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Category: Investment Security

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GE Aerospace Unveils Istanbul Tech Center to Support Global, Regional Customers

GE Aerospace has unveiled a Turkey Technology Center in İstanbul to support its global and regional customers. The company said the new campus in Kartal district will house 400 skilled technicians, enhancing its engineering, innovation, research and manufacturing capabilities in Turkey and helping advance the West Asian country’s defense programs. GE Aerospace established a TTC...

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Rheinmetall, Lockheed to Develop New Capabilities for European Military Forces; Armin Papperger, Dennis Goege Quoted

Rheinmetall will co-develop advanced systems with Lockheed Martin for rocket artillery, laser weapons, simulation and training for land vehicles and helicopters, and short-range air defense. Under a memorandum of understanding signed in Berlin, the two companies will produce new capabilities for land, air and naval forces. Rheinmetall CEO Armin Papperger said the strategic partnership will provide...

Zahra Bahrololoumi, U.K. and Ireland CEO, Salesforce
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Salesforce’s New UK Center to Promote Collaboration on Harnessing AI; Zahra Bahrololoumi Quoted

Salesforce has established its first artificial intelligence center in London. According to Zahra Bahrololoumi, U.K. and Ireland CEO at Salesforce, the company chose London to emphasize its commitment to working closely with its partners and customers in a fast-growing region for AI.  “AI has the potential to drive major growth for U.K. businesses, with the...

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Airbus, Helsing to Develop AI Tech for Pairing Manned, Unmanned Aircraft; Mike Schoellhorn Quoted

Airbus Defence and Space will partner with Helsing to develop artificial intelligence technologies for the Wingman platform, an unmanned fighter-type aircraft being developed for Germany. The two companies, which announced the agreement at the Berlin Air Show on Wednesday, will use advanced AI capabilities to pair manned and unmanned military aircraft. Under the deal, Airbus...

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Boeing Unveils Three Polish Engineering Sites to Support European Programs

Boeing has opened new engineering sites in Poland to support its commercial and defense programs in Europe. The company’s center of engineering activities in the European country is in Rzeszow, which will provide mechanical and electrical engineering services and customer support. The Gdansk site, on the other hand, will develop advanced technologies for Boeing aircraft....

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Intel Partners With Equity Firm Apollo in Irish Chip Plant; David Zinsner Quoted

Intel and New York-based private equity firm Apollo Global Management have entered a co-investment program to fund the chipmaker’s silicon wafer manufacturing plant in Ireland. According to the companies’ statement, Apollo-managed funds and affiliates will invest $11 billion to acquire 49 percent of the Irish plant’s equity, with Intel holding the 51 percent controlling interest...

Rheinmetall to Build Ammunition Plant in Lithuania With Potential New Incentives; Ausrine Armonaite Quoted
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Rheinmetall to Build Ammunition Plant in Lithuania With Potential New Incentives; Ausrine Armonaite Quoted

Germany-based defense company Rheinmetall has signed a memorandum of understanding to build an ammunition plant in Lithuania. The Baltic country has declared the project of state importance and is receiving new incentives from the Lithuanian Ministry of the Economy and Innovation, led by Minister Ausrine Armonaite. The planned incentives include legal amendments to simplify site...

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IBM, Rapidus Extend Semiconductor Partnership to Chiplet Packaging Tech; Dario Gil Quoted

Japanese semiconductor company Rapidus and multinational technology firm IBM are expanding their partnership on developing lower-cost, high-performing 2-nanometer semiconductors to include packaging technology for the chiplets. The companies said their expanded collaboration calls for IBM to provide packaging technology to Rapidus for joint efforts on further innovation. The initial partnership agreement, announced in December 2022, calls...

Space Engine Systems Wins Spot in $1.27B Program to Develop UK’s Hypersonic Capabilities
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Space Engine Systems Wins Spot in $1.27B Program to Develop UK’s Hypersonic Capabilities

Space Engine Systems has secured a spot in a $1.27 billion program designed to develop the United Kingdom’s first hypersonic missile. Following its selection, the Edmonton-based aerospace company will be eligible to compete for contracts under Defence Equipment & Support’s Hypersonic Technologies and Capability Development Framework agreement. The framework will accelerate the development of the...

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Starlab Space Joint Venture Expands to Include Canada’s MDA Space; Mike Greenley Quoted

Ontario-based technology solutions provider MDA Space has joined Airbus, Voyager Space and Mitsubishi as partner and owner of Starlab Space, a joint venture for the development of a NASA-funded commercial space station. The partnership with MDA and its leadership in the space robotics industry will be pivotal for Starlab, Airbus said in a statement Wednesday....

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