Lockheed Martin reports sales up 4% in first quarter 2021
Lockheed Martin has reported a 4% increase in net sales to $16.3bn during the first quarter of 2021 when compared to $15.7bn in the same period a year earlier.
Market Data
R&D focus of new Biden budget likely to provide increased funding for technologies including Hypersonics and Quantum
At the beginning of March 2021, the Biden administration unveiled its top line defense budget...
UK Defence Secretary sets out 2030 vision for armed forces
UK Defence Secretary Ben Wallace has outlined the 2030 vision for the country’s armed forces as part of the ‘Defence...
US DoD authorises more personnel to assist Covid-19 vaccination centres
The US Department of Defense (DoD) has authorised an additional ten Type 2 teams to support the ongoing Covid-19 vaccination...
US’ Biden administration reasserts African presence as plans for June’s ‘African Lion 21’ exercise underway
After the cancellation of the annual ‘African Lion’ exercise in 2020 due to COVID-19, two senior US Army commanders, Gen....
L3Harris to sell certain business units to CAE and RENK for $1.45bn
L3Harris Technologies has signed a definitive agreement to divest its military training business to CAE for a cash consideration of $1.05bn. The military training business generates annual revenue of approximately…
AeroVironment completes purchase of Arcturus UAV for $405m
AeroVironment has purchased high-performance unmanned aircraft system (UAS) manufacturer Arcturus UAV in a transaction valued at around $405m. The acquisition will enable AeroVironment to expand its portfolio of UAS into…
UK imposes sanctions on Myanmar military generals after coup
UK Foreign Secretary Dominic Raab has imposed sanctions against three Myanmar (formerly Burma) military generals after coup. The sanctions are in response to involvement in serious human rights violations during…
Electric military vehicles market needs more time to mature: Poll
Electrification of vehicles in military offers benefits in terms of both operations and logistics. Verdict has conducted a poll to assess whether the electrification of military vehicles is going to…
US DoD authorises more troops to assist Covid-19 vaccination efforts
US Department of Defense (DoD) Secretary Lloyd Austin has authorised an additional 20 active-duty troops to support Covid-19 vaccination efforts. The move comes in response to a request from the…
“Bar Russia, China from investing in UK defence supply chain”: MPs
Foreign Involvement in the Defence Supply Chain subcommittee chair, MP Richard Drax said: “Whilst the National Security and Investment Bill represents a step in the right direction, the government must…
