The United States is expanding its list of items that require a license to be exported to Iran and Russia. On Monday, the Bureau of Industry and Security amended the Export Administration Regulations and added new items to the foreign direct product rules governing the two adversarial nations. FDP rules control the export of materials...
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Category: Investment Security
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BWXT Investing $58M to Expand Nuclear Manufacturing Plant in Canada; John MacQuarrie Quoted
BWX Technologies has announced an investment of $58 million to expand its Cambridge nuclear manufacturing plant in Ontario, Canada. The company said it will spend $36.5 million to increase the existing facility’s footprint by 25 percent and $21.9 million will be used to procure advanced manufacturing equipment over the coming years. The expansion project will...
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Oracle to Expand Japanese Cloud Business With Planned $8B Investment; Toshimitsu Misawa Quoted
Oracle Corp. is spending more than $8 billion to expand its cloud business in Japan. The planned investment, to play out over the next 10 years, will grow Oracle Cloud Infrastructure’s footprint across the country. Central to the plan is the company’s target of increasing its Japan-based personnel to provide customers with operations and engineering...
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Capgemini to Help Norwegian Public Roads Administration Develop Digital Transport Systems; Atle Bergfjord Quoted
Capgemini has signed a deal to support the Norwegian Public Roads Administration’s mission of improving Norway’s traffic flow and providing a reliable service to the public. Under the four-year agreement, Capgemini will enable NPRA’s digital transformation efforts, helping the agency to become more data-centric. The two entities will work closely to develop digital systems that...
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US Grants Samsung $6.4B to Manufacture Semiconductors in Central Texas
The United States government is awarding up to $6.4 billion in direct funding to Samsung. On Monday, U.S. Secretary of Commerce Gina Raimondo visited the company’s new semiconductor manufacturing facility in Taylor, Texas, where she announced the investment. “We’re saying for the first time ever, Samsung can conduct in the United States of America core...
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Kongsberg Defence & Aerospace Appoints Harald Kleven as Advanced Solutions VP for Defense Systems
Kongsberg Defence & Aerospace has named Harald Kleven as vice president of advanced solutions focused on defense systems. Kleven, who announced the appointment in a LinkedIn post, has served the company in various positions for over three decades. According to Tor Martin Myrhaug, who previously worked under Kleven’s leadership, the new Kongsberg advanced solutions VP...
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Anduril, HD Hyundai to Produce New Autonomous Naval Systems for Defense Customers
Anduril Industries has forged a strategic partnership with HD Hyundai Heavy Industries to deliver a new class of autonomous naval systems. The collaboration intends to rebuild the naval capabilities of the United States and South Korea and the two countries’ allies and partners, Anduril said. According to Anduril Chief Strategy Officer Christian Brose, the two...
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China Announces New Round of Sanctions on US Companies Over Arms Sales Deal With Taiwan
China has sanctioned U.S. companies General Atomics Aeronautical Systems Inc. and General Dynamics Land Systems over arms deals with Taiwan, which it considers a breakaway province. The economic action bans senior executives from both defense technology providers from entering China and freezes access to company assets in the country. General Dynamics operates Gulfstream and jet...
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Viasat Establishes Innovation Center of Excellence in London; Jason Smith Quoted
Viasat has opened its international business headquarters in London nearly a year after it acquired British satellite operator Inmarsat. The Innovation Centre of Excellence, which houses Viasat’s UK Network Operations Centre and Satellite Control Centre, focuses on technology innovation and scaling execution to improve satellite, network and cybersecurity services for global customers in maritime, aviation...
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Accenture Expands Business in Japan With Acquisition of System Integrator Climb
Accenture has announced a deal to acquire Climb, a Japanese company that provides system integration, IT infrastructure management and operations services. The acquisition will enable Accenture to use Climb’s expertise to support Japan-based companies’ digital transformation efforts and allow Climb’s local experts to strengthen Japan’s information communication technology sector, Accenture said. According to Atsushi Egawa,...