Financial and Investment Updates

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Additional US Investment Boosts Freedom Eagle-1 Manufacturing Capacity

AeroVironment has received an additional $20.2 million in US government funding to scale up production of its Freedom Eagle-1 (FE-1) counter-drone missile system. The investment will fund the expansion...

US Navy awards Arcfield $75M follow-on contract to support AN/BYG-1 submarine combat systems

Arcfield has received a $75-million follow-on contract from the US Navy Undersea Warfare Center Division Newport to continue delivering engineering and support services for the Code 25 submarine combat...

Arkeus raises $18M for AI sensing systems

Australian defense technology company Arkeus has raised 25 million Australian dollars in Series A funding to accelerate the development of AI-powered battlefield sensing systems for allied military markets. The...

Hercules fleet support boosted by Canada

Lockheed Martin has secured $1.15 billion in updated contracts from Canada to maintain and modernize the Royal Canadian Air Force’s CC-130J Hercules transport aircraft. The agreements cover maintenance, repair,...

Autonomous pilot added to LUCAS UAV

Shield AI’s Hivemind autonomy platform will be integrated into the Pentagon’s LUCAS loitering munition under a new US partnership focused on advanced drone warfare capabilities. The AI-powered system enables...

US boosts counter-drone push with contract

Perennial Autonomy has secured a US military contract worth up to $500 million to expand AI-enabled counter-drone operations for deployed forces and critical infrastructure protection. The agreement includes the...

US clears $4.2B helicopter deal for Korea

The United States has approved military helicopter sales and upgrade packages worth more than $4 billion for South Korea as Seoul continues to modernize its armed forces against North...

US clears missile sale for Belgium F-35s

Belgium is moving to strengthen the combat capability of its F-35 fighter fleet following US approval for a potential $236-million sale of AGM-184 Joint Strike Missiles. The package includes...

US approves Apache support deal for India

Washington has cleared military support deals worth more than $428 million for India’s Apache attack helicopters and M777A2 ultra-light howitzers. The agreements include logistics support, engineering services, training, repairs,...

UK Orders RCH 155 Howitzers to Replace Aging AS-90 Fleet

The UK Ministry of Defence has signed a near 1-billion-pound agreement to acquire 72 RCH 155 artillery systems as part of its long-term effort to replace the aging AS-90...