The United States is confident that Canada’s upcoming defense policy update will increase military spending to boost capabilities and meet its responsibilities as part of NATO. David Cohen, the U.S. ambassador to Canada, shared in a recent interview that sources from Ottawa made assurances that the policy change will address concerns among military officials over...
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US Approves Proposed $59M Sale of Tactical Missiles to Japan
The Department of State has approved a proposed $59 million foreign military sale of AIM-9X Sidewinder Block II tactical missiles to Japan. According to the Defense Security Cooperation Agency, Tokyo wants to purchase 44 AIM-9X Sidewinder Block IIs and 29 AIM-9X Sidewinder captive air training missiles. The deal also involves providing Japan with missile containers,...
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NATO Increases Military Budget to $2.2B to Better Address Security Challenges
NATO has announced a 12 percent increase in its 2024 military spending, setting a budget of $2.2 billion to support defense operations across the globe. NATO member states also agreed to allocate $480.1 million for the alliance’s civil budget next year, providing for an 18.2 percent hike to cover personnel, operating costs and program expenditures...
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Jacobs Books Three-Year Contract to Support France’s Nuclear Power Reactor Development
Jacobs Solutions has received a contract to support a French startup project to develop an innovative nuclear power reactor. Under the three-year agreement, the U.S.-based company will deliver the necessary services to ensure that Naarea can safely advance its XAMR nuclear micro-generator technology. According to Jacobs, it will provide nuclear safety and engineering support for...
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UK Strengthens Sanctions Enforcement Against Russia by Establishing New Office
The United Kingdom is establishing a government organization dedicated to monitoring and strengthening the enforcement of trade sanctions on Russia. Nusrat Ghani, industry and economic security minister, recently announced the creation of the Office of Trade Sanctions Implementation. The OTSI will be responsible for ensuring that companies in the U.K. are adhering to trade sanctions,...
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L3Harris Works With Voyis, Wavefront Systems to Deliver Enhanced AUV Capabilities
L3Harris Technologies has collaborated with Voyis Imaging and Wavefront Systems to enhance the capabilities of autonomous underwater vehicles that will be delivered to the naval forces of a NATO member state. Under the partnership, L3Harris integrated a combined payload of the Voyis Recon LS and the Wavefront Solstice 3000 multiple-aperture sonar into its Iver4 900...
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IBM to Provide NATO With Enhanced Cybersecurity Visibility, Asset Management Capability
IBM has secured a contract from the NATO Communications and Information Agency to strengthen the cyber resilience of the alliance’s enterprise networks. Under the agreement, a customized asset, configuration, patching and vulnerability management service will be developed and delivered to the organization starting in January 2024, according to IBM. IBM Consulting Chief Operating Officer Mohamad...
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Austria Acquires $570M Worth of Rheinmetall Skyguard Tactical Units to Strengthen Air Defense
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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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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GM Defense, Jankel to Provide International Customers With Modern Mobility Platforms
GM Defense has partnered with United Kingdom-based Jankel to provide defense, government and civilian customers with enhanced mobility solutions. Under a memorandum of understanding signed by the two parties, GM and Jankel will modernize the mobility platforms of military customers in the United States, the U.K., Europe and select locations across the globe. According to...