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Category: Investment Security

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Inspector General Presses Pentagon on Sustainment Plan for US Weapons in Ukraine

The Office of Inspector General within the Department of Defense has urged the agency to implement a sustainment plan for each of the weapon and air defense systems it provided to Ukraine.  In support of Ukraine’s fight against Russian attacks, the United States has supplied the European country with Bradley, Stryker and Abrams armored weapon...

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General Atomics Forges New Partnerships, Invests in Japan’s Nuclear Energy and Rare Earth Elements Sectors

General Atomics is expanding its presence in Japan through new partnerships, announcing new investments in the nuclear energy and rare earth elements sectors.  According to Vivek Lall, chief executive at General Atomics, the California-based company has a “series of strategic engagements with government officials, industry leaders and research institutions in Japan” to develop critical and...

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Airbus to Coordinate Four European Defence Fund R&D Projects

Airbus has been tasked to manage four research and development projects under the European Defense Fund’s 41 initiatives designed to contribute to the European Union’s strategic autonomy and strengthen the region’s defense technologies and industrial base. The European Commission finalized 37 EDF grant agreements in December and signed four strategic defense R&D contribution agreements with...

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Lockheed, Rhea Group to Develop Secure Control System for Future UK Military Satellites

The U.K. Ministry of Defence’s Defence Equipment and Support has awarded Lockheed Martin and Rhea Group $5 million contracts to provide a secure control system for the United Kingdom’s military satellites. The selected companies awarded under the MoD’s Project Beroe will help develop a software solution to capture and process onboard system data for satellite...

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IonQ Advances Commitment to Develop South Korea’s Quantum Computing Technology

College Park, Maryland-based quantum computing company IonQ has renewed its partnership with South Korea’s Sungkyunkwan University to help grow South Korean quantum technology capabilities. IonQ said that under the tie-up, researchers and academics will continue to have access to IonQ’s trapped-ion quantum systems through SKKU’s Q Center in Seoul. IonQ President and CEO Peter Chapman...

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Rheinmetall Breaks Ground on New $321M Ammunition Factory in Northern Germany

Duesseldorf-based arms manufacturing company Rheinmetall broke ground on a new ammunition factory in Lower Saxony, northern Germany, on Monday in a bid to boost the country’s self-reliance in producing ammunition. The dignitaries who attended the groundbreaking ceremony included German Chancellor Olaf Scholz, Danish Prime Minister Mette Frederiksen and German Defence Minister Boris Pistorius. The company...

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Airbus Secures Regulatory Clearance to Produce C295 Parts, Assemblies in India

Airbus Defence and Space has secured regulatory approval from New Delhi to manufacture C295 aircraft parts and subassemblies in India. The work will see Airbus collaborate with Tata Advanced Systems Ltd to locally produce the aircraft components. Jorge Tamarit Degenhardt, vice president of the C295 India Program at Airbus, said the certification awarded by India’s...

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QinetiQ-Led Engineering Partnership To Support British Royal Navy

The U.K. Ministry of Defence’s Defence Equipment and Support has awarded a $16.4 million contract to a collaborative effort between QinetiQ, AtkinsRealis and BMT to provide operational support and services to the British Royal Navy. Under the four-year agreement, the Aurora Engineering Delivery Partnership will perform engineering services to ensure that the naval warfare force’s...

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NorthStar Earth & Space To Support Saudi Space Industry Development

Montreal-based information services company NorthStar Earth & Space will support the expansion of space situational awareness capabilities to the Middle East under an agreement it signed with the Saudi Space Agency at the first Space Debris Conference in Riyadh. The agreement, which NorthStar announced on Monday, also focuses on improving space object tracking and growing...

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UK MoD Invests $2.6B Annually to Support Scotland’s Defense Sector

The U.K. Ministry of Defence spends around $2.6 billion each year to improve Scotland’s defense industry, according to official government data. For each person in Scotland, the MoD spends an average of $480, which has remained consistent in recent years. The statistics also indicate that the Defence Ministry’s investment in Edinburg directly supports 12,200 jobs...

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