Latest Defence News

Cochlear is defending a class action filed in the Supreme Court of Victoria over its FY26 underlying net profit forecast. The claim covers investors who acquired interests in Cochlear shares between 15 August 2025 and 21 April 2026.

Northern Star has unanimously rejected Gold Fields' unsolicited takeover proposal, saying its mixed cash-and-scrip offer undervalued the company and arrived ahead of important operational milestones. The implied value of the proposal has since fallen from A$27.00 to A$25.19 per Northern Star share.

Australian Vanadium reported progress across its mine, electrolyte and battery businesses, but auditors highlighted material uncertainty over the company’s ability to continue as a going concern. The group held $17.9 million in cash at 30 June, yet expects to need additional funding within 12 months.

First Graphene expanded its product range and international footprint in FY2026, lifting revenue while narrowing its annual loss. But the company says continued operations depend on securing further equity funding, putting commercial execution and liquidity at the centre of its next phase.

Global X Defence Tech ETF reported a $13.84 million loss for the year ended 30 June 2026, reversing a $7.50 million profit a year earlier. The result was driven by $14.48 million in net losses on investments and foreign exchange, even as investor applications lifted net assets to $112.56 million.

GCM Corporation’s FY26 report charts its shift from explorer to thermal-management manufacturer, with independent VHD validation, 44 products and first reported product sales. But the company remains loss-making, cash-burning and dependent on further funding, while its auditor warns of material uncertainty over going concern.

Betashares’ 2026 annual report shows a sharp split across its thematic ETF range, led by a $1.886 billion accounting profit for the Nasdaq 100 ETF and a $97.7 million loss for its Australian technology fund. The report also flags a 24.89% post-year-end fall in the Space Industry ETF’s NAV and a name change for the energy-transition strategy.

Adisyn has moved closer to commercialising its graphene platform after independently verified sub-300°C deposition, a US patent allowance and a new defence technology arm. The progress came alongside a A$7.83 million statutory loss, A$4.47 million in operating cash outflows and a heavily judgement-based A$42.1 million technology asset.

Titomic has set 30 November 2026 as its current target to complete a proposed move of its parent company from Australia to the United States. The ASX listing would remain, but investors would hold CHESS Depositary Interests in the new US entity if shareholders, the Court and other conditions approve the scheme.

ACDC Metals has joined a U.S.-backed defence consortium, giving its Goschen Central rare earths project a route into government solicitations, research partnerships and potential offtake discussions. The membership is strategically significant, but it is not a funding award or contract.

Vection Technologies has signed reciprocal five-year reseller agreements with Xerox, opening a potential Western European channel for its conversational AI, digital human, kiosk and XR technologies. The opportunity is strategically notable, but the agreements contain no minimum volumes, pricing or committed revenue.

BluGlass has agreed an A$8.0 million R&D-backed loan with Rockford, refinancing its existing Radium facility and adding about A$5.5 million of liquidity. The funding gives the laser developer more room to scale, but carries a 16.5% interest rate and repayment obligations tied to future tax refunds.