The United States and Mexico have agreed to increase the exchange of information on matters related to foreign investments to protect national security. On Thursday, Janet Yellen, the U.S. secretary of the treasury, signed a memorandum of intent with Rogelio Ramirez de la O, Mexico’s secretary of finance and public credit, to establish a bilateral...
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Category: Press Releases
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US Eases Some Security Controls on Exports to Allies
The U.S. Department of Commerce’s Bureau of Industry and Security has eased some export license requirements and expanded export license exceptions for key U.S. allies. One of the BIS measures released on Thursday removes export curbs on certain pathogens and toxins of interest to Australia Group member countries but are not under Chemical Weapons Convention...
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Australian Army Picks Infantry Fighting Vehicles From Hanwha
Canberra has awarded Hanwha Aerospace subsidiary Hanwha Defense Australia a $2.4 billion contract for the supply of 129 infantry fighting vehicles. Hanwha described the contract as a landmark purchase, noting that it is the first time South Korean defense solutions will be developed for the Australian Army. Under the contract, HDA will supply the Redback...
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NorthStar Secures Funding to Launch Space Situational Awareness Services
Canadian space company NorthStar Earth & Space has secured $14.7 million in funding from Telesystem Space, the Luxembourg Future Fund and the government of Quebec for its satellite constellation operations. The investment will fund the company’s mission to launch four satellites that would be part of the world’s first space-based commercial space situational awareness services,...
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Saab To Research New Tech for Sweden’s Future Underwater Capabilities
Saab said it will study new submarine technology under an agreement with the Swedish Defence Materiel Administration. The deal requires the defense company to conduct concept development studies for future underwater capabilities. According to Saab, the preparatory studies will center on advancing existing underwater technologies and exploring new submarines and submarine-related capabilities for Sweden. In...
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Rafael Advanced Defense Systems Names Yoav Turgeman as New CEO
The board of directors of state-owned Israeli company Rafael Advanced Defense Systems has appointed Yoav Turgeman as its new CEO, replacing Yoav Har-Even, who held the position for over eight years. Yuval Steinitz, Rafael board chairman, hailed the unanimous vote and expressed confidence in Turgeman, saying he has the necessary experience, competencies and skills to...
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Anti-Drone Solutions Company SkySafe Secures 6th Order From Asia
SkySafe, an airspace security company based in San Diego, California, has received an order for an anti-drone solution from an Asian country, its sixth contract award from the region. The anti-drone system uses advanced radio frequency technology, reverse engineering and deep threat analysis, enabling the operator to pinpoint the location of both the airborne drone...
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AUKUS Security Alliance Launches Investor Network to Accelerate Advanced Military Technology Development
Australia, the United Kingdom and the United States have launched a new initiative that promotes the development of new advanced military technologies. The AUKUS Defense Investor Network is comprised of private capital investors from about 300 institutional venture capital firms, corporate venture capital groups and family offices from the three nations. Together, the network represents over...
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Accenture Secures New Contract to Modernize Finnish Defense Forces’ Enterprise Resource Planning
Accenture has signed a new contract for a digital transformation program modernizing the Finnish Defence Forces’ enterprise resource planning system. In 2009, Finnish Defence tapped Accenture to convert its ERP system into a defense industry solution with new features that extend its functionality. According to the company, the new program’s goals include improving user experience,...
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Irish Air Corps’ New Spy Planes Get Viasat’s Dual-Band Satcom System
Viasat has incorporated its dual-band broadband satellite communication terminal GAT-5530 into the Irish Air Corps’ new Airbus C295 maritime surveillance aircraft. The company said the terminal’s Ku and Ka band airborne technology provides secure and flexible satcom connectivity that will enhance the aircraft’s military capability. Ireland ordered two C295 MSA planes in 2019, with Airbus...