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Category: Investment Security

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Leonardo DRS Names New VP of Special Projects, UK Business Lead

Leonardo DRS has named Peter Hurst as vice president of special projects and United Kingdom business lead for the defense technology manufacturer. Hurst, who announced the appointment via a LinkedIn post on Wednesday, recently served as the company’s VP for international projects and business strategy. He led the firm’s Land Electronics division, managing business contracts,...

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Airbus, Eutelsat to Expand OneWeb Constellation Amid Growing Demand

European aerospace firm Airbus Defence and Space will continue working with French satellite operator Eutelsat on the OneWeb low Earth orbit constellation, extending its capacity amid growing demand. The two companies formalized the collaboration with a new contract, under which Airbus will deliver the first batch of an additional 100 satellites for the extended constellation...

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Estonian Missile Manufacturer Eyes $52M London R&D Unit

Frankenburg Technologies, an Estonian manufacturer of low-cost air defense missiles, is planning to invest $52 million to establish a new facility in London for research and development of low-cost rocket motors, the U.K. government announced Tuesday. British Prime Minister Keir Starmer called the company’s plan “a vote of confidence” in the United Kingdom and his...

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BlackBerry to Sell Endpoint Security Assets to Arctic Wolf

Canadian security software and services company BlackBerry is set to sell its Cylance assets to Arctic Wolf under a definitive agreement with the artificial intelligence-powered security solutions provider. Cylance, winner of Gartner Peer Insights 2024 Customers’ Choice for endpoint protection platforms, is powered by advanced generative AI to provide real-time threat detection and prevention capabilities....

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RTX Forms Dutch Partnership for Sustainable Aviation R&D

RTX units Collins Aerospace and Pratt & Whitney will partner with Dutch aerospace firms in technology research and development for sustainable aviation under a memorandum of understanding between RTX and the Netherlands Aerospace Group. The collaboration covers propulsion technology innovation, aircraft energy management, environmental assessments of sustainability solutions and other various areas. Collins Aerospace and Pratt...

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Joint Venture to Support UK-Italy-Japan Warplane Program

The United Kingdom’s BAE Systems, Italy’s Leonardo and Japan Aircraft Industrial Enhancement have agreed to establish a joint venture to support the Global Combat Air Programme, or GCAP. The three companies said the partnership will primarily support the development of the next-generation warplane envisioned under the GCAP trilateral cooperation between the United Kingdom, Italy and...

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Boeing Books $451M FMS Command and Control Solutions Contract for Japan’s F-15 Program

Boeing has secured a $450.5 million Foreign Military Sales contract from the U.S. Air Force to provide command and control capabilities to the F-15 Japan Super Interceptor Program. The sole source acquisition contract calls for Boeing’s delivery of radars, self-protection solutions and mission computers, the U.S. Department of Defense said Tuesday. The company will work...

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Space42, ICEYE Partner to Produce Satellite Imagery Spacecraft in UAE

United Arab Emirates-based space technology company Space42 has formed a joint venture with Finnish microsatellite manufacturer ICEYE to produce synthetic aperture radar satellites in its assembly, integration and testing and low Earth orbit mission operations facilities in Abu Dhabi. According to ICEYE, the joint venture will support the Middle Eastern nation’s Earth Observation Program, which...

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USAF Report Sees Opportunities in China’s Dependence on LEO Satellites

A study from a U.S. Department of the Air Force think tank has identified potential opportunities and challenges in China’s heavy reliance on low Earth orbit spacecraft for its space situational awareness, SpaceNews reported Monday.  According to the China Aerospace Studies Institute study, U.S. authorities should advance American companies’ capabilities to provide space imagery in...

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Carmen-Maja Rex Joins Airbus as HR Chief

Carmen-Maja Rex will join European aerospace firm Airbus SE as chief human resources officer in 2025, succeeding Thierry Baril, who held the post for 12 years. As the newest member of the company’s executive committee, Rex has years of experience in the human resource field. She started her career as a change management consultant for...

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