France has received $112.6 billion worth of investments for its artificial intelligence sector, CNBC reported ahead of the two-day Paris AI Action Summit. According to the report, the investments are expected to come from United Arab Emirates, U.S. and Canadian investment funds, and commitments from French firms, such as telecommunication company Orange and global technology...
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Category: Europe
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Airbus to Develop New ISR Satellites for UK Defense
Airbus has secured a $157.2 million contract with the U.K. Ministry of Defence to design and build two synthetic aperture radar satellites. According to Airbus, the satellite system, to be called Oberon, will provide British and allied forces with day-and-night, all-weather intelligence, surveillance and reconnaissance capabilities, as well as ultra-high-resolution images. Airbus will design, build...
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Elbit Systems Secures $100M in Contracts for European Joint Digital Fires Command Center
Elbit Systems has secured contracts worth approximately $100 million to set up a Joint National Digital Fires Command Center for an unnamed European customer. Under this deal, the Israeli manufacturer will integrate the country’s strategic and tactical firing platforms into a centralized command system. According to Elbit, JNDFC is designed to enhance real-time command capabilities...
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Belgium Unveils Plan to Meet NATO Defense Spending Requirement by 2029
Belgian Defence and Foreign Trade Minister Theo Francken announced that the national government will develop a new investment plan to increase Belgium’s defense budget allocation to meet NATO spending requirements by 2029. Speaking to ambassadors on Friday, Francken said the plan, which includes establishing a Defence Fund, marks the beginning of Prime Minister Bart De Wever’s...
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Justin Hotard to Take Over as Nokia President, CEO
Finnish telecommunications company Nokia has named Justin Hotard as president and CEO, effective April 1. Hotard brings 25 years of experience driving innovation, delivering revenue growth and leading technology. He will be joining the company from Intel, where he is currently executive vice president and general manager of Data Center & Artificial Intelligence. Before joining...
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Denmark Selects AeroVironment’s JUMP 20 for Tactical Drone Program
Denmark’s Defence Acquisition and Logistics Organisation has awarded AeroVironment subsidiary Arcturus UAV a contract worth up to $181 million for its JUMP 20 medium uncrewed aircraft systems. AV said the award is part of the country’s 10-year program to enhance the Danish Army’s intelligence, surveillance and reconnaissance capabilities. The JUMP 20 vertical takeoff and landing...
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France Delivers First Batch of Fighter Jets to Ukraine
France has delivered the initial batch of its promised Mirage 2000 fighter jets to Ukraine, expanding Kyiv’s defense capabilities in its war with Russia. French Armed Forces Minister Sebastien Lecornu confirmed the delivery of three aircraft via a post on the social platform X on Thursday. French President Emmanuel Macron disclosed the government’s plans to...
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Hensoldt Secures Over $1.4B in Orders in Latest Quarter Report
Hensoldt announced that it has received orders totaling $1.45 billion between October 2024 and January 2025. Chief Financial Officer Christian Ladurner noted that the high number of orders is typical for the defense industry at the beginning of the year. He anticipates continued strong growth in the sensor solutions and electronic systems markets. The military...
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UK Government Seeks AI Growth Zones to Drive Investment, Innovation
The U.K. government has launched efforts to establish artificial intelligence growth zones nationwide to accelerate AI infrastructure development and attract private investment. Local and regional authorities are encouraged to propose sites, particularly in deindustrialized areas, with existing power access or potential for major energy infrastructure. Ideal locations include sites with at least 500 megawatts of...
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Report: Amazon’s Kuiper to Undertake Study on UK Advanced Communications Systems
The U.K. Ministry of Defence has awarded Amazon a contract worth $830,000 to provide consultancy services on advanced space-based communication systems, The Telegraph reported Sunday. The agreement requires Amazon to explore the potential use of its Project Kuiper satellites to create a new communication network among military, government and commercial spacecraft. The initiative, considered Amazon’s first...