Financial and Investment Updates - globaldefencemagazine.com

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...

Israel Approves $1.5B Boost to Ground Combat Fleet

Israel has approved a $1.5 billion program to fast-track the production of tanks and armored vehicles, aiming to strengthen its ground forces during the ongoing Gaza conflict. The five-year...

New Zealand Invests $1.6B in Anti-Submarine Aircraft

New Zealand has unveiled plans to spend US$1.16 billion on a new fleet of Sikorsky MH-60R Seahawk helicopters designed for submarine-hunting missions. The acquisition aims to enhance the nation’s...

US Army, X-Bow Fund $13.9M Rocket Motor for GMLRS

New Mexico-based X-Bow Systems and the US Army have committed $13.9 million to develop and test a new solid rocket motor for the Guided Multiple Launch Rocket System (GMLRS)....

Elbit wins $1.6 billion European contract for weapons and C4ISR tech.

European defense modernization has been boosted by a $1.6B deal with Elbit Systems. The package features drones, rocket artillery, SIGINT, EW, and upgraded combat vehicle systems. Central to the...

USAF Launches $99M AI Project for Smarter Target Tracking

The US Air Force is advancing its $99-million Advanced Tracking Architecture Using AI (ATA-AI) initiative, launched in July 2024, to counter increasingly sophisticated threats. The program focuses on building...