Nathan Fisher, managing director at StoneTurn, has emphasized the need for the Committee on Foreign Investment in the United States to strike a balance between enabling economic growth and protecting national security interests, particularly with regard to sensitive data. In an opinion piece published in the Global Banking & Finance Review website, he suggests that this...
Category: Technology
French Company Delta Drone Rebrands As It Shifts Focus on Military UAS
The French unmanned aircraft systems company Delta Drone announced Wednesday that it has rebranded to Tonner Drones, reflecting a new strategy with military drone design and development as a key component. The new name, approved by company shareholders during their Sept. 29 general meeting, was chosen in honor of World War II French Resistance fighter...
Serco, Starburst Extend Partnership to Drive UAE Space Industry Growth
Serco has expanded its partnership with Starburst Aerospace to provide startup space companies in the United Arab Emirates with increased access to the latest innovations in the sector to fast-track their space technology development efforts. Starburst and Serco already have a collaboration agreement focused on supporting European startups, providing them with Earth observation and space...
Cybersecurity Leaders Urge Europe to Reconsider CRA Vulnerability Disclosure Requirement
Cybersecurity experts from Google, Trend Micro, i2Coalition and other companies, nonprofits and academic institutions around the world have published an open letter calling on policymakers from the European Commission to reconsider a portion of the Cyber Resilience Act. In 2022, the EC proposed the CRA to require technology manufacturers to take responsibility for a product’s...
US State Department Okays Potential $70M Missile Sale to Oman
The U.S. Defense Security Cooperation Agency has notified Congress about a potential $70 million sale of tube-launched, optically tracked, wireless-guided missiles to Oman. The planned foreign military sale, which the Department of State has approved, calls for the delivery of 301 TOW 2B radio frequency missiles (BGM-71F-7-RF) as well as government and contractor support on...
Reuters: US Updating Restrictions on Exporting AI Chips, Chipmaking Tools to China
A U.S. official revealed that China has been informed of U.S. plans to update the rules banning the export of artificial intelligence chips and chipmaking tools to Beijing, according to a Reuters report. The rules were first implemented in October 2022 as part of Washington’s effort to address national security concerns, hinder China’s efforts to...
QinetiQ to Outfit US Army Soldiers With Advanced Bomb Suits Under $84M Deal
QinetiQ US has secured an $84 million indefinite-delivery/indefinite-quantity contract to deliver over 700 units of Next Generation Advanced Bomb Suits to the U.S. Army. Under the five-year agreement, the company, which produces autonomous, sensing and protection solutions, will work with the service’s Project Manager Soldier Protective Equipment unit to develop the NGAB suits. In a...
First Saab 340 Airborne Early Warning Aircraft for Poland’s Armed Forces Unveiled
Aerospace company Saab has unveiled its first airborne early warning system aircraft for Poland. The Saab 340 aircraft was presented to the customer at the Swedish airframer in Linkoping, southern Sweden, on Friday. Representatives from Sweden and Poland attended the ceremony. “We are honored to provide this important capability to Poland and proud to be quickly...
Israel, Germany Jumpstart $3.5B Deal on Arrow 3 Air Defense
Israel has signed a $3.5 billion agreement to equip Germany with the Arrow 3 air defense system. German Defense Minister Boris Pistorius welcomed his Israeli counterpart, Yoav Gallant, in Berlin on Thursday for the signing ceremony of an official letter of commitment between the two countries, Breaking Defense reported. In a statement, Israel’s Ministry of...
BAE Systems Secures $4.8B Contract to Mature Design of UK’s Future Submarine Fleet
The United Kingdom’s Ministry of Defence has awarded BAE Systems a $4.8 billion contract to advance the development of its next-generation nuclear-powered attack submarine program. According to BAE Systems CEO Charles Woodburn, the agreement allows the company to mature the SSN-AUKUS program’s design and invest in skills and infrastructure to support the U.K.’s national security....