BUSINESS UPDATES

Fairbanks Morse Defense Contracts with Oceus to Co-Develop Remote Connect Portable 5G Network for Maritime Defense

Fairbanks Morse Defense (FMD), an Arcline Investment Management portfolio company, signed a three-year agreement with Oceus to co-develop and deploy Remote Connect, a reliable, secure, portable 5G Broadband Kit to provide maritime defense customers with instant remote connectivity for any device. The technology provides crews with 5G communications access in some of the world’s most […]

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GOVERNMENT UPDATES

U.S. Secretary of Defense, Lloyd J. Austin III, approves a tasking memo from the Department of Defense Foreign Military Sales (FMS) Tiger Team. The memo addresses six FMS pressure points and directs the implementation of recommendations to enhance and expedite the execution of FMS cases.

Today, Secretary of Defense Lloyd J. Austin III approved a tasking memo from the Department of Defense (DoD) Foreign Military Sales (FMS) Tiger Team that highlights six key FMS pressure points and directs implementation of recommendations to improve and accelerate the Department’s institutional processes to execute FMS cases. The efforts of the Tiger Team and […]

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