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Category: Investment Security

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QinetiQ, UK Issue Open Source AI Tool to Accelerate Development Process

QinetiQ and the U.K Defence Science and Technology Laboratory have released an artificial intelligence tool as open source software to speed up its evolution. Giving the public access to Primary-level AI Training Environment, created under Dstl’s Autonomous Resilient Cyber Defence program, will allow the general developer community to participate in tweaking the software, QinetiQ said....

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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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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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Rheinmetall to Produce Ammunition for Ukraine Under New Joint Venture

A Ukrainian company has signed a memorandum of agreement with German arms manufacturer Rheinmetall to establish a joint venture that will produce and supply ammunition to Ukraine. Called Ukrainian Competence Center for Ammunition, the new company will manufacture a six-digit number of 155 mm caliber bullets annually in an artillery ammunition plant Rheinmetall will build...

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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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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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Eric Freeman Takes Helm at Leidos UK and Europe

Science and technology company Leidos has announced the promotion of Eric Freeman to CEO for its operations in the United Kingdom and Europe. Formerly chief operating officer at Leidos UK and Europe, Freeman replaces Simon Fovargue, who retired at the end of 2023. Freeman’s new roles include managing Leidos UK’s internal organization and the operations...

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South Korea, Saudi Arabia To Collaborate on Weapons Development, Production

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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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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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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