In a significant boost to its defense sector, Lithuania has marked a major milestone by signing a crucial agreement with German military industry giant, Rheinmetall AG. This agreement, which solidifies the construction of an ammunition plant in Lithuania, involves an investment surpassing €180 million and is projected to create at least 150 new jobs, signifying […]
ZeroMark, a defense technology startup, has announced a substantial $7 million seed funding round led by prominent venture capital firms Ground Up Ventures and Andreessen Horowitz. This investment is set to fast-track the development of ZeroMark’s pioneering AI-powered auto-aiming system, aimed at transforming standard infantry rifles into highly effective counter-drone solutions. Innovative Military Solution: ZeroMark’s […]
In a significant technological stride, the British Army has begun utilizing a cutting-edge 3D printer in the field, marking a first in global military practices. This deployment occurred during NATO exercise Steadfast Defender, the largest NATO deployment in Europe in a generation. The 9 Theatre Support Battalion, Royal Electrical & Mechanical Engineers, is using this […]
The U.S. Missile Defense Agency (MDA) has officially selected Lockheed Martin [NYSE: LMT] to develop and deliver the Next Generation Interceptor (NGI), marking a significant advancement in homeland missile defense. Lockheed Martin, renowned for its expertise in defense technology, will act as the prime contractor for the NGI, which is designed to counter long-range ballistic […]
In a significant demonstration of military capability, Russia’s Defence Ministry announced the successful test launch of an intercontinental ballistic missile from the Kapustin Yar rocket launch site in Astrakhan Region on April 12, 2024. According to a report by a Russian state-owned news agency, the test was part of state testing of promising missile systems […]
In a strategic move to bolster its capabilities in uncrewed aerial systems (UAS), BAE Systems has acquired Malloy Aeronautics, a pioneer in heavy lift drone and aeronautical technologies. This acquisition marks a significant milestone in the aerospace and defense sector, bringing together BAE Systems’ extensive expertise with Malloy Aeronautics’ innovative solutions in all-electric UAS. Malloy […]