Financial and Investment Updates - globaldefencemagazine.com

EU approves $92M for FAMOUS vehicle program

The European Commission has approved €79 million for Phase 3 of the FAMOUS program, led by Patria, to develop next-generation armored vehicles. With a total budget of €115 million,...

Netherlands invests $293M Ukraine drone production

The Netherlands has committed €248 million to joint drone production with Ukraine under the “Build with Ukraine” initiative. The program enables Ukrainian defense firms to establish production in NATO...

US gives Northrop $475M hypersonic interceptor deal

The US Missile Defense Agency has expanded its contract with Northrop Grumman by $475 million to accelerate the development of the Glide Phase Interceptor, raising the total value to...

Sikorsky gets $65M Black Hawk procurement deal

Sikorsky, a Lockheed Martin company, has been awarded a $65 million contract to procure materials for 10 UH-60M Black Hawk helicopters. This early-stage investment reduces production risks and supports...

US Army Awards $465M Night Vision Deal

The US Army’s decision to award a contract worth up to $465 million to L3Harris Technologies marks a significant milestone in the modernization of battlefield visibility systems. The program,...

Rheinmetall Picks Theon for $47M FCS Deal

Rheinmetall’s selection of Theon Sensors to supply a stabilized electro-optical system marks a significant advancement in armored vehicle fire control technologies. The agreement integrates Theon’s PHYLAX sensor suite into...

US Navy Awards $55M Submarine Upgrade Deal

The United States Navy has awarded General Dynamics Mission Systems a $55-million contract to upgrade the AN/BYG-1 submarine combat control system. This system plays a critical role in undersea...

Netherlands Expands Patriot System With $627M Deal

The Netherlands has awarded Raytheon a $627-million contract to procure Patriot air and missile defense systems, reinforcing its national security infrastructure. This agreement builds upon a previous $529-million procurement...

Raytheon Wins $708M StormBreaker Bomb Order

The US Department of Defense has awarded Raytheon a $708.9 million contract for the production of GBU-53B StormBreaker precision-guided bombs. The agreement includes not only the munitions but also...

Greece Signs $750M Rocket Deal With Elbit

Greece has awarded a $750-million contract to Elbit Systems for the acquisition of PULS rocket artillery systems as part of its long-term military modernization plan. The deal includes launchers,...