Financial and Investment Updates - globaldefencemagazine.com

Arkeus raises $18M for AI sensing systems

Australian defense technology company Arkeus has raised 25 million Australian dollars in Series A funding to expand its AI-powered battlefield sensing systems for allied military markets. The company develops...

Canada upgrades CC-130J fleet support

Canada has signed contract amendments worth $1.15 billion with Lockheed Martin to extend maintenance and modernization support for the Royal Canadian Air Force’s CC-130J Hercules fleet. The first agreement,...

Shield AI equips LUCAS drone with AI pilot

The United States has partnered with Shield AI to integrate the company’s Hivemind autonomy software into the Pentagon’s Low-Cost Uncrewed Combat System (LUCAS). The AI-enabled software will provide advanced...

US clears $4.2B helicopter deal for Korea

The United States has approved military helicopter sales worth more than $4 billion to South Korea as Seoul continues strengthening its defense partnership with Washington. The package includes 24...

US clears missile sale for Belgium F-35s

Belgium is moving to strengthen the combat power of its F-35 fighter fleet after the US approved a potential $236 million sale of AGM-184 Joint Strike Missiles (JSMs). The...

US approves Apache support deal for India

The US has approved two military support packages for India valued at a combined $428.2 million, aimed at sustaining the country’s Apache helicopters and M777A2 ultra-light howitzers. The Apache...

British Army signs $1.33B deal for 72 RCH 155 howitzers

The UK has signed a major contract worth nearly £1 billion to acquire 72 RCH 155 self-propelled howitzers as a replacement for its aging AS-90 artillery systems. Developed through...

Pentagon SkyRange Fleet Gets New Receivers

AeroVironment will deliver its proprietary PANTHER phased-array telemetry antennas under a new $43-million agreement supporting the Pentagon’s SkyRange hypersonic weapons testing effort. Installed aboard modified RQ-4 Global Hawk unmanned...

Lockheed wins Guam missile defense contract

The US Missile Defense Agency has awarded Lockheed Martin a $407-million contract modification to advance development of Guam’s integrated missile defense architecture. The project focuses on engineering, testing, and...

General Dynamics wins $2.3B sub deal

The US Navy has awarded General Dynamics Electric Boat a not-to-exceed $2.3-billion undefinitized contract modification supporting the Virginia-class Block VI submarine program. The agreement funds long-lead materials procurement and...