Financial and Investment Updates - currentdefencenews.com

May 25, 2026
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Naval Platforms

US Navy awards combat systems support deal

The US Navy has awarded Arcfield a follow-on contract worth $75 million to continue engineering and technical support for submarine combat control systems, including the AN/BYG-1 platform. The program...

May 20, 2026
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Missile & Missile Defence

Canada Funds $1.15B Hercules Upgrade

Canada has signed contract amendments worth $1.15 billion with to continue maintenance and modernization support for the Royal Canadian Air Force’s CC-130J Hercules fleet. The agreements include a $462.5-million...

May 20, 2026
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Air Platforms

Shield AI Adds Autonomy to LUCAS

The US has partnered with to integrate the company’s Hivemind autonomy software into the Low-Cost Uncrewed Combat System (LUCAS) loitering munition. Developed for the Pentagon, the LUCAS platform is...

May 20, 2026
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Air Platforms

Airbus to Supply A330 Tankers to Italy

Italy has awarded a contract worth 1.39 billion euros ($1.6 billion) for six A330 MRTT aerial refueling aircraft and around 10 years of logistics support. The procurement will replace...

May 20, 2026
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Unmanned Systems

US Expands Counter-Drone With $500M

has secured a US military contract worth up to $500 million to support counter-drone operations under Joint Interagency Task Force 401. The agreement focuses on deploying scalable and lower-cost...

May 20, 2026
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Weapons and Munition

QinetiQ to Test Army RCH155 System

has received an 18-million-pound ($24-million) contract from the UK’s National Armaments Director Group to test and evaluate the British Army’s new RCH155 artillery system. The testing campaign will examine...

May 20, 2026
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Unmanned Systems

Draganfly Buys Skip Dynamix Assets

Canadian drone company has signed a deal worth up to $7.5 million to acquire assets from Skip Dynamix’s unmanned aerial systems business. The acquisition will combine Draganfly’s artificial intelligence,...

May 20, 2026
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Air Platforms

Pentagon Funds F-35 EW Upgrade

has been awarded a $991.12-million contract by the US Department of Defense to supply 432 electronic warfare modification kits for F-35 Lightning II fighter aircraft. The upgrades are expected...

May 20, 2026
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Communication and Electronics

Arkeus Raises $18M for AI Sensors

Australian defense technology company has raised 25 million Australian dollars ($18 million) in Series A funding to scale its AI-enabled battlefield sensing technology for allied defense markets. The company...

May 19, 2026
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Air Platforms

US Clears $4.2B Helicopter Deal

The United States has approved military helicopter sales worth more than $4 billion to South Korea, including 24 MH-60R Seahawk naval helicopters and upgrades for the country’s Apache attack...