European defense industry investments rose to a new record high in 2024, with the United Kingdom topping direct private equity investments in the sector, new research from Heligan Group shows. According to the Birmingham, England-based investment bank analysis, European startups received venture capital funding of about $5.2 billion, almost a fivefold jump in six years,...
Hello, Guest!
Author: Arthur McMiler (Arthur McMiler)
Post
UK Space Agency to Improve Efficiency in Department of Science Innovation and Technology Merger
The U.K. Space Agency will be integrated into the Department of Science Innovation and Technology to help streamline the agency’s support to the British space sector and eliminate bureaucratic red tape. The U.K. government said Wednesday that UKSA will join DSIT starting April 2026 and retain its name, with its staff drawn from both organizations....
Post
Saab Seeks to Strengthen Supply Chain With Shipbuilding Metal Fabricator Acquisition
Saab has acquired Deform, the Swedish shipbuilding metal fabricator, in a move to strengthen the supply chain for Sweden’s defense sector. Founded in 1907, Deform specializes in the hot and cold fabrication of various metallic materials. The company focuses on pressure vessels, metal protection components, heavy fabrication and heavy equipment. Deform will keep its name...
Post
Norway Orders OSL Anti-Drone Platform Under 4-Year, $91M Procurement Pact
Operational Solutions Ltd will supply Norway’s armed forces with anti-drone systems under a four-year framework agreement with the Norwegian Defence Materiel Agency. The contract value is up to $91 million. The contract’s first order will provide counter-unmanned aerial systems to the Ørland Air Station of the Royal Norwegian Air Force, OSL announced Friday. The Reading,...
Post
Lockheed Martin to Modernize Poland’s F-16 Fleet for $3.8B
Poland’s Ministry of National Defence has signed the terms of an agreement with the U.S. government to modernize its F-16 fleet. Lockheed Martin said it will upgrade the Polish Air Force fleet of 48 F-16 Block 52+ fighter jets to the F-16 Viper configuration. Learn more about global developments reshaping the defense sector’s dynamics at the...
Post
Lithuania to Develop Allied Military Training Area With Long-Term US Support
Lithuania and the United States have formed a partnership to implement a 20-year plan for developing the military facilities at the Pabradė Training Area, northeast of Vilnius. The long-term effort calls for systematic infrastructure development that will integrate solutions for the future needs of Lithuanian, NATO and U.S. forces stationed at the site. The plan...
Post
Former NATO Head: Public Support Needed for European Defense Spending Hike
George Robertson, former NATO secretary general, said government leaders in NATO countries have to convince their constituents that defense spending must increase to 5 percent of the gross domestic product by 2032, as alliance members have pledged recently. He told Politico on Tuesday that such an increase will be difficult for some NATO members, including the...
Post
Elbit Secures $1.6B European Supply Contract on Advanced Defense Systems
Elbit Systems has booked a $1.6 billion contract to supply an unnamed European customer with two lineups of advanced defense platforms with embedded artificial intelligence technology. The award provides a potential five-year implementation, the Israeli defense technology company said Wednesday. The first batch of the contract’s deliverables covers long-range precision strike artillery-rocket systems. The group...
Post
Guidehouse Offers Government Services Via UK Management Consultancy Framework
Global artificial intelligence company Guidehouse announced on Tuesday that eight of its service offerings have been pre-approved under Management Consultancy Framework Four, or MCF4, of the Crown Commercial Service, the U.K.’s central procurement agency. The framework allows British government agencies to procure support services across 10 specializations. The offerings include consultancy services in business, finance,...
Post
Lockheed to Tap Local Talent in Philippine Multi-Role Fighter Program
Lockheed Martin has partnered with Dallas-based Southern Methodist University to tap the support of academia and industry in the Philippines for the country’s F-16 Block 70 multi-role fighter program. The collaboration will allow Filipino professionals access to SMU tools and equipment for developing solutions and prototypes for the program and establish an advanced research laboratory...