Canada has purchased MQ-9B SkyGuardian aircraft from General Atomics Aeronautical Systems Inc. Quebec recently signed a contract with GA-ASI for the acquisition of a fleet of next-generation remotely piloted aircraft systems and associated certified ground control stations. SkyGuardian is capable of conducting persistent intelligence, surveillance and reconnaissance operations, including law enforcement, defensive counter air, airborne early...
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Author: Elodie Collins (Elodie Collins)
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Treasury Sanctions Entities for Export of US-Made UAV Components to Iran
The U.S. Department of the Treasury’s Office of Foreign Assets Control is imposing sanctions on companies and individuals based in the Middle East and East Asia for the export of American and foreign-made components to support Iran’s unmanned aerial vehicle production. In a notice published Tuesday, OFAC named Iran-based Hossein Hatefi Ardakani, Mehdi Dehghani Mohammadabadi...
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DASA-Backed Company Flare Bright Brings Machine Learning-Powered Digital Twin Software for Drones to US, Spain
Flare Bright, a machine learning digital twin company based in the United Kingdom, has secured contracts from defense organizations globally, bringing its technology from Spain to the United States. In 2021, the small business received initial funding from the U.K. Defense and Security Agency to explore the feasibility of true autonomy in drones. DASA followed...
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US Approves Italy’s Acquisition of M142 HIMARS Rocket Launchers for $400M
Italy is set to acquire M142 High Mobility Artillery Rocket Systems to aid in maintaining stability in Europe. The U.S. Department of State approved on Friday the possible foreign military sale of 21 HIMARS rocket launchers and related equipment valued at $400 million to the Italian Army. Lockheed Martin, as the primary contractor, will manufacture...
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Rheinmetall Secures $314M Contract From Hungary to Develop Next-Generation Tank
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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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...