Latest Defense News

Electro Optic Systems secures two significant US contracts worth US$12 million for advanced Remote Weapon Systems, while progressing a conditional US$80 million Korean High Energy Laser contract with potential manufacturing shifts.

Electro Optic Systems has secured two major counter-drone contracts worth US$45 million, highlighting rising defence demand amid Middle East conflicts. The largest order involves the Slinger Remote Weapon System for a Middle Eastern customer, with deliveries planned for 2026.

HighCom Limited has successfully raised nearly $800,000 through a Share Purchase Plan, adding to a prior $7 million placement to fund product upgrades and sales growth.

Elsight has transitioned from development to production with its new Aura communications platform, delivering initial units to a leading defence contractor and expanding its U.S. presence amid a strong financial turnaround in 2025.

DroneShield has landed an $8.2 million contract supplying handheld counter-drone systems to a western military customer, contributing to a record $97.7 million in locked-in revenues heading into 2026.

DroneShield has landed a $6.2 million contract through a key reseller for delivery to a military client in the Asia Pacific region, continuing its steady revenue stream from this partner.

DroneShield has landed a $49.6 million contract to supply handheld counterdrone systems to a European military customer, with deliveries and payments expected to complete by Q1 2026.

EOS has bolstered its counter-drone arsenal by acquiring a UK-based interceptor business and securing a landmark €71.4 million export contract for its 100kW high energy laser system with The Netherlands.

Elsight’s Halo platform has advanced to the final phase of a major U.S. Defense Innovation Unit challenge, securing significant funding and positioning the company at the forefront of a generational unmanned systems investment cycle.

DroneShield has landed a significant $25.3 million contract to supply counter-drone systems to a Latin American government, marking a major expansion in the region. Deliveries and payments are scheduled across late 2025 and early 2026.

DroneShield is investing $13 million over three years to open a new counter-drone research facility in Adelaide, marking a key step in its global growth and technology development.

Austal Limited has reached a confidential equitable adjustment agreement with the US Navy, resolving cost and schedule issues on the T-ATS shipbuilding program and limiting the contract to three vessels.