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Intelic advances AI drone integration as Dutch defence partnership reaches Ukraine battlefield
Dutch defence software developer Intelic is demonstrating how artificial intelligence can connect radar, sensors and unmanned systems through a common command platform. Its Netherlands defence partnership is worth more than €30 million, while operational use in Ukraine offers a separate test of the technology's adaptability.
AeroVironment’s VideoRay advances in US Navy mine warfare, but production scale remains unproven
AeroVironment's VideoRay subsidiary will support an AEVEX-led autonomous mine countermeasure prototype programme following competitive Navy demonstrations. The selection strengthens its position in underwater defence robotics, although no new production contract value was disclosed.
India’s Rs 661.5cr BrahMos contract shifts attention to naval missile integration and domestic manufacturing
India's Ministry of Defence has contracted BrahMos Aerospace Private Limited to supply fire control systems and launchers for naval vessels. The agreement carries a minimum 68% indigenous-content requirement, potentially extending its industrial significance beyond the principal contractor.
Saab and Embraer complete first Brazil-built Gripen E flight as local production advances
Saab AB and Embraer have completed the first flight of a Gripen E fighter produced in Brazil, advancing an industrial programme that combines fighter procurement with technology transfer. Certification, subsequent deliveries and production continuity will determine the wider significance of the milestone.
Boeing secures $14.7bn PAC-3 seeker deal as Patriot missile production expands
Boeing's agreement with Lockheed Martin could triple production of missile seekers used in advanced Patriot interceptors. The award gives Boeing a substantial industrial opportunity, but an undefinitized contract and recent defence division losses make execution central to its financial significance.
Calian revenue jumped 20%. Why is it changing two senior leaders at the same time?
Calian has made two senior appointments as record revenue, defence growth, acquisitions and portfolio simplification increase the pressure to convert a C$1.4 billion backlog into stronger margins and cash flow.
Bajaj Finance profit rises 29% as Rs 17,500cr capital plan puts growth and dilution in focus
Bajaj Finance reported â‚ą6,367 crore in quarterly profit and expanded assets under management to nearly â‚ą5.85 lakh crore. Yet the company is also pursuing up to â‚ą17,500 crore in additional capital, creating a consequential question about how faster lending growth translates into returns for existing shareholders.
Freelancer (ASX: FLN) cuts expenses 11% as Loadshift posts record quarter
Freelancer has returned to a small quarterly operating profit through cost reductions and growth at Escrow.com and Loadshift, while its original freelancing marketplace continues to lose revenue despite improvements in platform performance and payment acceptance.
NAB is cutting 2,500 jobs. Why is Australia’s biggest business bank shrinking now?
National Australia Bank will remove up to 2,500 internal roles and sharply reduce consultants as Andrew Irvine simplifies corporate functions, senior management and decision-making ahead of a tougher banking environment.
Codan (ASX: CDA) forecasts at least A$162m first-half profit as defence communications demand accelerates
Codan has reaffirmed expectations for a substantial first-half earnings increase, supported by demand for communications systems used in unmanned platforms, while warning that future orders and electronic component availability remain uncertain.