France has received $112.6 billion worth of investments for its artificial intelligence sector, CNBC reported ahead of the two-day Paris AI Action Summit. According to the report, the investments are expected to come from United Arab Emirates, U.S. and Canadian investment funds, and commitments from French firms, such as telecommunication company Orange and global technology...
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Category: North America
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Denmark Selects AeroVironment’s JUMP 20 for Tactical Drone Program
Denmark’s Defence Acquisition and Logistics Organisation has awarded AeroVironment subsidiary Arcturus UAV a contract worth up to $181 million for its JUMP 20 medium uncrewed aircraft systems. AV said the award is part of the country’s 10-year program to enhance the Danish Army’s intelligence, surveillance and reconnaissance capabilities. The JUMP 20 vertical takeoff and landing...
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Canada Seeks to Train Indo-Pacific Allies Under New Defense Pact With Manila
Canada is in the final stages of negotiating a defense cooperation agreement with the Philippines to expand opportunities to hold military exercises and other defense-related collaborations. Speaking before Philippine national officials, foreign ambassadors and defense attachés on Friday, Canadian Ambassador David Hartman said the potential visiting forces agreement allows Ottawa to play a bigger role...
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US Approves Major Arms Sales Worth Over $7B to Israel
The U.S. Department of State has approved two potential foreign military sales to Israel, amounting to over $7.4 billion. The first sale, valued at $6.75 billion, includes munitions, guidance kits, fuzes and related equipment. The second sale involves AGM-114 Hellfire missiles and equipment worth $660 million. The larger sale includes 2,166 GBU-39/B Small Diameter Bombs, 2,800...
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Mistral, Zoltix Win US-Singapore Drone Technology Challenge
Mistral and Zoltix have won the top prizes in a joint challenge by the U.S. Defense Innovation Unit and the Singapore Ministry of Defence. The startups won a combined $150,000 in awards from the initiative that aims to develop advanced drone communications and counter-drone technologies for both nations’ militaries. The challenge comprised two parts: one...
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Baird Hires Dan Bruton as Global Technology & Services Group Director
Baird has appointed Dan Bruton as a director in its Global Technology & Services group. Based in London, Bruton will focus on expanding the American financial services firm’s presence in Europe. The executive joins Baird from RBC Capital Markets, where he oversaw cross-border business-to-business software transactions within the company’s Global Technology Investment Banking Group in...
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Bulgaria Receives First F-16 Block 70 From Lockheed Martin
Lockheed Martin has delivered the first of Bulgaria’s 16 F-16 Block 70 fighter jets, making Bulgaria the second European nation to operate the aircraft. A handover ceremony took place on Jan. 31 in Greenville, South Carolina, where the F-16s were constructed, with Bulgarian Defense Minister Atanas Zapryanov and other American and Bulgarian officials in attendance....
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US, Japan Launch First Joint National Security Space Mission
Japan has launched a U.S.-developed space domain awareness payload aboard its Quasi-Zenith Satellite 6, marking the two nations’ first bilateral space collaboration focused on national security. The satellite, locally known as Michibiki No. 6, launched from the Tanegashima Space Center on Sunday aboard a Japanese H-3 launch vehicle. It is the first of two launches...
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US Approves Potential $304M Radar Sale to Egypt
The U.S. Department of State has approved a possible $304 million foreign military sale to Egypt for AN/TPS-78 long-range radar systems and related logistics support. Egypt requested AN/TPS-78 radar turnkey systems, KIV-78 cryptographic devices, GPS units with selective availability anti-spoofing modules, spare parts, software, training, engineering and technical support. Northrop Grumman will serve as the...
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Valero Secures $200M DLA Contract to Deliver Diesel, Jet Fuel to Israel
Valero Marketing and Supply, a subsidiary of Texas-based petroleum refiner Valero Energy, has secured a potential $200 million contract from the U.S. Defense Logistics Agency to deliver EN590 diesel and JP8 jet fuel to Israel. The Israeli military uses EN590 diesel fuel in its trucks and other equipment while the kerosene-based jet propulsion fuel JP-8...