Financial Announcements - currentdefencenews.com

May 30, 2025
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Cybersecurity

UK to Invest $1.3B in New Offensive Cyber Unit, AI-Driven Targeting Network

“The UK is investing over one billion pounds ($1.3 billion) in building a new offensive cyber team and developing an artificial intelligence (AI)-enabled targeting network designed to speed up...

May 27, 2025
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Communication and Electronic

Sweden Unveils $501M Military Aid Package for Ukraine

Sweden has committed 4.8 billion Swedish krona ($501 million) to its 19th military aid package for Ukraine, which is at war. Through coordinated international initiatives, the measure aims to...

May 21, 2025
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Training and Simulation

UK Announces $400M Flight Training Upgrades for Navy, Air Force

The UK Ministry of Defence has invested 300 million pounds ($402.4 million) to strengthen the flight skills of the Royal Navy and the Royal Air Force in modern warfare....

December 23, 2024
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Land Platforms

Digital Dominance: How the M1A2 SEP is Reinventing the Abrams

General Dynamics Land Systems has been awarded an $18.9 million contract modification to provide technical support for the Abrams system. The work will be performed in Sterling Heights, Michigan,...

December 20, 2024
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Missile and Missile Defense

Standard Missiles at Sea: Raytheon’s SM-1 to SM-6 Legacy and Future

Raytheon has been awarded a $24.5 million contract modification by the U.S. Navy. This contract is specifically for the procurement of components to address “Megatron obsolescence” in support of...

December 20, 2024
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Land Platforms

Lithuania Buys Leopard 2A8 Tanks

Lithuania’s Defence Materiel Agency (DMA), operating under the Ministry of National Defence, has finalized a significant EUR 950 million contract with Germany’s Federal Office of Bundeswehr Equipment, Information Technology,...

December 20, 2024
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Land Platforms

Rheinmetall and KNDS Secure Contract to Deliver Digital Radio Equipment for 10,000 Bundeswehr Platforms

The ArGe D-LBO (Working Group for the Digitalization of Land-Based Operations), a joint venture between KNDS Deutschland and Rheinmetall, has been awarded a significant EUR 1.98 billion contract by...

December 19, 2024
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Air Platforms

Lifting the Future: The CH-53K and the Marines’ Heavy Lift Overhaul

Sikorsky Aircraft has been awarded three U.S. Navy contracts totaling $320.2 million to bolster the CH-53K helicopter program. The largest of these, valued at $175.7 million, is for the...

December 18, 2024
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Air Platforms

Super Hornet MYP-III Contract Finalized

Lockheed Martin has been awarded a $33.8 million contract modification by the U.S. Navy. This contract is for the supply of four test controller processors and ten infrared receivers...

December 18, 2024
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Land Platforms

Clavister to Equip CV90s with CyberArmour System

Sweden’s cybersecurity firm Clavister has won a SEK 53 million (USD 4.7 million) contract from BAE Systems Hägglunds to equip CV90 infantry fighting vehicles with its CyberArmour system. This...