President Joe Biden has halted Japanese steelmaker Nippon Steel’s planned acquisition of U.S. Steel due to national security concerns. On Friday, the Biden administration issued an order prohibiting the proposed takeover of the American steel company. The order referenced a report from the Committee on Foreign Investment in the United States, which assessed that the...
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Category: Technology
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Israel Opens New AI, Autonomous Systems Office to Streamline R&D Efforts
Israel has inaugurated a new office focused on artificial intelligence and autonomous systems. The Israeli Ministry of Defense launched the AI and Autonomy Administration during a ceremony on Tuesday, led by its director general, Eyal Zamir, and attended by several other government and military officials. Zamir, a retired major general, has advocated for a collaboration integrating...
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France Acquires Nokia’s Submarine Networks Business
France has acquired Alcatel Submarine Networks from Nokia, with the State Participations Agency representing the country in the Dec. 31 transaction. Nokia said it will retain a 20 percent share in ASN and have board representation to ensure a smooth transition until the French government takes over the Finnish company’s remaining interest. The technology company...
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US Approves Japan’s $3.6B Plan to Acquire Advanced Medium-Range Missiles From RTX
Japan’s potential acquisition of RTX business Raytheon’s Advanced Medium-Range Air-to-Air Missiles and related equipment has received approval from the U.S. Department of State. In a statement released Thursday, the Defense Security Cooperation Agency said Tokyo’s possible $3.64 billion foreign military sale request covers the delivery of 1,200 AIM-120D-3 and AIM-120C-8 AMRAAM and up to 24...
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Report: Kremlin Pursuing AI Collaboration With China, Other BRICS Members
Russian President Vladimir Putin has directed his government and Sberbank, the largest bank in Russia, to work with China on developing artificial intelligence. The directive, published on the Kremlin’s website on Wednesday, follows Putin’s announcement in December regarding Russia’s intention to collaborate with other BRICS member countries to advance AI technology, according to a Reuters...
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Austria in Talks With Italy to Acquire New Leonardo Fighter Jets
Austria has decided to purchase M-346 FA fighter jets to replace its decommissioned fleet of Saab 105 aircraft. Klaudia Tanner, the Austrian defense minister, announced the Bundesheer’s plan on Saturday to acquire 12 M-346 FA jets from Italian aircraft manufacturer Leonardo. The agreement will be structured as a government-to-government contract with Italy. The two nations are...
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BTQ Partners With South Korean Quantum Organizations
Canadian quantum tech firm BTQ Technologies has signed a memorandum of understanding with South Korea’s Future Quantum Convergence Forum, Quantum Industrial Standard Association and Future Quantum Convergence Institute to advance business growth, international expansion and industrial cooperation in quantum technologies. The organizations will collaborate to establish quantum industrial standards, co-host events and seminars to share...
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Embraer’s C-390 Millennium Aircraft Lands 10th Customer
Brazilian aircraft manufacturer Embraer Defense & Security has announced a contract to sell two C-390 Millennium multi-mission aircraft to an undisclosed customer. The deal expands the list of Millennium customers to 10. Under the contract terms, Embraer will reconfigure the ordered aircraft to meet the client’s specific requirements and will provide training, support services and...
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Woodward to Acquire Safran’s North America Electromechanical Actuation Business
Woodward, a U.S.-based aerospace and industrial energy control solutions company, is set to acquire Safran Electronics & Defense’s North American electromechanical actuation businesses. The deal is expected to close by mid-2025 and includes purchasing intellectual property, operations assets, talent and long-term customer agreements for Horizontal Stabilizer Trim Actuation systems. The acquisition will enhance Woodward’s offerings for next-generation...
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UK Taps Foreland Shipping for Equipment, Supplies Transportation Services
United Kingdom-based Foreland Shipping Ltd will continue providing the British armed forces with services to transport essential warfighting equipment and supplies across the globe. According to a statement from the Ministry of Defence, the seven-year, $596 million long-term strategic sealift contract includes the delivery of four roll-on, roll-off shipping vessels. These ships will transport armored...