The United Kingdom’s Defence and Security Accelerator is seeking proposals on test and evaluation methods to help ensure the safety and value of deployed British defense and security capabilities. DASA said the project values for bids on its new Investment Focus Area, dubbed Unlocking the True Potential of Test and Evaluation for Defence, range from...
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Category: Investment Security
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IBM Investing $137M to Expand Chip Packaging Capacity in Canada; Dario Gil Quoted
IBM has signed agreements with the Canadian and Quebec governments to expand its chip packaging capacity in Canada. The tech company said the deals represent a total investment of $137 million in the country’s semiconductor industry. According to Dario Gil, senior vice president and research director at IBM, the partnership intends to build a stronger...
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Saab Seals Swedish Government Deal to Advance Development of Gripen Fighter; Lars Tossman Quoted
Saab will continue working with the Swedish government to further develop the Gripen aircraft for the country’s military needs. The aerospace company secured a $49.8 million order from the Swedish Defence Materiel Administration to advance the platform’s capabilities. The agreement will benefit both the Swedish Armed Forces and international users of the fighter jet, Saab...
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Autonomous Australian Navy Patrol Boat Concept Advances With Austal’s Sentinel Test Completion
Australia-based global shipbuilder Austal has announced the completion of seaworthiness tests of a remotely and autonomously operated vessel in collaboration with the Royal Australian Navy’s Warfare Innovation Navy branch. Other partners in the project, funded by the Australian government, include Greenroom Robotics and Trusted Autonomous Systems. The project, dubbed the Patrol Boat Autonomy Trial, utilized...
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US Expands Export Controls of Technologies to Russia, Iran Following Air Attack on Israel
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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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...