South Korean drone developer PABLO AIR will merge with defense components maker VOLK to strengthen its global competitiveness in the fast-growing defense drone market, the companies announced Thursday. Shareholders approved the deal on Aug. 22, with closing scheduled for Sept. 27. The merger integrates VOLK’s defense-certified manufacturing — including control systems, drive units and actuator...
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Category: Investment Security
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$5B US-Israeli JV Targets Global Defense and Space Projects
U.S.-based defense firm VisionWave Holdings has formed a Nevada-incorporated joint venture with Israel’s AIPHEX, alongside minority partners GBT Tokenize and GBT Technologies, to pursue large-scale defense and space-grade projects. The JV carries an internal valuation framework of about $5 billion, with VisionWave and AIPHEX each holding 46.76 percent, Tokenize 6.08 percent and GBT 0.40 percent,...
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Lockheed Martin Reaffirms Commitment to Poland’s Defense, Industry Growth
Lockheed Martin has reiterated its role as a long-term partner of Poland’s defense sector, highlighting investments and industrial partnerships in a recent company announcement. The company said it has invested $1.8 billion in Poland over the past decade, sustaining more than 6,700 jobs, including 1,500 at its PZL Mielec aircraft facility. “Lockheed Martin is proud...
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Edge Group’s Anavia Expands European Presence With New Switzerland HQ
Anavia, an Edge Group entity, has expanded its footprint in Europe with the opening of a new headquarters and research hub in Bilten, Switzerland. The site, launched in August, will focus on developing next-generation unmanned helicopters and rotorcraft systems while complementing the company’s manufacturing facility in Näfels. The Bilten facility will serve as Anavia’s engineering...
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BAE Systems, GM Defense and NP Aerospace Form Team for UK Ground Mobility Bid
BAE Systems, GM Defense and NP Aerospace have launched Team LionStrike, a partnership to compete in the U.K. Ministry of Defence’s Land Mobility Programme. The program seeks to replace the British Army’s aging fleet with cost-efficient, modern vehicles. The team will use GM Defense’s portfolio, including commercial trucks, sport utility vehicles and its flagship Infantry...
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Japan to Build $875M Multi-Domain Coastal Defense Drone Network
Japan has unveiled a new $875 million multi-layered littoral defense initiative that uses drones to counter amphibious invasions. The Synchronized, Hybrid, Integrated and Enhanced Littoral Defense program, part of a nearly $60 billion fiscal 2026 defense budget request that the government released on Aug. 29, will knit together unmanned aerial, surface, land and undersea vehicles...
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Collins Aerospace to Boost Aircraft Landing Gear Production in Poland
Collins Aerospace, part of RTX, has begun a 4,000-square-meter expansion of its Tajęcina site in Poland to boost landing gear output for commercial and defense aircraft. The Tajęcina facility, which opened in 2012, began expanding in November 2024, with completion slated for February 2026, RTX said in its Sept. 2 release. “This expansion builds on...
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Chris Sherry Joins Dataminr as Senior Vice President for Europe, Middle East and Africa
Chris Sherry has been appointed as the senior vice president for Europe, the Middle East and Africa at Dataminr, a move he announced via LinkedIn on Sunday. Sherry joins Dataminr after spending three years at Forcepoint, where he served as vice president for Europe. His career also includes roles as general manager for EMEA and...
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CGI Expands Global Operations With Apside Acquisition
Canadian multinational IT company CGI has finalized its acquisition of Apside, a digital and engineering services firm headquartered in France. In addition to its French operations, Apside is present in Belgium, Morocco, Portugal, Switzerland and Canada. According to CGI, Apside provides technology services in various sectors, including manufacturing, finance, insurance and public services, with expertise...
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$1B Rheinmetall JVs Mark First Step in Bulgaria’s Broader Defense Partnership Goals
Bulgaria is pursuing a deeper strategic relationship with Rheinmetall that extends beyond joint ventures, with President Rumen Radev underscoring ambitions for new technologies, defense modernization and expanded market access. The push comes as Rheinmetall moves forward on plans to build two production facilities in Bulgaria for gunpowder and 155 mm artillery shells under joint ventures...