BAE Systems grows DI unit with purchase of Eurostep
BAE Systems purchase of Sweden’s Eurostep will aim to boost the UK company’s digital intelligence division. (Image: BAE Systems)
BAE Systems and Swedish data sharing company Eurostep have been co-operating on projects for a number of years and the deal will help the development of the UK company’s digital asset management suite PropheSEA.
BAE Systems has purchased Swedish secure data sharing company Eurostep with plans to incorporate the smaller company into its digital intelligence business.
The move was described by BAE Systems as ‘the next evolution in an established relationship between the two companies which have worked together for many years’.
The statement continued: ‘The agreement brings together complementary capabilities in digital asset management, enabling defence and heavily regulated customers to optimise the operation, costs and through-life support of complex assets.’
A key Eurostep product, ShareAspace digital asset management suite, will be used to support the development of BAE Systems digital asset management suite PropheSEA.
PropheSEA has been designed to enable customers to consolidate and share their asset data securely, allowing assets to be managed proactively in an effort to reduce operating costs and maximise asset availability.
Dave Armstrong, group managing director at BAE Systems Digital Intelligence, said: ‘Having formed [the division] in early 2022 in response to growing customer demand for data, digital and intelligence capability, we’re now expanding our solutions to customers and help them tackle challenges of digital transformation.’
More from Defence Notes
-
![How UAE defence giant EDGE Group plans to double its exports]()
How UAE defence giant EDGE Group plans to double its exports
The UAE defence conglomerate has put an aggressive strategy in place to increase its share of exports while navigating the growing gap between East and West.
-
![US lawmakers warn that “more military spending is absolutely necessary” to ensure Pentagon’s readiness]()
US lawmakers warn that “more military spending is absolutely necessary” to ensure Pentagon’s readiness
The US Congress has raised concerns about how inflation rates and cuts in main acquisition programmes could affect the US military.
-
![Can the US overcome Russian and Chinese nuclear capabilities?]()
Can the US overcome Russian and Chinese nuclear capabilities?
Washington’s ageing inventory and the pace Moscow and Beijing have been modernising their capabilities put in check the US Nuclear deterrence.
-
![US FY2024 funding package passes as China closes military capability gap]()
US FY2024 funding package passes as China closes military capability gap
The Pentagon has been operating under temporary funding since October 2023, which has impacted its main acquisition and development programmes, increasing the capability gap between the US and China.
-
![NATO outlines future challenges as Ukrainian funding from US stalls]()
NATO outlines future challenges as Ukrainian funding from US stalls
In 2023, defence spending increased by an unprecedented 11% across European NATO countries and Canada. Since 2014, the group has spent an additional US$600 billion on defence.
-
![US Pentagon to reduce investments in main acquisition programmes over FY2025]()
US Pentagon to reduce investments in main acquisition programmes over FY2025
The DoD requested nearly US$850 billion to fund operations over the next fiscal year. Despite the amount being 1% higher than the FY2024 budget request, it has not covered the 3% inflation rate, which could impact the DoD’s main programmes in the medium and long term.
