Financial and Investment Updates - currentdefencenews.com

February 23, 2026
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Naval Platforms

Canberra Awards Austal Major Shipbuilding Pact

The Australian Army is expanding its maritime mobility through a new fleet of heavy landing craft. Designed for large-scale transport, combat support, and disaster relief, the vessels represent a...

February 20, 2026
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Soldier Systems

Italy Weighs 60% Military Expansion

Italy is considering increasing its armed forces personnel from about 170,000 to 275,000 over the next 18 years. The proposal, presented to Defense Minister Guido Crosetto, would include a...

February 20, 2026
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Weapons and Munition

BAE Adds IR Seeker to APKWS

The US Air Force has awarded BAE Systems a contract worth up to $145 million to develop and deliver an infrared-guided air-to-air counter-drone weapon based on the APKWS rocket...

February 20, 2026
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Unmanned Systems

Terra Bags $34M for Security Tech

Nigerian drone developer Terra Industries has raised $34 million to expand production of its autonomous security systems. The funding, led by Lux Capital, will support manufacturing growth, hiring, and...

February 20, 2026
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Unmanned Systems

UK Funds Nyan Kamikaze Drone

The UK has awarded Callen-Lenz a £4.99-million contract for its Nyan One Way Effector loitering munition. The system, already used by Ministry of Defence departments, is registered on the...

February 10, 2026
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Land Platforms

US Approves $185M Parts Sale to Ukraine

The US State Department has approved a potential $185-million foreign military sale to Ukraine covering Class IX spare parts and associated logistics support for previously supplied equipment. The package...

February 9, 2026
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Weapons and Munition

Turkey, Egypt Seal $350M Defense Agreement

Turkey and Egypt have concluded a $350-million defense cooperation agreement that combines arms exports with joint industrial production initiatives. The deal, signed between Turkey’s MKE and Egypt’s Ministry of...

February 9, 2026
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Land Platforms

Germany, Sweden Order Kongsberg RWS

Kongsberg Defence & Aerospace has secured a 140-million-euro contract with Patria to deliver several hundred Protector RS4 remote weapon stations for Germany’s and Sweden’s CAVS 6×6 vehicle fleets. Germany...

February 9, 2026
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Weapons and Munition

Vietnam Signs $250M Rafael Deal

Vietnam’s Ministry of Defense has reportedly finalized a $250-million agreement with Israel’s Rafael Advanced Defense Systems to locally manufacture the Spike Firefly loitering munition. Production will occur at a...

February 9, 2026
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Land Platforms

Excalibur Wins $300M SEA Contract

Excalibur Army has secured a $300-million contract from a Southeast Asian customer for more than 100 Patriot armored vehicles in multiple mission configurations. Built on the Tatra 4×4 chassis,...