Latest Defense News

FleetPartners delivered a resilient 3Q25 performance with 5% growth in key metrics despite operational challenges from a major system upgrade. A recent $400 million asset-backed securitisation deal also improved funding costs, positioning the company for growth in underpenetrated markets.

Structural Monitoring Systems Plc (SMS) reported a breakout second half of FY25 with a $3.1 million profit after tax, driven by strong operational leverage and strategic growth in avionics. The company secured over US$1 million in new orders from CAL FIRE and advanced FAA certification for its innovative sensor technology.

Australian Strategic Materials (ASM) reports significant progress in Q2 2025, including its first commercial heavy rare earth metals sale and a transformative low-cost production pathway at its Dubbo Project.

Austal Limited has acknowledged a delayed filing of a director's interest notice due to an administrative oversight, prompting ASX scrutiny and a commitment to tighten compliance processes.

American Rare Earths announces the resignation of CEO Chris Gibbs as leadership transitions to focus on advancing the Halleck Creek Project, with minimal disruption expected.

AML3D has secured a AU$1.2 million order from Austal USA for a portable ARCEMY Small additive manufacturing system, set to enhance the US Navy’s manufacturing capabilities with rapid deployment and flexible use.

Elsight Limited reports unprecedented revenue growth in Q2 and H1 2025, driven by major defence contracts and expanding market demand. The company is on track to achieve profitability in the second half of the year.

Amaero Ltd reports solid June quarter revenue and signs a pivotal five-year exclusive supply agreement with Velo3D, underpinning its growth outlook and updated EBITDA guidance for FY2027.

Meteoric Resources’ Pre-Feasibility Study confirms the Caldeira Project in Brazil as a globally significant rare earths deposit, boasting robust economics, low operating costs, and strong sustainability credentials. The study underpins a 20-year mine life with substantial growth potential amid rising global demand for critical minerals.

Nova Minerals has launched its 2025 drilling campaign at the high-grade RPM deposit in Alaska, deploying multiple rigs to test resource extensions and new targets. Early geological observations suggest significant potential, with assay results awaited in the coming months.

Australian Strategic Materials has closed its Share Purchase Plan substantially oversubscribed, raising nearly four times its target to accelerate key growth projects including US expansion and ramping up its Korean Metals Plant.

American Rare Earths is progressing its Halleck Creek Rare Earths Project with multiple mineral processing optimisation tests, ordering critical equipment for a demonstration plant, and initiating test mining to secure bulk samples.