Four Brazilian and two Saudi defense companies have signed a memorandum of understanding for potential joint ventures and technology-sharing agreements during an investment forum held in Sao Paulo on Aug. 1. The Brazilian signatories are rocket and missile maker Avibras, weapons manufacturer Taurus, aircraft battery producer Ocellott and aviation specialist Avionics Services, while on the...
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Category: General News
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DSCA Opens Letters of Credit Option for US Allies
The Defense Security Cooperation Agency has broadened third-party financing options under the U.S. Foreign Military Sales program by allowing partner nations the use of letters of credit in their purchases. The new Bank Letter of Credit policy follows the Credit Assured Payment Schedules term of sale codified in January providing FMS partners with a standby...
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EO Empowers Treasury to Regulate US Tech Investments in China
President Joe Biden signed an executive order Wednesday authorizing the Department of the Treasury to regulate U.S. technology investments in China and other countries of concern. The regulatory measure covers three technological sectors sensitive to national security, namely: semiconductors and microelectronics, quantum information technologies, and artificial intelligence. The EO follows extensive and thorough consultations by...
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Sweden to Join NATO Fund for Disruptive Tech Startups
Sweden has expressed its intent to participate in the NATO Innovation Fund, which will invest $1.1 billion in early-stage startups developing emerging and disruptive technologies that can address critical defense and security challenges. The country, which is on track to be the 32nd NATO ally, will officially join the alliance following accession talks. Pal Jonson,...
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New Security Center in Australia Provides More Data Access to US Allies
The United States has established a new mission partner environment in Australia, allowing allied countries to have access to all information they need to conduct operations in various domains. The Combined Joint Network Operations Security Center enabled sharing of communications, targeting and other data among military personnel from 13 Indo-Pacific countries that participated in the...
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UK MoD Selects Ultra I&C as Authorized Government Distributor of ORION Radio Systems
The U.K Ministry of Defence has selected Ultra Intelligence & Communications as a supplier for its Crown Commercial Service’s Network Services 3 framework, which allows the government to achieve maximum commercial value when procuring products and services. Under the agreement, the company will serve as the authorized distributor of the ORION radio family of systems...
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Russian Defense Chief: Moscow to Strengthen Forces in West to Counter NATO Threat
Russian Defense Minister Sergei Shoigu has revealed his country’s plan to build up military forces at its western borders to counter the NATO threat. The defense minister expects the deployment of NATO forces and weaponry in Finland following the country’s recent admission as a member of the alliance. According to a Reuters report, Shoigu said...
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US, Iraq Commit to Security Cooperation, Regional Stability
A joint statement of the inaugural U.S.-Iraq Joint Security Cooperation Dialogue released Tuesday reaffirmed the two countries’ commitment to security cooperation and common interest in regional stability. Delegations from the Department of Defense and the Iraqi Ministry of Defense attended the dialogue in Washington, D.C. from Aug. 7 to 8. The dialogue discussed opportunities for...
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Former Air Vice Marshal: Technology Funding Is Top Challenge for UK Armed Forces
Funding the technology to maintain proper munitions stockpiles outlined in the UK Defence Command Paper 2023 is the biggest challenge facing the British armed forces, Gary Waterfall, retired Royal Air Force air vice marshal, told Defense News. Deterrence before enemy threats occur, also cited in the document, has to be available at the military’s moment...
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New UK Sanctions Target Russian Military Suppliers
The U.K. government has announced a new round of sanctions that target entities supporting Vladimir Putin’s invasion of Ukraine. In a statement, Foreign Secretary James Cleverly said the latest action designates individuals and businesses from Turkey, Dubai, Slovakia and Switzerland that supply the resources fueling the Russian military’s operations in Ukraine. The sanctions package targets...