Financial and Investment Updates - globaldefencemagazine.com

Spain OKs $305M Pizarro IFV Modernization Plan

Spain’s Council of Ministers has approved a €261.8 million ($305 million) program to modernize 121 Pizarro infantry fighting vehicles (IFVs) currently serving in the Spanish Army. The effort, which...

Lockheed to Equip Saildrone USVs With JAGM

Lockheed Martin has announced a $50 million strategic investment in Saildrone to integrate its JAGM Quad Launcher onto the Saildrone Surveyor unmanned surface vehicle (USV). The integration effort, to...

Germany & NL Spend €4.5B on 222 SCHAKAL IFVs

Germany and the Netherlands have strengthened their defense collaboration with the signing of a €4.5 billion contract through OCCAR to acquire 222 new SCHAKAL infantry fighting vehicles, further expanding...

US Army Adds $14M for Barrett MK22 Rifles

The United States Army has announced an expansion of its current contract with Barrett Firearms, increasing the deal by $14.2 million for the procurement of additional MK22 rifle barrel...

US Army Orders $640M in 155mm Artillery Shells

The US Army has announced a substantial investment of nearly $640 million to procure 155mm High Explosive artillery rounds, underscoring its commitment to reinvigorating munitions production under the Special...

US Air Force Puts $4M Into 3D-Printed Rocket Fuels

Firehawk Aerospace, a US-based defense startup, has secured a $4-million contract from the US Air Force to develop 3D-printed solid rocket propellants aimed at extending missile range. The project...

Australia Plans $8B Nuclear Submarine Shipyard

Australia has announced an initial investment of 12 billion Australian dollars ($8 billion) to expand and modernize its shipyard facilities in Perth, Western Australia. The project, spread across the...

Kosovo Plans $1.1B Drone and Military Upgrade Push

Kosovo has unveiled an ambitious defense plan valued at over 1 billion euros ($1.1 billion) aimed at boosting the capabilities of the Kosovo Security Force (KSF). According to reports,...

Army Taps Anduril for Mixed Reality Helmet

Anduril Industries has entered into a $159-million deal with the US Army to prototype its next-generation soldier interface under the Soldier Borne Mission Command program…

$2M Army AI Prize Won by Six Teams

Six firms won the Army’s AI Grand Challenge, splitting $2M for tools that enhance military data use. Ozni AI led with its COMbINE engine. Winners advance to an accelerator...