Financial and Investment Updates - Weeklydefencenews

August 21, 2025
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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
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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
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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
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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
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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
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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...

August 5, 2025
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Soldier Systems

Taiwan Moves Ahead With New Budget to Enhance Missile and Drone Capabilities

Taiwan is preparing to introduce a $20–30 billion special military budget to enhance drone and missile capabilities amid growing threats from China. The funds will go toward procuring attack...

July 29, 2025
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Missile & Missile Defence

Lockheed Martin is given a $2 billion US contract for THAAD interceptors.

Lockheed Martin has secured a $2-billion contract from the US Missile Defense Agency to manufacture Terminal High Altitude Area Defense (THAAD) interceptors, with production to be carried out across...

July 22, 2025
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Land Platforms

Czech Republic May Halt Payments Due to Caesar Howitzer Delivery Setbacks

The Czech government is considering suspending advance payments for the acquisition of 62 Caesar 8×8 self-propelled howitzers from French defense contractor KNDS, citing repeated contractual non-compliance and ongoing delivery...

July 22, 2025
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Missile & Missile Defence

Washington Approves $620M Coastal Defense Missile Deal with Bulgaria

The United States has approved a prospective $620 million Foreign Military Sale to Bulgaria, encompassing a Naval Strike Missile Coastal Defense System and a range of supporting equipment. This...