Rheinmetall raises stake in blackned to boost digitalisation
Germany-headquartered Rheinmetall Electronics has expanded its stake in blackned, a Bavarian software company, by purchasing an additional 11% of shares…
27 Dec 2024
Israel and Slovakia sign €560m defence contract for BARAK MX system
The International Defense Cooperation Directorate of the Israel Ministry of Defense (IMOD), SIBAT, has concluded a defence deal with Slovakia, marking the largest such agreement between the two nations. Valued…
23 Dec 2024
BAE Systems secures $68m for additional CATVs
BAE Systems has secured contracts totalling $68m to produce 44 additional cold weather all-terrain vehicles (CATV) for the US Army. This includes a $48m extension to the existing full-rate production contract…
23 Dec 2024
US approves two foreign military sales to Morocco
The US State Department has approved two potential foreign military sales (FMS) to Morocco. The first FMS, valued at approximately $86m, is for GBU-39B Small Diameter Bombs and related equipment. This…
17 Dec 2024
SAIC wins spot on $1.8bn US DoD PRISM contract
Science Applications International Corp (SAIC) has secured a position on the $1.8bn Personnel and Readiness Infrastructure Support Management (PRISM) Multiple Award Task Order Contract (MATOC) vehicle. This initiative aims to expedite…
11 Dec 2024
US approves $300m armoured vehicle maintenance sale to Kuwait
The US State Department has approved a potential foreign military sale to Kuwait, encompassing military vehicle maintenance repair sustainment capability and associated equipment, with an estimated cost of $300m (Kd93m). …
20 Oct 2023
Signal: US GAO says DoD needs better insight into defence M&A risks
The US GAO has said the DoD should have better insight into the risks from corporate M&A in the defence sector, which it says can affect competition for contracts, increase…