All articles by prameela vegi
prameela vegi
Quantum-Systems Inc. Awarded Two Contracts by Commonwealth of Australia for DEF129-SUAS, Totaling AUD $90 Million
Queensland-based Quantum-Systems Australia responsible for in-country contract execution and fostering economic development within Australia
Vector eVTOL sUAS to provide Australian Army combat teams with enhanced situational awareness and increased force protection.
Babcock awarded contract to refit UK nuclear submarine
Babcock International Group PLC (“Babcock” or “the Group”) and the UK’s Submarine Delivery Agency (SDA) have agreed a full cost recovery contract worth an estimated £560 million to undertake the planned deep maintenance and life extension programme for HMS Victorious, one of the UK’s Vanguard Class nuclear submarines.
Rheinmetall supplying European customer with further Skynex air defence systems
Rheinmetall has been awarded a further contract to supply Skynex air defence systems to a European customer. The systems will enhance the customer’s ability to defend itself against aerial threats. The order has a value in the lower three-digit million euro range. The deliveries will take place over the course of 2025 and, as with the initial contract, will also include the associated Rheinmetall made HX trucks.
Babcock increasing support to Ukrainian navy
Babcock International, the defence company, has been awarded a three-year contract to support and maintain two mine countermeasures vessels ‘Cherkasy’ and ‘Chernihiv’ for the Navy of Ukraine following their transfer from the UK Royal Navy.
Rheinmetall wins major contract: Austria orders state-of-the-art air defence system for €532 million
The Austrian defence ministry has contracted with Rheinmetall to carry out a comprehensive modernization of its existing Skyguard air defence systems. In the presence of Austrian minister of defence Klaudia Tanner, the two parties have now signed the contract for Project Skyguard Next Generation in Vienna. For Rheinmetall the order represents sales of €532 million (without value added tax), which can already be booked as an incoming order in December 2023. The contract encompasses a project period of 48 months starting in February 2024.
Helsing raises €209m Series B to bolster Defence AI Capabilities for Democracies
General Catalyst leads landmark deal, with Swedish group Saab joining funding round in Europe’s leading new defence company
Babcock signs strategic cooperation agreement with Saab
Babcock International Group (Babcock) and Saab signed a strategic cooperation agreement at DSEI on Tuesday 12 September 2023. The purpose of the Agreement is seeking to enable the delivery of enhanced capabilities to customers by leveraging the companies’ collective unique strengths through offering a broader range of products, services and integrated solutions.