South Korea and Saudi Arabia have agreed to advance their defense cooperation, focusing on weapons development and production. The two sides finalized a memorandum of understanding during South Korean Minister of National Defense Shin Won-sik’s visit to Riyadh for the World Defense Show. He met with Saudi Arabian Minister of Defense Khalid bin Salman Al...
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Category: Investment Security
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Business Growth Program Opens Government Support for Comtech in Canada
New York-based Comtech Telecommunications has announced its subsidiary’s entry into Canada’s Accelerated Growth Service program, where qualified businesses can secure financing and export assistance from the government. Innovation, Science and Economic Development Canada selected Comtech Canada to join the program for high-growth companies, Comtech said. AGS also provides Comtech Canada with access to a team...
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Jacobs To Support Ireland’s Sustainable Transportation Development
Engineering services company Jacobs has secured a new contract from Ireland’s National Transport Authority to guide its development of accessible and sustainable transportation infrastructure across the country. Under the contract, Jacobs will advise the NTA and support local transport, urban centers and other area-based projects. It will also be involved in policy creation and other general...
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Lockheed Martin Explores Partnerships in Sweden’s Aerospace Industry
Lockheed Martin and tactical IT company MilDef Group of Helsingborg, Sweden, have agreed to explore an industrial partnership and boost Swedish aerospace capability. The U.S. defense contractor said the two companies signed a memorandum of understanding to identify new collaborative opportunities as it offers its C-130J-30 Super Hercules for consideration to the Swedish Air Force....
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UK Bares $57M Stimulus for Quantum Computing Development
The British government has created the Quantum Catalyst Fund with a total of $56.8 million allocation to develop the U.K. quantum computing industry and tap the sector’s contribution toward the country’s transformation into a quantum-enabled economy by 2033. The Department for Science, Innovation and Technology said the funding opportunities include projects on quantum tech-based brain...
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Saudi Arabia To Manufacture Parts of Lockheed THAAD Weapon System
Lockheed Martin has awarded subcontracts to two Saudi Arabian companies to manufacture Terminal High Altitude Area Defense anti-ballistic missile system parts. Middle East Propulsion Company of Riyadh and Arabian International Company, based in Jeddah, will build interceptor canisters and missile round pallets for the THAAD weapon system. “There are currently only two production lines for these...
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Leonardo Working With Saudi Arabia to Develop New Aerospace, Defense Technologies
Leonardo DRS said it will collaborate with Saudi Arabia to develop new aerospace and defense capabilities. The Italian company announced the partnership at the World Defence Show in Riyadh on Sunday. Under a memorandum of understanding signed by the two parties, the partnership will explore investment and collaboration opportunities in the kingdom’s supply chain and...
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L3Harris, Edge Open Abu Dhabi Service Center for Wescam MX Sensor
L3Harris Technologies said it has opened a new Wescam Authorized Service Center in Abu Dhabi in collaboration with the United Arab Emirates technology company Edge Group. The center will support users of the company’s Wescam MX reconnaissance, surveillance and target acquisition sensor system, such as the United Arab Emirates Armed Forces and other military units...
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Saab, MBDA Collaborate to Develop Advanced Anti-Tank, Air Defense Capabilities
Saab and MBDA have signed letters of intent to strengthen their collaboration in advancing anti-tank and air defense capabilities. The companies finalized the agreement on Wednesday to support a new strategic partnership that France and Sweden sealed the day before as part of French President Emmanuel Macron’s state visit to Sweden. The two countries identified...
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Westinghouse, Bechtel Gain Support for Nuclear Reactor Projects in Czechia
Westinghouse Electric and Bechtel will tap the Czech Republic’s nuclear industry capabilities to pursue their proposal to supply the Balkan country with up to four nuclear reactors. The American companies will draw support from the local industry base via an agreement signed with the Czech Power Industry Alliance in Washington on Wednesday, Westinghouse said. The CPIA,...