Virginia-based advisory and technical services company Systems Planning & Analysis has completed the acquisition of Australian consulting firm Proximity. Founded in 2011, Proximity offers a full spectrum of support services, with offices in Canberra, Sydney and Melbourne. The multidisciplinary consultancy’s clients include those from the government, industry, the financial services sector and nonprofit organizations. With...
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Nokia Receives EC Regulatory Approval for $2.3B Infinera Acquisition
Finnish telecommunications solutions provider Nokia has received approval from the European Commission for its $2.3 billion acquisition of Infinera, a U.S. manufacturer of open optical networking equipment. Once the deal is finalized, the combined entity will produce optical transport equipment and other related hardware. Nokia, which announced the acquisition deal in June 2024, believes the...
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CGI Closes Acquisition Deal for UK Tech Engineering Consultancy BJSS
Canadian IT and business consulting firm CGI has completed its acquisition of BJSS, a technology and engineering consultancy based in the United Kingdom. The move follows the signing of a share purchase agreement in January that formalized their commitment to the deal. The acquisition is part of CGI’s expansion to enhance its capabilities in artificial...
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Claude Castan to Head Cognizant’s Belcan Aerospace Hub in France
Aerospace and defense sector veteran Claude Castan is set to head Cognizant company Belcan’s new office in Toulouse, France. The new aerospace and defense hub was launched as part of an initiative to ensure the company can better support its global customers’ growing demand. Castan will lead a team that collaborates closely with Belcan’s global...
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Report: Europe Needs Major Military Boost to Defend Against Russia
Europe needs a significant military upgrade to defend itself against Russia, irrespective of U.S. involvement, according to a joint report by the European think tank Bruegel and the Kiel Institute for the World Economy. The report outlines that Europe’s immediate priority must be the continued support for Ukraine, whose military currently serves as the most...
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Canada Allocates $6M to Advance Quantum Tech Development
Canada is investing $5.7 million to advance quantum technology, National Revenue Minister Elisabeth Briere announced Thursday. The funding will be distributed through the Canada Economic Development for Quebec Regions’ Support for Regional Quantum Innovation initiative. The tech grants aim to support small and medium enterprises and nonprofit organizations in Sherbrooke, Quebec. The following organizations will...
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Northrop, Hanwha Partner to Support South Korea’s Mine Countermeasure Initiative
Northrop Grumman has signed a memorandum of understanding with South Korean conglomerate Hanwha to advance Seoul’s Mine Countermeasures Helicopter program. The deal continues the U.S. aerospace company’s long history of working with the country’s Defense Acquisition Program Administration. The deal with Hanwha follows the collaboration between Northrop and defense and aerospace communications company Genohco in...
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EU Mulls Easing Budget Rules to Boost Defense Spending
The European Commission is poised to act on proposals aimed at relaxing budget rules to enable European Union member states to boost defense spending, according to Executive Vice President Valdis Dombrovskis. Ahead of a meeting of EU finance ministers in Brussels, Dombrovskis emphasized that the EC plans to work on specific modalities in the coming...
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EDGE Business, Lockheed Martin to Explore Opportunities in the UAE
EPI, an EDGE business focused on advanced precision engineering solutions, has signed a letter of intent with Lockheed Martin to explore opportunities in several defense domains that would drive the United Arab Emirates industrial growth, national defense capabilities and self-sufficiency. The deal was formalized with government and business leaders in attendance, including Khaled Al Zaabi,...
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CAE Appoints New Chair, Board of Directors
Montreal-based aircraft simulation solutions provider CAE has named four new members to its board of directors: Calin Rovinescu, Peter Lee, Katherine A. Lehman and Louis Tetu. Rovinescu was nominated chair of the board, bringing years of experience as a corporate director, venture capital investor and senior adviser to several businesses. He succeeds Alan N. MacGibbon,...