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Category: FOCI

ST Engineering Names Jeffrey Lam as Group COO
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ST Engineering Names Jeffrey Lam as Group COO

ST Engineering has appointed Jeffrey Lam as group chief operating officer. As group COO, Lam will enhance operational and cost efficiencies, ensure workplace safety and promote synergistic collaboration in the company. Lam will perform the responsibilities associated with his new role in addition to the existing work he has been doing as president of the...

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Elbit Systems Books $50M Deal to Provide International Customer With Red Sky Air Defense System; Yehuda Vered Quoted

Elbit Systems has secured a $50 million contract to equip an unnamed international customer with its Red Sky air defense system. Under the two-year agreement, the Israeli company will deliver two Red Sky batteries to enhance the client’s soft- and hard-kill defense capabilities. Elbit said the system offers protection against low-altitude aerial threats at an...

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QinetiQ Test Pairs Crewed Aircraft with Autonomous Jet Drone in First UK Demo; Alan Hart Quoted

Defense technology company QinetiQ said it has completed the first demonstration in the United Kingdom of a team-up between a manned jet plane and an autonomous jet drone. The test involved a QinetiQ jet aircraft, which flew from the U.K. Ministry of Defence’s Boscombe Down site in Salisbury, and a modified Banshee Jet 80 drone...

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Saab Seals Swedish Government Deal to Advance Development of Gripen Fighter; Lars Tossman Quoted

Saab will continue working with the Swedish government to further develop the Gripen aircraft for the country’s military needs. The aerospace company secured a $49.8 million order from the Swedish Defence Materiel Administration to advance the platform’s capabilities. The agreement will benefit both the Swedish Armed Forces and international users of the fighter jet, Saab...

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UK MoD Orders Six More H145 Helicopters From Airbus; Lenny Brown Quoted

The United Kingdom is adding six additional units of the H145 helicopter to its original order from Airbus. According to the aircraft maker, the British Ministry of Defence will deploy the choppers to replace the Airbus Pumas used for emergency response and military training activities carried out by British forces in Cyprus and Brunei. Lenny...

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QinetiQ Appoints Former BAE Systems Exec Martin Cooper as Group CFO

QinetiQ has named Martin Cooper as the new group chief financial officer, replacing Carol Borg, who stepped down on Tuesday. Cooper, who has nearly three decades of finance leadership experience, will also join the company’s board by October. He assumed the group CFO role after holding various positions at BAE Systems, including as U.K. and...

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US Grants Samsung $6.4B to Manufacture Semiconductors in Central Texas

The United States government is awarding up to $6.4 billion in direct funding to Samsung. On Monday, U.S. Secretary of Commerce Gina Raimondo visited the company’s new semiconductor manufacturing facility in Taylor, Texas, where she announced the investment. “We’re saying for the first time ever, Samsung can conduct in the United States of America core...

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UK Accelerates Development of DragonFire Laser Weapon for Royal Navy

The United Kingdom is accelerating the delivery timeline of its DragonFire lasers. Grant Shapps, British defense secretary, says speeding up the program is a response to the “rapidly changing threat environment” in the region. The DragonFire laser was initially scheduled to be rolled out by 2032. With the new timetable, the weapon system will be installed...

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Nokia CSTO Nishant Batra Joins Quad Investors Network’s Advisory Board; Karl Mehta Quoted

Nishant Batra, Nokia’s chief strategy and technology officer, has been named a member of the advisory board of the Quad Investors Network composed of tech industry leaders and innovators in the United States, Japan, Australia and India. America’s Frontier Fund, a nonprofit deep-tech investment fund based in Arlington, Virginia, organized QUIN in May 2022 and...

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Saab Appoints Mikael Adelsberg as Chief Digital Officer, Digitalization Group Head

Saab has named Mikael Adelsberg as chief digital officer and head of the Digitalization group, effective Oct. 1. The group was newly created as part of the company’s initiatives to keep pace with the growing demand for Saab products amid the ongoing geopolitical tensions around the world. In his new role, Adelsberg will initially focus...

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