Forterra, a startup focused on autonomous defense mission systems, has raised $238 million in a Series C funding round led by Moore Strategic Ventures.
Australia’s NIOA Group and MBDA have signed a memorandum of understanding to explore manufacturing and assembly of Mistral surface-to-air missiles in Australia.
Switzerland is nearing a deal with Elbit Systems to get compensation from the company after Bern agreed to field the Hermes 900 despite capability shortfalls.
South Korea plans an industrial leap into the ranks of modern fighter engine-makers, outlining a 14-year plan to field a supersonic, high-performance turbofan.
Leonardo says that despite a ticking clock, it still aims to finalize an industrial partnership for its troubled aerostructures activities before year’s end.
NHIndustries and Norway have reached an out of court settlement over a dispute around Oslo’s decision to take the NH90 helicopter out of service early.
A decade in the making, Korea Aerospace Industries is preparing to deliver the first production versions of the KF-21 Boramae on time by the end of this year.
Boeing says it is keeping pace on key defense programs amid an ongoing strike, but machinists counter that there are ongoing impacts to key fighter programs.
