South Korea's Hanwha Aerospace says a capital raise of around $2.5 billion will fund expansion abroad, such as in Europe where defense spending has increased.

Investment in new defense equipment has exploded in Europe, nearly trebling from $60 billion to $175 billion, and this may only be the start.

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.”