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Category: Investment Security

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Saab Expands EW Sensor Manufacturing Capability, Finland Presence With New Factory

Swedish defense firm Saab has inaugurated a new factory in Finland to mass-produce the Sirius Compact passive electronic warfare sensor. The facility has started large-batch manufacturing of the EW component, with customer deliveries expected to start within April. “Our product-focused research and development work enables efficient production and a product-driven business model. This enables fast...

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CFIUS Approves Cerebras Systems Shares Sale to UAE-Based AI Firm G42

Cerebras Systems, an American artificial intelligence chip developer, has received clearance from the Committee on Foreign Investment in the United States to sell shares to Group 42, Cerebras CEO and founder Andrew Feldman said. G42 is a Microsoft-backed AI company based in the United Arab Emirates. “We thank @POTUS for making America the best place...

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Brian Senior, Gretta Svendsen Join SAP Australia and New Zealand’s Leadership Team

Brian Senior and Gretta Svendsen have joined enterprise resource planning software provider SAP’s Australia and New Zealand leadership team. Senior is joining SAP ANZ as executive general manager for its Federal Government business. He has over two decades of experience in sovereign hyperscale cloud solutions across federal, state and education sectors. In the new role,...

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Databricks Upskills Australian State Workforce in AI

Databricks, a data and artificial intelligence company, has created a set of programs to upskill workers in Australia’s state government agencies amid the increasing adoption of AI-powered tools in the region. The programs will benefit more than 100 workers in Queensland and New South Wales, who will receive Databricks certification and accreditation after completing the...

Tetra Tech Expands Ireland Presence With Consultancy Acquisition
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Tetra Tech Expands Ireland Presence With Consultancy Acquisition

High-end consulting and engineering services provider Tetra Tech has completed its acquisition of Carron + Walsh, an Irish management consulting firm. Tetra Tech Chairman and CEO Dan Batrack said the deal expands his company’s customer network and cross-selling opportunities to clients based in Ireland. “[Carron + Walsh’s] innovation in project delivery directly aligns with our...

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GE Aerospace to Expand European Manufacturing With $84M Investment

GE Aerospace will invest over $84.1 million in its European manufacturing sites in 2025, aiming to boost capacity and expand facilities for commercial and defense customers. According to the Ohio-based manufacturer, the funds will primarily be used to create additional engine test cells, acquire new equipment and implement advanced technologies to support the production of...

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Lockheed Martin Australia Builds Warehouse to Support Black Hawk

Lockheed Martin Australia has opened a custom-fit logistics warehouse to serve Australia’s UH-60M Black Hawk fleet. The new facility created 30 new warehousing and logistics jobs for people living in and around Sydney, New South Wales. Located near the Australian Army’s Holsworthy Base in Holsworthy, the facility will have 4,500 square meters of space, accommodating...

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Airbus to Deliver 4 H145s to New Zealand Air Ambulance Provider

Airbus has received an order from New Zealand’s Search and Rescue Services Ltd for four H145 helicopters. The order is part of SRSL parent Central Air Ambulance Rescue Ltd’s expansion of its emergency medical services operations. The new units will join the air emergency services’ fleet of H145 and BK117 aircraft. SRSL, as the operational...

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Booz Allen Hamilton Partners With Singapore’s HTX on Technology Projects

HTX, the science and technology arm of Singapore’s Ministry of Home Affairs, is enhancing its Home Team’s capabilities under a memorandum of understanding with Booz Allen Hamilton. The agency said the focus areas for collaboration under the MOU signed last week cover cybersecurity, firefighting and forensic investigations. Key Partnership Objectives Five key goals were defined...

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EDGE-CMN Joint Venture to Build Small, Midsize Vessels

Advanced technology and defense firm EDGE Group, based in the United Arab Emirates, and French shipbuilder CMN NAVAL are set to form a joint venture to produce high-value small to mid-size naval vessels, such as corvettes, offshore patrol vehicles, and high-speed interceptors. The business arrangement, AD NAVAL, will be based in Abu Dhabi. According to EDGE,...

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