Funding - Defense Stocks (Page 2)

Autonomous medium-altitude surveillance drone flying over coastal waters

Funding

Tekever Raises $580 Million at $6.4 Billion Valuation to Scale Autonomous Drone Fleets

Tekever closed a $580 million Series D at a $6.4 billion valuation, backing AR5 production for the British Army's Project CORVUS and a combat-proven European drone line.

A hypersonic strike missile in flight across the upper atmosphere above the ocean

Naval

The Navy Is Putting Mass-Produced Hypersonics on Super Hornets

The Navy placed a production order of up to $200 million with Castelion for Blackbeard, a sub-$500,000 hypersonic moving from Super Hornet tests toward serial rounds and 2027 early operational capability.

A tactical wheeled rocket launcher vehicle firing a long-range missile from a coastal shoreline.

Aerospace

The U.S. Army Is Turning HIMARS Into a Pacific Anti-Ship Weapon

A $1.21 billion Army IDIQ puts Lockheed Martin's PrSM Increment 2 on HIMARS, giving land batteries a seeker that can hunt moving ships across the First Island Chain.

A tactical space reconnaissance satellite maneuvering in geostationary orbit high above Earth

Aerospace

Northrop and True Anomaly Win Prototype Deals to Crowd GEO With Watchdogs

DIU and Space Systems Command selected Northrop Grumman and True Anomaly to prototype maneuverable inspectors for GEO, feeding a $1.84B Space Force buy to replace an exquisite six-satellite fleet. Prototypes launch in 2028 before transitioning to operations in 2029.

A modern defense aerospace manufacturing facility with automated tooling and precision missile components.

Policy and Budgets

How a Stalled Reconciliation Bill Is Trapping the Pentagon's Multi-Year Munitions Strategy

Pentagon buyers pressed defense primes to expand munitions plants against promised multi-year contracts. With a $350 billion reconciliation add-on frozen in Congress, those factory investments are left hanging while the department prepares to reshuffle base spending or defer work into FY28.

Naval

Why the Navy Hired an Autonomy Startup to Build Traditional Landing Craft

Three yards just took $280.5 million in prototype agreements to build LCU 1700-class connectors, and one of them is Saronic, a company known for uncrewed boats, not crewed steel.

An advanced defense satellite maneuvers in low Earth orbit above the Earth horizon

Policy and Budgets

Why the Pentagon Finally Admitted It Fielded Weapons in Orbit

Air Force Secretary Troy Meink revealed the Space Force operates on-orbit space control weapons as the service pushes a $71.2 billion budget against a frozen continuing resolution.

An unmanned aerial refueling drone on the flight deck of an aircraft carrier at dawn

Aerospace

Super Hornets Will Keep Flying as Tankers Until Stingray Reaches the Fleet

The Navy has put Boeing's MQ-25A Stingray into low-rate production, a $562 million Lot 1 start that leaves Super Hornets doing tanker duty until 2029 to extend the carrier air wing's strike radius.

Tactical mobile air defense launcher firing a compact interceptor missile on a military proving ground

Aerospace

Boeing, Anduril, and Lockheed Martin Advance in the Race to Unburden Patriot

The Army selected Lockheed Martin and a Boeing-Anduril team for Phase 2 of its Second Interceptor competition, aiming to fill a critical mid-tier missile gap and preserve strategic Patriot stockpiles.

A tactical cruise missile launching from a mobile launcher at a desert test range

Aerospace

Covenant Emerges From Stealth With $250 Million to Mass-Produce Tomahawk-Class Cruise Missiles

Covenant emerged from stealth with Anthem, a mid-six-figure cruise missile designed for serial production as Tomahawk and JASSM inventories have been burned down in Iran. The company is trying to fill the gap between affordable mass and strategic range before allied magazines define deterrence.

Naval

How the Navy Is Using a 2019 Missile Contract to Unclog Tomahawk Production

The Pentagon wants 1,000 Tomahawks a year to replenish spent stockpiles, but prime contractor Raytheon cannot scale output until General Dynamics delivers more titanium warhead cases from Alabama.

Small tactical unmanned aerial vehicles operating in formation over rugged desert terrain at dusk

Funding

Israeli Defense Startup Aitan Raises $41 Million to Take Combat-Tested Drone Software Global

Israeli-founded Aitan is coming out of stealth with a $41 million round and a blunt argument: attritable drones are commodities, and the sovereign asset is the software that flies them together.