RENK orders rise 33.6% as military vehicle demand pushes backlog to record €7.6 billion
RENK Group said orders rose 33.6% to €1.66 billion in the first nine months of 2026, helped by new business for Leopard 2 tank and Patria TRACKX transmissions.
Rheinmetall cuts 2026 sales forecast to €13.2 billion after project and ammunition delays
The German defence group had previously expected revenue of €13.7 billion to €14.2 billion.
Hanwha WB Advanced System breaks ground on Polish factory to produce CGR080 missiles
Established in September 2025, HWBAS is owned 51% by Hanwha Aerospace and 49% by WB Electronics, a WB Group subsidiary.
Helsing delivers mission software source code to Germany for future air combat systems
Helsing has delivered the source code for its Mission Operating System Bundeswehr to Germany’s defence procurement agency, giving the state ownership of software intended to underpin future air combat systems.
Fincantieri and Leonardo strengthen naval partnership to develop Italian and overseas business
Fincantieri and Leonardo have signed a letter of intent to strengthen Orizzonte Sistemi Navali, their joint venture involved in some of Italy’s principal warship programmes.
Raytheon to develop all-optical signal processing for DARPA to speed threat response
Raytheon has received a DARPA contract to develop a system that processes signals entirely with light, removing the need to convert them into electrical signals.
Leidos expands production capacity to build thousands of cruise missiles for U.S. strike arsenal
Leidos is preparing to produce thousands of affordable long-range cruise missiles, coordinating factory capacity and component supplies for two weapons programs.
RENK acquires David Brown Defence to expand naval propulsion business in the UK
RENK Group has completed its acquisition of David Brown Defence, adding submarine propulsion technology to its portfolio and extending its involvement in British and international naval programmes.
ASELSAN signs cooperation agreements to support defence market expansion in Australia and Canada
ASELSAN has signed agreements with Australian engineering company ECLIPS and Canadian investment firm CIEL Capital as it pursues growth in both defence markets.
Hypersonica raises €100 million to accelerate development of European hypersonic deep-strike systems
Hypersonica has raised €100 million to step up testing and development of hypersonic deep-strike systems it aims to develop by 2029.
Indra backlog tops €22 billion as defence revenues double and IRIS² contracts lift orders
Indra Group’s backlog reached €22.165 billion at the end of September 2026, up from €9.512 billion a year earlier, as orders grew across its businesses.
Mehler Systems agrees to buy majority stake in Bulgaria’s MARS Armor
Germany’s Mehler Systems has agreed to acquire a majority stake in Bulgarian ballistic protection manufacturer MARS Armor, extending its presence in Eastern Europe.