Financial and Investment Updates - Weeklydefencenews

June 1, 2026
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Land Platforms

Tank Sensors, FCS Deal Awarded to Elbit

India’s MiG-29UPG fleet is entering a critical modernization phase focused on maintaining combat effectiveness and reducing reliance on overseas support networks. With retirement plans deferred until Tejas Mk2 fighters...

May 28, 2026
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Land Platforms

Rheinmetall wins $1.18B German Army vehicle deal

Rheinmetall has secured a major 1.015-billion-euro contract from the German Armed Forces to supply more than 2,000 military logistics vehicles under a long-term procurement framework. The order includes 8×8,...

May 27, 2026
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Unmanned Systems

Elbit secures $1.4B Europe defense deal

Israeli defense company Elbit Systems has secured a major $1.4-billion contract to support a broad military modernization effort for a European customer. The agreement includes autonomous unmanned platforms, software-defined...

May 27, 2026
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Missile & Missile Defence

US boosts Freedom Eagle-1 missile output

AeroVironment is expanding production of its Freedom Eagle-1 kinetic interceptor after receiving additional US government funding to accelerate manufacturing for counter-drone operations. Designed to defeat Group 2 and Group...

May 25, 2026
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Naval Platforms

Arcfield wins $75M Navy submarine contract

Arcfield has secured a $75-million follow-on contract from the US Navy Undersea Warfare Center Division Newport to continue supporting the Code 25 submarine combat control systems program. The five-year...

May 20, 2026
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Weapons and Munition

$24M Deal Covers RCH155 Trials

has been selected by the UK government to conduct testing and assurance work for the British Army’s newly acquired RCH155 self-propelled artillery system under an 18-million-pound contract. The evaluation...

May 20, 2026
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Unmanned Systems

$7.5M Drone Asset Deal Announced

is expanding its military drone portfolio through a planned acquisition of Skip Dynamix’s drone business assets in a transaction valued at up to $7.5 million. The agreement merges Draganfly’s...

May 20, 2026
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Air Platforms

$991M Contract Boosts F-35 EW

has secured a contract valued at nearly $1 billion to deliver hundreds of electronic warfare upgrade kits for the F-35 Lightning II fleet. The modifications are believed to support...

May 20, 2026
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Communication and Electronics

AI Sensing Startup Arkeus Secures Funds

has secured 25 million Australian dollars in new investment funding to expand development of AI-powered sensing systems for military and defense customers. The company specializes in autonomous perception technologies...

May 20, 2026
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Missile & Missile Defence

CC-130J Fleet Gets Major Support Deal

The Canadian government has awarded contracts totaling $1.15 billion to maintain and upgrade the Royal Canadian Air Force’s fleet of CC-130J Hercules transport aircraft. The first agreement extends long-term...