The China Integrated Circuit Industry Investment Fund, also known as the Big Fund, is planning to launch its third investment initiative supporting the country’s development of advanced semiconductors. People familiar with the matter told Reuters that China’s state-owned fund aims to generate investments worth $41 billion, a significant increase compared to the previous funds worth...
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Poland Boosts Naval Strike Capability With Kongsberg Missiles Worth $1.49B
Norway’s Kongsberg Defence & Aerospace has won a $1.49 billion contract to supply Poland with four Naval Strike Missile Coastal Defense System squadrons. Both land- and sea-based platforms can launch the NSM fifth-generation strike missile, for delivery to or already in use in 12 countries. It was initially developed for the Norwegian Navy. The NSM...
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Ukraine Anti-Aircraft Tanks To Receive Ammunition Supply From Rheinmetall
Duesseldorf-based arms company Rheinmetall has started shipments of 35 mm ammunition for the German-made Gepard anti-aircraft tanks deployed in Ukraine, with 40,000 rounds expected to be delivered by the end of 2023. The Federal Ministry of Defence awarded the contract in mid-February, guaranteeing a supply of up to 300,000 rounds of ammunition for Ukrainian troops....
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Jordan Steps Up Naval Security Role in the Middle East
Jordan has taken another step toward enhancing its role in naval security in the Middle East, with the Royal Jordanian Navy’s membership in the International Maritime Security Construct as its latest initiative. Jordan is also a member of the 38-nation Combined Maritime Forces, another Mideast-based naval security partnership in the region’s major international shipping lanes. CMF’s...
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Poland Reveals Latest UAV Concept
Poland’s Łukasiewicz Institute of Aviation has designed a new unmanned aerial vehicle dubbed HAASTA that is ideal for intelligence, surveillance and reconnaissance missions, and photogrammetry, infrastructure monitoring and other civilian uses. The UAV is armed with a mounted 5.45mm machine gun to target and destroy smaller enemy drones, such as the Shahed-type loitering munition. Italian firm...
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US, India to Hold Defense Tech Competition for Startups
The United States and India have agreed to launch a defense technology development competition comprising various challenges for startups in both countries. During a meeting of the India-U.S. Defense Acceleration Ecosystem senior advisory group on Tuesday, the U.S. Defense Innovation Unit and India’s Innovations for Defence Excellence announced that the first two joint prize challenges...
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UK Cyber Chief Urges Developers to Secure AI Tech
Security should be a core requirement in developing artificial intelligence capabilities, according to Lindy Cameron, CEO of the National Cyber Security Centre in the U.K. Appearing as a keynote speaker at the recent Chatham House Cyber 2023 conference, Cameron called on developers to anticipate security risks and embed mitigating measures when designing AI tools, the...
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Sensors Tech, Air Traffic Management Firms to Develop Passive Surveillance System for Germany
Defense contractor Hensoldt and Era, an air traffic management company based in the Czech Republic, are working together on a passive surveillance system for the German Air Force. On Aug. 30, the two companies announced a strategic partnership that combines their technologies and expertise to develop air surveillance and defense capabilities in response to heightened security...
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Q-CTRL, Diraq Engage In Quantum Work for Australia, US
Australian quantum technology companies Q-CTRL and Diraq are set to work together on several multimillion-dollar projects for government customers. One of the projects will see the companies develop new techniques to operate and optimize next-generation silicon quantum processors for the U.S. Army Research Office. Diraq, a manufacturer of silicon-based quantum computing chips, is currently leading...
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UK Outlines Key Objectives of AI Safety Summit in November
The UK government has outlined its core objectives for the Artificial Intelligence Safety Summit, which will be held on Nov. 1 and 2 at Bletchley Park in England. The summit will gather select countries and various technology, academic and nonprofit groups to discuss the safe advancement of AI. The Department for Science, Innovation and Technology...