Cloudflare Warns of India-Linked Hackers Targeting South and East Asian Entities

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  October 2, 2019 | International, C4ISR

  INVISIO Awarded Five-Year Framework Agreement for up to SEK 290 Million From the U.S. Department of Defense

  STOCKHOLM, October 1, 2019 /PRNewswire/ - INVISIO has been awarded a five-year IDIQ (Indefinite Delivery, Indefinite Quantity) contract from the U.S. Department of Defense for communication and hearing protection systems. The framework agreement is for up to SEK 290 million over the time period, but no volumes are guaranteed. The Department of Defense has awarded INVISIO a five-year framework agreement for the supply of advanced communications and hearing protection systems to American troops. The maximum order value of the agreement over the five-year time period is USD 30 million, equivalent to approximately SEK 290 million. This is the second time the Department of Defense has awarded INVISIO a long-term contract. The new contract replaces the first one received in 2017 which expired earlier this year. The INVISIO systems provide enhanced communication capabilities in noisy environments while protecting the users hearing, which gives operational benefits and increased tactical advantages including improved situational awareness for the users. "We are very proud of receiving a new long-term contract with the U.S. Department of Defense. This contract and the size of it, together with our other U.S.-engagements confirms our market leading position", says Lars Højgard Hansen, CEO, INVISIO Communications. For more information, please contact: Lars Højgard Hansen CEO INVISIO Communications Mobile: +45-53-72-7722 | E-mail: lhh@invisio.com Michael Peterson Director IR & Corporate Communication INVISIO Communications Mobile: +45-53-72-7733 | E-mail: mpn@invisio.com This information is information that INVISIO Communications AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the CEO, on October 1, 2019, at 08:30 CEST. About INVISIO Communications AB (publ) INVISIO develops and sells advanced communication systems with hearing protection that enable professionals in noisy and mission critical environments to communicate and operate effectively. The company combines insights in acoustics and human hearing with broad engineering know-how in software, materials technology and integration. Sales are primarily via a global network of partners and resellers, as well as from the headquarters in Copenhagen and the sales offices in the USA, France and Italy. INVISIO's registered office is in Stockholm, Sweden, and the company's share is listed on Nasdaq Stockholm (IVSO). Read more on the company's website, www.invisio.com. This information was brought to you by Cision http://news.cision.com https://news.cision.com/invisio-communications-ab/r/invisio-awarded-five-year-framework-agreement-for-up-to-sek-290-million-from-the-u-s--department-of-,c2921729

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  September 14, 2023 | International, Naval

  Babcock, Palantir bank on data crunching to boost UK force readiness

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  January 11, 2019 | International, Land

  Textron finalizes acquisition of robotics company

  By: Valerie Insinna WASHINGTON — Textron's acquisition of robotics firm Howe & Howe Technologies stemmed from a late night channel surfing session, where a fortuitous viewing of “Jay Leno's Garage” turned into a big business deal. As its CEO Lisa Atherton watched the show at home with her husband, Howe & Howe's light tank drone wheeled across the screen. Textron had recently identified a gap in unmanned land vehicles, and this seemed to fit exactly the niche that the company was looking to fill. “I saw this tracked vehicle kind of flying through the woods and up and over the berms, and so I went and did a little research," Atherton told reporters on Jan. 10. Textron declared in October that it intended to purchase the Waterboro, Maine-based company. On Dec. 17, the deal was finalized, the company announced Thursday morning. The businesses have not disclosed the price or terms of the sale. Textron executives believe Howe & Howe, which specializes in innovative robotic ground vehicles, is a natural fit for their company, which is known for building unmanned systems — predominantly drones like the RQ-9 Shadow and maritime assets like the common unmanned surface vehicle that can deploy from a littoral combat ship to find mines. Meanwhile, Textron brings with it the ability to manufacture unmanned systems en masse and to support them in the field. Howe & Howe's senior vice president, Michael Howe, said his company's inventiveness, coupled with Textron's experience selling unmanned systems to the government, “makes for an extremely formidable combination.” Atherton said she is looking forward to getting Howe & Howe the investment dollars necessary to start work on new products and make existing ones more robust. “Mike and Geoff [Howe, the company's other founder] both have a ton of great ideas," she said. "They have ideas that they've sketched out in their books forever that they just haven't had the opportunity to do the investment for.” Several of Howe & Howe's robotic land vehicles have been evaluated by the U.S. Army. Its Ripsaw vehicle — the small unmanned tank seen on “Jay Leno's Garage” — has undergone testing at Picatinny Arsenal in New Jersey. But when sequestration slowed down funding of tests, the Howe brothers looked for other venues to promote it, landing the product a role in the 2015 classic “Mad Max: Fury Road.” “That speaks to their ingenuity, their ability to survive through sequestration as a small company,” Atherton said. Howe & Howe's RS2-H1 robot, invented to carry soldiers' gear, is competing against three other unmanned land vehicles for the Squad Multipurpose Equipment Transport program contract. Two Army infantry brigade combat teams and an undisclosed Marine unit are currently assessing the four contenders ahead of a downselect, Army Times reported last year. Atherton named that opportunity as one of the four big programs she's hoping Textron can win in 2019. Updated on 1/10/19 at 1:10 p.m with quotes from Textron CEO Lisa Atherton. https://www.defensenews.com/industry/2019/01/10/textron-finalizes-acquisition-of-robotics-company