Ultra and Mahindra win £60 million contract with Indian Navy

LONDON, UK: Ultra Electronics in partnership with Mahindra Defence Systems Limited, won the Integrated Anti-Submarine Warfare Defence Suite (IADS) programme for selected frontline warships of the Indian Navy. The contract is worth approximately £60 million to Ultra. Deliveries are due to commence in 2024 and to be completed by 2030. IADS provides a powerful multi-sensor…

Synectics plc gets contract for new refinery project

LONDON, UK: Synectics plc, a leader in the design, integration and support of advanced security and surveillance systems, announced the award of a contract worth approximately £1.0 million for the Dos Bocas refinery in south-eastern Mexico. Synectics and its integration partner, Mathieson Elco, have been awarded a contract by Samsung Engineering to provide safety monitoring…

Ricardo Plc secures $89 million contract from US Army

LONDON: Ricardo Defense has secured a three-year, $89M contract to provide critical safety upgrades protecting the lives of thousands of HMMWV operators around the world, a news release said. Detroit, Michigan -The Army today awarded Ricardo Defense a base contract to provide up to 9,480 critical safety improvement Antilock Brake System / Electronic Stability Control…

Glencore signs contract to sell underlying stake of 73% in Mopani in $1.5bn transaction

LONDON: Glencore Plc announced that its subsidiary Carlisa Investments Corp., has signed an agreement with ZCCM Investments Holding plc to transfer its 90% interest in Mopani Copper Mines plc to ZCCM, the owner of the remaining 10% interest in Mopani, for US$1 and the Transaction Debt. Completion of the sale is conditional on receipt of…

BAE Systems gets $32 million contract from U.S. Army

STERLING HEIGHTS: BAE Systems has been awarded a $32 million prototype agreement by the U.S. Army’s Rapid Capabilities and Critical Technologies Office (RCCTO) to integrate a Hybrid Electric Drive (HED) system onto a Bradley Fighting Vehicle. The development program is part of the Army’s effort to increase vehicle efficiency and boost power generation to support…

Forise International bags 5 new contracts in India, Russia

SINGAPORE: Forise International Limited, through its subsidiary Prisma Technologies Pte Ltd, has secured five new contracts to provide management consulting services for various projects in India and Russia, adding to its growing order book as businesses increasingly seek out deep-technology applications to streamline their operations. The new contracts are worth US$1.3million (S$1.8million) in total and…