Nearly 9% boost for defense spending next year under new Senate plan

On the same subject

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  June 3, 2019 | International, C4ISR

  Cyberthreat intelligence firms sells for $780M

  By: Kelsey Reichmann Insight Partners, a leading global capital and private equity firm, has acquired Recorded Futures, an intelligence solution company that has made its name in the cybersecurity world in recent years by providing threat intelligence. The cash deal is for $780 million. Recorded Future focuses on information related to public, private, and open source data associated with cyber intrusions. Insight had made a previous investment in the company. Recorded Future claims to be the largest privately held threat intelligence software in the world. The company has ties to the defense and intelligence communities. Recorded Future was awarded a Defense Innovation Unit contract in September 2017. In-Q-Tel, the intelligence community's investment arm, had made an initial investment in the company in 2010. “We have relied heavily on a unique blend of focused data science concepts, advanced machine-enabled collection, and intelligence subject matter expertise, always with an eye toward the usability of the intelligence that we present to our clients — be it government agencies, large corporations, or forward-leaning companies,” said Christopher Ahlberg, co-founder and CEO of Recorded Future, in a May 30 press release. “This deal represents one of the largest security software transactions of the year, and the largest ever in the threat intelligence space. Insight's renewed commitment to our future validates the path that we are on and lays the foundation to drive our collective requirements forward." https://www.fifthdomain.com/industry/2019/05/31/cyberthreat-intelligence-firms-sells-for-780m

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  May 19, 2021 | International, Aerospace

  Teledyne-FLIR Merger Creates Tactical Drone Powerhouse

  The combined company will offer a wide range of unmanned vehicles (mostly small ones) for air, land, sea, and underwater, said exec Roger Wells.

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  June 20, 2018 | International, Land

  US Army test-fires Belgian-made gun amid plans for Stryker upgrade competition

  Pierre Tran PARIS ― The U.S. Army's test-firing of a 30mm gun turret from CMI Defence is seen by the Belgian firm as putting it in a privileged position for an upcoming tender for greater firepower for the Stryker combat vehicle, a company spokesman said. “We're in pole position, “ Xavier Rigo, communications manager of CMI Defence, told Defense News on June 18. “That does not mean we will win the race, but it puts us in a very good position. We are very proud to have been selected for tests, a real recognition for our team and our equipment.” That test-firing stems from a cooperative research and development agreement CMI signed in 2015 with the U.S. Army Armament Research, Development and Engineering Center, which is seeking a lethality upgrade for the Stryker. CMI adapted the turret to fit the U.S. requirement for linkless ammunition, he said. ATK supplies the 30mm gun, which CMI fitted to its turret. The Belgian company also supplies a 105mm gun turret for a bid led by SAIC in the U.S. tender for the Mobile Protected Firepower program. CMI has fielded its Cockerill 3105 turret, which uses its turret and 105mm cannon, with the latter built in a factory in northern France. A Cockerill 3105 turret was among the products on display at the CMI stand at the Eurosatory trade show, which ran June 11-15. The stand at the show two years ago used the Cockerill brand name. BAE Systems, General Dynamics Land Systems and SAIC are the competitors in that Mobile Protected Firepower competition, Rigo said. The next step is a down-select to two bidders, which will be asked to build and supply 12 prototype vehicles for tests. In Europe, CMI is ”in discussion with the Belgian government“ in its search for a role in Belgium's planned €1 billion (U.S. $1.2 billion) acquisition of the Griffon and Jaguar armored vehicles from the French Army Scorpion program. Those talks are exploring the possibility for CMI to participate in local production and maintenance of the Scorpion vehicles, he said. The Belgian project, dubbed Capacité Mobilisé, or CAMO, sparked debate, as the planned acquisition boosted French contractors Arquus, Nexter and Thales, but left CMI turrets by the wayside. CMI has delivered 130 gun turrets and is building some 20 turrets per month to supply GDLS, which has a contract with a Middle Eastern country, he said, declining to identify the client nation. Those turrets are based on four modules, armed with 30mm, 90 mm, 105 mm, and both 105mm and 30mm guns. There are both manned and unmanned versions of the turret. Canadian broadcaster CBC reported March 19 that GLDS Canada has sold to Saudi Arabia combat vehicles armed with 105mm and 30mm guns for ”heavy assault,” anti-tank and direct-fire support. CMI conducted a firing demonstration of its six Cockerill gun turrets June 15 at the French Army Suippes firing range, eastern France. Some 60 representatives of foreign army delegations attended, the company said in a statement. The Belgian company had been one of the bidders for Arquus, the then-Governmental Sales unit of Volvo Group, until the Swedish truck maker canceled the sale. Nexter had been the other bidder. https://www.defensenews.com/digital-show-dailies/eurosatory/2018/06/19/us-army-test-fires-belgian-made-gun-amid-plans-for-stryker-upgrade-competition/