Analysis & Reports

Helsing raised $1.8 billion in Series E funding on July 13, 2026, in Munich, enhancing its defense AI capabilities. The investment, which values the company at $18 billion, was driven by strong demand from investors, including Goldman Sachs and JPMorgan Chase. This funding will support the integration of new AI platforms into defense technologies for partner nations.

The UK Ministry of Defence awarded a $2.6 billion contract to a Raytheon-led consortium for the annual training of 60,000 British soldiers. This training will incorporate AI and advanced analytics to enhance military readiness.

Turkey is negotiating its return to the F-35 program by 2026, which raises concerns for Israel regarding military balance in the region. The U.S. is considering lifting sanctions imposed after Turkey's acquisition of the S-400 system. Israel fears that Turkey's access to F-35s could enhance its military capabilities, impacting regional security dynamics. Discussions include the potential transfer of the S-400 to a Gulf state to facilitate Turkey's reintegration into the F-35 program.

Ahmed Al-RashidMon Jul 13 2026Loading...

Helsing raised $1.8 billion in a funding round in Munich, Germany, significantly increasing its valuation to $18 billion. This funding will accelerate the development of AI platforms for defense capabilities, reflecting strong investor confidence in AI-driven defense technology. The company offers advanced products such as the HX-2 strike drone and collaborates with major defense firms.

Kongsberg Maritime announced the acquisition of Berg Propulsion on July 13 to enhance its marine propulsion portfolio. This strategic move aims to strengthen Kongsberg's market position and broaden its customer base. Berg Propulsion will continue to operate as a separate brand within Kongsberg Maritime, ensuring its agility and customer focus while leveraging Kongsberg's global capabilities.

Canada signed agreements with Australia to acquire the Arctic Over-The-Horizon Radar (A-OTHR) to enhance NORAD's airspace surveillance capabilities. The deal, valued at US$1.75 billion, aims to fill significant gaps in radar coverage, allowing detection of airborne and surface targets. The A-OTHR is expected to achieve initial operational capability by December 2029, improving monitoring of potential threats, including from Russia.

Hellenic Vehicle Industries (ELVO) and Rheinmetall MAN Military Vehicles GmbH (RMMV) held high-level meetings in Vienna, Austria, to advance their industrial cooperation. The discussions focused on the production of military trucks for the Greek market, following a Memorandum of Understanding signed earlier this year. Both companies plan to establish new production lines and increase personnel at ELVO's facilities in Thessaloniki, Greece.

Bridgepoint Group announced its investment in UMag Solutions, a Danish defense technology firm, on 13 July 2026. This partnership aims to enhance UMag's capabilities in drone-based subsurface threat detection, supporting its growth and international expansion. UMag's technology is critical for identifying landmines and naval threats, positioning it as a leader in defense technology.

On July 9, 2026, Russia announced plans to strengthen military cooperation with the Sahel Alliance (AES) amid ongoing jihadist attacks in Mali, Niger, and Burkina Faso. This cooperation aims to enhance military capabilities, including the provision of drones and electronic warfare systems. The AES faces challenges in maintaining security and effective military operations against insurgent threats in the region.

Marie DuboisMon Jul 13 2026Loading...

Rheinmetall secured a nearly $1.1 billion contract to overhaul British Army training as part of a £2 billion program. The contract, awarded on July 10, will implement a blended training system over 15 years, combining live and virtual simulations. Operational implementation begins this summer, supporting around 400 jobs across the UK, including 270 skilled roles and 100 apprenticeships.

Kongsberg reported a 31% revenue increase to NOK 10,389 million and a nearly 50% rise in operating profit to NOK 1,669 million in the second quarter of 2023. The company secured multiple contracts for its Joint Strike Missile and NASAMS air defense system, with Canada selecting the missile for its F-35A fleet. Kongsberg also expanded its focus on subsea infrastructure protection, reflecting growing interest in defense procurement.

Rheinmetall Electronics UK is participating in the Army Collective Training Service as part of the British Army’s Collective Training Transformation Programme. The contract, valued at nearly €1 billion, will begin operational implementation in summer 2026 and last for 15 years, creating numerous skilled jobs across the UK. Rheinmetall will integrate modern training systems and manage logistical aspects of the program.

Rheinmetall Electronics UK is participating in the Omnia Training consortium to deliver the Army Collective Training System for the British Army, with a contract valued at nearly €1 billion. The operational implementation is scheduled to start in summer 2026 and will last for 15 years, creating numerous skilled jobs across various UK locations. Rheinmetall will support the integration of modern training systems and manage logistical aspects of the training infrastructure.

The European Investment Bank (EIB) finalized a €290 million financing package for the construction of a military base in Rūdninkai, Lithuania, which will host a German brigade of approximately 4,000 troops. This project is set to become operational by the end of 2027 and is a key investment in NATO's eastern flank security. The base will feature extensive infrastructure, including roads and buildings, reinforcing Lithuania's defense capabilities.

Omnia Training was awarded a £2bn contract by the UK Ministry of Defence on 10 July to deliver the Army’s Collective Training System in London, United Kingdom. This 15-year contract aims to enhance the training capabilities of the British Army by integrating virtual and synthetic environments. The initiative will create 270 new jobs and sustain an additional 150 jobs.

Patria Group reported a 45% increase in net sales to EUR 610.4 million and a 142% rise in operating profit to EUR 71.2 million in the first half of 2026. The company secured EUR 553.4 million in new orders, primarily in the Defence and Weapon Systems sector, and signed several agreements for armoured vehicle cooperation with Finland, Sweden, and Lithuania. The FAMOUS 3 consortium also received additional EU funding to enhance future armoured vehicle capabilities.

In July 2026, the U.S. Navy submitted a Request for Information (RFI) to South Korean shipyards for the construction of destroyers and medium fleet replenishment ships. This move reflects a strategic shift in U.S. naval procurement, aiming to explore legal exceptions for utilizing allied shipyards. South Korean firms, including HD Hyundai and Hanwha Ocean, are involved in this initiative, which may enhance military cooperation between the U.S. and South Korea.

Tanaka TakashiMon Jul 13 2026Loading...

A 91-year-old veteran donated two historical photographs of hero Huang Jiguang to the Chinese People's Volunteer Army, sharing his memories of the Korean War during a video call with current soldiers. The unit plans to preserve the photographs in their military history museum, highlighting the importance of honoring past sacrifices and military heritage.

NASA's Psyche spacecraft performed a gravity assist maneuver past Mars on May 15, 2026, increasing its speed by 1,000 MPH without using onboard propellant. The spacecraft is now en route to the asteroid 16 Psyche, which may represent the exposed core of an early planetary building block. This mission faced numerous challenges prior to launch, including a fuel-line failure, but successfully executed its maneuver as planned.

The U.S. Army published an assessment of China's Type 100 tank, highlighting its strengths and vulnerabilities, while concurrently developing the M1E3 Abrams, which shares similar features. The Type 100, operational in Beijing, is noted for its hybrid-electric drive and unmanned turret but faces challenges in battery endurance and repairability. The U.S. Army's findings serve as both an evaluation of the Chinese tank and a guide for its own tank development.