Financial and Investment Updates - Weeklydefencenews

February 24, 2026
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Land Platforms

$73.5M Contract for Tank Engine Systems

Rolls-Royce Solutions America’s agreement to supply power-pack kits for Israel’s Merkava tanks strengthens the sustainment infrastructure of Israel’s armored forces. The modular design enables rapid replacement of major propulsion...

February 23, 2026
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Naval Platforms

Austal Secures $2.82B Army Landing Craft Deal

Australia has awarded Austal Defence a major contract to construct eight Landing Craft Heavy vessels for the Army. These ships will transport troops, armored vehicles, and heavy equipment, boosting...

February 20, 2026
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Soldier Systems

$7B Plan to Expand Italy Armed Forces

Rome is weighing a long-term expansion of its military workforce as NATO members commit to higher defense spending targets. The proposed 60-percent increase in troop numbers would align with...

February 20, 2026
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Weapons and Munition

APKWS Gets IR Upgrade for C-UAS

Responding to urgent counter-UAS requirements from US Central Command, the Pentagon is advancing an infrared-seeking APKWS variant capable of engaging maneuvering drones without continuous laser designation. By combining low-cost...

February 20, 2026
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Unmanned Systems

$34M Boost for Terra Defense Tech

Terra Industries’ new funding reflects rising demand for locally developed autonomous security solutions in Africa. With infrastructure investment increasing amid persistent security threats, the company is promoting domestically controlled...

February 20, 2026
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Unmanned Systems

$6.7M Invested in Nyan Strike Drone

Britain continues expanding its unmanned strike capabilities with the procurement of Callen-Lenz’s Nyan loitering munition. The award aligns with broader UK efforts to accelerate precision drone acquisition and strengthen...

February 10, 2026
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Land Platforms

$185M US Military Parts Deal for Kyiv

Washington has cleared a prospective $185-million defense sale to Ukraine focused on spare parts and sustainment equipment for US-origin systems already in service. The Class IX components will support...

February 9, 2026
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Weapons and Munition

$350M Turkey–Egypt Deal Expands Arms Ties

Ankara and Cairo have finalized a comprehensive defense package worth $350 million, blending military exports with industrial collaboration. Central to the agreement is the sale of the Tolga short-range...

February 9, 2026
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Land Platforms

Kongsberg RWS Selected for CAVS 6×6 Fleet

Under a major European armored vehicle program, Kongsberg will supply hundreds of Protector RS4 remote weapon stations to Patria for integration into German and Swedish CAVS platforms. The modular,...

February 9, 2026
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Weapons and Munition

Rafael Wins $250M Vietnam Contract

Vietnam has reportedly secured a $250-million deal with Rafael to domestically produce the Spike Firefly loitering munition under a licensed technology transfer framework. Designed for close-quarters and urban warfare,...