Financial and Investment Updates

latestdefencenews.com > News > Financial and Investment Updates

July 30, 2026
Admin
Financial and Investment Updates

US Navy Awards $76.7B Contracts for Virginia and Columbia Submarines

General Dynamics Electric Boat and Huntington Ingalls Industries’ Newport News Shipbuilding have received US Navy contract modifications totaling $76.6 billion to continue production of the Columbia- and Virginia-class submarine...

July 24, 2026
Admin
Financial and Investment Updates

UK Awards $946M Contract to BAE Systems for Future Combat Air Development

The UK government has signed a £708 million ($946 million) agreement with BAE Systems to accelerate the development of next-generation technologies for the Future Combat Air System (FCAS). The...

July 18, 2026
Admin
Financial and Investment Updates

Indian Army Awards Lokesh Machines ₹58.21 Crore Contract for 7.62mm Gun Upgrade Kits

Shares of Lokesh Machines climbed 2% to hit the upper circuit at ₹323.10 after the company announced that it had secured a ₹58.21 crore contract from the Master General...

July 16, 2026
Admin
Financial and Investment Updates

South Korea Launches $36M AI Defense Robotics Innovation Hub

South Korea has unveiled plans to invest approximately 50 billion won ($36 million) in a new AI defense robotics innovation cluster that will unite government, academia, defense companies, and...

July 10, 2026
Admin
Financial and Investment Updates

US Marine Corps Awards Greensea IQ $3.7M Contract for Bayonet 250 UGVs

The US Marine Corps is expanding its autonomous mine countermeasure capabilities by ordering four additional Bayonet 250 autonomous underwater ground vehicles from Greensea IQ under a $3.7 million contract....

July 10, 2026
Admin
Financial and Investment Updates

Lockheed Martin Wins $502M Contract to Sustain Apache Targeting Systems

Lockheed Martin has secured a $502 million US Army contract to support the advanced targeting and night vision systems deployed on AH-64 Apache helicopters serving both the United States...

Britain commits $6.6B to drone capabilities

The British government has launched an unprecedented drone modernization initiative worth more than £5 billion over four years. The funding will support new unmanned capabilities across the Army, Royal...

June 25, 2026
Admin
Financial and Investment Updates

HII Secures $418 Million US Navy Maintenance Contract

The HII has secured a five-year, $418 million contract from the Naval Sea Systems Command to support the maintenance and repair of elevator and cargo handling systems installed on...

June 23, 2026
Admin
Financial and Investment Updates

UAE Expands Counter-Drone Defenses With Slinger System Procurement

Electro Optic Systems has secured a $124 million contract from the UAE for its Slinger counter-unmanned aerial system remote weapon platform, further strengthening the system’s international adoption. The deal...

June 16, 2026
Admin
Financial and Investment Updates

New aircraft designed for drone-era combat

Germany is strengthening its unmanned aviation industry through a partnership involving Rheinmetall, ERC System, and the state of North Rhine-Westphalia to industrialize production of the Victor U250 heavy-lift drone....