Italian ship manufacturer Fincantieri is preparing for the anticipated growth of the undersea market over the coming years, according to company CEO Pierroberto Folgiero. In an interview with Breaking Defense, Folgiero predicted that the market would be worth up to $400 billion by 2030. “Underwater will be what was space 40 years ago,” the CEO...
Hello, Guest!
Category: Europe
Post
Rheinmetall Breaks Ground on $68M Hybrid Production Plant in Hungary; Christoph Mueller Quoted
Rheinmetall is investing $68 million in a new production facility in Szeged, Hungary. According to Christoph Mueller, CEO of Rheinmetall Power Systems, the site will expand the company’s presence in the country, noting that it already has operational plants in Budapest, Zalaegerszeg and Varpalota. “We are delighted to further expand our presence in Hungary, one...
Post
Norway Responds to ‘Deteriorating’ Security Environment With Increased Defense Spending Plan
Norway wants to increase defense spending in preparation for a potential conflict with Russia. “As our security environment is deteriorating, we need to spend more on and pay more attention to defense and preparedness,” said Trygve Slagsvold Vedum, the country’s minister of finance. Under the Norwegian government’s long-term defense plan, about $60 billion will be invested over...
Post
Tetra Tech to Assist Ukrainian Government Under $438.7M SPARC Contract
The U.S. Agency for International Development has awarded Tetra Tech a potential $438.7 million contract to support the government of Ukraine. Under the five-year deal, the California-based company will provide Kyiv with strategic technical and procurement assistance to build the reliability and resilience of the European nation’s electricity, natural gas and district heating sectors. USAID’s Securing Power,...
Post
BAE Systems Selects Airspeed to Supply Critical Component for Hunter-Class Frigate
BAE Systems has selected South Australian company Airspeed to supply a critical component of the U.K. Royal Navy’ Hunter-class frigates. Under the subcontract, Airspeed, provider of composite materials for the aerospace, maritime and energy sectors, will build the replenishment at sea stump masts for the first batch of the upcoming frigates. The stump masts enable the...
Post
Raytheon Appoints Doug Stevenson as Europe/NATO Requirements, Capabilities VP
RTX business Raytheon has promoted Doug Stevenson to vice president for Europe and NATO requirements and capabilities. His responsibilities include facilitating business development and growth across Raytheon’s mission areas in the region; leading a team managing customer engagements and relationships with senior government and military leaders, U.S. European Command, and NATO headquarters and its agencies;...
Post
Italian Navy Replaces US as Head of International Red Sea Task Force
The Italian Navy has assumed command of Combined Task Force 153, taking over from the U.S. Navy. Italy’s Capt. Roberto Messina formally replaced his American counterpart, Capt. David Cole, during a change of command ceremony at the Combined Maritime Forces headquarters in Manama, Bahrain, on Wednesday. In his address at the event, Messina said he...
Post
NATO Adopts Dataminr’s AI-Powered Breaking News Platform; Ted Bailey Quoted
Dataminr is providing its First Alert artificial intelligence platform to NATO. “We are thrilled to expand our partnership with NATO and to support their critical global mission,” said Ted Bailey, founder and CEO of the New York-based technology company. First Alert is Dataminr’s product for the public sector. It collects and analyzes publicly available information worldwide to deliver...
Post
Thales Launches New AI Accelerator for Defense
Thales has launched a new initiative to accelerate the development of artificial intelligence for aircraft, armed forces and critical infrastructures. The new cortAIx is an accelerator that brings together experts from industry and academia. The accelerator has three core elements: the cortAIx Lab, cortAIx Factory and cortAIx Sensors. According to Thales, cortAIx Lab is the...
Post
US, 4 Other Countries to Lead Work on Global Military AI Guardrails
The United States, Canada, Portugal, Bahrain and Austria will spearhead a one-year program to seek new safety standards for military use of artificial intelligence and automated systems. Breaking Defense reported that the countries were chosen during the inaugural plenary meeting of delegates from 46 out of the 53 countries that endorsed the U.S. Political Declaration...