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Category: Investment Security

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Lockheed Partners With Singaporean Agency for Enhanced F-16 Maintenance Support

Lockheed Martin and Singapore’s Defence Science and Technology Agency have agreed to create a new data pipeline infrastructure to enable smarter maintenance support for the Singapore Air Force’s F-16 fleet. The infrastructure will use digital technologies allowing both parties to exchange fleet and supply chain datasets and improve data analytics. Lockheed and DSTA expect the...

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Denmark Set to Upgrade CV90 Army Vehicles to Impove Operability

The Danish Ministry of Defence Acquisition and Logistics Organisation and BAE Systems have entered a framework agreement for the repair and maintenance of the Danish Army’s 44 CV90s to upgrade the infantry fighting vehicles’ operability. BAE Systems said the services, worth about $400 million, cover 15 years and include the supply of spare parts. Sweden-based...

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Leonardo to Collaborate With Singapore on Naval Technology Development

Leonardo has partnered with Singapore to explore further deployment of the Italian contractor’s naval gun and underwater technologies in the island nation.  Leonardo’s website lists the76SR guns and Hitrole remote weapon stations among the company’s naval systems in the Singapore Navy service. It notes that the company has been partnering with the Singapore Armed Forces...

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Iveda Secures Third Supply Contract With Taiwanese Government Customer

An unnamed Taiwanese government agency has signed a contract for the supply of artificial intelligence-powered technology from Iveda, its third deal with the Mesa, Arizona-based cloud-based AI company in recent years. In its announcement on Monday, the company said the deal is worth $3.2 million and follows two orders for different technology applications, which were...

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US, Ukrainian Companies Unveil Accelerator Project to Support Defense Tech Startups

A group of companies based in Ukraine and the United States has launched Mits, an international accelerator project to support defense technology startups in Ukraine. According to Mits Capital, the initiative will link small tech companies with international partners to help them develop defense capabilities for immediate use by the Ukrainian military. Unveiled in Kyiv...

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UK Government Pledges $311M to Boost Ukraine’s Artillery Reserves

The United Kingdom has pledged about $310.6 million to strengthen its artillery supply chains in support of Ukraine.  The U.K. Ministry of Defence said the new funding will be spent over the coming months to boost Kyiv’s artillery ammunition reserves. The funding package was announced to mark the second anniversary of Russia’s full-scale invasion of Ukraine...

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QinetiQ, UK Issue Open Source AI Tool to Accelerate Development Process

QinetiQ and the U.K Defence Science and Technology Laboratory have released an artificial intelligence tool as open source software to speed up its evolution. Giving the public access to Primary-level AI Training Environment, created under Dstl’s Autonomous Resilient Cyber Defence program, will allow the general developer community to participate in tweaking the software, QinetiQ said....

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Eric Freeman Takes Helm at Leidos UK and Europe

Science and technology company Leidos has announced the promotion of Eric Freeman to CEO for its operations in the United Kingdom and Europe. Formerly chief operating officer at Leidos UK and Europe, Freeman replaces Simon Fovargue, who retired at the end of 2023. Freeman’s new roles include managing Leidos UK’s internal organization and the operations...

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Rheinmetall to Produce Ammunition for Ukraine Under New Joint Venture

A Ukrainian company has signed a memorandum of agreement with German arms manufacturer Rheinmetall to establish a joint venture that will produce and supply ammunition to Ukraine. Called Ukrainian Competence Center for Ammunition, the new company will manufacture a six-digit number of 155 mm caliber bullets annually in an artillery ammunition plant Rheinmetall will build...

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Spire Global to Provide Data Support for EMSA’s Global Ship Tracking Mission

Spire Global has received two contracts from the European Maritime Safety Agency to provide satellite automatic identification system data services for ship tracking operations. Worth a total of $9.1 million, the agreements will run for four years and include the delivery of real-time and high-density backup SAT-AIS. According to John Lusk, general manager of maritime...

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