Kongsberg witnesses 27% increase in operating revenues

Norway based Kongsberg witnessed an increase in its operating revenues by 27 percent and recorded solid growth in all business areas compared with Q2 last year. Further, the order intake was NOK 10.5 billion and the order backlog increased to NOK 68.1 billion. Notably, Kongsberg Gruppen is an international technology group headquartered in Norway, that…

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Launch of Chandrayaan-3 reiterates India’s indigenous capabilities

Union Minister of State (Independent Charge) for Science and Technology, MoS PMO, Department of Space, Department of Atomic Energy, MoS Personnel, Public Grievances and Pensions, Dr Jitendra Singh said the successful launch of Chandrayaan-3 reiterates India’s indigenous capabilities and vindicates the dream that Vikram Sarabhai saw six decades ago. Speaking at Sriharikota after the launch,…

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Thales to acquire Cobham Aerospace Communications

Thales have entered into exclusive negotiation to acquire, for USD 1.1 Billion, Cobham Aerospace Communications (“AeroComms”), a leading supplier of advanced, ultra-reliable innovative safety cockpit communication systems. With ~690 employees, of which ~190 engineers, the company operates across a well-invested footprint in France, South Africa, USA / Canada and Denmark. Further, it is expected to…

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Japan to provide Ukraine with drone detection system

Japan will be providing Unmanned Aerial Vehicle (UAV) drone detection system to Ukraine which would help in the fight against Russian drones. Earlier in March, Japan had announced that it would allocate $30 million for non-lethal defense equipment through the NATO trust fund. This framework will be used to provide a drone detection systems. Further,…

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