Financial and Investment Updates - globaldefencemagazine.com

$2.07B Contract Expands Borsuk Fleet

Poland continues to strengthen its military modernization drive with a new contract valued at 7.5 billion zloty ($2.07 billion) for 146 Borsuk infantry fighting vehicles. The agreement represents another...

Germany awards Rheinmetall $1.18B vehicle deal

Turkey is accelerating development of the Bayraktar KIZILELMA unmanned combat aircraft as part of its broader push toward advanced indigenous aerospace capability. Designed for carrier-capable and high-speed operations, the...

Elbit lands major Europe defense contract

Israel’s Elbit Systems has secured a major $1.4-billion defense modernization contract from an unnamed European customer, further expanding the company’s growing footprint across Europe. The agreement includes autonomous unmanned...

US expands Freedom Eagle missile output

AeroVironment has received an additional $20.2-million US government investment to expand production of its Freedom Eagle-1 kinetic counter-drone interceptor missile. The funding will support a major facility expansion in...

Arcfield secures Navy submarine support deal

Diehl Defence has successfully demonstrated its Ziesel unmanned ground vehicle firing Spike LR anti-tank guided missiles during a live-fire campaign conducted with Rafael and EuroSpike GmbH. The lightweight tracked...

Airbus wins Italy A330 tanker contract

Italy has signed a €1.39-billion contract with Airbus for six A330 MRTT aerial refueling aircraft along with long-term logistics support. The new tankers will replace Italy’s aging Boeing KC-767...

US boosts counter-drone push with contract

Perennial Autonomy has won a US military contract worth up to $500 million to provide AI-enabled counter-drone systems for deployed forces. The agreement includes platforms such as the Merops...

QinetiQ to test UK Army RCH155 howitzer

QinetiQ has secured an £18-million contract from the UK’s National Armaments Director Group to test and evaluate the British Army’s new RCH155 artillery system. The assessment will cover ammunition...

Draganfly acquires Skip Dynamix drone assets

Canadian defense company Draganfly is expanding its military drone portfolio through a deal worth up to $7.5 million to acquire assets from Skip Dynamix’s drone business. The agreement combines...

Pentagon backs major F-35 EW upgrade

Lockheed Martin has received a $991-million Pentagon contract to deliver 432 electronic warfare modification kits for F-35 Lightning II fighter jets. The upgrades are expected to support the Block...