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Category: Investment Security

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HII Grooms South Australian Defense Industry’s Capabilities for Nuclear Submarine Requirements

HII Nuclear Australia has launched a $684 million supplier capability uplift program to drive the development of the defense industry supply chain in South Australia, focusing on capabilities to support Canberra’s nuclear submarine initiatives. HII said in a statement on Monday that five companies have been selected to participate in the program, the initial effort...

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Lithuania Prepares to Host Northrop Grumman Ammunition Factory

The Lithuanian government has signed a memorandum of understanding with Northrop Grumman to develop, manufacture and supply medium-caliber ammunition in the Baltic country.  A Northrop Grumman ammunition production project could bring significant U.S. investment to Lithuania, its Ministry of National Defence said in a statement Monday.  Lithuanian Prime Minister Ingrida Simonyte said partnering with companies...

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In Groupe in Talks Over Possible Idemia Smart Identity Acquisition

French multinational technology company Idemia has entered into negotiations with In Groupe over the possible sale of Idemia Smart Identity, one of its three business units. Idemia said closing the deal would expand In Groupe’s size, geographic presence and cutting-edge solutions offered to customers worldwide. According to Idemia Group CEO Pierre Barrial, the transaction is...

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Austal Australia Forges Commercial Partnership With Greenroom Robotics

Austal Australia has established a strategic commercial partnership with Greenroom Robotics, advancing their previous collaboration in the completed Patrol Boat Autonomy Trial for the Royal Australian Navy.  The latest partnership will extend the two companies’ cooperation to develop watercraft-based products, services and technologies geared toward crew reduction and safer operations of autonomous vessels that Austal...

Telesat Satellite Constellation Project Secures $1.9B Funding From Canadian Government
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Telesat Satellite Constellation Project Secures $1.9B Funding From Canadian Government

The Canadian and Quebec governments have awarded Telesat $1.9 billion in total funding for its low Earth orbit broadband satellite constellation project, completing the financing for the planned global network, including satellites, space launch vehicles and ground stations. Under the funding agreements for the project, dubbed Telesat Lightspeed, the Canadian central government will invest $1.6...

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New DXC Center of Excellence in Spain to Showcase AI-Powered Cloud Platforms

DXC Technology has expanded its operations in Spain with a new center of excellence in Zaragoza designed to help public and private sector customers manage critical workloads, infrastructure and operations in the cloud and ensure data security. The center will feature the latest DXC cloud platforms that use artificial intelligence to support applications and solutions...

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Australia Extends KBR Service Contract at HMAS Stirling Naval Facility

The Australian Department of Defence’s Security and Estate Group and the Australian Submarine Agency have renewed the contract of global engineering, construction, and services company KBR to provide technical design services at the HMAS Stirling naval base south of Perth. The company said its work supports the base’s facilities and infrastructure programs for nuclear submarines...

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L3Harris Presents Communications Equipment Support Center Model for Indo-Pacific Users

L3Harris has unveiled a new model for a support center dedicated to warfighters and first responders using the company’s communications systems in the Indo-Pacific region. The new Indo-Pacific Regional Support Centre model, presented at the Land Forces International Land Defence Exposition, will start operating in 2025 to expedite field service repairs. The facility will integrate...

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PsiQuantum, Griffith University Partner to Advance Quantum Computing in Australia

PsiQuantum, a quantum computing company based in Palo Alto, California, has partnered with Griffith University in Australia to open a new facility in Brisbane. According to Geoff Pryde, senior director of technical partnerships at PsiQuantum, a dedicated facility to foster innovation and collaboration is essential to the company’s expansion in the country. “We’re thrilled to...

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Iceye Secures Imagery, Satellite Development Contract Supporting Greek Radar Program

Iceye will deliver radar imagery and two synthetic aperture radar satellites for the Greek National Satellite Space Project Axis 1.2 under a contract awarded by the European Space Agency. The radar program, managed by the Greek Space Agency and the Ministry of Digital Governance, will gain access to imagery from Iceye’s existing SAR constellation prior...

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