Italian ship manufacturer Fincantieri is preparing for the anticipated growth of the undersea market over the coming years, according to company CEO Pierroberto Folgiero. In an interview with Breaking Defense, Folgiero predicted that the market would be worth up to $400 billion by 2030. “Underwater will be what was space 40 years ago,” the CEO...
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Rheinmetall Breaks Ground on $68M Hybrid Production Plant in Hungary; Christoph Mueller Quoted
Rheinmetall is investing $68 million in a new production facility in Szeged, Hungary. According to Christoph Mueller, CEO of Rheinmetall Power Systems, the site will expand the company’s presence in the country, noting that it already has operational plants in Budapest, Zalaegerszeg and Varpalota. “We are delighted to further expand our presence in Hungary, one...
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Shield AI Seeks Expanded Australian Presence With Acquisition of Sentient Vision Systems
U.S.-based defense technology company Shield AI is expanding its business in Australia with the acquisition of Sentient Vision Systems, a company that provides artificial intelligence-enabled imagery. On Thursday, Shield AI announced its “definitive agreement” with the Australian firm to “merge AI expertise and operational understanding to deliver superior intelligence surveillance and reconnaissance capabilities.” The two sides...
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CGI Lands $126M Contract to Advance UK Cabinet Office’s Digital Transformation Efforts
The United Kingdom has awarded CGI a $119 million contract to support the UK Cabinet Office’s digital transformation efforts. Under the five-year agreement, CGI will provide the U.K. government with data and technology services. According to Michael Hill, chief digital information officer for the Cabinet Office, the partnership will deliver capabilities to enable the office’s...
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US Army Partnership to Boost Canada’s Ammunition Production Capacity
The U.S. Army has inked an agreement with the Canadian Commercial Corporation to expand Canada’s domestic ammunition production capacity. Under the undefinitized contract action, the military branch will work with General Dynamics Ordnance and Tactical Systems Canada to ramp up the manufacture of 155 mm artillery rounds. CCC, Canada’s government-to-government contracting agency, said the joint...
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Saab to Conduct Conceptual Studies for Sweden’s Future Fighter Systems; Lars Tossman Quoted
Saab has inked an agreement with the Swedish government to conduct conceptual studies for future fighter systems. Under the company’s deal with the Swedish Defence Materiel Administration, the effort will focus on developing and demonstrating manned and unmanned solutions. Saab said the government contract requires close partnership with the Swedish Armed Forces, the Swedish Defence...
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GA-ASI Installs Updated Software on Predator Mission Trainer
General Atomics Aeronautical Systems Inc. has upgraded its Predator Mission Trainer simulator for its customers operating MQ-9A remotely piloted aircraft fleets. GA-ASI installed the latest version of operational flight program software developed with CAE-USA and automatic takeoff and landing capabilities into the PMT simulator for enhanced mission training. The PMT Plus software is designed to...
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BAE, ASC to Build Australia’s Fleet of Sovereign Nuclear-Powered Submarines; Charles Woodburn Quoted
BAE Systems is collaborating with ASC to deliver Australia’s sovereign nuclear-powered submarines. The Australian government selected the two companies to build a fleet of advanced attack submarines under its AUKUS security pact with the United States and the United Kingdom. Under the agreement, BAE and ASC will combine their skills, expertise and capabilities to produce...
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Bundestag OKs Germany’s Purchase of Australian-Made Rheinmetall Armored Vehicles
The Bundestag, Germany’s federal parliament, has approved Germany’s purchase of over 100 Boxer Heavy Weapon Carrier vehicles that Rheinmetall Defence Australia will build at its Military Vehicle Centre of Excellence in Queensland, Canberra announced on Thursday. Describing the procurement as the country’s “single largest defense export,” the Australian Department of Defence said the deal will...
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Leidos to Enhance Regional Partnership With New Singapore Air Traffic Management Office; Ed Sayadian Quoted
Leidos has set up an air traffic management research and collaboration center in Singapore to deliver safe and efficient air navigation solutions in the Indo-Pacific region. Ed Sayadian, senior vice president of transportation solutions at Leidos, said the center will facilitate the company’s engagement with international air transportation stakeholders to advance critical air traffic management...