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Category: Investment Security

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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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Leonardo Working With Saudi Arabia to Develop New Aerospace, Defense Technologies

Leonardo DRS said it will collaborate with Saudi Arabia to develop new aerospace and defense capabilities. The Italian company announced the partnership at the World Defence Show in Riyadh on Sunday. Under a memorandum of understanding signed by the two parties, the partnership will explore investment and collaboration opportunities in the kingdom’s supply chain and...

L3harris
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L3Harris, Edge Open Abu Dhabi Service Center for Wescam MX Sensor

L3Harris Technologies said it has opened a new Wescam Authorized Service Center in Abu Dhabi in collaboration with the United Arab Emirates technology company Edge Group. The center will support users of the company’s Wescam MX reconnaissance, surveillance and target acquisition sensor system, such as the United Arab Emirates Armed Forces and other military units...

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Saab, MBDA Collaborate to Develop Advanced Anti-Tank, Air Defense Capabilities

Saab and MBDA have signed letters of intent to strengthen their collaboration in advancing anti-tank and air defense capabilities. The companies finalized the agreement on Wednesday to support a new strategic partnership that France and Sweden sealed the day before as part of French President Emmanuel Macron’s state visit to Sweden. The two countries identified...

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Westinghouse, Bechtel Gain Support for Nuclear Reactor Projects in Czechia

Westinghouse Electric and Bechtel will tap the Czech Republic’s nuclear industry capabilities to pursue their proposal to supply the Balkan country with up to four nuclear reactors. The American companies will draw support from the local industry base via an agreement signed with the Czech Power Industry Alliance in Washington on Wednesday, Westinghouse said. The CPIA,...

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DOD Bares New List of Chinese Military-Linked Companies

The Pentagon has updated its list of Chinese military-linked businesses with either direct or indirect operations in the United States. The list is compiled in accordance with Section 1260H of the National Defense Authorization Act for Fiscal Year 2021. The Department of Defense said Wednesday that the provision’s continuing implementation is important to counter China’s...

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US Sanctions Egyptian, Turkish Nationals for Providing Cybersecurity Training, Funding for ISIS

The United States has sanctioned two Egyptian nationals for allegedly providing cybersecurity training to members of the Islamic State of Iraq and Syria and facilitating funding efforts in support of the terrorist organization.  In a press release, the Department of the Treasury’s Office of Foreign Assets Control named Mu’min Al-Mawji Mahmud Salim and Sarah Jamal Muhammad...

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