Latest Defence News

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Austal Limited has finalized a Strategic Shipbuilding Agreement with the Commonwealth of Australia, positioning its subsidiary as the nation’s key Tier 2 naval shipbuilder. This long-term pact sets the stage for significant defence vessel construction in Western Australia.
Victor Sage
Victor Sage
5 Aug 2025
Electro Optic Systems (EOS) has secured its largest-ever order for the Slinger Counter-Drone system, boosting its contract backlog by 25% to $170 million and reporting strong cash flow and a debt-free balance sheet.
Victor Sage
Victor Sage
31 July 2025
DroneShield Limited has reported record revenue growth in 2Q25, driven by soaring demand for AI-powered counterdrone solutions amid a global surge in defense spending. The company’s expanding $2.33 billion sales pipeline and strong cash position position it well for future growth.
Victor Sage
Victor Sage
30 July 2025
DroneShield Limited has secured a $5 million contract under Australia’s Project LAND156 to supply portable counter-drone systems to the Australian Defence Force, positioning itself as a key player in the nation’s evolving defence technology landscape.
Victor Sage
Victor Sage
24 July 2025
Electro Optic Systems has received A$60 million following the finalisation of a major contract, lifting its cash balance to approximately A$130 million as of June 30, 2025.
Victor Sage
Victor Sage
30 June 2025
Electro Optic Systems projects first-half 2025 revenue between A$40 million and A$45 million, underpinned by a major Middle East contract and a growing contract backlog now at A$170 million.
Victor Sage
Victor Sage
30 June 2025
DroneShield has landed a $9.7 million contract package in Latin America, reinforcing its foothold in the region’s defence market with deliveries scheduled for late 2025.
Victor Sage
Victor Sage
30 June 2025
Civmec Limited has agreed to acquire Luerssen Australia for AUD 20 million, a move set to consolidate its position as a sovereign Australian shipbuilder and enhance its capabilities in naval vessel production.
Victor Sage
Victor Sage
26 June 2025
HighCom Limited has recommissioned its XTclave™ system in Ohio, doubling production capacity and setting the stage for new ballistic product launches in FY26. The move strengthens its collaboration with the U.S. Department of Defense and positions the company for significant government contract opportunities.
Victor Sage
Victor Sage
19 June 2025
Hanwha Group claims US approval to fully own Austal, but independent checks suggest a narrower green light. Australian regulators still hold the final say on foreign ownership.
Victor Sage
Victor Sage
10 June 2025
Elsight Limited has expanded its supply agreement with a European defence drone OEM to a total of US$9.63 million for 2025, positioning the company for profitability and cash flow break-even this year.
Victor Sage
Victor Sage
29 May 2025
VEEM Limited has been awarded $2 million in government grants to enhance its manufacturing capabilities for critical naval components, supporting Australia's nuclear submarine and defence programs.
Victor Sage
Victor Sage
26 May 2025