Financial and Investment Updates - currentdefencenews.com

June 12, 2026
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Communication and Electronics

Funding boosts AI-powered air defense systems

Alta Ares is strengthening its position in the air-defense sector after securing significant new funding for expansion and innovation. The company’s AI-powered interceptor systems are designed to counter drones,...

June 11, 2026
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Communication and Electronics

India Buys Satellite Navigation Jammers

India’s Ministry of Defence has signed a contract worth 4.4 billion rupees ($46 million) with Bengaluru-based Accord Software and Systems for the supply of 20 Enhanced Capability Global Navigation...

June 11, 2026
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Missile & Missile Defence

US Clears $292M AMRAAM Sale to Korea

The US State Department has approved a potential $292-million Foreign Military Sale of AIM-120C-8 Advanced Medium Range Air-to-Air Missiles to South Korea. The proposed package includes 70 missiles, guidance...

June 8, 2026
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Missile & Missile Defence

Kongsberg secures missile production award

Kongsberg’s Joint Strike Missile continues to gain momentum among F-35 operators worldwide. The latest US Air Force order supports expanded production of a weapon that combines stealth compatibility, precision...

June 8, 2026
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Missile & Missile Defence

RTX Invests $100M in Missile Production

The US Air Force has awarded Kongsberg a contract worth approximately $240.9 million for the second production lot of Joint Strike Missiles (JSMs). The agreement covers missile production, containers,...

June 5, 2026
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Air Platforms

New Zealand Approved for Helicopter Deal

New Zealand is set to significantly upgrade its military aviation capabilities following US approval of a $1.5-billion sale of MH-60R helicopters and supporting equipment. The advanced rotorcraft are expected...

June 4, 2026
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Unmanned Systems

EU Approves $116M Aid for Lebanese Army

The European Union has approved a new 100-million-euro ($116-million) assistance package for the Lebanese Armed Forces as part of efforts to reinforce stability following a fragile ceasefire between Israel...

June 3, 2026
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Soldier Systems

US Army Awards Next-Gen Helmet Deal

The US Army has selected ArmorSource to provide 25,000 ACH Gen II ballistic helmets under a contract valued at $17.6 million. The next-generation helmet is engineered to deliver superior...

June 1, 2026
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Land Platforms

Poland Awards $2.07B Borsuk IFV Deal

Poland has strengthened its military modernization program by signing a contract worth approximately $2.07 billion with a consortium led by the Polish Armaments Group and Huta Stalowa Wola for...

June 1, 2026
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Land Platforms

Elbit Wins $350M Tank Upgrade Deal

The Indian Air Force is undertaking a comprehensive modernization and sustainment effort for its MiG-29UPG fighter fleet to ensure operational relevance through the 2030s while reducing dependence on foreign...