News about Defense industry
The U.S. Navy has signed a major seven-year contract with Raytheon (the defense division of RTX Corporation) worth $22.9 billion. The deal is aimed at significantly increasing production of Tomahawk cruise missiles and related equipment.
U.S. President Donald Trump, responding to a question about missiles for Ukraine’s Patriot systems, stated that former U.S. President Joe Biden had provided Ukrainian President Volodymyr Zelenskyy with “a great deal of weapons worth $300 billion.”
Donald Trump did not make any firm promises to Zelenskyy regarding the supply of missiles for the Patriot air defense system. This was stated to reporters by Olga Stefanishyna, Ukraine’s ambassador to Washington.
OVES Enterprise, a Romanian software developer, and eDrone, a Ukrainian drone manufacturer, will jointly produce military drones in Romania.
Ukrainian President Volodymyr Zelenskyy held closed-door talks with U.S. President Donald Trump at the White House on Tuesday, seeking diplomatic and military support from the White House in the war against Russia.
When World War II began in 1939, Canada had virtually no military-industrial base to speak of. But over the next six years, Canadian factories produced thousands of aircraft, hundreds of naval vessels, and more than 800,000 pieces of armored vehicles. A country with a population of just 11 million people transformed into a powerful military-industrial center.
U.S. automakers will begin manufacturing weapons, U.S. President Donald Trump said.
Kyiv has signed a number of military agreements with the countries of the “North Baltic Eight” in Tallinn. Latvia and Estonia will cooperate with Kyiv in the production of drones, while Norway will allocate funds for maritime drones for the Ukrainian Armed Forces.
Moldova, which will spend $110 million on defense in 2025, is ranked 133rd in the world on this indicator.
German defense giant Rheinmetall announced on Tuesday a contract worth 5.7 billion euros to supply Romania with combat vehicles, air defense systems and naval vessels.
The South-Eastern Europe (SEE) region is becoming militarized. Countries are increasing the share of military expenditures in GDP, developing existing and launching new weapons production plants, and increasing exports and imports of arms and ammunition.
The Ukrainian authorities are engaged in new international agreements in the security sphere. One of the key areas could be the Drone Deal between Ukraine and the USA, which envisages joint production of drones and development of defense technologies.
Greece does not agree to Ukraine’s terms on the joint use of maritime drones, products of a potential co-production. Greece is concerned that Ukraine insists on having a “say” on how these drones the Greek side of the production tandem plans to use.
Investors are selling off shares of arms makers that have failed to keep up with rising demand amid the war in Iraq, Ukraine, and the militarization of Europe.
Boeing reported revenue of $22.2 billion for the first quarter of 2026, up 14% from the same period in 2025. The company recorded a net loss of $7 million, with a loss per share of $0.11.
On April 21 this year, the Estonian Parliament approved a law accelerating the construction of national defense facilities.
Berlin has shifted its focus from the auto industry to armaments and is actually becoming a key production base for armaments in Europe.
The presidents of Romania and Ukraine, Nicusor Dan and Volodymyr Zelenskyy, have signed a statement of intent to produce Ukrainian defense systems, including combat drones, in Romania, they said after a meeting in Bucharest.
The volume of international transfers of major arms worldwide grew by 9.2% between 2016-2020 and 2021-2025. At the same time, European countries more than tripled their arms imports, becoming the largest recipient region.
Falcon Defense, part of the Falcon Group, has announced its official entry into the Romanian market through the launch of an integrated production platform for explosives and artillery ammunition.
