finance Archives - Defence Online

DOD releases budget proposal for the 2021 fiscal year

Land February 12, 2020

The US Department of Defense has released a budget proposal for the 2021 fiscal year after increasing military spending in recent years. The Pentagon has released a budget proposal for 2021 based on the requested $705.4billion promised to the DOD. This budget resources four focus areas to build a more agile ...

Dstl to look at increased SME spending

Land February 11, 2020

Dstl is expected to highlight increased SME spending this year at Venturefest 2020. Dstl Chief Executive Gary Aitkenhead will explore recent increases in SME spending when he speaks at this year’s Venturefest. This year (2019/20) Dstl has already committed to spend £41 million on research directly with SMEs, up from £38 ...

Autonomous Underwater Vehicles firm 2G Robotics acquired by Sonardyne

Maritime February 10, 2020

Autonomous Underwater Vehicle and Remotely Operated Vehicle manufacturer 2G Robotics has been acquired by Sonardyne as part of their growth strategy. The firm will continue to work independently on Autonomous Underwater Vehicles (AUVs) and Remotely Operated Vehicles (ROVs) as part of the Sonardyne group. The acquisition of 2G Robotics is the ...

DCMS report reveals growth in UK cybersecurity industry

Homeland February 6, 2020

A new report from the Department for Digital, Culture, Media, and Sport (DCMS) has revealed that the UK cybersecurity sector has grown to £8.3billion. According to the report, the UK cybersecurity industry is worth £8.3billion following a growth of 44% in the number of active firms since 2017. The sector has ...