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...
Hello, Guest!
Category: Investment Security
Post
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...
Post
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...
Post
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...
Post
Leidos Names Simon Hutchings as UK-Europe Logistics Managing Director
Reston, Virginia-based tech innovation company Leidos has appointed Simon Hutchings as vice president of its Logistics & Mission Support Division in the United Kingdom and Europe. Before his appointment, Hutchings served as Leidos UK’s director for strategy. Leidos said Hutchings, a retired British Army major general, takes the role of managing director for the Logistics...
Post
Bechtel Partners With Polish University to Shape Nuclear Power Workforce
Bechtel and Warsaw University of Technology have agreed to cooperate in developing a curriculum for students and professionals interested in joining Poland’s nuclear power workforce. The Polish government announced its plan to build its first nuclear power plant in Pomerania in November 2022. Bechtel, together with Westinghouse Electric and Polish utility Polskie Elektrownie Jadrowe, was...
Post
Nokia, STL to Develop Advanced Connectivity Solutions for Enterprise Customers
Nokia will work with India’s Sterlite Technologies Ltd to develop and deploy advanced enterprise connectivity solutions. According to Vinish Bawa, head of enterprise and webscale business in India at Nokia, the collaborative effort will redefine enterprise connectivity in India. “This partnership with STL is aligned with our commitment to accelerate digital transformation across industries and...
Post
Saab Breaks Ground on New Carl-Gustaf Factory in India
Saab has conducted a groundbreaking ceremony on a manufacturing facility in India that will produce the Carl-Gustaf M4 multi-rocket shoulder-launched weapon for the Indian Armed Forces. The facility will feature the latest sighting technology and advanced carbon fiber winding, Saab said. The company will use materials from Indian suppliers in manufacturing the weapons in support...
Post
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...
Post
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...