NATO’s June 2025 summit will no doubt go down as a key point in the alliance’s history. Headlines since the start of the meeting in the Hague firmly suggest that member states agreed to a massive increase in defense related spending with NATO shifting guidelines levels of defense spending from 2% of GDP to 5% by 2035. On paper this would increase European NATO member spending from $476.2 billion in 2024 to well over a trillion dollars by the middle of the next decade based on alliance figures.
Israel has provided more details on its operations against Iran, including more than 500 strikes and interdictions attributed to what it calls its UAV Array.
NASA's flagship initiative to expand human presence into deep space under the Artemis program continues multibillion-dollar cost overruns, the GAO says.
The Swedish government says it will implement export credit guarantees for deals with Ukraine to help provide extra financial security to potential exporters.
The European Defense Agency has signed a contract with Isispace to build and deploy three cubesats to maneuver between low Earth orbit and very low Earth orbit.
About $14 million of the overall funding from the U.S. Air Force for JetZero’s Z4 blended wing body demo is at risk of being cut in the fiscal 2026 budget request.
Jesus “Jay” Malave, a well-known chief financial officer (CFO) across the aerospace and defense sector, will become Boeing's next financial leader Aug. 15.
