The U.K. National Wealth Fund backed the Lanarkshire AI Growth Zone with a $273.2 million guarantee.
Author: Kristen Smith (Kristen Smith)
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Rocket Lab Establishes German Unit for European Market
Rocket Lab entered Europe through its April acquisition of Munich-based Mynaric.
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China Bars Dealings With 7 US Entities, Curbs Drone Exports
Seven U.S. companies and organizations are now off-limits to Chinese businesses and individuals Drones and related technology bound for the U.S. face case-by-case licensing rather than streamlined review The measures run counter to the commitments China made in the November trade deal China’s Commerce Ministry has cut off seven U.S. entities from doing business with...
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Nine Japanese Firms Win Spots on $1B Okinawa Construction Contract
Nine Japan-based construction firms will share the vehicle, which carries a combined $1 billion ceiling Task orders will span design, construction, renovation, repair and maintenance NAVFAC Far East ran the procurement, which drew 14 offers Nine construction companies based in Japan have taken positions on a multiple-award contract covering work at U.S. installations in the...
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Lockheed Martin Supports MRGBAD Prototype Live-Fire Test in Australia
The live-fire test, called Taipan Strike 26, took place at Australia’s Woomera Test Range and involved the U.S. Navy A CEA-built radar tracked the target while virtualized Aegis handled command and control from a small expeditionary setup The prototype draws on the Aegis baseline built for Hunter-class frigates and Hobart-class destroyers Lockheed Martin has supported...
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NAVER, NVIDIA, Brookfield Plan 200MW Expansion of South Korea AI Factory
The GAK Sejong buildout would more than triple the 55-megawatt plan the companies floated in June NVIDIA intends to put $1 billion into NAVER, with Brookfield eyeing up to $9 billion under a nonbinding term sheet The added capacity is meant to give developers, businesses and government users production-scale compute for models and agents NAVER,...
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Greece Approves $4B Israeli Air Defense Deal
The Achilles Shield system is designed to knock down ballistic missiles, aircraft and drones Greek Defense Minister Nikos Dendias said it would be fully operational within 35 months The purchase is part of a broader $31.89 billion plan to modernize the Greek armed forces through 2036 Greece has committed to a multi-layer air defense system...
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Thales, Destinus Partner on Counter-UAS, Long-Range Strike, Air Defense
The partnership combines Destinus’ interceptor technologies with Thales’ air defense systems and production capabilities Joint efforts include integrating the Hornet interceptor with Thales counter-UAS systems and radars The companies will also develop long-range strike and ground-based air interception capabilities Thales and Destinus have signed a cooperation agreement to jointly develop counter-unmanned aerial systems and long-range strike...
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KBR, Unipart, IBM Form Team ORION to Support UK Defense Ministry
The venture is built as a single integrated team rather than the usual multi-supplier setup The partners will lay out their approach at the Farnborough International Airshow on July 21 Team ORION is planning to work with UK suppliers and open opportunities for small and medium-sized enterprises KBR has joined with Unipart and IBM to...
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NATO Unveils Space, Strike & Air Defense Initiatives at Ankara Industry Forum
Eight allies launched HALO, a project exploring a networked megaconstellation of military satellites Allies pledged more than $40 billion for counter-drone capabilities over five years NSPA will buy 700 PAC-2 and 200 PAC-3 missiles amid a broader air defense and strike push NATO rolled out a slate of capability initiatives Tuesday at its Summit Defense...