Lockheed Martin records $15.1bn in sales in Q1 amidst growing threats
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Despite showing a solid start to the year, shortfalls in the supply chain and labour shortages mean Lockheed Martin cannot beat the order rate as international orders are surpassing the production rate on projects such as the F-35.
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QinetiQ results exceed guidance and market expectations for FY23
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QinetiQ have announced a record full year order volume of $1.7bn, ahead of expectations, after an impressive fourth quarter.
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Boeing and Republic of Korea sign MoU for joint advanced weapons systems collaboration
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The joint development and marketing of advanced weapon systems will benefit both parties significantly.
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UK Army tests Dstl-led concept to improve future urban combat
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The Urban Phalanx study will test several new concepts for small unit dominance in urban combat scenarios.
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US Army deploys first hypersonic weapon capability
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Soldiers conducted a series of drills to practise with the LRHW system during Operation Thunderbolt Strike.
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Germany allocates €12bn additional funds to support Ukraine
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The financial support will cover the cost of procuring more military supplies and armaments for Ukrainian forces.
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Northrop Grumman strengthens environmental sustainability goals in new ESG report
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US-centred aerospace and defence company Northrop Grumman has released its latest environmental, social, and governance (ESG) report, outlining progress made towards achieving its sustainability goals, according to a release.
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BAE Systems and US Army test sub-calibre long-range projectile
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The new projectile is being developed to address the US Army’s modernisation goals for a long-range PGM solution.
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Elbit Systems records revenues of $5.511bn for FY22
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The company’s Airborne systems and C4ISR systems segment recorded majority of revenues in FY22.
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BAE Systems APKWS tested in precision-guided rockets milestone
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The APKWS system is designed to provide the military with a cost-effective and efficient method of neutralizing drones, which have become a significant security concern in recent years.
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