Cerberus Capital Management and HD Hyundai have formed a strategic partnership to launch Cerberus Maritime, an initiative to support U.S. shipbuilding and maritime infrastructure. Cerberus Maritime will draw on HD Hyundai’s shipbuilding and digital maritime expertise to strengthen infrastructure, modernize ports and support U.S. shipyard development. Join government and industry leaders at the Potomac Officers...
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Category: Investment Security
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L3Harris Technologies Rolls Out Sensor Systems Production in Poland
L3Harris Technologies has commenced production of its electro-optical/infrared sensor systems for the European market at its new facility in Katowice, Poland. The 2,000-square-meter plant will produce EMX-Series EO/IR sensors designed for both crewed and autonomous platforms used in intelligence, surveillance, reconnaissance and targeting missions. The facility’s tooling enables the delivery of the EMX-Series of EO/IR...
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Estonia to Invest $58.5M in Defense Industrial Parks
Estonia is investing over $58.3 million to establish defense industrial parks in Ermistu and Põhja-Kiviõli. The Ministry of Defence said Thursday that areas in Piirsalu and Aidu have also been selected as reserve areas for potential future park expansions. According to Defence Minister Hanno Pevkur, the government’s initial negotiations with private companies indicate their investments...
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Raytheon Partners With Diehl Defence for Stinger Production in Europe
Raytheon, an RTX business, is collaborating with Diehl Defence to co-manufacture key elements of its Stinger missile in Europe. The deal is part of a recently signed memorandum of understanding extending Stinger production in the region. Diehl Defence specializes in air defence systems, providing guided missiles, ammunition, and protection systems to German and international armed...
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Saab Seeks to Strengthen Supply Chain With Shipbuilding Metal Fabricator Acquisition
Saab has acquired Deform, the Swedish shipbuilding metal fabricator, in a move to strengthen the supply chain for Sweden’s defense sector. Founded in 1907, Deform specializes in the hot and cold fabrication of various metallic materials. The company focuses on pressure vessels, metal protection components, heavy fabrication and heavy equipment. Deform will keep its name...
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Rheinmetall Names Vera Saal as New Labor Director
Vera Saal will succeed Ursula Biernert-Kloß as the labor director on Rheinmetall’s management board, effective Sept. 1. CEO Armin Papperger will temporarily fill the position until Aug. 31. In addition to her new role, Saal will also serve as the chief human resource officer. According to her LinkedIn profile, she has held several leadership positions...
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Rheinmetall to Maintain Czech Republic Leopard Tanks Under $292M Deal
Rheinmetall has received a contract from the Czech Republic’s Ministry of Defence to deliver extensive service and maintenance support to its Leopard 2A4 main battle tank and Bergepanzer 3 “Buffel” armored recovery vehicle. Under the seven-year, $292.1 million award, the German automotive and arms manufacturer will work on 42 Leopards and two Buffels, providing several...
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IBM Expands India Emerging Tech Development Support With New Facility
IBM has opened a new IBM India Client Experience Centre in Mumbai, part of the technology company’s commitment to supporting the South Asian nation’s efforts to make the most out of emerging technologies. To boost the impact of the company’s latest facility on local businesses and citizens, IBM has signed a letter of intent with...
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NTT DATA, Google Cloud Partner for Global AI, Cloud Modernization Push
Tokyo-based NTT DATA has partnered with Google Cloud to help enterprises across industries adopt agentic artificial intelligence and modernize cloud systems. NTT DATA said Wednesday that the collaboration will focus on co-innovating industry-specific cloud and AI solutions. The multinational IT company will use Google Cloud tools, including Gemini and Agentspace, to develop customized solutions for...
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Guidehouse Offers Government Services Via UK Management Consultancy Framework
Global artificial intelligence company Guidehouse announced on Tuesday that eight of its service offerings have been pre-approved under Management Consultancy Framework Four, or MCF4, of the Crown Commercial Service, the U.K.’s central procurement agency. The framework allows British government agencies to procure support services across 10 specializations. The offerings include consultancy services in business, finance,...