News

Malaysia has secured a historic $94 million contract with South Korea for Haegung surface-to-air missiles to equip its Turkish-designed Littoral Mission Ships, marking the first export of this advanced system.

CSG Group, via Excalibur International, has signed nearly $2.5 billion in contracts for air defense systems with Southeast Asian customers, marking a major expansion in the region.

L3Harris Technologies (NYSE: LHX) has closed a $1 billion strategic investment from the Department of War (DoW) in its Missile Solutions (MSL) business, which it will use to expand and modernize facilities

The European Commission selected 57 collaborative R&D projects under the 2025 EDF, allocating €1.07 billion primarily for drones, autonomy, and partnerships with Ukrainian firms.[1]

The European Defence Agency has opened its Business-to-Business platform for EDF Matchmaking 2026, facilitating partnerships for upcoming defence R&D funding.[6]

Japan has revised its defense export rules to permit overseas sales of weapons, targeting countries with classified information agreements to foster new B2B opportunities in the Asian defense sector.

The European Commission has adopted a €1.5 billion work programme under the European Defence Industry Programme to enhance Europe's defence production and innovation ecosystem.

Fitch Ratings anticipates strong expansion in the European defence sector, projecting operating cash flow to reach €28 billion and capex to hit €10 billion in 2026.

Magnet Defense LLC announced a strategic partnership with Hanwha Defense USA (HDUSA) to produce Medium Unmanned Surface Vessels (MUSVs) for the U.S. Department of War. The partnership includes

The European Commission has adopted a €1.5 billion work programme under the European Defence Industry Programme (EDIP) to boost production of critical defence equipment across Europe.

The European Defence Agency has opened its Business-to-Business platform for EDF Matchmaking 2026, enabling defence contractors and partners to form strategic alliances for upcoming funding opportunities.

Saildrone, the world leader and most experienced operator of unmanned surface vehicles (UPSs), today unveiled the design of Saildrone Spectre – the result of two years of intensive development work, incorporating more than 10 years of experience in operating UPSs.

Europe's largest defence technology group Thales achieved nearly 10% organic sales growth in Q1 driven by surging defence deliveries.

The European Commission has approved a €1.5 billion work programme under the European Defence Industry Programme to enhance procurement and innovation.

The European Commission has approved a €1.5 billion program to modernize defense capabilities, enhance EU-Ukraine industry cooperation, and fund critical projects in anti-drone and missile defense systems.