Latest Defence Sector News

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.

Elsight Limited has secured a US$460,000 purchase order from a U.S. public safety customer, marking a significant commercial milestone amid accelerating FAA regulations for drone operations beyond visual line of sight.

Symal Group Limited is acquiring an 80% stake in Davison Earthmovers for $23.2 million, marking a strategic expansion into South Australia's civil infrastructure market. The acquisition is expected to be earnings accretive from the first year and includes significant plant and equipment assets.

Electro Optic Systems has secured a US$21 million order for its R400 Remote Weapon System from a North American customer, boosting its contract backlog to over A$400 million and setting the stage for strong revenue growth in 2026 and 2027.

Saunders International has landed a $20 million subcontract to upgrade fuel infrastructure at RAAF Base Learmonth, marking a strategic expansion in Western Australia’s defence sector.

PeopleIN Limited has announced the sale of its Health and Community brands to Healthcare Australia for $20.25 million, unlocking capital to fuel growth in infrastructure, defence, and agriculture sectors.

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.

Symal Group has locked in a $300 million revolving debt facility with major Australian banks, enhancing its financial flexibility to support strategic growth and acquisitions.

Aurora Labs has signed a landmark MOU with European defence giant MBDA to explore integrating its 3D-printed turbojet engines into advanced missile systems, marking a significant step into international defence markets.

Vection Technologies reports a record quarter-to-date cash intake of approximately $14 million and a robust $50 million forward pipeline, underscoring strong momentum across defence, AI, healthcare, and retail sectors.

The Australian Treasurer has approved Hanwha Corporation’s increase of its direct equity stake in Austal Limited from 9.9% to 19.9%, setting the stage for potential strategic partnerships as Austal rides a wave of record revenues and defence contracts.

Bhagwan Marine has locked in a five-year, $75 million contract for its Coral Knight vessel with Jadestone Energy, reinforcing its foothold in Australia's offshore energy sector.