Financial and Investment Updates - Weeklydefencenews

September 14, 2025
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Naval Platforms

Australia Builds $8B Nuclear Sub Shipyard

The Australian government has unveiled a A$12-billion plan to modernize Perth’s shipyards for nuclear submarine support under AUKUS. The upgrades, spanning 10 years, prepare Australia for US-built Virginia-class subs...

September 12, 2025
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Unmanned Systems

Kosovo Plans $1.1B Drone, Defense Boost

The Kosovo government will invest over €1 billion to advance defense self-sufficiency, funding indigenous drone projects, ammunition facilities, and joint activities with Albania. The plan also calls for expanding...

September 10, 2025
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Soldier Systems

Army Picks Anduril for $159M AR Helmet

A major Army modernization push has taken shape with Anduril Industries securing a $159-million contract to develop a prototype helmet-mounted mixed reality system…

September 9, 2025
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Communication and Electronics

Army AI Contest Awards $2M to Six Teams

The US Army’s xTech Program has awarded $2 million to six winners of its AI Grand Challenge, one of its largest competitions to date. The contest showcased AI tools...

August 22, 2025
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Land Platforms

Israel to Expand Combat Fleet in Gaza War

Israel’s defense ministry will invest $1.5 billion to enhance tank and armored vehicle production, prioritizing Merkava tanks, Namer APCs, and Eitan 8×8 systems. The effort aims to modernize the...

August 21, 2025
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Air Platforms

New Zealand Invests $1.6B in Submarine Hunters

New Zealand announced a $1.16B deal for Sikorsky MH-60R Seahawks and two Airbus A321XLRs. The helicopters, armed with torpedoes, Hellfires, and machine guns, will modernize anti-submarine warfare and replace...

August 20, 2025
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Missile & Missile Defence

US Army, X-Bow Develop New GMLRS Motor

X-Bow Systems and the U.S. Army have launched a $13.9 million project to develop a new GMLRS rocket motor, aiming to improve the reliability and production of critical munitions....

August 15, 2025
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Communication and Electronics

Europe Awards Elbit $1.6B C4ISR Contract

Elbit Systems wins a $1.6 billion package to supply European forces with advanced defense technologies, centered on AI-enabled solutions. The offerings include long-range artillery and a fleet of drones,...

August 13, 2025
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Naval Platforms

Greece Eyes Korean Subs, Drones, Vehicles

South Korea has made three offers to Greece: (1) build new submarines and modernize the Greek Navy fleet, (2) provide combat drones that work with fighter jets, and (3)...

August 13, 2025
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Air Platforms

AI Aims to Boost USAF Target Tracking

The US Air Force is spending $99M on a new AI project that helps aircraft track threats faster and more accurately. Known as ATA-AI, the system crunches massive amounts...