European defense industrial platform Onodrim raised $300M at a $1.3B valuation to acquire and consolidate fragmented aerospace and manufacturing suppliers across Europe. The capital will fund acquisitions of approximately 10 companies.
Democrats' midterm election victory shifts Congressional control, threatening the Trump administration's plan to increase defense spending to $1.5 trillion in fiscal year 2027.
President Trump announced the U.S. will end its $4 billion annual military aid to Israel by the end of 2026, a decision he says was agreed with PM Netanyahu months prior. Israel can continue purchasing U.S. weapons under existing contracts.
The UK Ministry of Defence launched an offset policy requiring foreign contractors winning contracts valued at £50 million or more to establish British factories, invest in local suppliers and transfer technology, effective April 2027.
The UK announced a commitment to reach 3 percent GDP defense spending by 2030 and established a National Wealth Fund and British Business Bank deployment of up to £5 billion over four years into defense and dual-use sectors.
The Army is accelerating its public-private partnership program to modernize infrastructure and supply chains across installations despite leadership transition, with new requests for information targeting six strategic pillars.
Germany passed a constitutional amendment exempting defense from fiscal rules and allocated 750 billion euros for military spending over five years, nearly double France's planned defense budget and nearly double Germany's 2021 spending of 46.6 billion euros.
The Department of War's Office of Strategic Capital offered Wolfspeed up to $1.5 billion over 30 years for SiC and GaN production. No money has moved, and the first $600 million would refinance 2030 notes.
The Defense Department implements a new profit margin policy directing contracting officers to use commercial-sector benchmarks tailored to specific industries rather than traditional cost-based measures.
The Department of War released a five-year strategic plan identifying castings, forgings, and microelectronics as single points of failure in U.S. weapons production, warning that insufficient surge capacity invites adversary aggression.
JEF Defence Ministers from 13 nations agreed to advance defence industrial cooperation and identify practical collaboration opportunities on shared industrial resilience, interoperability, and capability innovation.
The Defense Department obligated $142 billion of $152 billion in reconciliation funding before the Oct. 1 FY27 deadline, leaving $10 billion subject to 8.3% sequestration cuts that eliminate roughly $830 million in purchasing power.
A continuing resolution through December 11 blocks new program starts across the Pentagon, freezing funding for the $17.5 billion Golden Dome missile defense initiative and the $54.6 billion DAWG drone program among 150-plus affected efforts.
Conti Federal Services secured a $55.4 million firm-fixed-price contract from the U.S. Army Corps of Engineers to build a Special Tactics Complex for the Oregon Air National Guard's 125th Special Tactics Squadron in Portland.
Kohlberg and Loenbro have acquired Prism Electric, a Texas electrical contractor with 2,500 employees serving data centers, airports and hospitals. The deal marks Loenbro's largest acquisition on record.