Rising costs could trigger a $60-110 million reach-forward loss for Bell on the first production versions of the MV-75 tiltrotor aircraft.

Singapore and U.S.-based Epirus have signed a memorandum of understanding to advance high-power microwave (HPM) counter-drone capabilities.

Bangladesh has signed a government-to-government agreement with China Electronics Technology Group Corp. for drone technology transfer and domestic assembly.

The U.S. Commerce Department will invest $1.6 billion in Oklahoma-based USA Rare Earth and take a 10% stake in the firm.

Shift5, a data and cybersecurity company, has replaced its co-founding CEO immediately.

The UK has shortlisted seven bidders in its hunt to find an ACP that could operate as a loyal wingman to its Boeing Apache attack helicopters in the 2030s.

The UK Defense Ministry is opening a competition for a low-cost interceptor, echoing wider efforts among militaries to field ways to more cheaply defeat the threat from drones and loitering munitions.

David Lockwood, who has been Babcock CEO since September 2020, will be replaced at year's end by the head of the company’s nuclear business, Harry Holt.