Rheinmetall acquires Spanish Defence firm Expal Systems

Rheinmetall AG has completed its takeover of all shares in Expal Systems S.A.U. of Madrid. First announced last November, the acquisition follows final approval by the relevant authorities. The transfer of Expal S.A.U.’s business activities to Rheinmetall took place on 1 August 2023. Rheinmetall thus continues to expand its position as an important supplier for…

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Lockheed Martin opens facility for development of small satellites

Lockheed Martin has opened a facility that streamlines small satellites (smallsat) processing to enable high-rate delivery. The multi-million dollar facility will house the company’s Space Development Agency (SDA) Tranche 1 Transport Layer satellites, among other smallsats programs and technology demonstrators. The 20,000-square-foot low bay clean room, located on the company’s Waterton campus, will feature six…

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Dhaksha Unmanned Systems bags order from Indian Army

Coromandel International’s subsidiary, Dhaksha Unmanned Systems has bagged an order worth Rs 165 crore for defence and agri drones, from the Indian Army. The order is for the supply of 200 medium altitude logistics drones and accessories to the Indian Army.  Recently, Daksha Unmanned Systems had also bagged a 400-drone contract from agri inputs cooperative IFFCO for…

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