Financial and Investment Updates - Weeklydefencenews

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...

May 20, 2026
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Air Platforms

LUCAS Drone Gets Autonomous Pilot

has been selected to provide its Hivemind autonomy software for integration into the Pentagon’s Low-Cost Uncrewed Combat System loitering munition. The AI-enabled software will equip the drone with autonomous...

May 19, 2026
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Air Platforms

Apache, Howitzer Support Deal Approved

India is set to receive expanded support for its Apache helicopters and M777A2 artillery systems after the US approved two defense sustainment packages valued at more than $428 million....

May 19, 2026
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Air Platforms

South Korea approved for US helicopter sale

South Korea has received US approval for a multibillion-dollar military helicopter procurement package that includes advanced Seahawk naval helicopters and Apache upgrade programs. The MH-60R helicopters will strengthen Seoul’s...

May 19, 2026
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Air Platforms

Belgium F-35s to receive strike missiles

The US State Department has cleared Belgium’s request to procure AGM-184 Joint Strike Missiles for its F-35 fleet in a deal worth up to $236 million. The package covers...