Financial and Investment Updates - globaldefencemagazine.com

South Korea clears $2.4B MH-60R Seahawk purchase

South Korea’s Defense Acquisition Program Committee has approved the procurement of additional Sikorsky MH-60R Seahawk maritime helicopters in a programme valued at approximately 3.24 trillion won ($2.4 billion). The...

South Korea uses AI to train 2.56M reservists

South Korea is examining the use of artificial intelligence to improve the management and mobilization of its large reserve force. The country’s Defense Ministry has commissioned a study aimed...

Saab secures ₹472 crore deal for 450 Carl-Gustaf M4s

Saab’s FFV Ordnance has emerged as the lowest bidder for the Indian Army’s proposed acquisition of 450 Carl-Gustaf M4 rocket launchers. The company quoted approximately ₹71.87 crore for the...

Philippines eyes Akash 1S deal with India

India’s defence relationship with the Philippines could expand beyond the BrahMos supersonic cruise missile, with Manila reportedly considering the indigenous Akash air-defence system for a future acquisition.Reports indicate that...

Boeing secures major Pentagon F-15 support award

The US Department of Defense has awarded Boeing a potentially $131.23 billion contract covering modernization, production, integration, repair, and sustainment of F-15 aircraft operated by the United States and...

UK boosts Giraffe 1X radar readiness with Saab deal

Saab UK has secured a £1.8 million agreement from the UK’s Defence Equipment and Support organization to support the British military’s Giraffe 1X radar fleet. The contract covers a...

Agile Defense expands Marine Corps cyber support

Agile Defense Receives $93.3 Million to Strengthen Marine Corps Digital InfrastructureAgile Defense has secured a series of contracts worth a combined $93.3 million to provide information technology and cyberspace...

HII expands AI-powered naval shipbuilding

Huntington Ingalls Industries has entered into performance-based production agreements valued at up to $900 million with GrayMatter Robotics and Path Robotics to expand physical AI and robotic automation across...

Aurelius secures $40M for counter-drone weapons

Aurelius Systems has secured $40 million to increase production of its directed-energy counter-drone platform as demand for autonomous air-defense technology continues to expand. The California-based company said the funding...

PDW wins $820M Pentagon drone production deal

The US Department of Defense’s Office of Strategic Capital (OSC) has issued a conditional loan commitment of up to $820 million to Performance Drone Works (PDW). The funding is...