The Italian government is drafting measures to support the country’s strategic industrial sectors, including microelectronics, and promote foreign investment programs worth at least $1.1 billion, Reuters reported. Citing documents it obtained, the news agency said Italy plans to provide tax breaks of approximately $689 million for five years to support research and development efforts in...
The Italian government has signed a $928.6 million deal with CIO, an Iveco and Oto Melara consortium, to upgrade its fleet of aging Ariete tanks. Under the deal, CIO will replace the battle tanks’ engines with a new version that boasts 1,500 horsepower. The ground weapon system will also get new mine protection kits, modernized turrets, software-defined radios...
CAE has delivered the first Magnetic Anomaly Detection-Extended Role sensors to its long-time partner Mitsubishi Electric Corp. The Japanese company will install the system on board the Japan Maritime Self-Defense Force’s new P1 maritime patrol aircraft. According to CAE, the system is based on the MAD magnetometers the company supplies to navies around the world. It...
Pakistan might follow Azerbaijan’s decision to join Turkey’s fifth-generation fighter jet program named Kaan. At a recent event, Celal Sami Tufekci, deputy defense minister of Turkey, said defense officials will meet with their Pakistani counterparts in the coming weeks to discuss the official participation of the South Asian country. The Pakistani government has yet to...
U.S. export controls, the political stance of the U.S. government and the emergence of new defense companies are seen affecting the sale of American weapons to Arab countries, including the United Arab Emirates and Saudi Arabia. According to a U.S. defense industry source, non-U.S. companies seem to have dominated defense deals in the region. Another...
President Joe Biden will release this week an executive order to scrutinize outbound investments in sensitive technologies to China, according to a Reuters report. The order is designed to stop U.S. capital and expertise from supporting the development of technologies that could modernize China’s military and eventually threaten U.S. national security, the report added. Sources...
Oracle has unveiled Oracle Cloud for Australian Government and Defense for the Canberra region, a new platform that offers over 100 services that enable customers to build and run cloud-hosted applications. Through the new region, government cloud users can access services, applications and integrated security capabilities to help them harness data and optimize workload, Oracle...
The U.S. government has approved Finland’s purchase of the “David’s Sling” missile system that the United States jointly developed with Israel, the Israeli Ministry of Defense announced Wednesday. The Finnish purchase is worth approximately $346.75 million, with Israel as the seller under the procurement agreement. The U.S. Missile Defense Agency and Israel’s Missile Defense Organization...
Advanced Micro Devices is considering developing an artificial intelligence chip that it can deliver to Chinese customers without violating U.S. export regulations. In October 2022, the United States introduced wide-ranging export controls against Beijing, including semiconductors built using American tools and those designed for AI applications. AMD sees its new MI300 accelerator chip for training...
Swedish defense company Saab, in partnership with Dutch shipbuilder Damen Shipyards Group, has submitted a proposal to provide the Royal Netherlands Navy with more advanced submarines compared to its current Walrus-class underwater vessels. Saab offered to deliver four Expeditionary Submarine C718 units featuring weapon launching systems, sensor systems and other solutions that help prevent active...
