Warburg Pincus, the pioneer of private equity global growth investing, has launched a European defense investment initiative. What Is the Focus of the New Investment Platform? The initiative seeks to deploy capital into defense, security and strategic resilience businesses throughout Europe, Warburg Pincus said Friday. As regional governments accelerate spending on sovereign capabilities, the platform aims...
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Category: General News
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Hanwha Aerospace, Indra Group Team Up to Offer Tigon Armored Vehicles to Chilean Military
Hanwha Aerospace, a subsidiary of South Korea’s Hanwha Group, has signed a memorandum of understanding with Spain’s Indra Group to jointly pursue armored vehicles for the Chilean military. Under the MOU, the companies will also cooperate to expand presence in Latin America, Hanwha Aerospace said Friday. “Indra has defense electronics capabilities and a track record...
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US, North Macedonia Expand Cooperation in Energy, Defense, Cybersecurity
The United States is strengthening its bilateral ties in the areas of energy, defense, cybersecurity and economic growth. The Department of State said Wednesday that the two nations held their second strategic dialogue in Washington to advance shared goals. Top defense leaders will explore government data as a primary attack surface in international conflict at...
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Elbit Systems Secures $750M Contract to Supply PULS Rocket Systems to Greece
Elbit Systems has received a $750 million contract to provide Precise and Universal Launching System, or PULS, to the Hellenic Armed Forces under a government-to-government agreement between Israel and Greece. What Does the PULS Contract Cover? The global defense technology company said Monday the four-year agreement includes delivery of PULS launchers along with a package of...
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Redwire Opens UK Office to Strengthen Ministry of Defence Programs
Redwire has opened a new office in the U.K. to support existing and future programs managed by the Ministry of Defence, or MOD. What Will the UK Office Support? The aerospace and defense technology company said Tuesday the new location will provide engineering, program management, logistics and sustainment capabilities to support MOD initiatives. With the expanded...
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Israel Expands Arrow Production to Support Wartime Readiness
Israel’s Ministry of Defense has approved a plan to significantly accelerate production of Arrow interceptors as the country expands defense manufacturing capacity amid a prolonged multi-front conflict. The decision, cleared by the Ministerial Committee for Procurement, enables Israel Aerospace Industries to increase both production rates and stockpiles of the Arrow system to sustain operational readiness...
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Hanwha’s Alex Wong Calls for Deeper US-South Korea Cooperation to Strengthen Industrial Resilience
Alex Wong, president and global chief strategy officer at Hanwha Group, said the United States and South Korea have an opportunity to evolve their alliance from the traditional national security and military-focused partnership to one that is built on shared technologies and supports industrial resilience. Wong, previously served in the White House as principal deputy...
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CAE Deploys Prodigy Image Generator on German, Austrian Military Simulators
CAE has deployed its Prodigy image generator on military flight simulators for the German and Austrian armed forces. The company said Tuesday the system has been accepted for use on CH-53GS helicopter simulators in Germany and on a Eurofighter training device in Austria. What Capabilities Does CAE Prodigy Deliver? CAE Prodigy is designed to bridge...
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Microsoft to Invest $1B in Thailand Cloud & AI Infrastructure
Microsoft has unveiled plans to invest more than $1 billion in cloud and artificial intelligence infrastructure and operations across Thailand from 2026 to 2028. What Is Included in the Investment? The company said Tuesday the investment, announced after a meeting between Microsoft Vice Chair and President Brad Smith and Prime Minister Anutin Charnvirakul, expands its partnership with...
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Scottish Satellites Launch on SpaceX Mission to Demonstrate In-Orbit Manufacturing, Laser Comms
Three satellites built by Scottish space companies have launched aboard SpaceX’s Transporter-16 rideshare mission, marking a key step in the United Kingdom’s push to lead next-generation satellite communications, including through laser-based data links and scalable in-orbit small satellite manufacturing. The space assets, developed by Glasgow-based Spire Global and AAC Clyde Space, are backed by UK...