Financial and Investment Updates - Weeklydefencenews

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...

May 19, 2026
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Air Platforms

India gets US nod for Apache support

India is set to receive expanded US defense support after Washington cleared $428.2 million worth of sustainment packages for Apache attack helicopters and M777A2 howitzers. Boeing, Lockheed Martin, and...

May 19, 2026
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Air Platforms

South Korea Approved for Helicopter Buy

Washington has cleared potential helicopter sales to South Korea valued at over $4 billion as Seoul continues strengthening its defense posture against North Korean threats. The approved deals include...

May 19, 2026
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Air Platforms

Belgium F-35 Fleet Gets JSM Missiles

The US State Department has approved a possible foreign military sale of AGM-184 Joint Strike Missiles to Belgium for integration with its F-35A fighter aircraft. Developed by Kongsberg, the...