BlackBerry has named Tim Foote as chief financial officer, reporting directly to CEO John J. Giamatteo. In a press release on Monday, the company announced that Foote and two other executives are joining the finance team. Foote has been with the company since it acquired Good Technology in 2015. Before his new role, he held...
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Korean Aerospace Company Becomes Major Shareholder in Ghost Robotics; Gavin Kenneally Quoted
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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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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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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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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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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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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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...