Thales said its US subsidiary received a $53.9 million Navy contract for two remote mine-hunting modules and engineering support.
Reuters reported that Advanced Acoustic Concepts will provide modules designed to detect, locate and classify underwater mines from stand-off distances. The reported award covers two modules plus support.
Options for additional modules could increase the total value to about $196.2 million, but that larger amount is a potential ceiling rather than committed spending.
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A senior Chinese financial regulator said the global AI investment boom is concentrating capital in a small group of technology companies and raising wider credit risks.
Palantir forecast fourth-quarter revenue above analysts' estimates after third-quarter sales nearly doubled, although slower commercial contract growth concerned investors.
Supermarket refrigeration systems malfunctioned across seven European countries after apparent remote intrusions exposed weaknesses in internet-connected industrial controls.