Financial and Investment Updates - currentdefencenews.com

September 9, 2025
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Communication and Electronics

Six Teams Win $2M in Army AI Contest

The US Army’s xTech Program selected six winners in its AI Grand Challenge, distributing $2 million in one of its largest prize pools. The competition showcased AI tools designed...

August 22, 2025
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Land Platforms

Israel OKs $1.5B Ground Fleet Boost

Israel has greenlit a $1.5-billion five-year plan to scale up production of Merkava tanks, Namer APCs, and Eitan AFVs, citing operational success in Gaza. Defense Minister Israel Katz said...

August 21, 2025
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Air Platforms

NZ to Buy $1.6B Sub-Hunting Helicopters, Aircraft

New Zealand will acquire five MH-60R Seahawk helicopters and two Airbus A321XLR aircraft in a $1.57B deal. The helicopters come armed with torpedoes, Hellfire missiles, and advanced systems, replacing...

August 20, 2025
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Missile & Missile Defence

X-Bow, Army Fund $13.9M GMLRS Rocket Motor

New Mexico-based X-Bow Systems and the U.S. Army are jointly investing $13.9 million to develop a new solid rocket motor for the Guided Multiple Launch Rocket System (GMLRS). The...

August 15, 2025
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Communication and Electronics

Elbit Secures $1.6B Arms Deal in Europe

Elbit Systems has signed a $1.6 billion deal to deliver two large technology bundles over five years, featuring embedded AI. The first set focuses on long-range precision artillery/rockets and...

August 13, 2025
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Naval Platforms

S.Korea Offers Defense Deals to Greece

South Korea has presented three major defense proposals to Greece as part of the EU’s €800B rearmament program. First, shipbuilder Hanwha Ocean offered help building new submarines and modernizing...

August 13, 2025
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Air Platforms

USAF Starts $99M AI Tracking Program

The US Air Force is advancing a $99 million project called ATA-AI (Advanced Tracking Architecture Using AI) to counter rapidly evolving threats. Launched in 2024, the initiative focuses on...

August 12, 2025
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Weapons and Munition

Estonia Seeks $4B EU Defense Loan

Estonia aims to secure up to €3.6B ($4.1B) through a European Commission-supported collective borrowing initiative to improve defense capabilities. Funds would cover air defense missiles, artillery, IFVs, and other...

August 5, 2025
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Soldier Systems

Taiwan Proposes New Defense Budget to Boost Drone and Missile Programs

Taiwan’s defense ministry is proposing a special $20–30 billion budget to boost its missile and drone capabilities. The plan, expected by month-end, marks the fourth special defense budget aimed...

July 22, 2025
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Land Platforms

Prague Warns of Funding Freeze Amid Caesar Howitzer Shipment Delays

Facing persistent delivery hurdles, the Czech Republic has announced its intent to freeze advance payments for 62 Caesar 8×8 howitzers following KNDS France’s failure to satisfy contractual requirements. Czech...