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...
Category: Investment Security
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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,...
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Airbus, Eutelsat to Expand OneWeb Constellation Amid Growing Demand
European aerospace firm Airbus Defence and Space will continue working with French satellite operator Eutelsat on the OneWeb low Earth orbit constellation, extending its capacity amid growing demand. The two companies formalized the collaboration with a new contract, under which Airbus will deliver the first batch of an additional 100 satellites for the extended constellation...
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Estonian Missile Manufacturer Eyes $52M London R&D Unit
Frankenburg Technologies, an Estonian manufacturer of low-cost air defense missiles, is planning to invest $52 million to establish a new facility in London for research and development of low-cost rocket motors, the U.K. government announced Tuesday. British Prime Minister Keir Starmer called the company’s plan “a vote of confidence” in the United Kingdom and his...
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BlackBerry to Sell Endpoint Security Assets to Arctic Wolf
Canadian security software and services company BlackBerry is set to sell its Cylance assets to Arctic Wolf under a definitive agreement with the artificial intelligence-powered security solutions provider. Cylance, winner of Gartner Peer Insights 2024 Customers’ Choice for endpoint protection platforms, is powered by advanced generative AI to provide real-time threat detection and prevention capabilities....