The deal is part of a much touted $110 billions arms package. As per a statement from the Pentagon, Lockheed Martin Corp is to receive the first tranche of the of an $110 billion arms package which the Trump administration had negotiated with Saudi Arabia in 2017. The first package is toward the installation a…
Despite facing international pressure on its business, Huawei has managed to secure 30 contracts to supply 5G equipment; it has already shipped 25,000 5G base stations. As per a report by French newspaper Les Echos, France is weighing its option for introducing a bill amendment so as to empower its defense and security institutions to…
The contract has a 10-year tenure and is for the supply of advanced components for various fighter aircraft. Meggitt Plc, a UK-based engineering firm has signed a $750 million contract with Pratt & Whitney for the supply of components for two of its engines. The 10-year contract agreement with Pratt & Whitney is for the…
The contract is for developing advanced hardware in support of the F-35 Lightning II aircraft. In a statement the Pentagon stated, Lockheed Martin Corp has been awarded a $712 million U.S. defense contract for the development of advanced hardware for the F-35 Lightning II aircraft.
Microsoft won the contract through an auction process which saw the participation of tech companies, including Magic Leap. The U.S. Army has awarded Microsoft Corp a $479.2 million contract to supply prototypes for the Army’s augmented reality systems which will help soldiers in training and combat missions. The U.S. Army has posted the awarded contract…
A draft agreement is being circulated among foreign ministers on the area of cybersecurity, the details of which is likely to be published this coming Saturday. Following high-profile hacking attacks in Southeast Asia, nations in the region are hoping to enter into joint agreements on cybersecurity with Russia. The draft agreement, which aims to formalize…
The firm’s R2 Data Labs will use a wide array of tools, including AI, machine learning and analytics to push for innovation and growth across its businesses. In what is likely to be a milestone for Rolls-Royce, the firm has created a data unit, R2 Data Labs, that uses artificial intelligence, analytics and machine learning…
French Prime Minister made it amply clear that France will not tolerate any takeover which is deemed as hostile for its national industries. On Monday, French Prime Minister Edouard Philippe made it clear that the French government will put its weight behind national companies and will not allow any takeover that are deemed as hostile.…
Boeing’s focus will be on developing thermal power and its corresponding control systems. The Pentagon has disclosed, Boeing Co has been awarded a a $409 million Air Force contract for developing next-generation thermal power and control systems as part of a government and industry joint effort to develop revolutionary and innovative technologies.
Fireglass specializes in the domain of browser isolation technology. On Thursday Symantec Corp disclosed it is acquiring Israeli cyber security startup Fireglass in a deal designed to boost its cyber security defenses for its products. Symantec has yet to disclose the terms of the deal as well as the price for the acquisition of the…
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