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Category: Investment Security

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Northrop Grumman Delivers Space Norway’s Arctic Region Broadband Satellites to California Ahead of Launch; Brandon White Quoted

 Northrop Grumman’s satellites for Space Norway’s Arctic Satellite Broadband Mission have arrived in California. ASBM-1 and ASBM-2 were built at the Northop facilities in Dulles, Virginia, and will lift off atop a SpaceX Falcon 9 rocket from Vanderberg Space Force Base. Northrop Grumman and state-owned company Space Norway are yet to announce a specific launch...

Oracle Seeks Larger Spanish Footprint With $1B Planned Cloud Investment; Albert Triola Quoted
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Oracle Seeks Larger Spanish Footprint With $1B Planned Cloud Investment; Albert Triola Quoted

Oracle has announced plans to spend over $1 billion in Spain over the next 10 years to establish a third cloud region in Madrid and provide technical support for developing Spanish skills in artificial intelligence. In its investment plan statement, Oracle said Telefonica España will be the host partner for the new area. The upcoming...

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Iridium Partners Authorized to Sell STL Service in Europe, Asia; Matt Desch Quoted

Iridium has authorized its partners to offer the company’s alternative positioning, timing and navigation service to customers in Europe and Asia Pacific, in addition to those in North America. The Iridium Satellite Time and Location service, designed to deliver precise timing information resilient to global navigation satellite system outages, was launched in April after the...

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Rocket Lab Marks 50th Electron Mission With Kineis Nanosatellite Launch

Rocket Lab has launched the Electron rocket for the 50th time.  The reusable orbital-class rocket lifted off from the Rocket Lab Launch Complex 1 in Mahia, New Zealand, on June 21 at 6:13 a.m., local time. The mission, dubbed No Time Toulouse, deployed five satellites to a 635-kilometer circular orbit for French internet of things...

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Thales Works With Clavister, Blackthorn to Develop New Cyber, Defense Solutions

Thales has signed an agreement to bolster cyber collaboration and explore new business opportunities in Sweden with Clavister and Blackthorn. The three parties finalized a memorandum of understanding to develop new cybersecurity and defense solutions for their existing customers. Thales said the partnership will advance joint efforts to meet Swedish customers’ requirements for enhanced networking,...

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Five-Nation Joint Purchase of MBDA Missile System Rolls Forward in Europe; Eric Beranger Quoted

French defense purchasing agency DGA will manage the joint procurement of MBDA’s Mistral 3 missile system by France, Belgium, Cyprus, Estonia and Hungary, which signed a cooperation agreement for the deal on Wednesday. The Defence Industry Europe website reported that DGA has already signed a contract with MBDA for the French purchase of the missiles....

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Northrop Eyes Ammunition Manufacturing in Ukraine

Ukraine is expected to fund a manufacturing project with Northrop Grumman to produce medium caliber ammunition on Ukrainian soil. Dave Bartell, director of international business for Northrop’s defense systems sector, and Stanley Brown, the Department of State’s principal deputy assistant secretary for the Bureau of Political-Military Affairs, confirmed the coproduction agreement during the Eurosatory 2024...

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Italy Tops 2023 European Defence Fund Project Awards With Leonardo’s Major Grants

Italy cornered most of the projects under the 2023 European Defence Fund, the European Commission’s support tool for defense research and development among regional companies. Out of the EDF’s 54 R&D projects in 2023, valued at about $1.07 billion, Italian companies won 35, with Leonardo accounting for 13 grants, according to a company statement. With...

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KBR Secures Contract to Support Iraq Megaprojects; Jay Ibrahim Quoted

KBR will work with the Iraqi government on sustainable infrastructure development in the region.  On Tuesday, the Houston-based company announced that it secured a contract valued at $46 million to provide differentiated advisory and consultancy, feasibility studies, technical reviews, project management, and economic planning and strategy development support to Iraq’s Ministry of Planning. The contract...

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Rheinmetall Partners With QUS to Improve Battlefield Management System

Rheinmetall is adding biomonitoring functions into its Gladius 2.0 soldier system through collaboration with Austria’s QUS Body Connected. Gladius 2.0 will support live data tracking of soldiers to enable adjustments during training and ensure optimal fitness development. Deployed during actual warfighting operations, the technology will provide commanders with the latest data on individual soldiers or...

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