Canada has announced the first project under its new BOREALIS national defense innovation framework, establishing a secure maritime technology hub in Halifax to drive research in autonomous systems, undersea sensing and artificial intelligence-enabled analytics. Why Is Canada Prioritizing Maritime Innovation? According to the Canadian Department of National Defence, the government will invest $20.8 million to...
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Category: Investment Security
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Seekr, Fossefall Partner to Develop Clean-Energy AI Infrastructure Across Europe
Seekr Technologies, a U.S.-based artificial intelligence company, and Fossefall, a Norwegian AI infrastructure developer, have formalized a multi-year agreement designed to deliver a complete, clean-energy enterprise AI value chain to the European market. “The structure of our agreement with Fossefall, both as an investor and customer, allows us to meet the insatiable demand for accurate,...
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Kratos to Acquire Orbit Technologies for $356M
Kratos Defense & Security Solutions, an American defense technology firm, is set to acquire Israel-based Orbit Technologies for $356.3 million. Kratos said it signed a definitive agreement, under which it will purchase all ordinary shares of Orbit with cash on its balance sheet. The deal is expected to close by the end of March 2026,...
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AIRO, Bullet Form Joint Venture to Expand Drone Production in US, Ukraine
AIRO Group Holdings and Ukrainian defense company Bullet have signed a Letter of Intent to establish a joint venture dedicated to producing fixed-wing unmanned aerial vehicle technologies. The companies will have a 50-50 ownership of the joint venture, which is intended to expand production for high-speed interceptor drones in the United States and Ukraine, AIRO...
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L3Harris, IAI Team on Israeli Light-Attack Aircraft Program
L3Harris Technologies has signed a memorandum of understanding with Israel Aerospace Industries to jointly pursue Israel’s light-attack aircraft program using the Sky Warden platform. The companies said Wednesday that the collaboration will deliver a new variant called Blue Sky Warden, tailored to meet requirements of the Israeli Ministry of Defense and Air Force. IAI will...
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Ericsson Expands Canadian Footprint With $3B EDC Partnership in Next-Gen Tech
Ericsson has entered into a $3 billion partnership with Export Development Canada to accelerate investment in 5G, 6G and quantum technologies. The three-year agreement will provide financial and insurance support to expand Ericsson’s Canadian-led innovation and global projects, according to a Wednesday announcement from Canada’s export credit agency. The partnership is intended to deepen Ericsson’s...
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Germany Orders $8.1B Armored Vehicles From General Dynamics, Rheinmetall
Germany is preparing to acquire 424 wheeled armored vehicles for the Bundeswehr in a procurement valued at about $8.1 billion, based on finance ministry documents cited by Reuters. The Bundestag’s budget committee is expected to review and approve the package in the coming days. The acquisition will be split into two major contracts. Reuters reported...
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Italy Approves $52.4B Defense Budget, Meeting NATO’s 2% Spending Target
Italy has approved $52.4 billion in total defense expenditures for 2025, setting the stage for new contract opportunities as Rome accelerates modernization and procurement investments. The Ministry of Defence’s long-awaited budget shows a 7.2 percent increase from 2024’s allocation of just over $33.5 billion, with spending levels expected to hold steady through 2027. The higher...
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BAE, PragoData Partner to Advance Czech Military Readiness
BAE Systems has partnered with Czech IT company PragoData to strengthen integrated product support capabilities in the Czech Republic’s defense sector. BAE said the collaboration, combining its global expertise in integrated product support with PragoData’s local consulting experience, will aim to modernize Czechia’s defense support infrastructure and improve operational efficiency across its armed forces. Under...
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Hensoldt Scales Up: New Site to Accelerate Air Defense Radar Deliveries
German sensor solutions company Hensoldt is set to build a production site near Ulm to accelerate its delivery of air and drone defense radars amid rising demand from customers. The company said it has signed a lease for an external industrial hall that will be converted into a dedicated radar manufacturing facility and will invest a...