Lockheed Martin posts $18 billion Q1 sales, expands Patriot, THAAD and PrSM missile production under new agreements
Lockheed Martin reported first quarter 2026 sales of $18.0 billion, unchanged from the same period a year earlier.
Rheinmetall wins multi-billion euro Bundeswehr contract for FV-014 loitering munitions with deliveries from 2027
Rheinmetall has signed a major framework contract with the Bundeswehr to supply FV-014 loitering munition systems.
Lockheed Martin wins U.S. Navy contract to integrate PAC-3 MSE missile into Aegis Combat System for first time
Lockheed Martin has been awarded a U.S. government contract to develop, integrate and test the PAC-3 Missile Segment Enhancement interceptor within the Aegis Combat System.
Lockheed Martin launches final GPS III satellite, enhancing constellation resilience and advancing next-generation IIIF system
Lockheed Martin and the U.S. Space Force have successfully launched the final satellite in the GPS III series, marking a milestone in the modernization of the Global Positioning System.
Australia to invest up to $7 billion in counter-drone defence, boosting sovereign capabilities and industry development
The Australian Government has announced plans to invest up to $7 billion in counter-drone defence capabilities over the next decade.
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Air
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U.S. Air Force and Netherlands formalize partnership on Collaborative Combat Aircraft development and prototyping
The U.S. Air Force and the Netherlands Ministry of Defence have formalized a partnership to acquire prototype Collaborative Combat Aircraft.
Leidos secures $617 million U.S. Army contract for IFPC Inc 2 air defense launchers, expanding total awards to $1.2 billion
Leidos has received a $617 million contract from the U.S. Army to produce additional launchers for the Indirect Fire Protection Capability Increment 2 system.
L3Harris delivers modified Boeing 777 research aircraft to NASA ahead of schedule to support global science missions
L3Harris Technologies has delivered a modified next-generation research aircraft to NASA ahead of schedule.
![Destinus completes flight test of Ruta Block 2 validating new launch architecture for scalable long-range strike capability [VIDEO]](https://defence-industry.eu/wp-content/uploads/2026/04/destinus-completes-flight-test-of-ruta-block-2-validating-new-launch-architecture-for-scalable-long-range-strike-capability-video.jpeg)
Destinus completes flight test of Ruta Block 2 validating new launch architecture for scalable long-range strike capability [VIDEO]
Destinus has completed a flight test of its Ruta Block 2 precision deep-strike system, marking a key milestone in long-range strike development.
Land
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KNDS expands BOXER vehicle production with new Munich line and partnership with DRÄXLMAIER to boost capacity
KNDS has inaugurated a new production line for its BOXER 8×8 wheeled vehicles at its Munich/Allach site.
U.S. Army tests BRAKER drone-delivered bunker-busting warhead in rapid development breakthrough at Redstone Arsenal
The U.S. Army has successfully tested a new air-delivered bunker-busting warhead designed for unmanned aerial systems.
ARCA Baltics Operations to invest €300 million in Kiviõli ammunition factory as Estonia targets production start in 2028
The Estonian Centre for Defence Investments has confirmed plans for a major ammunition production facility in North Kiviõli.
Tiberius Aerospace achieves first liquid-fuelled ramjet artillery launch from NATO-standard 155mm system
Tiberius Aerospace has announced a breakthrough in artillery technology following the successful test of a liquid-fuelled ramjet projectile.
Sea
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U.S. Navy seeks $377.5B FY2027 budget to expand fleet, boost readiness and advance Golden Fleet initiative
The U.S. Navy has unveiled its Fiscal Year 2027 budget request, seeking $377.5 billion to expand capabilities and restore maritime dominance.
Fincantieri to lead upgrade of Italian Navy PPA vessels to Full Combat System configuration under new contract
Fincantieri will lead the upgrade of PPA-class multipurpose combat ships to the Full Combat System configuration under a newly signed contract.
Babcock completes HMS Queen Elizabeth maintenance, restoring Royal Navy flagship to operational readiness
Babcock International Group has returned the Royal Navy’s flagship aircraft carrier HMS Queen Elizabeth to operational readiness following a planned maintenance programme.
Shield AI selected by U.S. Navy to compete for up to $800 million ISR services contract using V-BAT drone system
Shield AI has been selected by the U.S. Navy to compete for intelligence, surveillance and reconnaissance services under a contract framework valued at up to $800 million.
Space/C4ISR
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Northrop Grumman uses AI to cut spacecraft design time from years to hours in major shift for space engineering
Northrop Grumman said it is applying artificial intelligence to significantly accelerate spacecraft development.
BlackSky wins $25 million multi-year satellite intelligence contract with major international defense customer
BlackSky Technology has secured a competitive $25 million multi-year Assured contract with a major international defence customer.
U.S. Space Force cancels $6.27 billion GPS ground system program after delays, shifting focus to upgrades of existing control system
The U.S. Space Force has cancelled the Next-Generation GPS Operational Control Segment programme after years of delays and technical challenges.
Lockheed Martin launches final GPS III satellite, enhancing constellation resilience and advancing next-generation IIIF system
Lockheed Martin and the U.S. Space Force have successfully launched the final satellite in the GPS III series, marking a milestone in the modernization of the Global Positioning System.
