The United States government is awarding up to $6.4 billion in direct funding to Samsung. On Monday, U.S. Secretary of Commerce Gina Raimondo visited the company’s new semiconductor manufacturing facility in Taylor, Texas, where she announced the investment. “We’re saying for the first time ever, Samsung can conduct in the United States of America core...
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Category: Investment Security
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Kongsberg Defence & Aerospace Appoints Harald Kleven as Advanced Solutions VP for Defense Systems
Kongsberg Defence & Aerospace has named Harald Kleven as vice president of advanced solutions focused on defense systems. Kleven, who announced the appointment in a LinkedIn post, has served the company in various positions for over three decades. According to Tor Martin Myrhaug, who previously worked under Kleven’s leadership, the new Kongsberg advanced solutions VP...
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Anduril, HD Hyundai to Produce New Autonomous Naval Systems for Defense Customers
Anduril Industries has forged a strategic partnership with HD Hyundai Heavy Industries to deliver a new class of autonomous naval systems. The collaboration intends to rebuild the naval capabilities of the United States and South Korea and the two countries’ allies and partners, Anduril said. According to Anduril Chief Strategy Officer Christian Brose, the two...
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China Announces New Round of Sanctions on US Companies Over Arms Sales Deal With Taiwan
China has sanctioned U.S. companies General Atomics Aeronautical Systems Inc. and General Dynamics Land Systems over arms deals with Taiwan, which it considers a breakaway province. The economic action bans senior executives from both defense technology providers from entering China and freezes access to company assets in the country. General Dynamics operates Gulfstream and jet...
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Viasat Establishes Innovation Center of Excellence in London; Jason Smith Quoted
Viasat has opened its international business headquarters in London nearly a year after it acquired British satellite operator Inmarsat. The Innovation Centre of Excellence, which houses Viasat’s UK Network Operations Centre and Satellite Control Centre, focuses on technology innovation and scaling execution to improve satellite, network and cybersecurity services for global customers in maritime, aviation...
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Accenture Expands Business in Japan With Acquisition of System Integrator Climb
Accenture has announced a deal to acquire Climb, a Japanese company that provides system integration, IT infrastructure management and operations services. The acquisition will enable Accenture to use Climb’s expertise to support Japan-based companies’ digital transformation efforts and allow Climb’s local experts to strengthen Japan’s information communication technology sector, Accenture said. According to Atsushi Egawa,...
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Italy’s Fincantieri Prepares for Opportunities in Undersea Market Growth; Pierroberto Folgiero Quoted
Italian ship manufacturer Fincantieri is preparing for the anticipated growth of the undersea market over the coming years, according to company CEO Pierroberto Folgiero. In an interview with Breaking Defense, Folgiero predicted that the market would be worth up to $400 billion by 2030. “Underwater will be what was space 40 years ago,” the CEO...
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Rheinmetall Breaks Ground on $68M Hybrid Production Plant in Hungary; Christoph Mueller Quoted
Rheinmetall is investing $68 million in a new production facility in Szeged, Hungary. According to Christoph Mueller, CEO of Rheinmetall Power Systems, the site will expand the company’s presence in the country, noting that it already has operational plants in Budapest, Zalaegerszeg and Varpalota. “We are delighted to further expand our presence in Hungary, one...
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Shield AI Seeks Expanded Australian Presence With Acquisition of Sentient Vision Systems
U.S.-based defense technology company Shield AI is expanding its business in Australia with the acquisition of Sentient Vision Systems, a company that provides artificial intelligence-enabled imagery. On Thursday, Shield AI announced its “definitive agreement” with the Australian firm to “merge AI expertise and operational understanding to deliver superior intelligence surveillance and reconnaissance capabilities.” The two sides...
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CGI Lands $126M Contract to Advance UK Cabinet Office’s Digital Transformation Efforts
The United Kingdom has awarded CGI a $119 million contract to support the UK Cabinet Office’s digital transformation efforts. Under the five-year agreement, CGI will provide the U.K. government with data and technology services. According to Michael Hill, chief digital information officer for the Cabinet Office, the partnership will deliver capabilities to enable the office’s...