stc Group to Showcase Advanced Defense Solutions at World Defense Show 2024

stc Group is participating as a sponsor at the World Defense Show 2024 in Riyadh
stc Group is participating as a sponsor at the World Defense Show 2024 in Riyadh
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stc Group to Showcase Advanced Defense Solutions at World Defense Show 2024

stc Group is participating as a sponsor at the World Defense Show 2024 in Riyadh
stc Group is participating as a sponsor at the World Defense Show 2024 in Riyadh

stc Group is participating as a sponsor at the World Defense Show 2024, to take place from February 4 to 8 in Riyadh.
Held under the theme “Equipped for Tomorrow”, this second edition of the World Defense Show will showcase the future of defense through innovation and emerging technologies from around the world.
stc Group, along with its subsidiaries, participates in this year’s edition, showcasing its innovative products and solutions tailored for the defense and military sectors. These solutions include state-of-the-art communication systems, secure network infrastructure, satellite connectivity, AI, and advanced cybersecurity measures to ensure mission-critical operations remain resilient and secure.
In order to leverage the collective expertise and resources of key industry partners, and facilitate the development of innovative solutions that enhance security and defense capabilities, stc Group plans to establish strategic collaborations and ink memoranda of understanding. These partnerships will drive advancements in defense technology and enhance security capabilities through cooperation and innovation.
stc Group will participate in the panel session on Defense Innovation Units to explore and promote understanding of the role and impact of DIUs in the defense and military sectors. It will also discuss how DIUs facilitate collaboration and partnerships between the military, private sector, startups, and academia, to accelerate technology adoption.



Global Tech Outage to Cost Air France KLM Close to $11 mln

Air France planes are parked on the tarmac at Paris Charles de Gaulle airport, in Roissy, near Paris, Saturday, April 7, 2018. Some 30 percent of Air France flights were cancelled Saturday as strikes over pay rises appear to be intensifying. (AP Photo/Christophe Ena)
Air France planes are parked on the tarmac at Paris Charles de Gaulle airport, in Roissy, near Paris, Saturday, April 7, 2018. Some 30 percent of Air France flights were cancelled Saturday as strikes over pay rises appear to be intensifying. (AP Photo/Christophe Ena)
TT

Global Tech Outage to Cost Air France KLM Close to $11 mln

Air France planes are parked on the tarmac at Paris Charles de Gaulle airport, in Roissy, near Paris, Saturday, April 7, 2018. Some 30 percent of Air France flights were cancelled Saturday as strikes over pay rises appear to be intensifying. (AP Photo/Christophe Ena)
Air France planes are parked on the tarmac at Paris Charles de Gaulle airport, in Roissy, near Paris, Saturday, April 7, 2018. Some 30 percent of Air France flights were cancelled Saturday as strikes over pay rises appear to be intensifying. (AP Photo/Christophe Ena)

Air France KLM faces a hit of about 10 million euros ($10.85 million) from last week's global technology outage, finance chief Steven Zaat said on Thursday.

The group is one of the first airlines to disclose a cost linked to the disruption, Reuters reported.

"The expectation is that it will cost us around 10 million (euros)," Zaad said in a press call, adding that KLM and Transavia bore the brunt of the disruptions while Air France was not seriously affected.

A software update by global cybersecurity company CrowdStrike triggered systems problems that grounded flights, forced broadcasters off air and left customers without access to services such as healthcare or banking last Friday.

Delta Air Lines has been the slowest among major US carriers to recover from the outage. The carrier has cancelled more than 6,000 flights since Friday and analysts estimate the hit to its bottom line could be in the hundreds of millions of dollars. ($1 = 0.9213 euros)