Financial and Investment Updates - Weeklydefencenews

July 18, 2026
Admin
Weapons and Munition

Lokesh wins ₹58.2 crore Army weapon contract

Recent discussions regarding the possible presence of Indian-origin sonar technology within Taiwan’s indigenous submarine program have generated considerable attention, although no official confirmation has been provided by either government....

July 16, 2026
Admin
Blog

South Korea Builds AI Defense Robotics Hub

South Korea Invests $36M to Build AI Defense Robotics Innovation HubSouth Korea has announced a 50-billion-won ($36 million) investment to establish an AI defense robotics innovation cluster aimed at...

July 10, 2026
Admin
Blog

Greensea IQ secures Marine robotics contract

The US Marine Corps is strengthening its expeditionary mine countermeasure capabilities through the acquisition of additional Bayonet 250 autonomous underwater vehicles developed by Greensea IQ. Designed for operations across...

July 10, 2026
Admin
Blog

Lockheed wins major Apache sustainment deal

Lockheed Martin has secured a major support contract to sustain and modernize the advanced targeting and pilot vision systems installed on AH-64 Apache attack helicopters worldwide. The Modernized Target...

July 3, 2026
Admin
Unmanned Systems

UK unveils $6.6B military drone expansion

The United Kingdom has unveiled a major defense investment focused on expanding the use of unmanned military systems, committing more than £5 billion over the next four years. The...

June 25, 2026
Admin
Naval Platforms

HII secures major US Navy fleet support deal

HII will continue supporting critical shipboard operations across the US Navy after securing a major multi-year contract focused on maintaining elevator and cargo handling systems aboard aircraft carriers and...

June 23, 2026
Admin
Weapons and Munition

UAE Orders EOS Slinger Counter-UAS Systems Under $124M Contract

The UAE has awarded Electro Optic Systems a contract worth $124 million for the acquisition of its Slinger counter-drone remote weapon system, reinforcing the platform’s growing global customer base....

June 12, 2026
Admin
Communication and Electronics

Alta Ares raises $57M for AI defense growth

French-Ukrainian defense technology company Alta Ares has secured €50 million in funding to accelerate production and development of its AI-enabled air defense systems. The company specializes in autonomous detection,...

June 11, 2026
Admin
Communication and Electronics

$52M Deal Signed for Navigation Jammers

In a significant boost to indigenous electronic warfare capabilities, the Indian Navy will receive 20 advanced GNSS jammers under a new contract awarded to Accord Software and Systems. Valued...

June 11, 2026
Admin
Missile & Missile Defence

South Korea Approved for AMRAAM Missiles

Washington has authorized a potential sale of AIM-120C-8 AMRAAM missiles worth approximately $292 million to South Korea, further strengthening the country’s air combat capabilities. The package includes 70 beyond-visual-range...