Rheinmetall will work with the government of Hungary to develop the next-generation tank, Panther KF51. The German arms and land systems manufacturer recently signed a development contract valued at $314.5 million in Zalaegerszeg, Hungary. “The Panther KF51 is the world’s most advanced main battle tank. It sets a new standard for the combat effectiveness of...
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Author: Elodie Collins (Elodie Collins)
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US Expects Canada’s Defense Bill Update to Increase Military Spending
The United States is confident that Canada’s upcoming defense policy update will increase military spending to boost capabilities and meet its responsibilities as part of NATO. David Cohen, the U.S. ambassador to Canada, shared in a recent interview that sources from Ottawa made assurances that the policy change will address concerns among military officials over...
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UK Strengthens Sanctions Enforcement Against Russia by Establishing New Office
The United Kingdom is establishing a government organization dedicated to monitoring and strengthening the enforcement of trade sanctions on Russia. Nusrat Ghani, industry and economic security minister, recently announced the creation of the Office of Trade Sanctions Implementation. The OTSI will be responsible for ensuring that companies in the U.K. are adhering to trade sanctions,...
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Austria Acquires $570M Worth of Rheinmetall Skyguard Tactical Units to Strengthen Air Defense
German arms manufacturer Rheinmetall has secured a contract to modernize Austria’s Skyguard air defense systems. The company signed the contract valued at $570 million with the Austrian defense ministry in Vienna. Klaudia Tanner, Austrian minister of defense, was present during the event. “In this flagship project, Austria is at the absolute forefront of anti-aircraft and counter-drone defense in...
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Executive Mosaic GovCon Index Aggregator Tracks Top 30 Publicly Traded Companies
Executive Mosaic has introduced the first-ever stock market tracker dedicated to providing financial information about and to the government contracting industry. GovCon Index currently tracks 30 leading publicly traded govcon companies such as Boeing, BAE Systems, Booz Allen Hamilton, Lockheed Martin, Northrop Grumman and RTX. According to Jim Garrettson, CEO of Executive Mosaic, GovCon index will give stakeholders, investors, executives and the government access to information that can enhance strategic decision-making. Executive Mosaic also owns ExecutiveBiz, ExecutiveGov, GovCon Wire and GovConExecutive International. GovCon Index is available at https://govconindex.com/.
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New Zealand Wants Closer Cooperation With Five Eyes Intelligence Partners
New Zealand is seeking stronger ties with its Five Eyes partners under its new prime minister, Christopher Luxon. The Five Eyes was established by the United States, the United Kingdom, Canada, Australia and New Zealand to share intelligence during World War II. According to Winston Peters, foreign minister of New Zealand, the government will reinvigorate...
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Italian Navy Officially Assumes Command of Standing NATO Maritime Group Two
The United Kingdom has officially handed command of the Standing NATO Maritime Group Two to Italy. The change of command took place in Taranto, Italy, on the outgoing flagship Royal Navy HMS Duncan. Present during the event were Royal Navy Cmdr. Paul Stroude, who led SNMG2 over the past five months, and Rear Adm. Pasquale Esposito...
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UK Deploying Minehunter Ships to Ukraine Amid Russia’s Black Sea Blockades
The United Kingdom is sending two minehunter ships to Ukraine. British Defense Secretary Grant Shapps is expected to announce Ukraine’s procurement of Sandown-class vessels from the Royal Navy on Monday. The U.K. is part of a new Maritime Capability Coalition established to increase Ukraine’s capability to operate at sea. The coalition, which includes Norway, also intends...
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International Initiatives Blue Dot Network, FAST-Infra Group Partner to Promote Sustainable Infrastructures
Two international initiatives are working together to mobilize private sector investment to promote sustainable and climate-resilient infrastructure projects. During the Sustainable Infrastructure Panel at the Conference of the Parties 28 on Thursday, Blue Dot Network and Finance to Accelerate the Sustainable Transition – Infrastructure announced plans to coordinate their respective programs and identify complementary areas for...
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US, Mexico Agree to Intensify Sharing of Foreign Investment Information
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...