KAI and KB Kookmin Bank have signed a memorandum of understanding which will see the South Korean bank provide up to KRW1 trillion ($703 million) in financial support to the OEM.

Indonesian President Prabowo Subianto has expressed interest for his country to participate in the Turkish Aerospace Industries Kaan fighter program.

Israeli loitering munition developer UVision has acquired competitor Trim Robotics, expanding its portfolio offering.

Diversified parts provider Leggett & Platt will sell its aerospace and defense unit for $285 million gross to private investment firm Tinicum.

The administration is disrupting the $52.5 billion CHIPS and Science Act, raising questions about the security of military semiconductor investment funding.

The defense research laboratories of Australia and the UK have teamed up to jointly develop subsystems for new-generation low-cost weapons and munitions.

Anduril has signed three MOUs with South Korea’s Defense Acquisition Program Administration, LIG Nex1 and Korean Air to collaborate on uncrewed weapons and AI.

Hanwha Aerospace will invest KRW750 billion into development and production facilities for GA-ASI MQ-1 Gray Eagle uncrewed system and engines.