[ad_1] WASHINGTON — The U.S. defense division of European aerospace company Airbus said it launched a new business unit aimed at the surging market for military drones. Airbus U.S. Space…
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UAE’s Edge Group takes over Swiss unmanned helicopter maker Anavia
[ad_1] MILAN — The Emirati conglomerate Edge Group has acquired a majority stake in the Swiss unmanned helicopter company Anavia, weeks before Swiss authorities are expected consider legislation that would…
RTX sells cybersecurity, intelligence business unit for $1.3 billion
[ad_1] WASHINGTON — Defense company RTX said it’s selling its cybersecurity business for $1.3 billion to an unnamed buyer. The sale of the Cybersecurity, Intelligence and Services division was disclosed…
To stay competitive, US military complex must hurdle ‘Valley of Death’
[ad_1] Last month, U.S. President Joe Biden signed an executive order prohibiting some private U.S. investment in certain technologies that could be used to bolster China’s military, such as semiconductors,…
Sweden’s Saab snags Silicon Valley-based CrowdAI
[ad_1] WASHINGTON — Swedish defense company Saab AB acquired artificial intelligence firm CrowdAI, again expanding its footprint in the fast-growing sector. The deal’s closing was announced Sept. 7. No financial…
Israeli defense firms see opportunities to rearm Europe
[ad_1] JERUSALEM — The Israeli government has been on the fence about supporting Ukraine with weapons, but defense companies here are eager to pounce on sales opportunities in Europe to…