Financial and Investment Updates - Weeklydefencenews

September 12, 2025
Admin
Unmanned Systems

Kosovo Plans $1.1B Drone, Defense Boost

The Kosovo government will invest over €1 billion to advance defense self-sufficiency, funding indigenous drone projects, ammunition facilities, and joint activities with Albania. The plan also calls for expanding...

September 10, 2025
Admin
Soldier Systems

Army Picks Anduril for $159M AR Helmet

A major Army modernization push has taken shape with Anduril Industries securing a $159-million contract to develop a prototype helmet-mounted mixed reality system…

September 9, 2025
Admin
Communication and Electronics

Army AI Contest Awards $2M to Six Teams

The US Army’s xTech Program has awarded $2 million to six winners of its AI Grand Challenge, one of its largest competitions to date. The contest showcased AI tools...

August 22, 2025
Admin
Land Platforms

Israel to Expand Combat Fleet in Gaza War

Israel’s defense ministry will invest $1.5 billion to enhance tank and armored vehicle production, prioritizing Merkava tanks, Namer APCs, and Eitan 8×8 systems. The effort aims to modernize the...

August 21, 2025
Admin
Air Platforms

New Zealand Invests $1.6B in Submarine Hunters

New Zealand announced a $1.16B deal for Sikorsky MH-60R Seahawks and two Airbus A321XLRs. The helicopters, armed with torpedoes, Hellfires, and machine guns, will modernize anti-submarine warfare and replace...

August 20, 2025
Admin
Missile & Missile Defence

US Army, X-Bow Develop New GMLRS Motor

X-Bow Systems and the U.S. Army have launched a $13.9 million project to develop a new GMLRS rocket motor, aiming to improve the reliability and production of critical munitions....

August 15, 2025
Admin
Communication and Electronics

Europe Awards Elbit $1.6B C4ISR Contract

Elbit Systems wins a $1.6 billion package to supply European forces with advanced defense technologies, centered on AI-enabled solutions. The offerings include long-range artillery and a fleet of drones,...

August 13, 2025
Admin
Naval Platforms

Greece Eyes Korean Subs, Drones, Vehicles

South Korea has made three offers to Greece: (1) build new submarines and modernize the Greek Navy fleet, (2) provide combat drones that work with fighter jets, and (3)...

August 13, 2025
Admin
Air Platforms

AI Aims to Boost USAF Target Tracking

The US Air Force is spending $99M on a new AI project that helps aircraft track threats faster and more accurately. Known as ATA-AI, the system crunches massive amounts...

August 12, 2025
Admin
Weapons and Munition

$4B Loan Sought by Estonia for Rearmament

Estonia’s Ministry of Finance plans to borrow €3.6B for military acquisitions via an EU joint loan scheme. The funds will finance air defense, artillery munitions, and armored vehicles. This...