The Arctic is no longer a remote expanse beyond the edges of global commerce — it is now a contested arena where strategic competition, energy development, and maritime innovation converge. As climate change accelerates sea ice retreat, previously impassable waters are opening to navigation for longer periods each year.
BAE Systems Launchpad is a new incubator program designed to take dual-use technologies beyond the defense sector and help innovations reach their full commercial potential.Launchpad directly addresses the challenge of moving defense technologies beyond prototype development by spinning them out into independent start-up businesses.
TKMS and Seaspan, Canada’s largest shipbuilding, design and repair company, have signed a Teaming Agreement to collaborate in support of the Government of Canada’s objective to achieve a sovereign capability for the sustainment and through-life support of naval ships. The collaboration focuses on the Canadian Patrol Submarine Project (CPSP) with potential further opportunities arising from
Babcock and Frankenburg Technologies have signed a memorandum of understanding (MoU) to explore development of a new maritime counter‑drone air defense system in response to the rise of one‑way attack drones.Under the agreement, the partners will work on a cost‑effective, containerized platform for launching Frankenburg’s new low‑cost missiles
Babcock has marked two major milestones at its Rosyth shipyard in Scotland as the keel was laid for HMS Formidable, the third ship in the UK’s Type 31 frigate program, and the company announced an expanded partnership with U.S. defense contractor HII to support construction of Virginia-class submarines.
Global markets are getting too comfortable with risks like trade wars, geopolitical tensions and yawning government deficits, which, combined with already overpriced assets, increase the chance of a "disorderly" market correction, the International Monetary Fund said on Tuesday.Underscoring the IMF's warning
Bardex, a leader in products and engineering services that make ports and shipyards safer, more efficient, and more profitable, has announced the opening of its office in Melbourne, Australia. Despite its extensive coastline, Australia historically has not prioritized developing its maritime infrastructure.
Emirates Global Aluminium's (EGA) subsidiary in Guinea has accumulated a stockpile of nearly two million metric tonnes of bauxite since the suspension of its operations last year, three sources familiar with the matter told Reuters on Tuesday.EGA, equally owned by Abu Dhabi sovereign wealth fund Mubadala, and Dubai sovereign wealth fund the Investment Corporation of Dubai
KERSHIP launched the construction of the first of two OPV 60M offshore patrol vessels for the Montenegrin Navy at its Lorient shipyard on April 24 in the presence of Mr. Dragan Krapovic, Minister of Defense of Montenegro, Ms. Anne-Marie Maskay, Ambassador of France to Montenegro, and numerous French and Montenegrin civilian and military personalities.
In a stark address to the U.S. Senate, Senator Roger Wicker (R-Miss.), Chairman of the Senate Armed Services Committee, delivered a firm warning to American policymakers and defense stakeholders: Russian President Vladimir Putin cannot be trusted to negotiate a legitimate or lasting peace in Ukraine.
HII was awarded a contract to deliver the new Australian Submarine Supplier Qualification (AUSSQ) pilot program over the next two years to accelerate the identification and qualification of Australian suppliers and products into the US submarine industrial base.The contract’s initial value is $6m with the option to extend based on achievement.
EDGE and Fincantieri have signed a new memorandum of understanding (MoU), deepening their cooperation through joint venture Maestral, which will be focused on the design, development and creation of unmanned systems for critical underwater infrastructure protection and seabed mapping, next-generation submarines, drone-carrier ships, and lightweight torpedoes.