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Category: Investment Security

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DOD Bares New List of Chinese Military-Linked Companies

The Pentagon has updated its list of Chinese military-linked businesses with either direct or indirect operations in the United States. The list is compiled in accordance with Section 1260H of the National Defense Authorization Act for Fiscal Year 2021. The Department of Defense said Wednesday that the provision’s continuing implementation is important to counter China’s...

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US Sanctions Egyptian, Turkish Nationals for Providing Cybersecurity Training, Funding for ISIS

The United States has sanctioned two Egyptian nationals for allegedly providing cybersecurity training to members of the Islamic State of Iraq and Syria and facilitating funding efforts in support of the terrorist organization.  In a press release, the Department of the Treasury’s Office of Foreign Assets Control named Mu’min Al-Mawji Mahmud Salim and Sarah Jamal Muhammad...

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US, South Korea to Advance Joint R&D Efforts on Quantum Technology

The United States and South Korea have agreed to expand their existing cooperation to advance research and development efforts on quantum computing. Officials from the U.S. National Institute of Standards and Technology and the Korea Research Institute of Standards and Science were in Boulder, Colorado, on Monday to sign a revised memorandum of understanding to...

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Rheinmetall Hungary Munitions Plant to Start IFV Ammo Production in 2024

Rheinmetall Hungary Munitions, a joint venture of the German automotive and arms manufacturer Rheinmetall and the Hungarian holding company N7, will begin manufacturing ammunition in 2024 at its new plant in Varpalota, Hungary, which is now in its second phase of construction. According to Rheinmetall, the plant’s completed first phase will produce 30 mm medium-caliber...

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Jacobs Names Andy White as Vice President, General Manager of International Nuclear Business

Andy White has assumed the role of vice president and general manager of energy, security and technology international at Jacobs.  In his new role, he will oversee the company’s nuclear business in the United Kingdom, continental Europe, South Africa, the Middle East and Japan.  “I am honored to take on this role at an exciting...

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US, UK Join Australia in Sanctioning Russia-Backed Medibank Hacker

The United States has joined Australia and the United Kingdom in imposing sanctions on Russian hacker Alexander Ermakov over his role in the ransomware attack against health care insurer Medibank.  In 2022, Ermakov infiltrated the Medibank network and stole personally identifiable and sensitive health information of approximately 9.7 million former and current customers.  The cyberactor...

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US Sanctions Iraqi Airline Over Alleged Ties to Militia Groups

The United States has sanctioned the Iraqi airline Fly Baghdad and its CEO Basheer Abdulkadhim Alwan al-Shabbani over its ties to the Islamic Revolutionary Guard Corps – Qods Force. According to a press release from the Department of the Treasury, the airliner has supported the IRGC-QF and proxy groups across the Middle East for years. ...

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QinetiQ Lands UK Contract to Enhance British Army Vehicles’ Protection Capabilities

QinetiQ said it has secured a contract from the U.K. Defence Science and Technology Laboratory to enhance the protection capabilities of the British Army’s land armored vehicles. The deal serves as Phase II of the Modular Integrated Protection System program, which aims to develop an active protection system for British tanks and armored personnel carriers...

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UK Advances DragonFire Laser-Directed Weapon Development

The development of the United Kingdom’s DragonFire laser-directed energy weapon advanced another step with the prototype’s first high-power firing against aerial targets completed at the Ministry of Defence’s Hebrides Range in Scotland. The U.K. Defence Science and Technology Laboratory with the DragonFire partners, composed of MBDA, Leonardo and QinetiQ, conducted the trial following earlier tests...

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Leonardo, BAE Engineers Conduct More Integration Work on Typhoon-Bound Radar System

Leonardo DRS and BAE Systems engineers have installed a prototype of the European Common Radar System Mark 2 radar on a test aircraft ahead of the system’s test flight on the Eurofighter Typhoon. The ECRS Mk2’s multifunctional array will enable the Typhoon to detect, identify and track multiple air and ground targets and engage in...

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