Gecko Robotics Secures $71 Million Contract With U.S. Navy

by THEFUTURE.TEAM

March 17, 2026

Gecko Robotics secured a $71 million contract with the United States Navy to support ship inspection and maintenance. The agreement focuses on robotics used to improve repair processes across naval infrastructure. U.S. authorities are increasing spending on defense modernization, including shipbuilding and maintenance capacity.

Technology That Redefines Maintenance

Gecko Robotics develops robots designed to operate across ship hulls and industrial infrastructure. These systems use sensors and cameras to collect inspection data in real time. According to the company, maintenance timelines can be reduced from several months to a few days in certain cases. Inspection speeds are also higher compared with manual processes.

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A Push For Fleet Readiness

CEO Jake Loosararian said current maintenance processes require modernization to meet operational targets. The U.S. Navy aims to reach 80% fleet readiness by 2027. Gecko said its technology is designed to support faster repairs and improve the allocation of maintenance resources.

Disrupting Traditional Defense Contractors

U.S. defense agencies have increasingly engaged technology firms to upgrade existing systems. Companies such as Gecko Robotics are developing tools based on automation and data analysis. Loosararian said the effectiveness of AI systems depends on the quality of data collected during inspections. He added that software alone cannot replace physical infrastructure analysis.

Broad Industry Partnerships And Strategic Impact

Gecko Robotics works with companies across defense, energy and manufacturing sectors. Partners include L3Harris Technologies and Freeport-McMoRan. These collaborations focus on inspection systems used in industrial and defense environments.

A Future Defined By Disruption

Valued at $1.25 billion following a $125 million funding round in June, Gecko Robotics epitomizes the disruptive force of technological innovation in defense. As the U.S. continues to upgrade its military infrastructure, the integration of flight, aquatic, and climbing robotics is set to become a cornerstone of modern defense logistics, reaffirming the indispensable role of advanced technology in national security.

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Eurobank Wins Two Euromoney Awards Following Cyprus Merger

by THEFUTURE.TEAM

July 17, 2026

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

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Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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