Financial and Investment Updates - currentdefencenews.com

March 23, 2026
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Unmanned Systems

$117M Deal for P550 Recon Drones

The US Army has awarded AeroVironment a $117 million contract for its P550 unmanned aerial system, designed for long-range reconnaissance missions. The drone incorporates advanced AI and modular systems,...

March 19, 2026
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Soldier Systems

Abuja Funds Military Manufacturing Growth

A strategic partnership between Nigus International Investment and Elmirate Investment aims to boost Nigeria’s defense industry through a $200 million investment. The project will establish local manufacturing for key...

March 19, 2026
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Land Platforms

$1.8B Iveco Deal Boosts Ground Capabilities

Through its acquisition of Iveco’s defense business, Leonardo is enhancing its capabilities in land warfare systems. The addition of vehicle platforms complements its existing expertise in electronics and mission...

March 19, 2026
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Naval Platforms

Columbia-Class Program Secures Funding Boost

To ensure the future of its nuclear deterrence capabilities, the US Navy is investing heavily in the Columbia-class submarine program. With advanced stealth features and powerful missile systems, these...

March 17, 2026
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Unmanned Systems

AeroVironment Buys ESAero for $200M

AeroVironment has acquired Empirical Systems Aerospace for approximately $200 million, strengthening its capabilities in unmanned aircraft system development. ESAero’s expertise in hybrid propulsion, rapid prototyping, and certified manufacturing will...

March 13, 2026
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Communication and Electronics

USAF Cloud One Platform Modernization Contract

Leidos has secured a contract valued at 454.9 million dollars to modernize the Cloud One infrastructure used by the United States Air Force. Cloud One is a secure platform...

March 12, 2026
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Unmanned Systems

Canberra Expands Autonomous Maritime Fleet

The Australian government has ordered 40 additional Bluebottle unmanned surface vessels from Ocius Technology, expanding the navy’s autonomous maritime fleet to 55 units. The platform was developed jointly with...

March 11, 2026
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Weapons and Munition

Sweden Cleared for HIMARS, GMLRS Deal

Sweden is set to acquire 20 M142 HIMARS launchers under a $930-million foreign military sales agreement approved by the United States. The deal includes multiple types of guided rocket...

March 11, 2026
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Land Platforms

New Seats Ordered for Mowag Eagle Vehicles

Defense equipment supplier Med‑Eng has received contracts valued at $86.4 million to deliver blast-mitigation seating systems for Eagle V armored vehicles built by General Dynamics European Land Systems. The...

March 11, 2026
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Missile & Missile Defence

Alabama Missile Plant Expansion Announced

A major expansion project has been announced by Lockheed Martin for its missile production facility in Alabama. The company will invest over $150 million to upgrade infrastructure and support...