mergers and acquisitions • Page 2 of 4

Mar- 2026 -

5 March

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.

Feb- 2026 -

11 February

Business

Rojoef Manuel

BAE Systems’ Bofors Unit Buys Swedish Machining Firm Aston Harald

BAE Systems’ Swedish subsidiary Bofors has absorbed the Kristinehamn-based defense contractor Aston Harald Mekaniska Verkstad AB.

10 February

Business

A Tatra Force military truck equipped with Aselsan Korkut air defense system

Rojoef Manuel

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.

Jan- 2026 -

27 January

Business

EDGE Group and Barzan Holdings leaders during a joint venture agreement signing in Doha

Rojoef Manuel

UAE, Qatar Expand Defense Ties With EDGE-Barzan Joint Venture

EDGE Group and Barzan Holdings have agreed to form a joint venture that will develop advanced defense technologies, deepening industrial cooperation between the UAE and Qatar.

8 January

Business

Skelmir S12, a torpedo-like unmanned underwater vehicle

Rojoef Manuel

Rhode Island Merger Bolsters Acoustic Sensing for Undersea Warfare

Rhode Island-based Vatn Systems has acquired Crewless Marine in Warren, a move aimed at improving its in-house capabilities in underwater acoustic sensing and signal processing.

Dec- 2025 -

17 December

Business

Image taken during flight testing of Zone 5’s interceptor. (Source: Zone 5 Technologies)

Rojoef Manuel

Norway’s Kongsberg to Acquire California Missile Company

Norwegian defense contractor Kongsberg Group has agreed to acquire a majority stake in American missile developer Zone 5 Technologies, expanding its portfolio of low-cost, mass-producible strike and counter-unmanned aerial system weapons.

12 December

Business

155-millimeter artillery ammunition is manufactured at Rheinmetall

Rojoef Manuel

Rheinmetall Enhances Ammo Supply Chain With Muni Berka Takeover

Rheinmetall has acquired Muni Berka in Südharz to expand its ammunition storage and handling capacity as the company ramps up defense production in Germany.

Nov- 2025 -

28 November

Business

Soldier operating with an unmanned aerial system

Rojoef Manuel

Denmark’s Terma Forms Unified Counter-Drone Powerhouse With OSL Technology Acquisition

Danish defense and aerospace firm Terma has acquired OSL Technology, a UK-based specialist in counter-unmanned aerial systems and intelligent airspace security systems.

27 November

Business

Staff Sgt. John Tourtellotte, the 104th Civil Engineering Squadron explosive ordnance disposal equipment NCO in charge, operates a Roboteam Micro Tactical Ground Robot Feb. 16, 2018, at 104th Fighter Wing in Westfield, Mass. The MTGR can be carried in a backpack and is a safer way for Airmen to examine possible threats.

Rojoef Manuel

Ondas Expands Defense Robotics Portfolio With $80M Roboteam Acquisition

Ondas Holdings has announced plans to acquire Roboteam, an Israeli developer of rugged, multi-mission unmanned ground vehicles, in an $80-million deal.

10 November

Business