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Category: Investment Security

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Google to Improve Connectivity in South Pacific With Two Upcoming Subsea Cables

Google is installing two new transpacific subsea cables in the Pacific Ocean as part of the South Pacific Connect initiative.  The first cable, named Honomoana after the Polynesian word for “link” and “ocean,” will connect French Polynesia to the United States and Australia. Meanwhile, Tabua, named after a sacred Fijian whale’s tooth, will serve communities in...

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South Korea’s Hanwha Aerospace to Develop Actuation Systems for Vertical Aerospace’s VX4 Aircraft

South Korea's Hanwha Aerospace has signed an agreement with Vertical Aerospace to deliver the electro-mechanical actuation systems for the latter's VX4 electric aircraft. Under the expanded deal, the company will design, test, manufacture and supply the electric vertical takeoff and landing aircraft's tilt and blade pitch control system. Upon completion, the technology will be installed on the VX4 prototype being assembled in the United Kingdom and scheduled for test flights in 2024.

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Leonardo Seeking Key European Defense Industry Alliances, New CEO Says

The new CEO of Italian defense and electronics firm Leonardo, Roberto Cingolani, said the company is “working on some alliances that should create European hubs in fundamental defense sectors.” According to a Defense News report, the CEO’s strategy, which he unveiled in a speech before a defense committee in the Italian Parliament, calls for a...

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New AWS European Sovereign Cloud Offering to Address Strict EU Rules

Amazon Web Services announced on Wednesday that it will roll out an independent AWS European Sovereign Cloud to help companies and the public sector meet the European Union’s strict regulations. The new European offering, which will be located in Europe and operate out of the continent, will feature security, availability and performance similar to existing...

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Elbit Systems to Serve as the Swedish Army’s LSS Mark Integration Partner

Elbit Systems Sweden AB will manage the rollout of the LSS Mark tactical command support system as part of the Swedish Army’s digitalization.  The company will serve as the LSS Mark integration partner for the Swedish Army over a 10-year period under an approximately $170 million contract. Under the deal, the Elbit Systems subsidiary will be in charge...

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Electronic Warfare Systems Advancing in South Korea With Northrop Grumman, LIG Nex1 Collaboration

Northrop Grumman and LIG Nex1 have signed a memorandum of understanding to collaborate on opportunities in South Korea’s airborne electronic warfare systems. Dong Ha, Northrop Grumman Korea's chief executive, said the agreement is founded on the company's "decades of delivering advanced defense solutions" to South Korea. Northrop Grumman's portfolio includes the multi-sensor targeting pod LITENING and the E(V)2 radar warning receivers.LITENING's current users include U.S. military services as well as international customers.

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German Companies Partner to Launch End-to-End Microgravity Service for R&D Missions

Three NewSpace companies from Germany have launched an end-to-end service for life science or biotech research and product development in microgravity.  Rocket Factory Augsburg, Atmos Space Cargo and Yuri unveiled their joint offering at Weltraumkongress in Berlin. The service, dubbed Eva, provides an alternative to the International Space Station, the only laboratory for long-duration microgravity research. Since...

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BAE Systems Starts Construction on New Shipbuilding Facility in Glasgow

BAE Systems Maritime has broken ground on a new shipbuilding facility at the Govan shipyard in Glasgow, Scotland. McLaughlin & Harvey is leading the construction work. The new facility will support the company’s development of five Type 26 frigates under a $5.09 billion contract the U.K. Ministry of Defence awarded in 2022. The ship build...

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Lockheed Martin to Sponsor the Melbourne Space Program for 12 Months

Lockheed Martin Australia is sponsoring the Melbourne Space Program to help nurture the next generation of space leaders. The program is open to university students who have the aptitude for innovation and problem-solving. Each year, the program selects participants from various disciplines, including engineering and business, to build skills and real-world experience.  Lockheed Martin Australia will...

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GA-ASI’s New Drones to Use South Korean Fuel Interface Rings

General Atomics Aeronautical Systems Inc.’s MQ-9B SkyGuardian/SeaGuardian unmanned aircraft systems will integrate South Korean manufacturer Rokadi’s fuel interface rings. The two companies signed the supply contract agreement at the Global Industrial Cooperation Association 2023 Autumn Conference in Seoul. The GA website describes the next-generation MQ-9B SkyGuardian as an all-weather drone designed for flights of more than...

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