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.
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.
Boeing has won a contract to develop the F-47 next-generation combat aircraft for the U.S. Air Force which throws a lifeline to the company’s struggling military aviation business.
A backlash to President Donald Trump’s foreign policy decisions is raising pressure on the F-35 orderbook, and dozens of planned deliveries are being reviewed.
Despite continued increases to its defense spending in recent years, Malaysia’s economic and financial realities dictate a slow and steady pace to its ambitious military aircraft modernization plans.
Europe’s air forces need to relearn vital suppression and destruction of enemy air defense skills in a bid to restore their air power advantage, experts insist.
OHB is seeing new opportunities in military space and expects sales to rise around 50% by 2027 from last year to hit around €1.5 billion ($1.6 billion).
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.
