Financial and Investment Updates

defencenews.online > NEWS > Financial and Investment Updates

May 27, 2026
G.Krish
Financial and Investment Updates

Elbit Secures $1.4 Billion European Military Modernization Deal

Israeli defense firm Elbit Systems has been awarded a $1.4-billion contract to support a large-scale military modernization program for an undisclosed European customer. The five-year agreement focuses on enhancing...

May 27, 2026
G.Krish
Financial and Investment Updates

US Expands Funding for AeroVironment Counter-Drone Missile Production

The US government has committed an additional $20.2 million to AeroVironment to expand production capacity for its Freedom Eagle-1 (FE-1) kinetic counter-drone missile. The funding will support the expansion...

May 25, 2026
G.Krish
Financial and Investment Updates

Arcfield secures new US Navy deal to continue engineering support for submarine combat control systems

The US Navy Undersea Warfare Center Division Newport has awarded Arcfield a follow-on contract worth $75 million to continue supporting the Code 25 submarine combat control systems (CCS) programme...

May 20, 2026
G.Krish
Financial and Investment Updates

US boosts counter-drone push with contract

Perennial Autonomy has received a US military contract worth up to $500 million to support counter-drone operations through AI-enabled interception systems. The agreement includes platforms such as the Merops...

May 20, 2026
G.Krish
Financial and Investment Updates

QinetiQ to test UK Army RCH155 howitzer

QinetiQ has secured an £18-million ($24 million) contract from the UK’s National Armaments Director Group to conduct testing and assurance work for the British Army’s new Remote Controlled Howitzer...

May 20, 2026
G.Krish
Financial and Investment Updates

Draganfly acquires Skip Dynamix drone assets

Canadian drone manufacturer Draganfly has agreed to acquire key assets from Skip Dynamix’s drone business in a deal worth up to $7.5 million. The acquisition expands Draganfly’s portfolio of...

May 20, 2026
G.Krish
Financial and Investment Updates

Pentagon backs major F-35 EW upgrade

The US Department of Defense has awarded Lockheed Martin a $991-million contract to produce 432 electronic warfare modification kits for the F-35 Lightning II fighter aircraft. The upgrades are...

May 20, 2026
G.Krish
Financial and Investment Updates

Arkeus raises $18M for AI sensing systems

Australian defense technology company Arkeus has raised 25 million Australian dollars ($18 million) in Series A funding to accelerate development of its AI-powered battlefield sensing systems. The company specializes...

May 20, 2026
G.Krish
Financial and Investment Updates

Canada upgrades CC-130J fleet with $1.15B deal

Canada has approved 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 package includes...

May 20, 2026
G.Krish
Financial and Investment Updates

Shield AI equips LUCAS drone with AI pilot

The US has partnered with Shield AI to integrate Hivemind autonomy software into the Low-Cost Uncrewed Combat System (LUCAS), a loitering munition designed for large-scale swarm operations. Inspired by...