Financial and Investment Updates - globaldefencemagazine.com

Italy Weighs $7B Military Expansion Plan

Italy is considering expanding its armed forces to 275,000 personnel by 2044, up from roughly 170,000 today. The proposal, presented to Defense Minister Guido Crosetto, would phase in increases...

BAE Adds IR Seeker to APKWS for USAF

The US Air Force has awarded BAE Systems a contract worth up to $145 million to develop and deliver an advanced infrared-guided counter-drone weapon based on the APKWS platform....

US Approves $185M Spare Parts Sale to Ukraine

The US State Department cleared a potential $185 million sale of Class IX spare parts to Ukraine, supporting vehicles and weapons already delivered. The package aims to boost sustainment...

Turkey, Egypt Seal $350M Defense Cooperation Deal

Turkey and Egypt have concluded a $350-million defense cooperation agreement aimed at expanding military trade and establishing joint defense production capabilities in North Africa. The deal was signed between...

Germany, Sweden Select Kongsberg RWS for CAVS

Kongsberg Defence & Aerospace has secured a €140-million contract with Patria to supply Protector RS4 remote weapon stations for the German and Swedish Common Armored Vehicle System (CAVS) 6×6...

Vietnam Signs $250M Deal for Local Spike Firefly

Vietnam’s Ministry of Defense has reportedly signed a $250-million agreement with Israel’s Rafael Advanced Defense Systems to locally manufacture the Spike Firefly loitering munition. According to Intelligence Online, production...

Excalibur Army Wins $300M Patriot Vehicle Deal

Excalibur Army has secured a $300-million contract from an undisclosed Southeast Asian customer for the delivery of more than 100 Patriot armored vehicles. The order includes multiple configurations tailored...

Overland AI Raises $100M for Autonomous Military Vehicles

US defense robotics firm Overland AI has raised $100 million in new funding to expand deployment of its autonomous ground vehicle technology across the US Armed Forces. The investment...

EU Backs Ukraine Loan to Buy More UK-Made Weapons

European Union member states have agreed that Ukraine can use a new €90-billion ($118 billion) loan facility to purchase a larger share of weapons from close allies such as...

Dassault Leads $200M Investment Round in Harmattan AI

Dassault Aviation has led a $200 million Series B investment round in Harmattan AI, a defense-oriented artificial intelligence firm, formalizing a strategic partnership focused on advancing AI-driven autonomy for...