Latest Defence Industry News

Civmec Limited reports solid Q1 FY26 financials alongside key milestones in naval shipbuilding and infrastructure contracts, positioning itself strongly in Australia’s defence sector.

SOCO Corporation has returned to profitability in FY25, driven by strategic contract wins and client diversification. The company is now focusing on expanding recurring revenues and leveraging AI and cybersecurity capabilities for future growth.

SOCO Corporation Ltd has reported a return to profitability in FY25, driven by revenue growth and strategic investments. The company is now focused on disciplined execution and client diversification to sustain momentum into FY26.

AML3D Limited reported steady quarterly receipts alongside a landmark US Navy Letter of Intent and significant orders, underpinning a major growth phase in the US and Europe.

Aurora Labs has secured over A$900,000 in contracts with the Australian Defence Force, pushing forward its advanced propulsion systems and additive manufacturing capabilities. A strategic partnership with Sovereign Propulsion Systems aims to integrate these innovations into next-generation unmanned aerial systems.

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.

Dyno Nobel has finalised the sale of its Fertilisers Distribution business and is advancing strategic shifts including a new US TNT manufacturing partnership, underpinning a strong FY25 outlook.

VEEM Limited has completed a $14 million placement to accelerate its growth in the defence sector, highlighted by a new 9-year manufacturing licence agreement with Northrop Grumman valued initially at US$33 million. This positions VEEM alongside major US defence contractors and signals a significant step into the expanding submarine and naval supply chains.

Electro Optic Systems updates its 2025 revenue outlook to $115-125 million from existing contracts, with potential for an additional $25 million from new orders. The company’s contract backlog has jumped to $299 million, reflecting strong demand despite some delays in contract signings.

Morella Corporation has expanded its critical minerals portfolio by acquiring the Dixon Well Project in Western Australia, confirming significant titanium mineralisation with assays up to 17.0% TiO2. This move diversifies Morella’s assets beyond lithium and rubidium into a mineral critical for aerospace and defence industries.

Everest Metals has initiated a 2,500m drilling campaign at its Mt Edon project in Western Australia, aiming to upgrade and expand its significant rubidium resource amid rising global demand for this critical mineral.