Défense 27 March 2026 - 1 June 2026

VisionWave Drops on Resale Filing Ahead of Paris Defense-Tech Event
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VisionWave Drops on Resale Filing Ahead of Paris Defense-Tech Event

VisionWave Holdings shares fell 4.1% to $6.06 Monday after the company filed to register up to 1.19 million shares for potential resale by insiders. The move follows a switch to a public demo at Eurosatory 2026 in Paris. VisionWave reported a quarterly net loss of $12.9 million and $14.3 million in cash against $37.1 million in current liabilities. The company warned it may need more capital, possibly diluting shareholders.
June 1, 2026
Carlyle Shares Edge Toward Key Level With New Defense Focus
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Carlyle Shares Edge Toward Key Level With New Defense Focus

Carlyle Group launched a new middle-market platform for aerospace, defense, government, and industrial deals in the U.S. and Europe, aiming at smaller firms. Carlyle shares were quoted at $45.65, up 0.5% in late Tuesday trading, ahead of CEO Harvey Schwartz’s appearance at Bernstein’s conference. The firm reported $475 billion in assets under management as of March 31. KKR remains active in the sector with recent aerospace deals.
May 27, 2026
AeroVironment Stock Jumps As $20 Million Missile-Factory Push Puts Drone Defense Back In Play
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AeroVironment Stock Jumps As $20 Million Missile-Factory Push Puts Drone Defense Back In Play

AeroVironment shares rose 4.6% to $182.26 after announcing a $20.2 million government investment to expand its Huntsville, Alabama, site for Freedom Eagle-1 interceptor production. The 24,000-square-foot facility will support initial and full-rate manufacturing for U.S. Army needs. The move follows recent Army contracts worth nearly $193 million. Trading volume topped 1.6 million shares amid a strong tech market session.
May 27, 2026
Kratos Shares Flat Around $55 as Cash Burn Looms Over Drone Defense Push
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Kratos Shares Flat Around $55 as Cash Burn Looms Over Drone Defense Push

Kratos Defense & Security Solutions traded at $54.72 in premarket Friday after closing at $54.67 Thursday. The stock steadied near $55 as investors weighed strong defense growth against high spending and working-capital needs. U.S. equity markets will close Monday for Memorial Day. Kratos reported Q1 revenue up 22.6% to $371 million and raised its 2026 forecast.
May 22, 2026
U.S. Drone Ambitions Meet China Rare Earth Leverage
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U.S. Drone Ambitions Meet China Rare Earth Leverage

China said it would address some U.S. concerns over rare-earth export controls but defended its curbs as legal, offering no rollback. The Pentagon’s Drone Dominance program has ordered 30,000 attack drones and plans to buy over 200,000 by 2027, but supply chains remain vulnerable. China controls nearly all rare-earth refining and magnet manufacturing, raising concerns for U.S. defense production.
May 20, 2026
BAE Systems Lands UK Apache Drone Spot as Project NYX Race Narrows
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BAE Systems Lands UK Apache Drone Spot as Project NYX Race Narrows

The UK Ministry of Defence awarded BAE Systems, Anduril Industries (UK), Tekever, and Thales UK £10 million to develop autonomous drones for use with British Army Apache helicopters, narrowing the field from seven firms in January. The NYX project aims for service entry by 2030, with drones providing reconnaissance and electronic warfare support while humans retain weapons control.
May 15, 2026
BAE Systems Named in $992 Million U.S.-Israel Rocket Sale as Defense Demand Stays Strong
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BAE Systems Named in $992 Million U.S.-Israel Rocket Sale as Defense Demand Stays Strong

BAE Systems was named principal contractor in a proposed $992.4 million U.S. sale to Israel of 10,000 APKWS-II laser-guided rockets, according to a Federal Register notice. The deal, not yet final, lists major equipment and support services, with work based in Nashua, New Hampshire. BAE also won a $12.6 million Pentagon sonar contract this week. Competitors are pursuing similar high-volume munitions deals.
May 14, 2026
L3Harris Lands U.S. Air Force ABMS Role, Putting Digital Battlefield Networks in Focus
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L3Harris Lands U.S. Air Force ABMS Role, Putting Digital Battlefield Networks in Focus

L3Harris Technologies has been chosen by the U.S. Air Force to develop secure digital infrastructure for the Advanced Battle Management System. The company did not disclose the contract value. L3Harris reported first-quarter orders of $7.8 billion and a backlog of $40.7 billion. The Air Force has begun fielding ABMS-related systems, including operational deployments in Africa.
May 11, 2026
Boeing F-47 Puts Japan’s GCAP Sixth-Generation Fighter Plan Under Fresh Pressure
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Boeing F-47 Puts Japan’s GCAP Sixth-Generation Fighter Plan Under Fresh Pressure

U.S. Air Force plans show F-47 research funding rising to over $5 billion in 2027 and nearly $5.3 billion in 2028. Japan’s Ministry of Defense says the Mitsubishi F-2 will retire around 2035, putting pressure on the joint GCAP fighter program with Britain and Italy. Delays in GCAP funding have kept U.S.-built options like the F-35 and F-47 under consideration in Tokyo.
May 8, 2026
Rheinmetall Stock Falls Below €1,300 After JPMorgan Downgrade: Why the Defense Rally Is Cracking
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Rheinmetall Stock Falls Below €1,300 After JPMorgan Downgrade: Why the Defense Rally Is Cracking

Rheinmetall shares fell below 1,300 euros Friday, hitting a one-year low after JPMorgan downgraded the stock and cut its price target. The company reported first-quarter sales of 1.94 billion euros, missing analyst forecasts, and said operating free cash flow dropped by 527 million euros to minus 285 million euros. Order backlog rose to 73 billion euros at the end of March.
May 8, 2026
Pentagon’s $500 Million Scale AI Deal Puts Big Tech’s War Work Back in the Spotlight
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Pentagon’s $500 Million Scale AI Deal Puts Big Tech’s War Work Back in the Spotlight

The Pentagon has raised Scale AI’s contract ceiling to $500 million, expanding the startup’s role in military data sorting and decision support. The agreement, five times larger than the previous $100 million award, covers computer vision and generative AI tools. Scale’s systems will operate on both classified and unclassified networks. The move follows new classified-network deals with Google, OpenAI, and Microsoft.
May 7, 2026
BAE Systems Faces £120 Million Lawsuit as Fresh Arms Sales Put Defence Giant in Spotlight
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BAE Systems Faces £120 Million Lawsuit as Fresh Arms Sales Put Defence Giant in Spotlight

BAE Systems faces a £120 million legal claim in the UK High Court from Kenya’s EnComm Aviation over the withdrawal of support for Advanced Turbo-Prop aircraft used in African aid flights. EnComm alleges the move forced cancellation of humanitarian contracts and left its aircraft fleet nearly worthless. The case comes as BAE is named in new U.S.-backed arms sales to Qatar, Israel, and the UAE. BAE declined to comment on the ongoing litigation.
May 2, 2026
BAE Systems Faces 10-Week Fighter-Jet Funding Test as Buyback Rolls On
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BAE Systems Faces 10-Week Fighter-Jet Funding Test as Buyback Rolls On

BAE Systems has 10 weeks to secure new UK government funding for the GCAP fighter-jet programme or risk breaking up project teams, the Financial Times reported. The first international design contract, awarded to Edgewing, expires June 2026. BAE bought 532,418 shares for cancellation last week as part of an ongoing buyback. Shares rose 1.1% to 2,042 pence by early afternoon in London.
April 27, 2026
BAE Systems Stock Hit as £10 Billion Norway Frigate Deal Reopens Royal Navy Worries
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BAE Systems Stock Hit as £10 Billion Norway Frigate Deal Reopens Royal Navy Worries

BAE Systems shares fell 2.9% to 2,020.5 pence in London on Friday after reports that build slots for three UK Type 26 frigates had been given to Norway. The Times said the first UK vessel is expected in 2028. Defence minister Luke Pollard told parliament the Norway deal covers eight British and five Norwegian ships. BAE’s order backlog stood at £83.6 billion at the end of 2025.
April 25, 2026
BAE Systems’ Norway Frigate Win Hits a UK Navy Bottleneck as Shares Slip
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BAE Systems’ Norway Frigate Win Hits a UK Navy Bottleneck as Shares Slip

A UK defence minister confirmed Royal Navy frigate build slots were ceded to Norway under a £10 billion deal with BAE Systems, with no new UK orders yet to fill the gap. BAE shares fell 1.8% Friday as concerns grew over delays in replacing older Type 23 ships. The first new UK Type 26 frigate is expected in 2028, with production stretching into the mid-2030s. Norway plans to buy at least five Type 26 ships.
April 24, 2026
BAE Systems lands $180 million Sweden air-defence contract as Europe races to rearm
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BAE Systems lands $180 million Sweden air-defence contract as Europe races to rearm

BAE Systems won a $180 million contract from Sweden for its TRIDON Mk2 air-defence system as part of an 8.7 billion crown package on April 2. Saab’s share of the order is 2.6 billion crowns. Deliveries to Sweden are scheduled for 2027 and 2028. BAE reported a 12% rise in full-year operating profit in February and forecasts 7% to 9% sales growth in 2026.
April 6, 2026
BAE Systems plc Wins $180 Million Sweden Air-Defence Order as Europe Rushes to Counter Drones
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BAE Systems plc Wins $180 Million Sweden Air-Defence Order as Europe Rushes to Counter Drones

BAE Systems won a $180 million contract from Sweden for its Tridon Mk2 air-defence system, part of a $916 million package to boost protection against drones and aerial threats. Deliveries are set for 2027–2028 under Sweden’s GUTE II anti-drone program. Saab also secured a 2.6 billion crown order for a mobile anti-drone system. The Tridon Mk2 has been tested in Ukraine against Shahed drones.
April 2, 2026
BAE Systems plc buyback filing lands as defence orders pile up from the U.S. to Europe
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BAE Systems plc buyback filing lands as defence orders pile up from the U.S. to Europe

BAE Systems bought back 505,128 shares for cancellation between March 23 and 27, paying between 2,052 and 2,202 pence per share. The move comes as the Pentagon pushes BAE and others to increase munitions output, and U.S. officials urge defence firms to prioritise production over shareholder returns. BAE’s order backlog reached a record £83.6 billion in February. Recent contracts include fighter and naval deals with Britain, Turkey, and Norway.
March 30, 2026
BAE Systems Stock Price Falls Again Despite Fresh Pentagon and NATO Spending Push
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BAE Systems Stock Price Falls Again Despite Fresh Pentagon and NATO Spending Push

BAE Systems shares fell 1.2% to about 2,070 pence Friday, extending Thursday’s 2.92% drop, despite new defence contracts from Norway and the U.S. Pentagon. MBDA, part-owned by BAE, forecast a 40% output jump in 2026 as missile demand rises. The FTSE 100 slipped 0.05% as Middle East tensions persisted. NATO said European allies and Canada would raise defence spending 20% in 2025.
March 27, 2026
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