Australian DoD's industrial security vetting criticised by national audit agency
14 September 2021
by Julian Kerr
The Australian National Audit Office (ANAO) has criticised the Department of Defence (DoD) in Canberra for failing to properly manage the security vetting of companies involved in delivering contracts worth more than AUD200 billion (USD146 billion).
In an audit released on 13 September, the ANAO found that the DoD's administration of the contractual obligations relating to the Defence Industry Security Programme (DISP) were only “partly effective”.
Rheinmetall and UVision agree strategic partnership on loitering munition
17 January 2022
by Nicholas Fiorenza
The US Marine Corps is equipping vehicles with Hero-120 for its OPF-M requirement, and Rheinmetall and UVision foresee integrating Hero into Lynx and Fuchs armoured vehicles. (UVision)
Rheinmetall announced in a press release on 12 January that it had signed a strategic partnership agreement with UVision on the Israeli company's Hero loitering munition aimed in the medium term at establishing a joint venture for the development and production of the munition. Romano Ricca, chief business development and sales officer of Rheinmetall Weapons and Munition subsidiary RWM Italia, said that the agreement was signed on 11 October 2021.
Investor firm asks Mercury Systems to scrap anti-takeover plan
17 January 2022
by Marc Selinger
US activist investor firm Starboard Value is urging US defence electronics supplier Mercury Systems to “immediately eliminate” its new anti-takeover plan, saying the measure is “not in the best interests of the company's shareholders”.
“We are available at your convenience to discuss this matter further,” Starboard told Mercury's board of directors in a 13 January letter. “[We] believe there is a bright future for the company and its stakeholders, and we look forward to continuing to engage with you to help unlock this value.”
US defence electronics supplier Narda-MITEQ has completed its first acquisition as a stand-alone company.
The New York-based business announced on 13 January that it has purchased Intelligent RF Solutions (iRF), expanding its portfolio of microwave and radio-frequency systems used in electronic warfare (EW) and signals intelligence (SIGINT). Narda-MITEQ sees EW and SIGINT as a key growth area.
“Our partnership with iRF will further strengthen and broaden both organisations' market presence and penetration, customer relationships, and technology and product development capabilities,” Narda-MITEQ CEO Bob Tavares said.
In this episode of The World of Intelligence we talk about some of the current real-world challenges we face and how commercial open-source providers like Janes and like our guests, Fivecast, have started to solve some of those challenges and ho...