Lithuania’s Minister of National Defence Laurynas Kasciunas has invited American defense companies to invest in his country. During a recent meeting with William LaPlante, U.S. undersecretary of defense for acquisition and sustainment, Kasciunas mentioned Rheinmetall’s plan to build an ammunition factory in Lithuania and added that he hopes other defense companies will follow suit. “We...
Hello, Guest!
Category: Investment Security
Post
Accenture Closes Deal to Acquire Japan-Based System Integrator Climb
Accenture has completed its acquisition of Climb, a Japanese company that provides system integration and IT infrastructure management services to global organizations. With the completion of the deal, Accenture absorbed 230 personnel, the majority of whom are engineers trained in cloud and security technologies and application management services. The company said Climb’s core capabilities will...
Post
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...
Post
IBM Investing $137M to Expand Chip Packaging Capacity in Canada; Dario Gil Quoted
IBM has signed agreements with the Canadian and Quebec governments to expand its chip packaging capacity in Canada. The tech company said the deals represent a total investment of $137 million in the country’s semiconductor industry. According to Dario Gil, senior vice president and research director at IBM, the partnership intends to build a stronger...
Post
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...
Post
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...
Post
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...
Post
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...
Post
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...
Post
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...