The United States continued to dominate the list of the world’s top 100 arms and military services companies, accounting for 51 percent of the sector’s $597 billion revenue in 2022. According to new data from the Stockholm International Peace Research Institute, the 42 U.S. defense companies on the list saw supply chain, labor shortage and...
Hello, Guest!
Category: Investment Security
Post
Poland Adds $2.6B Worth of K9 Self-Propelled Howitzers From Hanwha
Poland is acquiring over 150 more K9 Thunder self-propelled howitzers from South Korea. On Friday, Poland’s State Armament Agency said it signed a contract valued at $2.6 billion with South Korean defense company Hanwha Aerospace for the 155 mm artillery. The agreement includes six self-propelled K9 howitzers that Hanwha Defense is scheduled to deliver in 2025 and 146...
Post
Australia Developing Intel Cloud Interoperable With US, UK Spy Networks
Australia is working on a top secret intelligence cloud system that would be interoperable with the United States and the United Kingdom. According to Andrew Shearer, director general of the Office of National Intelligence, the upcoming cloud infrastructure would function with the spy networks operated by Australia’s AUKUS partners. At an event hosted by the...
Post
GM Defense, Jankel to Provide International Customers With Modern Mobility Platforms
GM Defense has partnered with United Kingdom-based Jankel to provide defense, government and civilian customers with enhanced mobility solutions. Under a memorandum of understanding signed by the two parties, GM and Jankel will modernize the mobility platforms of military customers in the United States, the U.K., Europe and select locations across the globe. According to...
Post
L3Harris Works With Voyis, Wavefront Systems to Deliver Enhanced AUV Capabilities
L3Harris Technologies has collaborated with Voyis Imaging and Wavefront Systems to enhance the capabilities of autonomous underwater vehicles that will be delivered to the naval forces of a NATO member state. Under the partnership, L3Harris integrated a combined payload of the Voyis Recon LS and the Wavefront Solstice 3000 multiple-aperture sonar into its Iver4 900...
Post
UK Strengthens Sanctions Enforcement Against Russia by Establishing New Office
The United Kingdom is establishing a government organization dedicated to monitoring and strengthening the enforcement of trade sanctions on Russia. Nusrat Ghani, industry and economic security minister, recently announced the creation of the Office of Trade Sanctions Implementation. The OTSI will be responsible for ensuring that companies in the U.K. are adhering to trade sanctions,...
Post
Jacobs Books Three-Year Contract to Support France’s Nuclear Power Reactor Development
Jacobs Solutions has received a contract to support a French startup project to develop an innovative nuclear power reactor. Under the three-year agreement, the U.S.-based company will deliver the necessary services to ensure that Naarea can safely advance its XAMR nuclear micro-generator technology. According to Jacobs, it will provide nuclear safety and engineering support for...
Post
Rheinmetall Secures $314M Contract From Hungary to Develop Next-Generation Tank
Rheinmetall will work with the government of Hungary to develop the next-generation tank, Panther KF51. The German arms and land systems manufacturer recently signed a development contract valued at $314.5 million in Zalaegerszeg, Hungary. “The Panther KF51 is the world’s most advanced main battle tank. It sets a new standard for the combat effectiveness of...
Post
New CAE Full Mission Training Center Opens for Sea Lion Helicopter Operations in Germany
CAE inaugurated a fully equipped training center for NH90 NTH Sea Lion pilots at Nordholz Naval Airbase in Lower Saxony, Germany, on Monday. According to CAE, the facility features several simulators, such as an operational flight trainer for pilots and co-pilots and two operational tactics trainers for the tactical coordinator and the rear crew. The...
Post
Xalles Advances Security Business With UK Defense Tech Firm Artemis Acquisition
Washington, D.C.-based fintech company Xalles Holdings has acquired U.K. firm Artemis Defense Technologies focused on unmanned systems and artificial intelligence solutions. It said Artemis is already operating as its fully integrated subsidiary and the first unit of the newly formed Xalles Security business group. According to Xalles, Artemis is geared to expand its U.S. footprint,...
