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Category: Investment Security

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Airbus Secures Regulatory Clearance to Produce C295 Parts, Assemblies in India

Airbus Defence and Space has secured regulatory approval from New Delhi to manufacture C295 aircraft parts and subassemblies in India. The work will see Airbus collaborate with Tata Advanced Systems Ltd to locally produce the aircraft components. Jorge Tamarit Degenhardt, vice president of the C295 India Program at Airbus, said the certification awarded by India’s...

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QinetiQ-Led Engineering Partnership To Support British Royal Navy

The U.K. Ministry of Defence’s Defence Equipment and Support has awarded a $16.4 million contract to a collaborative effort between QinetiQ, AtkinsRealis and BMT to provide operational support and services to the British Royal Navy. Under the four-year agreement, the Aurora Engineering Delivery Partnership will perform engineering services to ensure that the naval warfare force’s...

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NorthStar Earth & Space To Support Saudi Space Industry Development

Montreal-based information services company NorthStar Earth & Space will support the expansion of space situational awareness capabilities to the Middle East under an agreement it signed with the Saudi Space Agency at the first Space Debris Conference in Riyadh. The agreement, which NorthStar announced on Monday, also focuses on improving space object tracking and growing...

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UK MoD Invests $2.6B Annually to Support Scotland’s Defense Sector

The U.K. Ministry of Defence spends around $2.6 billion each year to improve Scotland’s defense industry, according to official government data. For each person in Scotland, the MoD spends an average of $480, which has remained consistent in recent years. The statistics also indicate that the Defence Ministry’s investment in Edinburg directly supports 12,200 jobs...

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South Korea, Saudi Arabia To Collaborate on Weapons Development, Production

South Korea and Saudi Arabia have agreed to advance their defense cooperation, focusing on weapons development and production. The two sides finalized a memorandum of understanding during South Korean Minister of National Defense Shin Won-sik’s visit to Riyadh for the World Defense Show. He met with Saudi Arabian Minister of Defense Khalid bin Salman Al...

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Business Growth Program Opens Government Support for Comtech in Canada

New York-based Comtech Telecommunications has announced its subsidiary’s entry into Canada’s Accelerated Growth Service program, where qualified businesses can secure financing and export assistance from the government. Innovation, Science and Economic Development Canada selected Comtech Canada to join the program for high-growth companies, Comtech said. AGS also provides Comtech Canada with access to a team...

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Jacobs To Support Ireland’s Sustainable Transportation Development

Engineering services company Jacobs has secured a new contract from Ireland’s National Transport Authority to guide its development of accessible and sustainable transportation infrastructure across the country. Under the contract, Jacobs will advise the NTA and support local transport, urban centers and other area-based projects. It will also be involved in policy creation and other general...

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Lockheed Martin Explores Partnerships in Sweden’s Aerospace Industry

Lockheed Martin and tactical IT company MilDef Group of Helsingborg, Sweden, have agreed to explore an industrial partnership and boost Swedish aerospace capability. The U.S. defense contractor said the two companies signed a memorandum of understanding to identify new collaborative opportunities as it offers its C-130J-30 Super Hercules for consideration to the Swedish Air Force....

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UK Bares $57M Stimulus for Quantum Computing Development

The British government has allocated $56.8 million to develop the U.K. quantum computing industry and tap the sector’s contribution toward the country’s transformation into a quantum-enabled economy by 2033. The Department for Science, Innovation and Technology said the funding opportunities include projects on quantum tech-based brain scanners for improved diagnosis of mental disorders and cost-saving...

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Saudi Arabia To Manufacture Parts of Lockheed THAAD Weapon System

Lockheed Martin has awarded subcontracts to two Saudi Arabian companies to manufacture Terminal High Altitude Area Defense anti-ballistic missile system parts. Middle East Propulsion Company of Riyadh and Arabian International Company, based in Jeddah, will build interceptor canisters and missile round pallets for the THAAD weapon system. “There are currently only two production lines for these...

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