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Category: Investment Security

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Global Tech Advocacy Group Issues Game Plan for a Single European Market to Promote Innovation

The Information Technology Industry Council, a Washington-based trade association, has issued a new policy guide recommending the further integration of Europe into a single market to enhance industry competitiveness and innovation. In a press release issued on Wednesday, ITI said the playbook, “Vision 2030: How to Enable Innovation and Ensure Competitiveness and Resilience Across Europe,”...

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Viasat Tests Highly Accurate GPS Data for Improved Navigation Safety, Efficiency

A Viasat test of the U.K. Satellite-Based Augmentation System showed for the first time how it can generate GPS data for maximum navigation safety and improved efficiency. The test was conducted aboard the National Flying Laboratory Centre’s Saab 340B aircraft flown from the Cranfield Airport in Bedfordshire, England, Viasat said Thursday. The company’s I-3 F5...

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Northrop Grumman, Mitsubishi Electric Partner to Improve Japan’s Defense Capabilities

Northrop Grumman is teaming with Mitsubishi Electric to strengthen Japan’s air and missile defense capabilities.  The two companies entered an agreement to combine their proprietary technologies that can enhance networking efficiency to provide the East Asian nation with increased situational awareness and interoperability.  “The Japan Ministry of Defense is accelerating integrated air and missile defense...

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Nokia Eyes $392M Investment in Two German Plants to Advance European Microelectronics Competitiveness

Finland-based network technology company Nokia said it plans to invest $392 million at its Ulm and Nuremberg manufacturing facilities in Germany to develop energy-efficient software and hardware. The investment is part of a European Commission Important Projects of Common European Interest initiative, with funding from Nokia, the German Federal Ministry of Economics and Climate Protection, and the...

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Michael Lempke Named HII Australia In-Country Business Head

Michael Lempke has been appointed as head of HII Australia, effective Jan. 1. The company operates as a business unit of HII’s Mission Technologies division. The executive is also president of Mission Technologies’ Nuclear and Environmental Services business group. In his new role, Lempke will specifically oversee HII’s interests in the trilateral security partnership of...

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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...

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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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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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L3Harris, GA-ASI Partner to Equip Canada’s SkyGuardian Drones With EO/IR Sensors for ISR Missions

Canada’s upcoming fleet of drones will be equipped with electro-optical/infrared imaging capabilities to enable intelligence, surveillance and reconnaissance operations. L3Harris Technologies will begin delivery of its WESCAM MX-20D EO/IR to General Atomics Aeronautical Systems Inc. for Canada’s new MQ-9B SkyGuardian remotely piloted aircraft systems. “We’re proud to equip the MQ-9B SkyGuardian with a cost-effective and fully...

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Lockheed Moves Closer to In-Country Manufacturing for Polish PAC-3 Missile Project

Lockheed Martin has moved closer to its goal of in-country manufacturing in Poland for the Patriot Advanced Capability-3 missile system, with several milestones under the Polish PAC-3 Missile Segment Enhancement program completed in 2023, a company executive said.  Anna Ortylewski, Lockheed’s Polish PAC-3 MSE program head, added that the year’s program gains also support PAC-3’s...

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