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L3Harris Breaks Ground on PAC-3 Missile Propulsion Facilities in Arkansas
June 25, 2026 - L3Harris is building two new facilities in Camden, Arkansas to increase production of propulsion systems for the Army’s PAC-3 missile program. The expansion includes new casting, assembly, and case preparation capabilities, along with automated manufacturing technologies to improve output and efficiency. The investment supports broader efforts to expand PAC-3 interceptor production following recent Pentagon and Lockheed Martin initiatives to increase missile manufacturing capacity. (The Defense Post)
Aerospace Parts Maker Doncasters Raises $919.3M in US IPO
June 24, 2026 - Doncasters raised $919.3 million in its U.S. initial public offering after pricing shares at $33 each, above its marketed range. The aerospace components manufacturer has invested more than $170 million since 2020 to modernize facilities and expand capacity following a restructuring that transferred ownership to its lenders. The company, which supplies parts for aerospace engines and industrial gas turbines, will begin trading on the New York Stock Exchange under the ticker symbol DPC. (Reuters)
Lockheed Inks Massive THAAD Deal Worth Up to $35B
June 24, 2026 - The Missile Defense Agency has awarded Lockheed Martin a $35 billion contract to increase production of THAAD interceptors over the next seven years. The agreement will raise annual output from 96 missiles to 400 missiles as part of a broader effort to strengthen the U.S. defense industrial base. Production work will take place at facilities in Texas, California, Alabama, and Arkansas. (Breaking Defense)
Defense Stocks Plummet on Reports Germany is Scrapping Warships; Rheinmetall Stock Down 18%
June 24, 2026 - European defense stocks declined after reports that Germany plans to cancel its F126 frigate program and instead purchase eight smaller Meko A-200 warships from TKMS. Rheinmetall, which had been expected to lead the €12.8 billion project, fell sharply, while TKMS shares rose on expectations of benefiting from the revised procurement plans. The news added to broader investor concerns about whether announced increases in European defense spending will translate into all planned military programs and contracts. (CNBC)
Boeing Gets Air Force Satellite Pact for Up to $2B
June 23 2026 - Boeing has been awarded a U.S. Air Force contract worth up to $2 billion to design, develop, build, and test two Mobile User Objective System (MUOS) satellites. The company secured the award through a competitive bidding process and will initially receive $204 million for research, development, and testing activities. Work will be performed in El Segundo, California, with completion expected by September 2035. (Morningstar)
Stark Defence Raises €500M Led by Sequoia and Founders Fund at a Valuation Above €3.5B
June 23, 2026 - Berlin-based drone company Stark Defence has raised €500 million in a funding round led by Sequoia Capital and Founders Fund, valuing the company at more than €3.5 billion. The company develops loitering munitions, including its Virtus drone, which has been deployed in Ukraine, and plans to use most of the new capital to expand manufacturing and research capabilities. Stark recently secured contracts with the German government for kamikaze drones and now operates facilities across Germany, Ukraine, Sweden, Greece, and the United Kingdom. (The Next Web)
