The U.S. Department of the Treasury’s Office of Foreign Assets Control has sanctioned the International Bank of Yemen and three of its top executives for providing financial support to the Iran-aligned Houthis, also known as Ansarallah. The sanctioned individuals are Kamal Hussain Al Jebry, chairman of the board; Ahmed Thabit Noman Al-Absi, executive general manager;...
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NATO Completes Historic Ordnance Disposal Operation in Baltic Sea
Standing NATO Mine Countermeasures Group 1, a multinational immediate reaction force, has completed a historical ordnance disposal operation, also known as HODOPS, in the Bay of Riga, neutralizing nine pieces of unexploded ordnance dating back to World War I and II. According to the NATO Allied Maritime Command, every ship within the multinational group contributed...
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ST Engineering Names New Group COO, Public Security President
At GovConExec, we dive headfirst into the world of government contracts, featuring influential executives who run successful corporations and providing in-depth analysis on acquisitions, innovation, technology, and more. While our focus is on uncovering the dynamics of the contracting landscape, we recognize the importance of exposing companies to the broader world of money technology. A...
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Think Tank Urges Rethink of Australian Defense Strategy Amid Shifting Dynamics With Key Ally, the US
A new report from the think tank Strategic Analysis Australia examines how Australia must reassess its defense policies due to an increasingly demanding United States, a key ally. Titled “Defence 2025: Dollars and Decisions,” the five-chapter report, released Thursday, analyzes Canberra’s $38 billion annual defense budget. It begins by questioning how Australia can operate strategically...
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RAAF Tests Curtiss-Wright’s Next-Gen Aircraft Recovery System
The Royal Australian Air Force has tested the capabilities of Curtiss-Wright’s ESCO mobile aircraft arresting systems, or MAAS, designed as a deployable tool for aircraft recovery in any landing zone. Curtiss-Wright’s EMS Division engineered MAAS with new 12-rotor BAK-12 energy absorbers “to meet the challenges of today’s advanced military aircraft,” Dave Micha, the division’s senior...
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Greece Eyes Fourth Frigate From France After Missile Purchase
Greece’s negotiations with France are advancing on Athens’ planned purchase of an additional fourth Belharra-class frigate developed by Naval Group. Greek National Defence Minister Nikos Dendias disclosed the talks on the warship following his signing of an agreement with his visiting French counterpart, Sébastien Lecornu, on Monday to purchase 18 French Exocet missiles. Weapons Procurement...
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IonQ, Intellian Partner to Explore Quantum-Secure Satellite Communications in South Korea
American quantum computing hardware and software company IonQ has signed a memorandum of understanding with South Korean manufacturer Intellian Technologies to explore how quantum networking can enhance the security of satellite communications. IonQ said the agreement aligns with its ongoing efforts to support Seoul’s quantum economy through partnerships across government, academia and industry. According to...
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Emergent Swarm Solutions, Saluqi Motors to Receive GA-ASI Investment
General Atomics Aeronautical Systems Inc. is set to invest in Emergent Swarm Solutions and Saluqi Motors, two companies that pitched their innovative concepts at the inaugural Blue Magic Netherlands event. GA-ASI designed the event to foster innovation in the Netherlands’ industrial ecosystem. Emergent, .a robotics engineering firm focused on producing software for autonomous flight and...
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Hanwha-WB Group Forms JV to Produce Missiles for Multiple Rocket Launcher
South Korean defense company Hanwha Aerospace and Polish electronics and aeronautics manufacturer WB Group have established a Poland-based joint venture to produce CGR-080 missiles for the Chunmoo multiple rocket launch system. The Chunmoo launcher vehicle is equipped with a carrier capable of carrying up to six 239 mm guided missiles. Each guided missile has a...
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Philippines to Buy Leonardo Training Helicopters Under $120M Deal
AgustaWestland Philadelphia, a U.S. subsidiary of Italian defense company Leonardo, will be the principal contractor of a potential $120 million foreign military sale of TH-73A training helicopters to the Philippines. The Defense Security Cooperation Agency, which notified Congress of the Department of State’s FMS approval on Tuesday, said other items covered in the FMS include...