US introduces trade bans on more Chinese firms

by Jon Grevatt

The US government has included 12 more Chinese firms to its trading blacklist over their alleged involvement in developing technologies for the Chinese military and supporting Pakistan's nuclear activities.

The US Department of Commerce (DoC) said on 24 November that the firms were added to its Entity List, inclusion on which prohibits the identified entities from involvement in the export, re-export, or in-country transfer of US dual-use technologies.


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BigBear.ai nears becoming public company

by Marc Selinger

US information technology business BigBear.ai, which announced in June that it would become a publicly traded company, said on 3 December that it expects to complete the process within days.

BigBear.ai said its merger with a publicly held special-purpose acquisition company will be completed on or about 7 December and that the combined entity, which will adopt the BigBear.ai name, will begin trading on the New York Stock Exchange (NYSE) on 8 December. The company declined to say why it will be listed on the NYSE instead of the Nasdaq as originally planned.


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Avon Protection nears unveiling results of body armour business review

by Marc Selinger

Avon Protection, which has been conducting a “strategic review” of its body armour business, plans to disclose the outcome of that review on 15 December, according to a spokesperson for the UK-based company.

The disclosure will coincide with Avon's release of its fiscal year (FY) 2021 financial results, the spokesperson told Janes on 2 December.

Avon announced in mid-November that it was launching the review after the body armour business experienced problems with products intended for two US customers.


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Brazilian Army merges AFV programmes in reorganisation

by Victor Barreira

The Brazilian Army is merging its principal wheeled and tracked armoured fighting vehicle (AFV) projects, Colonel Marcelo Yoshida of the Army High-Staff revealed at the 10th Conference of Systems and Military Technology, held in Brasília from 23 to 26 November.

The existing Army Strategic Program Guarani (Prg EE Guarani) and Army Strategic Subprogram Armoured Forces (SPrg F Bld) – part of the wider Army Strategic Program Obtaining Full Operational Capability (Prg EE OCOP) – will be merged into a single effort designated Army Strategic Program Armoured Forces (Prg EE F Bld) on 1 January 2022.


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https://www.janes.com/defence-news/industry-headlines/latest/us-introduces-trade-bans-on-more-chinese-firms

The US government has included 12 more Chinese firms to its trading blacklist over their alleged inv...

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