Flight autonomy software developer Shield AI closed a $240 million Series F-1 round in March that raised its valuation to $5.3 billion from $2.7 billion.

The U.S. is moving to reduce its mineral dependency on China as technology, trade and geopolitical frictions rise between the world’s two largest economies.

Edge Group’s new Powertech unit has secured a first engine order weeks after the United Arab Emirates (UAE) defense company set up the propulsion business.

A senior South Korean defense official tells Aviation Week why he is confident of the KF-21's export potential as the fighter enters serial production.

Kela Technologies has developed an open architecture platform to integrate sensor data for defense.

China has completed development of the Feilong-60A, the country’s first modular rocket-based loitering munition dubbed locally as “Chinese HIMARS.”

France, Italy and the UK have agreed to accelerate delivery of Aster air and missile defense interceptors as part of a top-up order for 218 additional missiles.

Leonardo Helicopters is preparing to spin-up local assembly of rotorcraft in Algeria after securing orders from the country’s military.