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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Author: Elodie Collins (Elodie Collins)
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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...
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UK Agency Working on Secret Technology Launches Initiative to Collaborate With Industry
A secretive U.K. government organization and the former workplace of computing pioneer Alan Turing is opening its doors to collaborate with the private sector. On Wednesday, His Majesty’s Government Communications Centre launched an initiative to work closely with technology companies and academic institutions on innovations that support national security. HMGCC Co-Creation, launched in partnership with the...
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US Imposes New Round of Sanctions on Russian Federation Procurement Agent
The Department of the Treasury’s Office of Foreign Assets Control has imposed new sanctions on a Belgian businessman and his companies for the export of electronics in support of the Russian military. According to OFAC, Hans De Geetere serves as a director of several companies in Belgium, Cyprus and the Netherlands. He is a long-time...
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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...