South Korean aircraft engine manufacturer Hanwha Aerospace will form a joint venture with Polish aeronautics firm WB Group to deliver CGR-080 missiles for Poland’s HOMAR-K artillery systems. The two defense contractors sealed the joint venture through an executive agreement signed by Hanwha Aerospace CEO Son Jae-il and WB Group President Piotr Wojciechowski on the first...
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Category: Investment Security
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Xage Security Boosts Global Expansion Goal in Two New Executive Appointments
Zero trust cybersecurity company Xage Security has named Russell McGuire its global chief revenue officer and Ashraf Daqqa its vice president for the Middle East, Turkey, and Africa. The new appointments affirm the Palo Alto, California-based technology company’s goal of broadening its market abroad, Xage said in a statement Monday. Commenting on the new appointments,...
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Northrop Grumman, Terma Collaborate to Advance EW, Unmanned Systems, Other Key Capabilities
Northrop Grumman and Danish aerospace company Terma have entered a memorandum of understanding to advance several key capabilities, including electronic warfare, unmanned aerial systems and the F-35 Lightning II jet. The new MOU, which follows a collaboration to produce, modernize and sustain the F-35 jets, also includes an initiative to support small to medium businesses in Denmark looking to participate in the global supply chain of U.S. government contractors. Terma Executive Vice President Steen Lynenskjold said the new agreement follows a longstanding and strong relationship between the two businesses, bringing the partnership into new areas.
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IBM Opens Quantum Data Center in Germany, Its First Outside US
IBM opened a quantum data center in Germany on Tuesday, the first of its kind outside the United States and the second such facility in the world. A ribbon-cutting ceremony marked the launch of the new location, with several government and company leaders in attendance, including German Chancellor Olaf Scholz, IBM Quantum Vice President Jay...
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US Includes Data Centers in Preapproval Program to Boost AI Development, National Security
The U.S. Department of Commerce has expanded its Validated End User program to include foreign data centers, allowing for general authorization of imported designated items rather than requiring multiple individual permits for exporters. The Bureau of Industry and Security within the department said data centers seeking to be part of the VEU program must pass through an interagency review, a rigorouse process that aims to establish safeguards that prevent the diversion or misuse of U.S. technology in ways that could harm national security. “This update will contribute to the development of a trusted ecosystem for the responsible use of advanced computing and artificial intelligence,” said the BIS announcement.
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GA-ASI Industry Event to Provide Funding Opportunity for Dutch Tech, Aerospace Companies
General Atomics Aeronautical Systems Inc., in partnership with the Dutch Ministry of Defence and the Dutch Ministry of Economic Affairs, will hold the Blue Magic Netherlands event on Nov. 19 in Eindhoven to provide Dutch tech and aerospace companies the opportunity to propose innovative technologies, seek funding and connect with industry leaders. Brainport Development, Brabant Development Agency, Spacened and Lockheed Martin Ventures are among GA-ASI’s partners that will accept dual-use product proposals focused on artificial intelligence and machine learning, autonomy, advanced materials, advanced manufacturing, sensors and navigation, and space. Interested companies are invited to register on the event website no later than Oct. 28.
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Dennis Goege to Take Over as Chief Executive for Europe at Lockheed Martin
Lockheed Martin has named Dennis Goege as vice president and chief executive for Europe, effective Oct. 1. Goege, who succeeds Jonathan Hoyle, joined the company in 2020 and has since been helping with initiatives aimed at growing Lockheed's air, land, naval and space offerings. Also taking on new roles are Emanuele Serafini, who will report to Goege as VP and regional executive for west Europe, and Paul Livingstone, incumbent VP and chief executive at Lockheed Martin UK, who will expand his responsibilities to cover NATO transactions.
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Joint G7 Guidance Seeks to Foil Russian Evasion Tactics on Export Curbs
The G7 leading industrialized nations have issued a joint guidance for businesses on preventing Russian evasion of export controls and sanctions, the U.S. Department of Commerce's Bureau of Industry and Security announced on Tuesday. BIS Assistant Secretary for Export Enforcement Matthew Axelrod stressed that preventing Russian acquisition of components for missiles and unmanned aerial vehicles is a G7 "top priority” that cannot be achieved without industry partnership. For this reason, the guidance was issued to provide the information that companies need "to identify and respond to Russia's changing evasion tactics," he said.
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Poland to Invest $15.8B in Westinghouse-Bechtel Nuclear Power Plant Project
The Polish government plans to invest $15.67 billion in the country’s first nuclear power plant. Westinghouse Electric and Bechtel will design and build the plant under a contract signed in September 2023 with Polish utility Polskie Elektrownie Jadrowe. According to Bechtel, the funding was announced after the companies met with key stakeholders in Warsaw and...
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Intelsat Expands Vodafone Collaboration, Makes Satellite Connectivity More Accessible in Remote Locations
Satellite communications provider Intelsat has expanded its collaboration with Vodafone to make satellite connectivity services more accessible to private and public organizations that operate in remote locations. Under the new deal, Vodafone’s terrestrial networks gain new capabilities with the addition of Intelsat’s Flex portfolio. The enterprise-grade, end-to-end managed service — composed of 22 satellites, 228...