Northrop Grumman has partnered with Rohde & Schwarz, a Germany-based electronics company specializing in electronic test equipment, to provide resilient communications systems across Europe. The companies signed a memorandum of understanding to collaborate at the Berlin Security Conference held in Germany on Monday. “Working together with German industry underscores the importance of rapidly developing solutions that...
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Category: General News
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SIPRI: US Remains World’s Top Arms Supplier, But Production Issues Cut Revenues
The United States continued to dominate the list of the world’s top 100 arms and military services companies, accounting for 51 percent of the sector’s $597 billion revenue in 2022. According to new data from the Stockholm International Peace Research Institute, the 42 U.S. defense companies on the list saw supply chain, labor shortage and...
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Diehl Lands $650M Latvia Order to Provide Air Defense Missile System
Latvia’s Ministry of Defence has awarded Diehl Defence a $649.7 million purchase order to acquire the IRIS-T SLM medium-range air defense system from the German manufacturer. A framework agreement signed by Latvia and Estonia with Diehl Defence in September supports the arms procurement, the company said. Under the deal, Latvia will also receive the equipment...
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Nive Bhagat to Replace Carole Ferrand as Capgemini Group Chief Financial Officer
Capgemini, a digital transformation and technology services headquartered in Paris, France, has named Nive Bhagat as group chief financial officer and group executive board member. Bhagat replaces Carole Ferrand, who has served in the CFO capacity since 2018. Ferrand will facilitate the transition of her responsibilities to her successor in the next couple of weeks...
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Thales Acquires California-Based Cybersecurity Company Imperva for $3.6B
Thales has completed the acquisition of Imperva, a California-based cybersecurity company, for approximately $3.6 billion. The French aerospace, defense and security company reached an agreement to make the purchase from software investment firm Thoma Bravo in July, a transaction that was initially expected to end in the first quarter of 2024. The addition of Imperva expands Thales’ cybersecurity portfolio....
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Google Digital Futures Project to Promote Best AI Deployment in Europe
Google has launched the Digital Futures Project to support its objective of deploying the best artificial intelligence technologies in Europe. According to Kent Walker, president of global affairs at Google, the project underscores the company’s conviction that Europe has a big role to play in advancing the future of AI. Delivering his speech at the...
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Oshkosh Defense Receives Orders to Provide Israel With Joint Light Tactical Vehicles
The Israeli Ministry of Defense has chosen Oshkosh Defense to provide the Israeli Defense Forces with Joint Light Tactical Vehicles. Oshkosh Defense President Tim Bleck said the award will support the IDF with a fleet of protected and mobile JLTVs. Under the agreement, the ministry purchased 75 Oskosh JLTVs through Foreign Military Sales and dozens...
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US Issues New Sanctions on Entities Associated With North Korea
The Department of the Treasury has issued new sanctions against foreign-based agents of North Korea, officially the Democratic People’s Republic of Korea. According to the Treasury’s Office of Foreign Assets Control, Green Pine is responsible for about half of the North’s arms and related materiel exports. Green Pine is controlled by the DPRK’s Reconnaissance General Bureau. It...
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QinetiQ in Exploratory Talks to Support South Korean Aircraft Programs
QinetiQ is in exploratory discussions to explore new opportunities in the Korea Aerospace Industries’ aircraft program such as developing advanced data processing methods. QinetiQ said the collaborative effort will also study the application of its testing, trials, training and evaluation expertise to support the aerospace and defense company’s projects. According to KAI President Kang Goo-young,...
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44 Companies to Develop Tech Solutions for NATO’s Identified Challenges
NATO’s Defence Innovation Accelerator for the North Atlantic has selected 44 companies to develop technology solutions that will help the security alliance address challenges on energy resilience, undersea sensing and surveillance, and secure information sharing. Following its Thursday announcement, the organization also called for mentors and experts to guide the first batch of innovators and...