Financial and Investment Updates - globaldefencemagazine.com

US backs Latvia’s coastal defense upgrade with Naval Strike Missile program

The US Navy has awarded Kongsberg Defence and Aerospace a $45.5-million contract to provide the Naval Strike Missile Coastal Defense System to Latvia. The agreement, issued through the Foreign...

Leidos Wins $454M Deal to Upgrade USAF Cloud One

Leidos has been awarded a $454.9-million contract to support the modernization of the US Air Force’s Cloud One platform, which hosts and manages a wide range of military applications...

Australia Invests $125M in Bluebottle USV Fleet

Australia has committed 176 million Australian dollars to expand its fleet of Bluebottle unmanned surface vessels. The investment includes the procurement of 40 additional vessels from Ocius Technology, increasing...

US Approves $930M HIMARS Sale to Sweden

The United States has approved a $930-million foreign military sale of Lockheed Martin’s M142 HIMARS rocket artillery systems to Sweden. The proposed deal includes 20 HIMARS launchers along with...

Med-Eng Wins $86M Contract for Blast Seats

Med-Eng, a subsidiary of Cadre Holdings, has secured contracts worth $86.4 million to supply blast-attenuation seating systems for Mowag Eagle armored vehicles produced by General Dynamics European Land Systems....

Lockheed Invests $150M in Alabama Missile Plant

Lockheed Martin plans to invest more than $150 million to expand its missile production facility in Pike County, Alabama. The investment will increase manufacturing capacity for several major US...

US Firm Invests in Israeli Drone Maker Aerodrome

US defense technology company EagleNXT has announced a strategic investment in Israeli defense startup Aerodrome to strengthen its position in autonomous defense technologies and loitering munition systems. The agreement...

Canada Commits $663M for Drone Defense Research

Canada has announced plans to invest more than 900 million Canadian dollars to expand research and development in drone and airborne defense technologies. The initiative will be led by...

GE Aerospace Announces $1B US Expansion

GE Aerospace has announced a $1-billion investment to expand defense manufacturing capacity and increase aircraft engine production across the United States. The funding will support facilities in more than...

Indra Leads $10.5M Defense Electronics Program

Indra Group is leading an initiative to establish Spain’s first domestic gallium nitride (GaN) technology ecosystem to strengthen the country’s defense electronics and communications capabilities. The project, known as...