Business

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.

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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.

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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.

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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.

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Echodyne Expands Radar Production With New Washington Facility

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

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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.

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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.

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Pelican Teams With DRYOUT to Address Moisture Risks in Equipment Storage

Pelican Products has announced a partnership with DRYOUT to integrate moisture-control panels into selected Pelican protective cases.

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Kratos Expands Alabama Footprint With New 40,000-Square-Foot Facility

Kratos Defense & Security Solutions has expanded its operations in Birmingham, Alabama, with a new 40,000-square-foot facility.

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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.

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