Financial and Investment Updates - globaldefencemagazine.com

RTX invests in Florida radar expansion

RTX is investing $26.5 million to expand Collins Aerospace’s Largo, Florida, production facility to increase output of aviation radar and defense communication systems. The project will create more than...

Swedish firm backs Ukraine drone startups

Swedish investment company Front Ventures has raised 5 million euros to support Ukrainian and Nordic defense technology startups specializing in drones, communications systems, and battlefield software. The funding round...

Norway allocates $304M for Patriot missiles

Norway has announced an additional 2.8 billion kroner ($304 million) contribution to NATO’s Prioritized Ukraine Requirements List (PURL) initiative, including funding for Patriot air defense interceptors. The PURL framework...

Poland signs $52B EU military modernization deal

Poland has become the first nation to sign a loan agreement under the European Union’s Security Action for Europe (SAFE) initiative, securing approximately 43.7 billion euros to modernize its...

US clears $540M C-17 support for Canada

The US Department of State has approved a potential $540-million sustainment package for Canada’s fleet of C-17 Globemaster III strategic airlifters. The agreement includes maintenance support equipment, spare parts,...

Kopin wins $21.5M thermal sight contract

Kopin has secured a $21.5-million follow-on contract to provide thermal imaging assemblies for a portable US military weapon system, reinforcing the company’s growing role in advanced battlefield vision technologies....

US clears $4B Patriot missile sale to Qatar

The US State Department has approved major defense sales totaling nearly $5 billion, including Patriot missile systems for Qatar and precision-guided weapons for Israel. The $4 billion Patriot package...

Australia invests $855M in Bushmaster fleet

Australia has committed AUD 1.2 billion to strengthen the Australian Defence Force ground vehicle fleet. The plan includes acquiring 268 next-generation Bushmaster Protected Mobility Vehicle from Thales Group and...

L3Harris Missile Unit Gains $1B Before IPO Launch

The United States Department of Defense has completed a $1-billion strategic investment in L3Harris Technologies to significantly expand its Missile Solutions division. This funding supports infrastructure modernization, advanced research...

US Army awards L3Harris $65M ATACMS motor contract

L3Harris Technologies has secured a $65 million contract from the United States Army to produce propulsion components for the Army Tactical Missile System. The contract includes M124 rocket motors,...