Lockheed Martin has named Dennis Goege as vice president and chief executive for Europe, effective Oct. 1. Goege, who succeeds Jonathan Hoyle, joined the company in 2020 and has since been helping with initiatives aimed at growing Lockheed's air, land, naval and space offerings. Also taking on new roles are Emanuele Serafini, who will report to Goege as VP and regional executive for west Europe, and Paul Livingstone, incumbent VP and chief executive at Lockheed Martin UK, who will expand his responsibilities to cover NATO transactions.
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Category: Investment Security
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Joint G7 Guidance Seeks to Foil Russian Evasion Tactics on Export Curbs
The G7 leading industrialized nations have issued a joint guidance for businesses on preventing Russian evasion of export controls and sanctions, the U.S. Department of Commerce's Bureau of Industry and Security announced on Tuesday. BIS Assistant Secretary for Export Enforcement Matthew Axelrod stressed that preventing Russian acquisition of components for missiles and unmanned aerial vehicles is a G7 "top priority” that cannot be achieved without industry partnership. For this reason, the guidance was issued to provide the information that companies need "to identify and respond to Russia's changing evasion tactics," he said.
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Poland to Invest $15.8B in Westinghouse-Bechtel Nuclear Power Plant Project
The Polish government plans to invest $15.67 billion in the country’s first nuclear power plant. Westinghouse Electric and Bechtel will design and build the plant under a contract signed in September 2023 with Polish utility Polskie Elektrownie Jadrowe. According to Bechtel, the funding was announced after the companies met with key stakeholders in Warsaw and...
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Intelsat Expands Vodafone Collaboration, Makes Satellite Connectivity More Accessible in Remote Locations
Satellite communications provider Intelsat has expanded its collaboration with Vodafone to make satellite connectivity services more accessible to private and public organizations that operate in remote locations. Under the new deal, Vodafone’s terrestrial networks gain new capabilities with the addition of Intelsat’s Flex portfolio. The enterprise-grade, end-to-end managed service — composed of 22 satellites, 228...
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HII Grooms South Australian Defense Industry’s Capabilities for Nuclear Submarine Requirements
HII Nuclear Australia has launched a $684 million supplier capability uplift program to drive the development of the defense industry supply chain in South Australia, focusing on capabilities to support Canberra’s nuclear submarine initiatives. HII said in a statement on Monday that five companies have been selected to participate in the program, the initial effort...
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Lithuania Prepares to Host Northrop Grumman Ammunition Factory
The Lithuanian government has signed a memorandum of understanding with Northrop Grumman to develop, manufacture and supply medium-caliber ammunition in the Baltic country. A Northrop Grumman ammunition production project could bring significant U.S. investment to Lithuania, its Ministry of National Defence said in a statement Monday. Lithuanian Prime Minister Ingrida Simonyte said partnering with companies...
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In Groupe in Talks Over Possible Idemia Smart Identity Acquisition
French multinational technology company Idemia has entered into negotiations with In Groupe over the possible sale of Idemia Smart Identity, one of its three business units. Idemia said closing the deal would expand In Groupe’s size, geographic presence and cutting-edge solutions offered to customers worldwide. According to Idemia Group CEO Pierre Barrial, the transaction is...
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Austal Australia Forges Commercial Partnership With Greenroom Robotics
Austal Australia has established a strategic commercial partnership with Greenroom Robotics, advancing their previous collaboration in the completed Patrol Boat Autonomy Trial for the Royal Australian Navy. The latest partnership will extend the two companies’ cooperation to develop watercraft-based products, services and technologies geared toward crew reduction and safer operations of autonomous vessels that Austal...
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Telesat Satellite Constellation Project Secures $1.9B Funding From Canadian Government
The Canadian and Quebec governments have awarded Telesat $1.9 billion in total funding for its low Earth orbit broadband satellite constellation project, completing the financing for the planned global network, including satellites, space launch vehicles and ground stations. Under the funding agreements for the project, dubbed Telesat Lightspeed, the Canadian central government will invest $1.6...
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New DXC Center of Excellence in Spain to Showcase AI-Powered Cloud Platforms
DXC Technology has expanded its operations in Spain with a new center of excellence in Zaragoza designed to help public and private sector customers manage critical workloads, infrastructure and operations in the cloud and ensure data security. The center will feature the latest DXC cloud platforms that use artificial intelligence to support applications and solutions...