Financial and Investment Updates

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AeroVironment Secures Deal to Upgrade SkyRange Hypersonic Test Drones With Data Receiver Systems

AeroVironment has secured a $43-million deal to provide phased array receiver technology for the US Department of Defense’s SkyRange program, a major effort focused on enhancing hypersonic missile testing...

Lockheed Martin Lands $407M Deal for Guam Missile Defense Expansion

Lockheed Martin has received a $407-million contract modification from the US Missile Defense Agency to continue work on Guam’s next-generation missile defense system. A Pentagon notice stated that the...

General Dynamics Secures $2.3B Deal for Virginia-Class Block VI Submarines

General Dynamics Electric Boat has secured a contract modification worth up to $2.3 billion from the US Navy for work related to Virginia-class Block VI submarines. The undefinitized contract...

RTX Expands Florida Radar Manufacturing With $26.5M Investment

RTX has announced a $26.5-million investment to expand the Largo, Florida, operations of Collins Aerospace, aiming to increase production of advanced aviation radar and defense communication systems. The project...

Front Ventures Raises $5.9M to Back Ukrainian Defense Tech Startups

Front Ventures, a Swedish investment company, has secured 5 million euros ($5.9 million) in new funding to invest in Ukrainian and Nordic defense startups developing combat-tested drones, software platforms,...

Norway Commits $304M for Patriot Interceptor Support to Ukraine

Norway has committed nearly 2.8 billion kroner ($304 million) to support NATO’s PURL (Prioritized Ukraine Requirements List) program, with part of the funding allocated for Patriot air defense interceptors....

Poland Finalizes $52B EU Defense Financing Agreement

Poland on Friday became the first country to finalize a loan deal with the European Commission under the SAFE defense financing initiative, unlocking almost 44 billion euros ($52 billion)...

United States Department of State Clears $540M Boeing C-17 Globemaster III Support Deal for Canada

The United States Department of State has cleared a possible $540-million foreign military sale to support Canada’s fleet of Boeing C-17 Globemaster III airlifters. The proposed package includes maintenance...

Kopin Corporation Lands $21.5M Deal for Thermal Weapon Sight Assemblies

Kopin Corporation has landed a $21.5-million follow-on agreement to provide thermal imaging assemblies for a portable US military weapons platform. The company said the contract involves manufacturing a specialized...

US Clears $4 Billion Patriot Missile Deal for Qatar

Washington has cleared a $4 billion Patriot missile sale to Qatar and authorized almost $1 billion in precision weapons sales to Israel, the US announced Friday. According to State...