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Category: Investment Security

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QinetiQ, UK Issue Open Source AI Tool to Accelerate Development Process

QinetiQ and the U.K Defence Science and Technology Laboratory have released an artificial intelligence tool as open source software to speed up its evolution. Giving the public access to Primary-level AI Training Environment, created under Dstl’s Autonomous Resilient Cyber Defence program, will allow the general developer community to participate in tweaking the software, QinetiQ said....

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Eric Freeman Takes Helm at Leidos UK and Europe

Science and technology company Leidos has announced the promotion of Eric Freeman to CEO for its operations in the United Kingdom and Europe. Formerly chief operating officer at Leidos UK and Europe, Freeman replaces Simon Fovargue, who retired at the end of 2023. Freeman’s new roles include managing Leidos UK’s internal organization and the operations...

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Rheinmetall to Produce Ammunition for Ukraine Under New Joint Venture

A Ukrainian company has signed a memorandum of agreement with German arms manufacturer Rheinmetall to establish a joint venture that will produce and supply ammunition to Ukraine. Called Ukrainian Competence Center for Ammunition, the new company will manufacture a six-digit number of 155 mm caliber bullets annually in an artillery ammunition plant Rheinmetall will build...

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Spire Global to Provide Data Support for EMSA’s Global Ship Tracking Mission

Spire Global has received two contracts from the European Maritime Safety Agency to provide satellite automatic identification system data services for ship tracking operations. Worth a total of $9.1 million, the agreements will run for four years and include the delivery of real-time and high-density backup SAT-AIS. According to John Lusk, general manager of maritime...

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Inspector General Presses Pentagon on Sustainment Plan for US Weapons in Ukraine

The Office of Inspector General within the Department of Defense has urged the agency to implement a sustainment plan for each of the weapon and air defense systems it provided to Ukraine.  In support of Ukraine’s fight against Russian attacks, the United States has supplied the European country with Bradley, Stryker and Abrams armored weapon...

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General Atomics Forges New Partnerships, Invests in Japan’s Nuclear Energy and Rare Earth Elements Sectors

General Atomics is expanding its presence in Japan through new partnerships, announcing new investments in the nuclear energy and rare earth elements sectors.  According to Vivek Lall, chief executive at General Atomics, the California-based company has a “series of strategic engagements with government officials, industry leaders and research institutions in Japan” to develop critical and...

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Airbus to Coordinate Four European Defence Fund R&D Projects

Airbus has been tasked to manage four research and development projects under the European Defense Fund’s 41 initiatives designed to contribute to the European Union’s strategic autonomy and strengthen the region’s defense technologies and industrial base. The European Commission finalized 37 EDF grant agreements in December and signed four strategic defense R&D contribution agreements with...

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Lockheed, Rhea Group to Develop Secure Control System for Future UK Military Satellites

The U.K. Ministry of Defence’s Defence Equipment and Support has awarded Lockheed Martin and Rhea Group $5 million contracts to provide a secure control system for the United Kingdom’s military satellites. The selected companies awarded under the MoD’s Project Beroe will help develop a software solution to capture and process onboard system data for satellite...

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IonQ Advances Commitment to Develop South Korea’s Quantum Computing Technology

College Park, Maryland-based quantum computing company IonQ has renewed its partnership with South Korea’s Sungkyunkwan University to help grow South Korean quantum technology capabilities. IonQ said that under the tie-up, researchers and academics will continue to have access to IonQ’s trapped-ion quantum systems through SKKU’s Q Center in Seoul. IonQ President and CEO Peter Chapman...

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Rheinmetall Breaks Ground on New $321M Ammunition Factory in Northern Germany

Duesseldorf-based arms manufacturing company Rheinmetall broke ground on a new ammunition factory in Lower Saxony, northern Germany, on Monday in a bid to boost the country’s self-reliance in producing ammunition. The dignitaries who attended the groundbreaking ceremony included German Chancellor Olaf Scholz, Danish Prime Minister Mette Frederiksen and German Defence Minister Boris Pistorius. The company...

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