Author: admin

The opening of the Regional Cyber Center not only strengthens Leonardo’s positioning as a leader in global security, but also consolidates Malaysia’s role as a strategic hub for the Southeast Asia

The Global CyberSec Center based in Kuala Lumpur joins Leonardo’s global network, which already includes the federated centers in Chieti, Bristol, Brussels and Riyadh

 

The opening of the new Regional Cyber Center strengthens Leonardo’s positioning as a leader in technologies for global security. The inauguration, which took place today in the presence of the Malaysian Minister of Communications, Yang Berhormat Datuk Fahami Fadzil, underlines the company’s commitment to ensuring global security, responding proactively to today’s increasingly complex and rapidly evolving cyber threats. 

The strategic choice of Malaysia reflects the country’s leading role in cybersecurity. Malaysia stands out in the region for its advanced legislation on the subject and its protection of critical national infrastructure. Leveraging the integration of Leonardo’s proprietary technologies in the field of cyber security, physical security and mission-critical communications and its experience in strategic sectors in Italy and abroad, the new Center will make a substantial contribution to global protection against new hybrid threats, strengthening the digital autonomy and supporting the sustainable development of Malaysia and the entire region.

The new center in Kuala Lumpur is part of the Global CyberSec Center (GCC), Leonardo’s trusted and mission-critical cybersecurity service provider headquartered in Chieti (Italy), and joins the already operational federated Regional Cyber Centers in Brussels (European Union), Bristol (United Kingdom) and Riyadh (Saudi Arabia). The GCC’s global network is designed to ensure cyber mission assurance for strategic customers – including defence organisations and critical national infrastructures – by pooling processes, information on threats, and cutting-edge technologies. This federated model ensures both the ability to operate on a global scale in preventing, countering and responding to new threats, and the control of strategic data, fully respecting individual national sovereignty.

“This initiative is a long-term investment reflecting Leonardo’s major commitment to building a strong industrial and technological partnership with Malaysia while contributing to the development of high specialised local human capital. In a world where cyber self-reliance has become the new currency of stability, we enable National Strategic Organizations to assure security and continuity of their operations leveraging our Global CyberSec Platform. Through this investment in Malaysia, our objective is to support the transformation of critical infrastructures, such as National Cloud and National Security Operation Centers, into autonomous strategic assets”. States Andrea Campora, Leonardo’s Managing Director Cyber & Security Solutions Division.

The inauguration of the new regional Cyber Center in Malaysia represents a key milestone in Leonardo’s long-term strategy of expanding its international presence in the country and throughout the region. The initiative, combined with recent acquisitions in Zero Trust architecture, further strengthens Leonardo’s leading role in ensuring global security, and consolidates Malaysia as a crucial and strategic hub for the Southeast Asia and, in perspective, for the Far East.

Leonardo has had an established presence in Malaysia for over forty years, making a significant contribution to its defence and aerospace sectors. Over the decades, the company has supported the country with a comprehensive portfolio of advanced solutions, including helicopters for military and commercial operations, military aircraft, integrated defence systems – such as radar and both naval and electronic warfare capabilities – and security solutions for critical infrastructure and mission-critical communications.

Photo 

CVC, one of the world’s leading private markets investment firms, today announced that it has entered into an agreement to acquire Smiths Detection, a global leader in threat-detection and security-screening technologies for airports and critical infrastructure, from Smiths Group plc. Leveraging CVC’s extensive experience in executing corporate carve-outs and history of scaling newly independent companies, Smiths Detection is well placed to build on its strong market positions and unlock substantial long-term value.

Headquartered in the UK, Smiths Detection employs 3,400 people, including over 1,100 field service engineers and over 500 R&D professionals and operates from facilities across Europe, the US and Asia. The business has a global #1 position in aviation security – i.e. screening technology for carry-on bags, hold luggage, and air cargo at airports – where it serves 47 of the world’s top 50 airports, with both industry-leading hardware and sector-leading digital capabilities, including automated detection algorithms. Smiths Detection also serves other critical infrastructure end markets such as urban security (screening systems for government and commercial buildings, public venues and spaces ) and ports and borders (cargo and vehicle inspection) and the business has a leading niche chemical threat identification capability for defense end markets.

Dominic Murphy, a Managing Partner and Co-Head of the UK private equity team at CVC and Conor Keogh, Managing Director at CVC, said: “Smiths Detection’s industry-leading threat detection and security screening technologies play a crucial role in helping protect people and critical infrastructure worldwide. We look forward to supporting the business during the next phase of its growth and development through continued investment in technology innovation, high-quality engineering and best-in-class aftermarket service.”

James Mahoney, Partner and Head of CVC’s private equity activities in the Aviation, Defence & Space sectors added: “We are excited to partner with Jérôme de Chassey and his team. Smiths Detection’s strong market positions, anchored by its global leadership in aviation, create a compelling platform for long-term value creation.”

The transaction is subject to customary regulatory approvals and is expected to close in the second half of 2026. Barclays acted as financial advisor and Latham & Watkins acted as legal counsel to CVC. 

The investment will be made through CVC Capital Partners IX.

BANGKOK — Asian shares were mixed Wednesday after stocks on Wall Street held steadier as both bond yields and bitcoin stabilized.

U.S. futures rose and oil prices edged higher.

Tokyo’s Nikkei 225 jumped 1.6% to 50,063.65 on big gains for technology shares like Tokyo Electron, which jumped 5.6%. Adventest, a maker of computer chip testing equipment, surged 6.9%.

Technology and telecoms giant SoftBank Group Corp. surged more than 8% following reports that its founder, Masayoshi Son, regretted having to sell shares in computer chip maker Nvidia to help pay for other investments. The company’s share price sank after it announced last month that it had sold the shares for $5.8 billion.

South Korea’s Kospi also got a lift from tech shares, gaining 1.2% to 4,042.40. Shares in Samsung Electronics, the country’s biggest company, rose 1.8%.

But Chinese markets declined following the release of data showing weaker factory activity.

Hong Kong’s Hang Seng fell 1.1% to 25,797.24, while the Shanghai Composite index shed 0.3% to 3,885.36.

Australia’s S&P/ASX 200 edged 0.2% higher, to 8,595.20.

On Tuesday, the S&P 500 rose 0.2% to 6,829.37. The Dow Jones Industrial Average added 0.4% to 47,474.46, and the Nasdaq composite gained 0.6% to 23,413.67.

Boeing soared 10.1% and was one of the strongest forces lifting the S&P 500. Chief Financial Officer Jay Malave said the plane maker expects growth next year in an underlying measure of how much cash it produces.

Database company MongoDB also helped lead the market, jumping 22.2% after it delivered stronger results for the latest quarter than analysts expected.

They helped offset a 6.8% drop for Signet Jewelers, which gave a forecast for revenue in the holiday shopping season that fell short of analysts’ expectations. The jeweler said it’s expecting “a measured consumer environment.”

Another potential warning about U.S. shoppers’ strength came from the chief financial officer of Procter & Gamble, the giant behind Tide detergent and Ivory soap, whose shares slipped 1.1%.

The U.S. economy has been holding up overall, but that’s masking sharp divisions beneath the surface. Lower-income households are struggling with higher prices while richer households are benefiting from a stock market that’s within 1% of its all-time high set in late October.

In the bond market, Treasury yields calmed following their jumps the day before. The 10-year yield edged down to 4.08% from 4.09% late Monday, while the two-year yield eased to 3.51% from 3.54%.

Higher yields can drag prices lower for all kinds of investments, and those seen as the most expensive can take the biggest hit.

Monday’s climb in Treasury yields came after the governor of the Bank of Japan hinted that it may raise interest rates there soon. But hopes are still high that the Federal Reserve will cut its main interest rate when it meets in Washington next week.

The Japanese central bank is likely to raise its benchmark rate at its Dec. 19 meeting, Tan Boon Heng of Mizuho Bank in Singapore, because failing to do so could lead investors to sell off Japanese yen.

“Yet, delivering a ‘done deal’ hike may perversely deny any appreciable JPY (Japanese yen) gains, whilst boosting long-end yields,” he said in a report.

The Fed has already cut its overnight interest rate twice this year in hopes of shoring up a slowing job market. But lower rates can fan inflation, which has stubbornly remained above its 2% target.

Complicating things is the U.S. government’s earlier shutdown, which delayed reports on the job market and other areas of the economy.

In other dealings early Wednesday, bitcoin, which tumbled below $85,000 on Monday as bond yields worldwide marched higher, rose to $94,000.

U.S. benchmark crude oil edged 3 cents higher to $58.67 per barrel. Brent crude, the international standard, gained 4 cents to $62.49 per barrel.

The U.S. dollar slipped to 155.68 Japanese yen from 155.87 yen. The euro rose to $1.1645 from $1.1626.

___

AP Business Writers Matt Ott and Stan Choe contributed.