The British Ministry of Defence has launched a $27.6 million fund to help small British startups enter the defense sector as the government seeks to expand access to contracts and accelerate the adoption of new technologies for the U.K. Armed Forces. The U.K. government said Wednesday that the program is seeking the “next defense unicorn”...
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Category: Investment Security
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Australia Awards $12M in Defense Industry Grants to Boost Sovereign Manufacturing
The Australian government has awarded more than $11.6 million to 44 domestic companies as Canberra continues to invest in local manufacturing capacity tied to priority defense and AUKUS-related programs. How Much Funding Was Awarded Under the DIDG? The funding was distributed through the Defence Industry Development Grants program, which supports Australian defense suppliers across four...
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European Commission Endorses Initial $44B in SAFE Defense Financing for Eight Countries
The European Commission has approved the first set of national defense investment plans under the Security Action for Europe, or SAFE, clearing the way for initial loan disbursements aimed at accelerating military readiness across the bloc. The commission said Thursday that it has submitted a proposal to the European Council to authorize financial assistance for...
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CGI Acquires Comarch Polska to Expand Public Sector Footprint in Poland
CGI has completed its acquisition of Comarch Polska, a Polish software and IT services company, bringing more than 460 IT and business consulting professionals into CGI’s operations in Poland. CGI said Monday that the transaction expands its presence in the country and the Baltic states, increasing the company’s regional workforce to approximately 1,500 employees and...
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Canada to Establish Maritime Innovation Hub Under BOREALIS Initiative
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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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...