerator project to support defense technology startups in Ukraine. According to Mits Capital, the initiative will link small tech companies with international partners to help them develop defense capabilities for immediate use by the Ukrainian military. Unveiled in Kyiv...

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Denmark Set to Upgrade CV90 Army Vehicles to Impove Operability

The Danish Ministry of Defence Acquisition and Logistics Organisation and BAE Systems have entered a framework agreement for the repair and maintenance of the Danish Army’s 44 CV90s to upgrade the infantry fighting vehicles’ operability. BAE Systems said the services, worth about $400 million, cover 15 years and include the supply of spare parts. Sweden-based...

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