Corporate
Rheinmetall operating result jumps 74% on European defence demand, while F126 cancellation cuts 2026 sales outlook by €300 million
Rheinmetall Backlog reached €80.5 billion at the end of June, compared with €56 billion a year earlier.
Top Stories
Leonardo CEO says M-346 upgrades are fueling demand as Italian group presses bid in high-stakes U.S. Navy trainer contest
CSG takes strategic stake in Canada’s North Vector Dynamics, adding counter-drone missiles and hypersonic technology to defence portfolio
BAE Systems CEO says autonomous combat aircraft and low-cost drones will complement major platforms and support long-term growth
ICEYE secures first Scaleup Europe Fund backing in €1 billion Series F, valuing space intelligence group above €10 billion
EU defence spending jumps 20% to €418 billion in 2025, with budgets projected to approach €550 billion by 2029
Rauma Marine Constructions lays keel for final Pohjanmaa corvette, bringing Finland closer to a new ice-capable Baltic combat fleet
Featured
Northrop Grumman expects national security space sales above $7 billion amid rising U.S. missile defense and satellite servicing demand
Northrop Grumman expects its national security space business to generate more than $7 billion in 2026 sales as U.S. military demand expands
RENK posts record €1.2 billion first-half orders, expands profit margin and confirms 2026 outlook on sustained defence demand
RENK Group posted record first-half order intake of about €1.2 billion, supported by strong defence demand and its highest-ever quarterly intake
CBO puts U.S. Navy nuclear battleship fleet at $275 billion, with shipyard bottlenecks threatening broader fleet expansion plans
The U.S. Navy’s planned fleet of 15 nuclear-powered guided-missile battleships would cost about $275 billion through 2056, the Congressional Budget Office said
Rolls-Royce CEO sees autonomous propulsion opportunity in UK spending, MQ-25A milestone and German CCA engine project
Rolls-Royce expects government investment in unmanned military aircraft to expand the market for autonomous propulsion
Lockheed Martin CEO says company pre-funded Grizzly and MORFIUS counter-drone systems, seeks 1,000 units of each for U.S. and export markets
Lockheed Martin Chief Executive Jim Taiclet directed company teams to build 1,000 Grizzly and 1,000 MORFIUS counter-drone systems
HENSOLDT CEO says Freyja gains political momentum as Europe pursues a Patriot-like missile defense capability for Ukraine from 2027
HENSOLDT is seeking a larger role in Ukraine’s air and missile defence through its Freyja project with Ukrainian company Fire Point
HII and HD Hyundai Heavy Industries expand intelligent welding automation at Ingalls Shipbuilding to support U.S. Navy production
HII and HD Hyundai Heavy Industries are expanding welding automation at Ingalls Shipbuilding in Mississippi
Mistral and Uvision complete first HERO 120 acceptance tests for U.S. Army loitering-munition precision strike program
Mistral Inc. and Uvision completed the first Lot Acceptance Tests for HERO 120 loitering munitions supporting the U.S. Army
Industry spotlight
LandThe EMOC mortar carrier by EM&E Group: a solution conceived for today's operational scenarios
EM&E Group offers, through the EMOC, a system that combines mobility, precision, speed of response, and technological autonomy in a single platform.
Why Europe's rearmament needs trusted industrial partners
Air and missile defense: Israel completes Iron Dome upgrade tests with Iron Beam laser integration [VIDEO]
U.S. Marine Corps accepts six F-35Bs without radars as APG-85 delay is set to affect Air Force and Navy deliveries this year
Australia to order AIM-260 JATM in nearly $736 million deal, becoming first country outside U.S. to operate new long-range missile
Australia will invest almost $736 million to acquire AIM-260 Joint Advanced Tactical Missiles from the United States.
Boeing begins initial production of 300-nautical-mile JDAM Long Range weapon under $75 million U.S. Air Force contract action
The U.S. Air Force awarded Boeing a $75 million Undefinitized Contract Action for the BSU-111/B Payload Delivery Unit used in JDAM Long Range.
Northrop Grumman and Boeing link MQ-4C Triton and P-8A Poseidon in first automated maritime mission-control demonstration
The MQ-4C Triton supports intelligence, surveillance, reconnaissance and targeting missions.
Leonardo CEO says M-346 upgrades are fueling demand as Italian group presses bid in high-stakes U.S. Navy trainer contest
Leonardo expects demand for its M-346 aircraft to remain strong as it pursues a U.S. Navy trainer contract.
BAE Systems CEO says autonomous combat aircraft and low-cost drones will complement major platforms and support long-term growth
BAE Systems expects drones and autonomous systems to become a larger part of military forces without displacing combat aircraft, submarines and other high-end platforms.
Saab expects U.S. Air Force T-7A Red Hawk Milestone C to lift production as Indiana factory begins a multiyear financial recovery
Saab expects production of the T-7A Red Hawk trainer to accelerate after the U.S. Air Force reached Milestone C.
American Rheinmetall pitches Lynx XM30 as purpose-built Bradley replacement in U.S. Army contest against General Dynamics
American Rheinmetall leads a team that includes Textron Systems, Raytheon, L3Harris Technologies, Allison Transmission and Anduril.
Australia awards Aquaterro up to $160 million combat helmet contract to strengthen ADF protection and local defence support
The Australian government will invest up to $160 million over seven years in combat helmets for the Australian Defence Force.
HENSOLDT secures Bundeswehr series contract for dismounted Joint Fire Support Teams linking aircraft and artillery digitally
HENSOLDT has secured a series contract to equip the Bundeswehr’s dismounted Joint Fire Support Teams with integrated targeting, communications and fire-support systems.
CSG acquires German energetic-materials site and plans over €100 million investment in nitroglycerin and ammunition production
CSG has acquired the 57-hectare Gnaschwitz industrial site near Bautzen in Saxony and plans to invest more than €100 million in its initial development.
Lockheed Martin CEO says ATACMS production could move to Germany, opening Arkansas capacity for faster PrSM missile output
Lockheed Martin is working with Rheinmetall to move ATACMS production capacity to Germany, Chief Executive Jim Taiclet said.
VOP CZ starts Czech assembly of more than 200 CV90 vehicles as BAE Systems technology transfer moves programme into production
Czech state-owned defence company VOP CZ has begun assembling CV90 infantry fighting vehicles at its Šenov plant.
HII and HD Hyundai Heavy Industries expand intelligent welding automation at Ingalls Shipbuilding to support U.S. Navy production
HII and HD Hyundai Heavy Industries are expanding welding automation at Ingalls Shipbuilding in Mississippi.
Saab reports strong progress on Sweden’s A26 submarine programme while Polish order drives Baltic shipyard expansion and industrial cooperation
The Polish and Swedish programmes are pushing Saab to increase submarine production capacity at its Karlskrona shipyard.
Rolls-Royce says UK defence investment plan strengthens AUKUS outlook as submarine activity supports first-half growth
Rolls-Royce said the UK’s latest defence investment commitments had improved the outlook for its AUKUS-related business, while rising submarine activity supported stronger performance in the first half of 2026.
Rauma Marine Constructions lays keel for final Pohjanmaa corvette, bringing Finland closer to a new ice-capable Baltic combat fleet
Rauma Marine Constructions laid the keel for Finland’s fourth and final Pohjanmaa-class multi-role corvette at its Rauma shipyard on 4 August.
BAE Systems CEO says AUKUS submarines and Type 26 warships will anchor decades of allied naval investment across three markets
BAE Systems expects submarine and surface ship programs to support growth for decades.
ASELSAN equips Romania’s Contraamiral August Roman corvette with Turkish radar and combat systems in landmark NATO export
ASELSAN has equipped Romania’s Contraamiral August Roman corvette with an integrated package of Turkish-developed naval systems.
National Reconnaissance Office selects ICEYE US to deliver rapid commercial radar imagery for intelligence, defense and allied missions
ICEYE US has secured a contract under the National Reconnaissance Office’s Radar Commercial Augmentation program.
Rocket Lab wins $397 million U.S. Space Force contract to build and launch Flatellites for real-time airborne threat tracking
Rocket Lab has won a $397 million U.S. Space Force contract for a new airborne target-tracking constellation.
ICEYE secures first Scaleup Europe Fund backing in €1 billion Series F, valuing space intelligence group above €10 billion
ICEYE has secured the first investment from the European Commission-backed Scaleup Europe Fund, which co-led its €1 billion Series F financing.
Telesat wins 2.3 billion Canadian dollar military satellite contract to expand Arctic coverage and Lightspeed capacity
Telesat has secured a contract worth 2.3 billion Canadian dollars to provide military satellite communications across Canada’s Arctic.
Leidos to supply infrared sensors for 18 Sierra Space missile-tracking satellites supporting Golden Dome for America network
Leidos has been selected to equip 18 Sierra Space satellites with infrared missile-tracking payloads.
Hisdesat selects Airbus to build SpainSat NG-III secure communications satellite for Spain, NATO and allied forces
Airbus Defence and Space has secured a contract from Hisdesat to develop and build the SpainSat NG-III secure communications satellite.