Business

Kratos to Acquire Israel’s Orbit for Satellite Communications

Kratos Defense & Security Solutions has announced plans to acquire Israel-based Orbit Technologies for $356.3 million.

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Denmark Orders Carl-Gustaf M4 Anti-Tank Weapons for $54 Million

Saab has signed a contract with Denmark’s defense procurement agency for the delivery of Carl-Gustaf M4 anti-armor rifles.

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Germany Offers Leopard Tanks, Marder IFVs to Brazil

Germany has offered Brazil a batch of 65 Leopard 2A6 main battle tanks and 78 Marder 1A5 infantry fighting vehicles.

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Hyundai Partners With Cochin Shipyard on India’s Landing Ships Program

HD Hyundai Heavy Industries has struck a partnership with Cochin Shipyard to collaborate on the Indian Navy’s landing ship program.

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Australian Startup Raises $46 Million for World’s First Hydrogen-Fueled Hypersonic Flight

Hypersonix Launch Systems has raised $46 million to support flight testing of the world’s first hydrogen-fueled hypersonic vehicle.

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MBDA Eyes Australian Production of Mistral Air Defense Missile

Australian munitions manufacturer NIOA has signed a memorandum with MBDA to produce Mistral very short-range air defense missile systems in Australia.

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Italy Greenlights Tata Motors’ $4B Acquisition of Iveco

Italy has given conditional approval for India’s Tata Motors to acquire mobility developer Iveco Group at $4.3 billion.

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Albania Authorizes State Firm KAYO to Produce Weapons and Ammunition

Albania has authorized KAYO to produce and market weapons, ammunition, and military equipment to expand its domestic defense industry.

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Rheinmetall Starts Building $346M Artillery Ammunition Plant in Lithuania

Rheinmetall has begun building a new artillery ammunition plant in Lithuania’s Baisogala to boost NATO’s defense production.

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China Markets $10K Feilong-300D Drone as Affordable Strike Option

China is marketing its Feilong-300D loitering munition to partners, pitching it as a cost-effective option to counter other exporters.

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