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Category: Investment Security

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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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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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