Financial and Investment Updates - currentdefencenews.com

June 23, 2025
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Missile & Missile Defence

Updates Regarding the Barak MX System.

The BARAK MX is a multi-layered air defense system capable of countering various airborne threats, including fighter jets, ballistic missiles, cruise missiles, rockets, and anti-ship missiles. It is already...

June 23, 2025
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Unmanned Systems

Teledyne FLIR’s Black Hornet 4 Nano-Drone Gains Approval on Defense Innovation Unit’s Blue UAS List.

Teledyne FLIR Defense, a division of Teledyne Technologies, has announced that its Black Hornet® 4 Personal Reconnaissance System has passed cybersecurity and NDAA verification, earning its place on the...

June 19, 2025
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Naval Platforms

GDEB Secures $987 Million Contract Modification for Long-Lead Materials and Submarine Construction Costs.

General Dynamics Electric Boat, a subsidiary of General Dynamics, has announced a $987 million modification to its existing submarine production contract. The new agreement enhances efforts in component development,...

June 18, 2025
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Air Platforms

Lithuania Selects Embraer’s C-390 Millennium Transport Aircraft to Bolster Military Readiness.

The Ministry of National Defence of Lithuania has officially selected the Embraer C-390 Millennium as the country’s next-generation military transport aircraft. This decision represents a major milestone in boosting...

June 18, 2025
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Communication and Electronics

Safran and Babcock Deepen Franco-British Defence Cooperation with New Memorandum of Understanding.

Safran Electronics & Defense, a leading provider of advanced defence technologies, and Babcock International Group have announced plans to deepen their collaboration across multi-domain mission systems, aircraft engines, space...

June 18, 2025
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Air Platforms

Lockheed Martin Reveals Groundbreaking Performance Results for the C-130J Super Hercules.

Lockheed Martin continues to push the boundaries of tactical airlift with the C-130J Super Hercules, announcing a significant milestone in wing structure testing that surpassed all expectations by confirming...

June 17, 2025
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Unmanned Systems

Shield AI Progresses Combat-Ready Autonomy with Second MQ-20 Avenger Test Flight.

Shield AI, a leading deep-tech company specializing in advanced autonomy software and defense aircraft, has successfully completed its second flight demonstration of the Hivemind mission autonomy software on the...

June 16, 2025
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Unmanned Systems

US Navy Awards Curtiss-Wright $31M IDIQ Contract for Triton UAV Mission Processors

Curtiss-Wright Corporation announced today that it has been awarded a $31 million firm-fixed-price IDIQ contract by the Naval Surface Warfare Center (NSWC) to supply Airborne Mission Processors (AMP) and...

June 16, 2025
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Missile & Missile Defence

Italy Acquires Advanced Medium-Range Air-to-Air Missiles

The U.S. State Department has approved a potential Foreign Military Sale (FMS) to Italy for Advanced Medium-Range Air-to-Air Missiles (AMRAAM) and associated equipment, with an estimated value of $211...

June 16, 2025
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Unmanned Systems

Saab and General Atomics Collaborate on Unmanned Airborne Early Warning System.

Saab has announced a strategic partnership with General Atomics Aeronautical Systems (GA-ASI) to jointly develop an Unmanned Airborne Early Warning (UAEW) solution. The new system will be based on...