Starlab Space has officially launched Starlab Space GmbH, its first overseas subsidiary. The new subsidiary aims to showcase the company’s capabilities, foster global cooperation and expand research collaborations in the commercial low Earth orbit segment. Manfred Jaumann has been nominated as the subsidiary’s managing director. The U.S.-based commercial space station company co-owns the European subsidiary...
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Category: Investment Security
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British Prime Minister Endorses Action Plan to Attract AI Investments
British Prime Minister Keir Starmer has endorsed the AI Opportunities Action Plan, an initiative to make the United Kingdom a prime destination for companies involved in artificial intelligence research and development. The plan reflects Starmer’s vision for the U.K. to achieve global leadership in AI by transforming the government’s approach to technology. Key components of the initiative...
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Mark Lancaster to Continue Serving as UK Defence and Security Advocate
Mark Lancaster has been reappointed as the United Kingdom’s defence and security advocate, a role focused on promoting the success of domestic defense and security exports. His second term will last until March 2026. Jonathan Reynolds, the secretary of state for business and trade, first appointed Lancaster to the position in January 2023. The responsibilities...
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Rheinmetall Forms JV for New Ammunition Plant in Lithuania
Rheinmetall has formed a joint venture with Lithuanian investment firm EPSO-G Invest and ammunition factory Giraites ginkluotes gamykla to establish ammunition manufacturing capability in Lithuania. Armin Papperger, chairman of the Rheinmetall executive board, said partnering with two local businesses marks a milestone in the plan to build an artillery plant in Baisogala eldership. The German...
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BAE Systems Subsidiary Partners With Rheinmetall to Advance Simulation Technologies
BAE Systems subsidiary Bohemia Interactive Simulations has partnered with Rheinmetall to develop advanced simulation technologies for the defense industry. Their collaboration will initially focus on the Heavy Weapons Carrier project, where BISim will use its VBS4 and Blue IG software products to create a modern combat training solution for the German Army’s Medium Forces. BISim’s...
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Lynx Tests to Advance Rheinmetall’s Italian Fighting Vehicle Contract
Italian Army engineers, in collaboration with the defense company Leonardo, will conduct a series of tests on a Lynx infantry fighting vehicle provided by Germany’s Rheinmetall. The testing is part of preparations for a potential supply contract valued at $521 million. The first delivery of these IFVs is expected by mid-2025. Defense News reported that the...
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Woodward to Acquire Safran’s North America Electromechanical Actuation Business
Woodward, a U.S.-based aerospace and industrial energy control solutions company, is set to acquire Safran Electronics & Defense’s North American electromechanical actuation businesses. The deal is expected to close by mid-2025 and includes purchasing intellectual property, operations assets, talent and long-term customer agreements for Horizontal Stabilizer Trim Actuation systems. The acquisition will enhance Woodward’s offerings for next-generation...
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Embraer Expands in Europe With Launch of Portuguese Subsidiary
Brazilian aerospace firm Embraer has expanded its presence in the European defense sector with a new office in Lisbon, Portugal. Embraer Defense Europe, the new subsidiary, will cater to the unique requirements of the European Union and NATO, spearheading the company’s business transactions in the region through a team of defense industry experts specializing in...
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Canada to Spend $900M in New Border Control Measures
The Canadian government is strengthening the country’s border security and immigration system through a five-pronged plan that includes an investment support of about $903 million. According to Ottawa’s announcement on Tuesday, one of the border plan’s cornerstones is strengthening the operational coordination between Canadian and U.S. authorities for stronger immigration monitoring and enforcement measures. Toward...
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Leonardo DRS Names New VP of Special Projects, UK Business Lead
Leonardo DRS has named Peter Hurst as vice president of special projects and United Kingdom business lead for the defense technology manufacturer. Hurst, who announced the appointment via a LinkedIn post on Wednesday, recently served as the company’s VP for international projects and business strategy. He led the firm’s Land Electronics division, managing business contracts,...