Latest Defence News

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.

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.

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.

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.

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.

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.

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.

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.

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.

HighCom Limited has landed a significant A$2.6 million order from the Australian Department of Defence to supply Counter Small Uncrewed Aerial Systems, marking a strategic expansion into counter-drone technology.

Austal Limited has announced a record-breaking $14.2 billion order book, underpinned by strong US and Australian defence contracts, and raised its FY2025 EBIT guidance to at least $80 million.

Electro Optic Systems (EOS) reported a robust quarter ending March 2025, highlighted by significant new defence contracts and a strong cash position following the divestment of its EM Solutions subsidiary.