Latest Aerospace And Defence News

KTEK Aerosystems has won a binding US$200,000 order to design an airframe component for an unnamed Israeli aerospace and defence manufacturer. The order opens a quoted US$994,100 work package and a potential US$5 million design-engineering opportunity, but almost all of that future work remains conditional.

Innovaero Technologies is seeking A$40 million through a proposed ASX listing to advance its OWL loitering munition program and expand manufacturing capacity. The replacement prospectus also makes clear that the company remains loss-making and heavily dependent on the Department of Defence converting development work into production orders.

KTEK Aerosystems has secured a US$172,500 turnkey contract to design, tool and manufacture two composite prototypes for Israel-based Vestal Technology. The work adds a new customer, but any production beyond the prototypes remains uncertain.

KTEK Aerosystems has leveraged its $10 million IPO to accelerate production scale-up and international growth, with deliveries set to resume in September and a new US assembly operation underway.

Orbital Corporation broadened its international footprint with new UAV propulsion orders across the US, India, and Middle East, while advancing its Power by the Hour service to underpin recurring revenue streams.

Boresight Ltd (ASX: BST) is seeking to raise $8 million through a public offer to expand its cost-effective military drone manufacturing, targeting growth in the US and European markets.

Orbital Corporation advances its UAV engine production and hybrid propulsion technology while managing a $0.5 million net cash outflow in Q1 2026, supported by a $43 million business pipeline and new international contracts.

PWR Holdings has secured a US$9.1 million follow-on contract to supply advanced cooling solutions for a US government aerospace and defence project, extending its involvement through FY 2027.

PWR Holdings' North American arm, C&R Racing Inc., has landed a $8.9 million AUD order to supply advanced cooling systems for a US government aerospace project, marking a pivotal milestone in its defence sector expansion.