Financial and Investment Updates - Weeklydefencenews

May 18, 2026
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Land Platforms

British Army Orders 72 RCH 155 Guns

Britain has signed a $1.33-billion agreement for 72 RCH 155 artillery systems under its Mobile Fires Platform modernization effort aimed at replacing the long-serving AS-90 howitzer fleet. Developed by...

May 13, 2026
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Communication and Electronics

Pentagon SkyRange Fleet Gets Upgrade

AeroVironment will provide its next-generation PANTHER phased-array telemetry receivers for the Department of Defense’s SkyRange hypersonic testing initiative under a $43-million agreement. Installed aboard modified RQ-4 Global Hawk aircraft,...

May 12, 2026
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Missile & Missile Defence

Lockheed Wins $407M Guam Defense Deal

Lockheed Martin has received a $407-million contract modification from the US Missile Defense Agency to continue work on Guam’s integrated missile defense architecture. The effort expands development and certification...

May 12, 2026
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Naval Platforms

General Dynamics Wins $2.3B Sub Deal

The US Navy has awarded General Dynamics Electric Boat a $2.3-billion contract modification to support long-lead materials and early manufacturing work for Virginia-class Block VI submarines. The work, extending...

May 12, 2026
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Communication and Electronics

RTX Invests $26.5M in Radar Production

RTX is investing $26.5 million to expand Collins Aerospace’s Largo, Florida, facility to increase production of aviation radars and defense communication systems. The expansion will create over 100 jobs...

May 12, 2026
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Unmanned Systems

Swedish Firm Funds Drone Startups

Swedish investment firm Front Ventures has raised 5 million euros to invest in Ukrainian and Nordic defense startups developing battlefield-tested drones, software, and communications systems. The oversubscribed funding round...

May 11, 2026
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Missile & Missile Defence

Ukraine to Get Patriot Support From Norway

Norway has expanded its support for Ukraine by allocating approximately $304 million under NATO’s PURL mechanism, with part of the funding directed toward Patriot interceptor missiles. The initiative streamlines...

May 9, 2026
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Soldier Systems

$52B EU Loan to Modernize Poland Army

Poland has signed a landmark agreement with the European Commission under the SAFE programme, unlocking nearly 44 billion euros in preferential defence financing. The package is intended to reinforce...

May 7, 2026
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Air Platforms

Canada Gets $540M C-17 Sustainment Deal

Washington has cleared a major sustainment package for Canada’s C-17 Globemaster III transport aircraft fleet to ensure long-term operational availability and mission readiness. Valued at approximately $540 million, the...

May 7, 2026
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Communication and Electronics

US Awards Kopin Weapon Sight Contract

US defense technology firm Kopin has secured a follow-on order worth $21.5 million to provide advanced thermal imaging assemblies for a man-portable military weapon system. Although the customer was...