Technology

Lockheed Martin and NATO Allies Accelerate PAC-3® Sustainment Across Europe

Published

2 months ago

July 7, 2026

ANKARA, Türkiye, July 7, 2026 /PRNewswire/ — Lockheed Martin welcomes the commitment of the United States, Germany, the Netherlands, Poland and Sweden to explore a dedicated PAC-3® Missile Maintenance Facility in Europe. The joint government-to-government agreement was signed today during the NATO Summit Defense Industry Forum, part of the 2026 NATO Summit in Ankara.

The proposed facility will strengthen NATO’s integrated air and missile defense readiness by providing in-region maintenance and sustainment capabilities that help keep PAC-3 missiles ready, reliable and rapidly deployable against evolving threats.

“Industrial cooperation strengthens the transatlantic defense industrial base and contributes to economic progress and shared security,” said Jay Pitman, president, Lockheed Martin International. “For more than 75 years, Lockheed Martin has demonstrated our commitment to being a strategic partner for the defense and security of Europe. Today, we are accelerating our work with NATO allies and industry partners to expand integrated air and missile defense capacity, strengthen regional sustainment networks and support the rising global demand for these capabilities.”

The proposed PAC-3 Missile Maintenance Facility will support the growing community of NATO allies operating PAC-3 Missile Segment Enhancement (MSE) interceptors and PAC-3 Cost Reduction Initiative (CRI) interceptors. Lockheed Martin will contribute decades of experience in missile production, sustainment, engineering and supply-chain management to support the development of the proposed facility and the allied nations that depend on PAC-3 capabilities.

Demand for PAC-3 continues to grow worldwide, driven by its combat-proven performance. In January, a landmark framework agreement was established with the U.S. Department of War to triple production capacity for PAC-3 MSE. In April, the U.S. government awarded Lockheed Martin a $4.7 billion contract to continue accelerating PAC-3 MSE production this year, ensuring U.S. allies have the advanced air and missile defense capabilities they need to defend what matters most.

About Lockheed Martin

Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at Lockheedmartin.com.

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SOURCE Lockheed Martin

Technology

PEI-Genesis Exhibits at AEDEX in New Delhi, India

Published

3 minutes ago

August 24, 2026

NEW DELHI, Aug. 24, 2026 /PRNewswire/ — PEI-Genesis, a global leader in the design and assembly of custom-engineered interconnect solutions, will exhibit at AEDEX 2026 at Yashobhoomi, IICC from September 10 to 12, 2026, from 10:00 a.m. to 6:00 p.m. Attendees can visit Booth B471 in Hall 2 to explore PEI-Genesis’ latest interconnect innovations for aerospace and defence applications.

At AEDEX, PEI-Genesis will showcase a comprehensive portfolio of high-performance and ruggized interconnect solutions engineered to meet the demanding requirements of military, aerospace and defence applications. Featured suppliers include Amphenol, ITT Cannon, Cinch Connectivity Solutions, Positronic, Eaton Souriau, and others.

The expansion of PEI-Genesis’ newest production facility in Pune, India, marks another milestone in the company’s growing manufacturing footprint across Asia. The facility provides 48-hours value-added assembly services for D38999 Series I & Series III (QPL) connectors, locally stocked inventory from leading global connector brands and offering Indian Rupees (INR) to customers in India, providing a more seamless and localized purchasing experience.

This year also marks PEI-Genesis’ 80th anniversary, celebrating eight decades of engineering excellence, trusted partnerships, and global growth. Building on this legacy, the company remains committed to delivering high-performance interconnect and cable assembly solutions that power next-generation aerospace, defence, industrial, and other mission-critical applications worldwide.

“India continues to be an important growth market for the aerospace and defence industry,” said Alex Tsui, Vice President and Managing Director, Asia Pacific, PEI-Genesis. “AEDEX provides an excellent opportunity to engage with OEMs, defence manufacturers, system integrators and design engineers to discuss how our interconnect expertise and local manufacturing capabilities can support their next-generation programmes.”

Visit PEI-Genesis at AEDEX 2026 at Yashobhoomi, IICC, Hall 2, Booth B471, from September 10 to 12, 2026, 10:00 a.m.– 6:00 p.m.

About PEI-Genesis
Founded in 1946, PEI-Genesis is one of the world’s fastest assemblers of precision connectors and cable assemblies. From the largest connector component inventory in the world, they develop engineered solutions that support the military, industrial, medical, aerospace, transportation, and energy sectors worldwide. Headquartered in Philadelphia, PA, PEI-Genesis has production facilities in South Bend, IN; Southampton, UK; Louny, Czech Republic; Zhuhai, China and Pune, India, as well as sales offices throughout the Americas, Europe, and Asia. More information may be found at www.peigenesis.com.

Website: http://www.peigenesis.com     
LinkedIn: https://www.linkedin.com/company/pei-genesis/  
Twitter: https://twitter.com/PEIGenesis    
Facebook: https://www.facebook.com/PEIGenesis  
Blog: https://blog.peigenesis.com/  

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Technology

Skanska to build datacenter near Prague, Czechia, for CZK 2.1 billion, about SEK 930M

Published

3 minutes ago

August 24, 2026

STOCKHOLM, Aug. 24, 2026 /PRNewswire/ — Skanska has signed a contract with CRA Prague Gateway DC to build a new data center on the outskirts of Prague, Czechia. The contract is worth CZK 2.1 billion, about SEK 930M, which will be included in the order bookings for Europe for the third quarter of 2026.

Works will include complete construction and non-IT technologies. The initial phase will cover site infrastructure, foundation structures and the load-bearing precast concrete skeleton of the building.

Work will start in August 2026, with completion scheduled for 2028.

For further information please contact:
Ondřej Šuch, Head of Exernal Affairs, Skanska Central Europe, tel +420 725 628 760
Andreas Joons, Press Officer, Skanska AB, tel +46 76 870 75 51
Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/skanska/r/skanska-to-build-datacenter-near-prague–czechia–for-czk-2-1-billion–about-sek-930m,c4386683

The following files are available for download:

https://mb.cision.com/Main/95/4386683/4229287.pdf

20260824 CZ data center

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SOURCE Skanska