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India's Tata Group, U.S. company to manufacture defense equipment
India is worried about China’s growing military might; Indian companies see an opportunity here, and more and more of them are looking to enter the defense market — with U.S. companies as partners; the U.S. government, too, is intensifying its defense cooperation with India
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airBaltic selects cockpit security from AD Aerospace
One key security upgrade which resulted from the 9/11 attacks has been the installation of impregnable cockpit doors; locked doors means that the pilots need other means to monitor area right outside the cockpit — and airBaltic chooses AD Aerospace’s gear for that
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Lumidigm completes $7 million funding round
VCs continue to show interest in biometric technologies; Series C funds will support customer-centric deployments of multispectral imaging fingerprint systems
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Magal Security Systems receives $45 million in contracts
Israeli smart-fencing company receives contracts from several U.S. critical infrastructure operators; recent developments along the Gaza-Stip-Egypt border offer Magal new opportunities
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Emphasis shifts to analytical tools rather than building sturdier walls
The $169 million PayPal paid for Israeli on-line security specialist Fraud Sciences is part of a larger trend in security: “Security is less a matter of keeping everyone outside the outer wall and more one of detecting them sneaking through the premises,” as one analyst put it
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Intel No.1 on EPA Green Power Partner list
Intel will purchase more than 1.3 billion kilowatt hours a year of renewable energy certificates; company said it hoped the record-setting purchase would help stimulate the market for green power
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U.K. Ministry of Defense selects BAE for SSEI
The Software Systems Engineering Initiative (SSEI) aims to reduce the cost and speed up production of the software; the government has identified such software as “the critical enabling technology” for modern platforms; BAE’s Military Air Solutions will lead a consortium to manage the project
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In anxious markets, defense contractors are a safe, stable bet
Market anxiety and worries about recession notwithstanding, U.S. defense companies are doing fine — and expect to be doing fine in the coming year; an analyst says that the defense industry is “a pillar of stability compared to the turbulent markets in other industries”
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New direction charted for wartime contracting
Government watchdog organizations say the cost of the war in Iraq has ballooned, in part, because of the dearth of trained acquisition professionals assigned to the theater and the failure of federal agencies to establish a uniform set of procurement policy guidelines
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American Superconductor's New York grid work moves forward
Massachusetts-based American Superconductor signed a contract to to develop and install new electrical power-grid technology in New York City which would enable Con Edison better to handle power surges and interruptions caused by accidents, weather or terrorist attacks; after government agencies’ squabble, and congressional examination of the contract, DHS tells company to go forward
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Invenergy, GE Energy in $1 billion wind turbine deal
Since 2004, GE’s wind turbine business has grown 500 percent, with its wind business revenues exceeding $4 billion in 2007; half of all wind turbines sold in the United States since 2005 were manufactured by GE
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VC investing rises 11 percent in 2007 to $29.4 billion
2007 saw U.S. VC funding continue to grow the fourth year in a row; there were 3,813 venture deals totaling $29.4 billion; clean technology, life sciences lead investments
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L-1 to acquire biometric access control specialist Bioscrypt
L-1 continues its expansionthrough-acquisition campaign; the latest acquisition is Candian biometrics specialist Bioscrypt; the acquisition would give L-1 a position in both the biometric physical and logical access control spaces as well as far more exposure to the commercial market than it currently has
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John Stroia joins SIA board
Stroia, a sixteen-year veteran at Diebold, now leads the company’s government security sales organization and event monitoring team; SIA, a 300-member strong trade association, represents electronic and physical security product manufacturers, standard specifiers, and service providers
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Two Florida companies see their stock prices increase 35% in 2007
Melbourne, Florida, is home to two security companies: Communication manufacturer Harris and biometrics specialist Authentec; both companies saw the price of their stock increase by more than 35% in 2007
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More headlines
The long view
Ransomware Attacks: Death Threats, Endangered Patients and Millions of Dollars in Damages
A ransomware attack on Change Healthcare, a company that processes 15 billion health care transactions annually and deals with 1 in 3 patient records in the United States, is continuing to cause massive disruptions nearly three weeks later. The incident, which started on February 21, has been called the “most significant cyberattack on the U.S. health care system” by the American Hospital Association. It is just the latest example of an increasing trend.
Chinese Government Hackers Targeted Critics of China, U.S. Businesses and Politicians
An indictment was unsealed Monday charging seven nationals of the People’s Republic of China (PRC) with conspiracy to commit computer intrusions and conspiracy to commit wire fraud for their involvement in a PRC-based hacking group that spent approximately 14 years targeting U.S. and foreign critics, businesses, and political officials in furtherance of the PRC’s economic espionage and foreign intelligence objectives.
European Arms Imports Nearly Double, U.S. and French Exports Rise, and Russian Exports Fall Sharply
States in Europe almost doubled their imports of major arms (+94 per cent) between 2014–18 and 2019–23. The United States increased its arms exports by 17 per cent between 2014–18 and 2019–23, while Russia’s arms exports halved. Russia was for the first time the third largest arms exporter, falling just behind France.
LNG Exports Have Had No Impact on Domestic Energy Costs: Analysis
U.S. liquified natural gas (LNG) exports have not had any sustained and significant direct impact on U.S. natural gas prices and have, in fact, spurred production and productivity gains, which contribute to downward pressure on domestic prices.