Defense Industry

News on defense companies, military procurement, arms exports, and global defense industry trends.

Australia forges ahead with 155mm ammo production

CHRISTCHURCH, New Zealand — Amid efforts to ramp up ammunition production in Australia, the government announced a A$72 million –…

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Paris defense show may be last chance to buy before war, CEO says

PARIS — This year’s Eurosatory defense show near Paris may be the last chance for European countries to shop for…

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Germany and France drop joint fighter jet project

BERLIN — The leaders of France and Germany have agreed to scrap a landmark project to develop and build a…

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The US Army wants thousands of air defense missiles to replace the Stinger

The U.S. Army plans to order thousands of next-generation, short-range air defense missiles to replace the aging FIM-92 Stinger. A new Army Request…

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Air Force Eyes Faster Software Updates for More Aircraft

The Air Force has embraced new technical approaches like open mission systems and rapid software updates for cutting-edge aircraft like…

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Rheinmetall sells struggling auto division to focus on defense

BERLIN — Germany’s Rheinmetall will sell its struggling automotive unit to Munich-based investment firm Aequita for about €350 million ($406…

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Davie and Kraken set to join forces on the production of USV in Canada

Québec-based Davie and UK-based Kraken Technology Group (Kraken) announced a strategic collaboration to establish Canadian production, integration and development of…

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Navy Awards $282.9M FF(X) Frigate Contract to HII’s Ingalls Shipbuilding

The Navy issued HII’s Ingalls Shipbuilding a $282.9 million contract award Tuesday to do lead yard work for the new…

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Pentagon’s FY27 budget seeks 85 F-35s, but most ride on reconciliation

The Pentagon’s fiscal 2027 budget request seeks 85 F-35 Lightning II fighters across the joint force, up from 47 in fiscal 2026.…

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Global military spending surges and reaches record high

VIENNA — Global military spending reached a new record of almost $2.9 trillion in 2025 − the 11th consecutive year…

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