NEWS - defencenews.online

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

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

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

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

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
Procurement & Contracts

Serbia unveils armed IKA-20-M drone

PR-DC has introduced a new armed version of its IKA-20-M military multicopter platform equipped with a 7.62mm machine gun capable of firing up to 250 rounds during a single...

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

Airbus wins Italy A330 tanker contract

Italy has awarded Airbus a $1.6-billion contract for six A330 Multi Role Tanker Transport aircraft and long-term logistics support. The new fleet will replace Italy’s aging Boeing KC-767 tanker...

May 20, 2026
G.Krish
Procurement & Contracts

Northrop delivers 1,000th SABR radar

Northrop Grumman has delivered its 1,000th APG-83 SABR radar, marking a major milestone in the modernization of legacy fighter aircraft such as the F-16. The Scalable Agile Beam Radar...

May 19, 2026
G.Krish
Financial and Investment Updates

US approves Apache support deal for India

The United States has approved two military support packages worth a combined $428.2 million for India’s Apache attack helicopters and M777A2 ultra-light howitzers. The Apache support package includes engineering,...