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NATO Increases Military Budget to $2.2B to Better Address Security Challenges

NATO has announced a 12 percent increase in its 2024 military spending, setting a budget of $2.2 billion to support defense operations across the globe. NATO member states also agreed to allocate $480.1 million for the alliance’s civil budget next year, providing for an 18.2 percent hike to cover personnel, operating costs and program expenditures...

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Jacobs Books Three-Year Contract to Support France’s Nuclear Power Reactor Development

Jacobs Solutions has received a contract to support a French startup project to develop an innovative nuclear power reactor. Under the three-year agreement, the U.S.-based company will deliver the necessary services to ensure that Naarea can safely advance its XAMR nuclear micro-generator technology. According to Jacobs, it will provide nuclear safety and engineering support for...

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UK Strengthens Sanctions Enforcement Against Russia by Establishing New Office

The United Kingdom is establishing a government organization dedicated to monitoring and strengthening the enforcement of trade sanctions on Russia. Nusrat Ghani, industry and economic security minister, recently announced the creation of the Office of Trade Sanctions Implementation.  The OTSI will be responsible for ensuring that companies in the U.K. are adhering to trade sanctions,...

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L3Harris Works With Voyis, Wavefront Systems to Deliver Enhanced AUV Capabilities

L3Harris Technologies has collaborated with Voyis Imaging and Wavefront Systems to enhance the capabilities of autonomous underwater vehicles that will be delivered to the naval forces of a NATO member state. Under the partnership, L3Harris integrated a combined payload of the Voyis Recon LS and the Wavefront Solstice 3000 multiple-aperture sonar into its Iver4 900...

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IBM to Provide NATO With Enhanced Cybersecurity Visibility, Asset Management Capability

IBM has secured a contract from the NATO Communications and Information Agency to strengthen the cyber resilience of the alliance’s enterprise networks. Under the agreement, a customized asset, configuration, patching and vulnerability management service will be developed and delivered to the organization starting in January 2024, according to IBM. IBM Consulting Chief Operating Officer Mohamad...

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Austria Acquires $570M Worth of Rheinmetall Skyguard Tactical Units to Strengthen Air Defense

German arms manufacturer Rheinmetall has secured a contract to modernize Austria’s Skyguard air defense systems.  The company signed the contract valued at $570 million with the Austrian defense ministry in Vienna. Klaudia Tanner, Austrian minister of defense, was present during the event.  “In this flagship project, Austria is at the absolute forefront of anti-aircraft and counter-drone defense in...

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Google Digital Futures Project to Promote Best AI Deployment in Europe

Google has launched the Digital Futures Project to support its objective of deploying the best artificial intelligence technologies in Europe. According to Kent Walker, president of global affairs at Google, the project underscores the company’s conviction that Europe has a big role to play in advancing the future of AI. Delivering his speech at the...

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Babcock International, Hanwha Aerospace Team Up to Develop New Offerings for Government Customers

Babcock International and South Korean company Hanwha Aerospace have signed a memorandum of understanding to collaborate on new products and services for land, air and sea domains, with an initial focus on conventional submarines.  The MOU was signed during South Korean President Yoon Suk Yeol’s recent visit to the United Kingdom.  Under the agreement, Hanwha...

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Germany to Ship Additional IRIS-T Air Defense Systems to Ukraine

The German Defence Ministry said it will ship four more IRIS-T SLM medium-range air defense systems to Ukraine. In a statement released on Thursday, the ministry said the upcoming deliveries will be provided on top of the IRIS-T systems and a Patriot tracking radar handed over in October and will be sent to the war-torn...

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Task Force Adds Bulgaria, Removes Four Nations in International Financial Crime List

The Financial Action Task Force has made changes to its list of jurisdictions under increased monitoring.  Following its plenary meeting in October, the task force added Bulgaria and removed Albania, Jordan, Panama and the Cayman Islands from its list of countries with deficiencies in their anti-money laundering, countering the financing of terrorism and countering the financing...

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