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Category: Investment Security

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Foreign Military Sales of Joint Light Tactical Vehicles Increase in 2024, US Army Official Says

The U.S. military is seeing increasing demand for the Joint Light Tactical Vehicle from defense customers around the world, according to an official.  Munira Tourner, product manager for systems integration at the U.S. Army’s Joint Program Office for Joint Light Tactical Vehicles, said her team is “knee deep” in facilitating JLTV foreign military sales.  The...

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US Sanctions Greece-Based Intellexa Consortium Members Over Predator Spyware

The United States has imposed sanctions over the Predator spyware used to target journalists and government officials.  On Tuesday, the Department of the Treasury’s Office of Foreign Assets announced that two individuals and five entities associated with Intellexa Consortium, a Greece-based software vendor known for selling spyware and surveillance tools. Predator is a suite of...

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GM Defense’s Infantry Squad Vehicle Participates in UAE Summer Trials

General Motors subsidiary GM Defense said its Infantry Squad Vehicle has completed the eight-day 2023 UAE Armed Forces Summer Trials in the United Arab Emirates. Hosted by the UAE General Maintenance Corps, the event put the off-road vehicle under various trial phases, including operating with maximum payload capacities in extreme heat and diverse terrain and...

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European Commission Unveils Defense Industrial Strategy With $1.6B Seed Program

The European Commission has recently introduced the European Union’s first-ever European Defence Industrial Strategy. The proposal suggests creating a regulatory European Defence Industry Programme that would activate a budget of $1.6 billion from the EU. The allocation is planned for 2025-2027, and it aims to continue enhancing the competitiveness of the defense technological and industrial...

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Fortinet to Offer Free Cyber Training Through European Commission Academy

Fortinet will support the European Commission’s goal to close the cybersecurity skills gap with free cybersecurity training. The Fortinet Network Security Expert Certification program will be offered to up to 75,000 people in Europe through the EC’s Cybersecurity Skills Academy over the next three years. Fortinet said the program will increase access to cybersecurity awareness...

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US, Moldova Sign Deal to Bolster Cyber, Information Security Collaboration

The United States has signed an agreement with Moldova to strengthen the two countries’ partnership in cyber defense and information security. Under a memorandum of understanding between the U.S. nonprofit Civilian Research and Development Foundation and Moldova’s Ministry of Energy, the two parties will step up their cybersecurity standards and promote the development and implementation...

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Oracle to Expand Japanese Cloud Business With Planned $8B Investment; Toshimitsu Misawa Quoted

Oracle Corp. is spending more than $8 billion to expand its cloud business in Japan. The planned investment, to play out over the next 10 years, will grow Oracle Cloud Infrastructure’s footprint across the country. Central to the plan is the company’s target of increasing its Japan-based personnel to provide customers with operations and engineering...

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Capgemini to Help Norwegian Public Roads Administration Develop Digital Transport Systems; Atle Bergfjord Quoted

Capgemini has signed a deal to support the Norwegian Public Roads Administration’s mission of improving Norway’s traffic flow and providing a reliable service to the public. Under the four-year agreement, Capgemini will enable NPRA’s digital transformation efforts, helping the agency to become more data-centric. The two entities will work closely to develop digital systems that...

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Lockheed Partners With Singaporean Agency for Enhanced F-16 Maintenance Support

Lockheed Martin and Singapore’s Defence Science and Technology Agency have agreed to create a new data pipeline infrastructure to enable smarter maintenance support for the Singapore Air Force’s F-16 fleet. The infrastructure will use digital technologies allowing both parties to exchange fleet and supply chain datasets and improve data analytics. Lockheed and DSTA expect the...

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Leonardo, Bell Team Up on Next-Generation Rotorcraft Concept Study Proposal

Bell Textron has agreed to support Leonardo in developing a next-generation rotorcraft concept study proposal for NATO.  In a press release, Leonardo said it signed a memorandum of understanding with Bell to study in which areas they can create opportunities to collaborate on tiltrotor technology. Lisa Atherton, president and CEO at Bell, said the companies...

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