Business

Germany’s Rheinmetall Exits Civilian Auto Sector in $401M Deal

German defense contractor Rheinmetall has agreed to sell its Power Systems automotive division to Munich-based industrial group AEQUITA for a provisional $404.1 million.

Read More »

Picogrid Raises $45M to Scale Defense Systems Integration Platform

California-based tech company Picogrid has raised $45 million in a Series A round led by Bessemer Venture Partners.

Read More »

Draganfly to Absorb Skip Dynamix Drone Assets in $7.5M Deal

Draganfly has signed an agreement to acquire assets of Skip Dynamix’s drone business in a deal worth up to $7.5 million, expanding its portfolio of low-cost unmanned aerial systems for military and security missions.

Read More »

Indra to Lead Two Projects in Latest $819M European Defence Fund Round

Spanish defense firm Indra will take part in 15 projects funded under the European Defence Fund (EDF), including leading two programs.

Read More »

L3Harris Missile Unit Secures $1B Pentagon Investment Ahead of Public Listing

The US Department of Defense has completed a $1-billion investment to expand L3Harris Technologies’ Missile Solutions segment, boosting production of key missile components and preparing the firm for a stock market debut later this year.

Read More »

South Korea’s LIG Defense Opens First US Subsidiary

South Korean firm LIG Defense & Aerospace has launched its first US subsidiary as part of efforts to expand its presence in the American market.

Read More »

Rheinmetall Buys Majority Stake in Croatia’s UGV Developer DOK-ING

German defense company Rheinmetall has signed an agreement to acquire a 51 percent stake in Croatian unmanned ground vehicle manufacturer DOK-ING, expanding its capabilities in autonomous systems.

Read More »

Echodyne Expands Radar Production With New Washington Facility

US radar technology company Echodyne has announced plans to open a new manufacturing and warehouse facility.

Read More »

Excalibur, Aselsan Launch European Joint Venture

Czech defense contractor Excalibur International and Turkey’s state-owned Aselsan have teamed up to launch an European-based joint venture to expand their international reach.

Read More »

Milrem Robotics, EOS to Enhance Mission-Ready UGV Systems

Estonian defense contractor Milrem Robotics and EOS Defence Systems in Australia have signed a teaming agreement to advance unmanned ground vehicle capabilities and explore opportunities in combat autonomy.

Read More »