Category: military
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Political storms won’t curb military spending boom, defence firms say By Reuters
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By Joe Brock and Joanna Ploczynska FARNBOROUGH, England (Reuters) – Defence companies are confident that Western governments will continue to boost arms spending to counter Russia and China, shrugging off concerns that political turmoil in the United States and Europe could curb military budgets. Global defence spending hit a record…
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to give all available military help if other is invaded By Reuters
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SEOUL (Reuters) – North Korea and Russia have agreed to provide all available military aid if the other side faces armed aggression, under an agreement signed by the leaders of the two countries, North Korea’s Korean Central News Agency reported on Thursday. The Korean Central News Agency, citing the agreement,…
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Psagot signs MoU to buy military robot co Roboteam
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Psagot Finance and Investment Group (TASE: GPST), controlled by Rani Zim, announced the signing of a memorandum of understanding to purchase all shares of the unmanned ground vehicle company. Robot teamWhich develops and manufactures robots for military and security tasks. Under the memorandum of understanding, all of Roboteam’s shares will…
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Drone startup Neros raises funding from Sequoia, eyes supplies to Ukraine, US military By Reuters
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By Crystal Ho (Reuters) – Niros, a self-driving drone startup founded about a year ago, said it has raised $10.9 million in a seed round from Sequoia Capital to build a new factory and manufacture more drones for sale to Ukraine. Niros joins a string of US drone companies trying…
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Lidar maker Hesai sues US government, denies alleged link to China’s military By Reuters
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SAN FRANCISCO (Reuters) – China-based Hisai Group filed a lawsuit against the U.S. government on Monday to add the maker of lidar light sensors to a list of companies allegedly working with the Chinese military. Hesai, whose sensors help self-driving cars and driver assistance systems obtain a 3D map of…