Washington, D.C.-based fintech company Xalles Holdings has acquired U.K. firm Artemis Defense Technologies focused on unmanned systems and artificial intelligence solutions. It said Artemis is already operating as its fully integrated subsidiary and the first unit of the newly formed Xalles Security business group. According to Xalles, Artemis is geared to expand its U.S. footprint,...
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Category: Investment Security
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Intel Wins $3.2B Incentives for $25B Israeli Chip Factory
The Israeli government is providing a $3.2 billion incentive for Intel’s new $25 billion chip factory in Kiryat Gat, southern Israel, where the company already has a chip-making facility. According to a statement, Intel’s Israeli plant expansion is an important element in its effort to promote “a more resilient global supply chain,” which also includes manufacturing investments...
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Treasury Issues New Round of Sanctions Over Houthi Attacks in Red Sea
The Department of the Treasury has imposed new sanctions against entities aiding Iran in providing financial assistance to Houthi forces in Yemen. In a press release posted on Thursday, the Treasury’s Office of Foreign Assets Control designated Nabil Ali Ahmed Al-Hadha pursuant to Executive Order 13224, which prohibits transactions with terrorists. According to OFAC, Al-Hadha serves...
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Accenture Expands Cybersecurity Capabilities With 6point6 Acquisition
Accenture further expanded its footprint in cybersecurity following the completed acquisition of the U.K. technology consultancy 6point6, which specializes in cyber, cloud and data solutions. The newly acquired company, which operates from London and Manchester, brings in about 400 technologists to service clients’ needs, Accenture said in announcing the finalized deal on Wednesday. It did...
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Airbus To Acquire Atos’ Cybersecurity Division for $1.97B
French IT company Atos has confirmed that it is in discussion with Airbus over the potential sale of its data and cybersecurity business BDS for $1.97 billion, including debt. According to a Wall Street Journal report, Atos said it is in preliminary negotiations with the French aircraft maker. Airbus also confirmed that it had submitted a...
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Redcom Taps Australia’s MicroSecure to Bring Tactical Command and Control Solutions to Pacific Region
New York-based Redcom Laboratories has partnered with Australian company MicroSecure to extend the market reach of its tactical command and control solutions to government and military customers in the Pacific region, including the Australian Defense Force. The partnership grants Melbourne-based MicroSecure, a cyber and security consulting firm catering to the government, defense and intelligence sectors,...
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UAE To Deliver, Operate Airlock Module for NASA’s Gateway Space Station
NASA will work with the United Arab Emirates’ Mohammed Bin Rashid Space Centre to develop an airlock module for the Gateway Space Station. The aerospace company will build, deploy and operate the Crew and Science Airlock module for the space station that will be launched to orbit the moon, according to an agreement announced on...
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Nokia Launches Federal Solutions Subsidiary for US Government Customers
Finnish network technology company Nokia has announced the launch of Nokia Federal Solutions, a new subsidiary to cater exclusively to U.S. federal government customers‘ requirements, such as Internet Protocol routing, optical networking, 5G and tactical private wireless. The new subsidiary will be headed by General Manager Mike Loomis, who will lead a team of professionals...
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Axiom Space Forms Joint Venture With Korea’s Boryung
Houston, Texas-based Axiom Space has established a joint venture with South Korean company Boryung to explore opportunities in low-Earth orbit commercial space ventures. The new company, named Brax Space Corp., will be based in Korea, where Boryung operates from Seoul. It will focus on potential businesses from Axiom Space, a planned LEO commercial space station,...
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Airbus Announces Deal to Acquire Unmanned Aircraft Maker Aerovel
Airbus Helicopters has signed an agreement to acquire Aerovel and its small tactical unmanned aerial system called Flexrotor for intelligence, surveillance, target acquisition and reconnaissance missions. According to the Marignane, France-based company, the strategic move will expand its UAS portfolio. Aerovel’s expertise in autonomous flight technology complements the organization’s UAS development efforts and supports its...