Washington, D.C., and London-based venture capital firm C5 Capital has partnered with Brave1, a Ukrainian defense technology accelerator, to support local defense tech startups in Ukraine. Through the partnership, C5 Capital will provide investment and strategic guidance to help the new companies grow and scale, ultimately accelerating the development of technologies critical to building Ukraine’s...
NATO hosted space industry representatives for a Commercial Space Forum at its headquarters in Brussels last week to discuss the sector’s potential opportunities, vulnerabilities, new risks and threats. The talks focused on areas including investment possibilities in cybersecurity and the sharing of information on space-based threats, such as GPS spoofing and satellite communication jamming. The alliance...
Lithuania has awarded Saab a new contract for an additional mobile short-range air defense system valued at $116 million. Lithuania placed the first $123.3 million order for the air defense system in July after delivering Bolide missiles for the Lithuanian Armed Forces Air Defence Battalion’s existing MSHORAD. Under the new deal, the Baltic state will...
The U.K. Department for Energy Security and Net Zero has chosen Jacobs for technical project management support for its Carbon Capture, Usage and Storage program. The engineering company will offer a range of other services, including strategic and change management advisory services, data solutions, and risk and quality management. In collaboration with PA Consulting, it...
Redwire has built an onboard computer system for the European Space Agency's Hera mission, Europe's first planetary defense initiative. Redwire's third-generation Advanced Data and Power Management System will control all vital spacecraft operations, including deploying and monitoring two companion cubesats for detailed surveys of NASA's Double Asteroid Redirection Test mission. Redwire's Belgian subsidiary developed the system under a contract with OHB Germany, the prime contractor for the Hera project.The Potomac Officers Club's 2024 GovCon International Summit on Thursday will convene key public and private sector leaders to discuss emerging technologies, the shifting landscape in space and the role of industry. Take part and register now.
The NATO Defence Innovation Accelerator for the North Atlantic has opened its North American headquarters in Halifax, Nova Scotia. The inauguration ceremony was held on Tuesday and attended by Canadian government officials, including Jean-Yves Duclos, minister of public services and procurement. The office will house up to 25 international staff and be supported by Ottawa's initial investment of $26.6 million over six years. "As home to several major universities and research centers, hundreds of science and technology startups, and Canada's Atlantic naval fleet, Halifax is well-positioned to support DIANA, as well as innovators and industry across the country," Duclos said.
Saab has signed a memorandum of understanding with Korea Aerospace Industries to signify its commitment to advancing South Korea's Airborne Early Warning & Control 2 program. The Stockholm-based defense company is among the vendors vying for a contract under the program and, if selected, will work with KAI on GlobalEye, an AEW&C solution offering real-time information to warfighters, improving situational awareness and enabling early detection of threats. "[The MOU] will increase critical radar technology competence and create domestic capability and self-sustainability to secure strategic independence for the Republic of Korea in the airborne surveillance segment," said Markus Borgljung, Saab Business Area Surveillance deputy head.
Zero trust cybersecurity company Xage Security has named Russell McGuire its global chief revenue officer and Ashraf Daqqa its vice president for the Middle East, Turkey, and Africa. The new appointments affirm the Palo Alto, California-based technology company’s goal of broadening its market abroad, Xage said in a statement Monday. Commenting on the new appointments,...
Northrop Grumman and Danish aerospace company Terma have entered a memorandum of understanding to advance several key capabilities, including electronic warfare, unmanned aerial systems and the F-35 Lightning II jet. The new MOU, which follows a collaboration to produce, modernize and sustain the F-35 jets, also includes an initiative to support small to medium businesses in Denmark looking to participate in the global supply chain of U.S. government contractors. Terma Executive Vice President Steen Lynenskjold said the new agreement follows a longstanding and strong relationship between the two businesses, bringing the partnership into new areas.
Oracle will invest over $6.5 billion to set up a public cloud region in Malaysia to support the growing demand for artificial intelligence and cloud services in the country and the region.The Texas-based tech firm said the new cloud infrastructure will help Malaysian organizations modernize their applications, transition workloads to the cloud, and encourage innovation...
