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Category: Investment Security

Amr Hussein
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Lockheed Martin Boosts Global Supply Chain With Radar Parts From Spain; Amr Hussein Quoted

Lockheed Martin has ordered AN/SPY-7(V)2 radar parts from three Spanish companies – Indra, Escribano Mechanical and Engineering and Integral de Conexión y Montajes – to enhance the global supply chain for the F-110 frigate it is building for Spain’s naval forces. Amr Hussein, Lockheed Martin vice president and general manager of multi-domain combat solutions, said...

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Collins Aerospace to Invest $250M in New Singapore Manufacturing Facility; Henry Brooks Quoted

Collins Aerospace will build a new $250 million manufacturing facility in Singapore. “This new facility will be a hub of innovation, leveraging cutting-edge technology to support aerospace components’ design, development and production,” Henry Brooks, president of Power & Controls at Collins Aerospace, said Wednesday. Construction of the new factory at Seletar Aerospace Park will begin...

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FDH Aero Joins South Korea in Space Exploration Efforts; Cody Ho Quoted

Commerce, California-based FDH Aero said it has entered into a memorandum of understanding with the city of Sacheon in South Korea to jointly support the country’s space exploration goals established under the Korea AeroSpace Administration. Launched in May, the Sacheon-based KASA aims to accomplish moon and Mars landings in the next two decades and develop...

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Australia Expands List of Primes for Global Supply Chain Initiative

Australia has tapped several companies to join the Global Supply Chain program, expanding its membership to 13 participants in line with the Defence Industry Development Strategy. The participating companies, known as primes, are: Babcock BAE Systems Boeing HII Kongsberg L3Harris Lockheed Martin Moog Northrop Grumman Raytheon Rheinmetall Saab, and Thales.  Defence Industry Minister Pat Conroy...

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Lockheed Martin Australia Realigns R&D Lab’s Focus to Advanced Systems and Technologies

Lockheed Martin’s research operations center in Australia is now known as Advanced Systems and Technologies. The company said the transition from the old name — STELaRLab, short for Science, Technology, Engineering Leadership and Research Laboratory — will enable the facility to better meet the Australian Defence Force’s mission objective and capability development requirements. AST advances research and...

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Nikon Sees Growing Demand for Its Metal 3D Printing, Legacy Chipmaking Capabilities

Nikon, witnessing a surge in its businesses, is looking to market its metal 3D printers to the U.S. defense and aerospace market. In an interview with Bloomberg TV on Wednesday, Muneaki Tokunari, president and chief financial officer at Nikon, said the Japanese optics and imaging firm is “betting on many things,” one of which is...

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Canada Awards Hitachi Energy Funding to Build HVDC Simulation Center in Quebec

Hitachi Energy Canada has secured funding from the Canadian government to build a new high-voltage direct current simulation center in Montreal. HVDC is a key component that integrates large-scale renewable electricity into the power grid. On Monday, the company said it received around $22 million from the Strategic Innovation Fund, a national investment program supporting...

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Leonardo to Support Ammunition Production for Italian Armed Forces

The Defence Industries Agency, a component of the Italian Ministry of Defence that supplies military equipment to the Italian Armed Forces, has partnered with Leonardo to develop conventional 155 mm artillery ammunition over 18 months. Leonardo said the collaboration, with options to extend further, aims to improve the operational capabilities of the Italian Armed Forces...

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IBM Buys SiXworks for $150M to Grow UK Public Sector Business

IBM expanded its market presence in the public sector with its acquisition of U.K. defense consultancy company SiXworks. The multinational technology firm said in a blog post on Tuesday that SiXworks’ digital, cyber and defense cloud capabilities complement its existing U.K. offerings on cybersecurity, data and artificial intelligence. IBM purchased SiXworks from London-based private equity...

Northrop Grumman, Mitsubishi Electric Extend Collaboration With Mission Solutions MOU; Kenn Todorov Quoted
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Northrop Grumman, Mitsubishi Electric Extend Collaboration With Mission Solutions MOU; Kenn Todorov Quoted

Northrop Grumman and Mitsubishi Electric are planning to jointly pursue industrial co-production opportunities for various strategic mission solutions in the United States and Japan. The cooperation, provided in a memorandum of understanding that Northrop announced on Wednesday, extends to partnership in logistics and sustainment of key military capabilities such as electronic warfare, radar, underwater sensors and...

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