business

Elbit marks $30B backlog, announces $1.4 billion deal with mystery European customer

The company said approximately 71 percent of the backlog was for customers outside Israel.

‘Millions of drones’: What to expect from Turkey’s SAHA 2026 defense expo

"SAHA has evolved from a national showcase into a genuine global meeting point for the defense and aerospace industry, and the 2026 edition will reflect this maturity," one expert said.

Belgian defense minister meeting with firms lined up for slice of $1.3B counter-drone pie

A spokesperson for the Belgian Ministry of Defense confirmed to Breaking Defense that the tender will combine both active and passive measures, including detection sensors and a command and control system to link all effectors.

Turkey’s TAI, UK’s BAE Systems join forces for collaborative drone ‘opportunities’

As part of the agreement, TAI will share its experience in unmanned aircraft development and production, while BAE Systems will support through coordination of regional sales to Europe and other regions, a TAI official told Breaking Defense.

MDA outlines Golden Dome’s SHIELD $151 billion contracting vehicle

The government could spend those funds on a host of areas under the new Scalable Homeland Innovative Enterprise Layered Defense, or SHIELD, contracting vehicle, according to presentation slides reviewed by Breaking Defense.

Lockheed, Raytheon throw hats in ring for Army’s new autonomous launcher

Both companies told Breaking Defense that they have responded to the service's recent “request for solutions brief” but remain tightlipped on the path forward.

Army unveils plans to acquire two different sizes of autonomous launchers

The heavy variant would be based on a Palletized Loading System and fire either Tomahawk or PAC-3 missiles, while the medium-class launcher would use an FMTV to fire Multiple Launch Rocket System munitions or AIM-9X interceptors.

Army secretary says it will be ‘success’ if prime contractor dies on his watch

“My best guess is that they will start to realize in the coming days, weeks and months, that they are going to have to adapt and change or die. We are not going to come to bail them out again as a nation," said Army Secretary Daniel Driscoll.

Army undersecretary nominee faces questions about financial ties to Anduril

“My restrictions and my recusals are laid out in my agreement with the OGE … I am recused, writ large, from anything having to do personally and substantially with my former employer,” Michael Obadal told senators today.

Boeing defense programs to feel the pinch as Seattle-based union votes to strike

The strike stops production of Boeing’s 737, 767 and 777 jetliners in the Seattle region as well as military derivatives of those aircraft, which include the 737-based P-8 Poseidon maritime aircraft and the 767-based KC-46 tanker.

CEO of major Gulf defense firm, Saudi Arabia Military Industries, steps down

"The Board has also appointed Eng. Omar AlMadhi, Vice Chairman of the Board and Chairman of the Board Executive Committee, as interim CEO," SAMI's online post reads.

L3Harris acquiring Aerojet Rocketdyne for $4.7B

The deal, which is subject to approval by the Federal Trade Commission, is expected to close in 2023.

Satellite imaging giant Maxar to be acquired by private equity firm for $6.4 billion

Advent International to acquire Maxar in mid-2023. The satellite firm is a major provider of space-based imaging for the National Reconnaissance Office.

Saudi Arabia demanded defense firms set up in country by 2024. So far, most seem unmoved.

Saudi Arabia said it would stop doing business with foreign firms that don’t have their regional headquarters in the Kingdom by the start of 2024, but analysts note that threat hasn't carried much weight.