LIG Nex1, a South Korean defense technology company, has acquired a 60 percent control stake in Philadelphia-based Ghost Robotics for $240 million. The acquisition is expected to advance the development and fielding of autonomous robotic platforms, including Ghost Robotics’ Vision 60 ground drone. Ghost Robotics will use LIG Nex1’s defense sector expertise and manufacturing capabilities...
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Category: Investment Security
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Fluor, RoPower Nuclear Partner for Phase 2 of Romanian Small Modular Reactor Facility
Fluor is collaborating with RoPower Nuclear for Phase 2 of the front-end engineering and design work at a small modular reactor facility in Doicesti, Romania. The partnership will focus on customizing a six-reactor SMR power plant with NuScale technology, which, according to European codes and standards, could produce up to 462 megawatts. The two companies...
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NATO Awards Contracts on Platform Concept Studies for Next-Generation Helicopters; Stacy Cummings Quoted
The NATO Support and Procurement Agency has awarded separate contracts to three teams led by Airbus Helicopters, Lockheed Martin Sikorsky and Leonardo to undertake a concept study on the design and execution of the Next Generation Rotorcraft Capability program. NGRC is geared to replace the military alliance’s helicopters by the mid-2030s. NSPA said in a...
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Accenture Expands SAP, Supply Chain Offerings With Camelot Management Acquisition
Accenture has expanded its SAP and supply chain capabilities with the acquisition of Camelot Management Consultants, a SAP-focused management and technology consulting firm based in Germany. In a press release on Monday, the global professional services firm said customers will benefit from Camelot’s analytics, data strategy and modernization expertise at a time when more organizations...
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GE Aerospace Completes Assessment of Powerplant Options for Future NATO Helicopter
GE Aerospace has completed an initial study supporting the development of NATO’s next generation of rotorcraft capability. The company said the effort, conducted with its Italian partner Avio Aero, analyzed powerplant solutions for the envisioned helicopter, such as advanced gas turbines, hybrid electric systems, hydrogen fuel cells, and hydrogen combustion engines. The partnership also explored...
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Leonardo Exec Sees MBDA-Style Consolidation for Europe’s Defense Industry
Leonardo co-general Manager Lorenzo Mariani said significant consolidation among European defense companies in the future will lead to a healthier defense sector in the region. In an interview with Breaking Defense published on Thursday, Mariani discussed how consolidation differs from the mergers and acquisitions practice in the United States and how it is more similar...
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General Atomics Schedules First Blue Magic Netherlands Conference in November; Brad Lunn Quoted
General Atomics Aeronautical Systems Inc. will hold its first Blue Magic Netherlands event in Eindhoven on Nov. 19. The conference will provide Dutch startups with partnership and funding opportunities to support their efforts to develop advanced dual-use technologies, GA-ASI said. During BMN, the aerospace company and its partners, which include Brainport Development Eindhoven, Lockheed Martin...
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Collins Aerospace Marks Milestone in Europe’s Sustainable Aircraft Program HECATE
The European Union’s Clean Aviation HECATE program has reached a new milestone after completing its preliminary design review for the electric aircraft, Collins Aerospace announced on Monday. Collins is one of the aerospace industry leaders working on HECATE, short for Hybrid Electric Regional Aircraft Distribution Technologies. The RTX business leads the project’s steering committee, while...
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Hensoldt Creates Multi-Domain Solutions Unit Under New Operational Setup; Oliver Dorre Quoted
Germany-based defense contractor Hensoldt has announced an organizational streamlining, which calls for establishing a multi-domain solutions division integrating the capabilities of its newly acquired company, system integrator ESG Elektroniksystem- und Logistik. The company completed the ESG transaction in April. The new division will merge ESG with Hensoldt’s spectrum dominance and airborne solutions divisions to serve...
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UK-Japan-Italy Partnership Unveils Concept Model of Next-Generation Combat Aircraft; Herman Claesen Quoted
BAE Systems has unveiled a new concept model of its next-generation combat aircraft under the Global Combat Air Program at the Farnborough International Airshow. The new aircraft, which the U.K. contractor developed with Japan’s Mitsubishi Heavy Industries and Leonardo of Italy, features a larger wingspan than previous concepts for enhanced aerodynamics, a more intelligent weapons...