November 2026
TGOs reporting on the business of defense from November 2026.
- Industry · SubmarinesRolls-Royce's submarine reactor business plans large-component prototyping at a Derby technology parkRolls-Royce expects the Derby technology park to expand capacity supporting submarine programmes while allowing its Raynesway site to focus on delivery.
- Industry · Unmanned systemsKratos plans a turbojet production ramp ahead of expected salesKratos targets up to 3,000 engines produced in 2027. It forecasts about 1,500 sold, with cash flow estimates including working capital for the ramp.
- Contracts · Cyber infrastructureDISA seeks cloud identity and access prototype for Department of WarResponses are due Nov. 30 for a commercial identity-management prototype. It would operate across IL5 and IL6 environments.
- Industry · Counter-droneArmy assesses FD-1 drone interceptor to develop training for novice operatorsThe Poland assessment sought to develop operator training for wider use of the drone interceptor.
- Industry · Space buyersSpace Force Brig. Gen. Robert Schreiner becomes NRO deputy directorThe former NRO facility commander returns to help manage the agency's design, acquisition, launch and operations of intelligence, surveillance and reconnaissance capabilities.
- Budget · Allied financingEU releases €658 million for Ukraine’s defense procurementThe European Commission says most of the payment will buy equipment from Ukrainian companies.
- Contracts · Critical materialsDefense Logistics Agency committed $2 billion to stockpile critical materials in fiscal 2026The agency says most critical mineral contracts awarded through its Contracting Services Office were intended to enable domestic production.
- Contracts · RotorcraftU.S. approves possible sale of 11 Black Hawks to MexicoThe package carries an estimated $1.075 billion price for helicopters, equipment, training and support, with Sikorsky as principal contractor.
- Budget · Uncrewed systemsCanada proposes C$2.3 billion for its Defence Drone InitiativeA portion of the proposed funding would come from money already provisioned in Canada's fiscal framework, the budget says.
- Contracts · Space acquisitionSpace Systems Command awards acquisition support under its Strategic Services VehicleSolicitations are posted only on GSA eBuy, with planned security and engineering support set aside for women-owned small businesses.
- M&AT3 Defense buys KeepZone to expand homeland security salesThe acquisition closed Nov. 4 for $1,539,800 in stock, plus a potential cash earn-out. T3 plans to sell its subsidiaries’ products through KeepZone’s channels.
- M&A · Maritime intelligenceWindward acquires Azimut.ai to add maritime optical sensingThe maritime intelligence company's first step into ground and ship-based sensors supports its aim to place proprietary cameras at maritime chokepoints.
- Industry · MunitionsMachina selected to deploy robotic factories for LUCAS-class drone airframesThe company was selected to develop and qualify a metal airframe, then deploy two pilot robotic factories under a Department of War industrial base challenge.
- Contracts · SpaceViasat wins contract for Space Data Network’s mission operations hubThe award includes a $115 million initial task order to design, field and scale the center, under a contract with a $450 million ceiling.
- Contracts · SpaceSpace Force considers translator satellites for incompatible networks, Breaking Defense reportsSources told Breaking Defense a wider network overhaul could cost up to $1 billion; five companies already hold prototype awards for translator satellites.
- Contracts · Naval minesDenmark signs for Blocker naval mines through Finland-led procurementGermany, Lithuania and Norway also take part in the initial joint procurement; Defense News reports Lithuania has decided to proceed with its own contract.
- Contracts · Counter-droneArmy seeks portable counter-drone kit for Africa task forceThe xTech competition offers up to $1 million in cash prizes. Submissions are due Nov. 17, with a soldier exercise anticipated for February 2027.
- Contracts · CBRNPentagon seeks industry sources for Navy biological agent identification subsystemThe public notice summary calls for a backward-compatible replacement for the Joint Biological Point Detection System Identifier. Responses are due Dec. 7.
- Capital · DronesAxon targets larger Skydio stake with $1.2 billion investmentAxon will also become the drone maker’s exclusive public safety distributor in the U.S. and Canada.
- Industry · Aerospace componentsLoar's third-quarter defense sales rise 58.2%, led by original equipmentDefense original-equipment sales more than doubled in the third quarter of 2026. Loar's earnings release does not separate acquisition effects on defense growth.
- CapitalCesiumAstro closes $730 million round to support its own planned satellite constellationThe space communications supplier plans a 737-satellite constellation that would take it into operating its own infrastructure. Janus Henderson led the equity round.
- ContractsSikorsky selected to deliver S-92A+ presidential helicopters to South KoreaA Korea Aerospace Industries subsidiary will complete mission equipment in South Korea as South Korea’s air force continues with the S-92 family for presidential transport.
- M&ALightPath keeps its former China unit as a supplier for five yearsThe divested unit will keep supplying LightPath's commercial business, with the markup LightPath pays rising as the buyer pays off the $4.5 million purchase price.
- IndustryRoyal Navy launches Callen-Lenz strike drones from carrier in trialsNyan Maritime flights and a Tekever AR5 trial give the navy evidence for decisions on operating drones alongside crewed aircraft.
- Industry · Missiles and space subsystemsKarman's quarterly bookings include seven-year Lockheed Martin contractBacklog reaches $1.7 billion, up 108% from year-end 2025.
- Contracts · NavigationArmy plans call for commercial standalone non-radio-frequency positioning, navigation and timing systemsThe Nov. 10 call will seek standalone systems for the Army's Assured-PNT requirements through the VULCAN portal.
- CapitalHalo Industries gets $75 million conditional Pentagon loan commitment for silicon carbide wafersThe Office of Strategic Capital says its financing would help the laser-based wafer producer approach cost parity with foreign competitors.
- Industry · Submarine sustainmentFairbanks Morse discusses Seawolf maintenance with Navy, Breaking Defense reportsCEO George Whittier told Breaking Defense he expects Seawolf work to follow the Los Angeles- and Ohio-class submarine overhauls.
- Industry · NavyBeacon's MISSILE test-facility software is live at the Navy's Wallops Island centerThe test-facility operations platform entered use during its prototype phase. It operates under an interim authority to connect, with a follow-on multi-year licensing contract in process.
- IndustryGermany names Army chief Freuding its next chief of defense, Defense News reportsArmy Chief Christian Freuding, who oversaw arms supplies to Ukraine, will take Germany's top military post in February 2027, Defense News reports.
- Industry · ShipbuildingNavy and Marines plan larger amphibious fleet at lower readiness, Defense One reportsThe Marine Corps thinks it needs 40 amphibious ships to keep three Amphibious Ready Groups with embarked Marine Expeditionary Units deployed at all times, Defense One reports.
- M&AShield AI agrees to buy Echodyne in $5.3 billion radar dealThe acquisition would expand Shield's Mission Systems business with counter-drone radars. A $2.5 billion financing package includes structured equity from Blackstone-managed funds.
- Capital · Office of Strategic Capital6K gets conditional Pentagon loan commitment of up to $250 million for battery cathodesThe Department of War financing would support battery cathode production in Tennessee, with the department expecting it to attract additional private capital. Funding remains subject to conditions.
- Industry · Combat aircraftEurofighter sees opportunities to sell 200-plus jets, Breaking Defense reportsThe consortium’s potential export tally has grown, but its production ramp-up plans received no update at the Munich conference, Breaking Defense reports.
- Contracts · Electronic warfareNavy plans to solicit Boeing for Growler Beowulf developmentThe planned work covers prototypes and aircraft integration for U.S. and Australian Growlers, with performance anticipated from March 2028 through March 2033.
- Industry · Defense suppliersCurtiss-Wright's quarterly orders grow faster than salesOrders rose 15% in the third quarter, while Defense Electronics sales grew 2% and its operating margin fell.
- M&A · Intelligence servicesBluestone-backed Swift Ascent acquires MMAX to build an intelligence community services platformThe combined company will keep the MMAX name and intends to invest in new capabilities through further acquisitions.
- Industry · Space intelligenceBlackSky's capital spending outpaces operating cash in record revenue quarterThird-quarter operating cash fell short of capital spending by about $11.8 million. BlackSky raised its full-year revenue outlook.
- IndustryTextron raises outlook with MV-75 funding now approvedTextron says its higher forecasts reflect MV-75 funding approval and associated contract modifications. Its July outlook already assumed the funding; Bell’s quarterly program volume fell.
- Industry · Naval sustainmentGastops adds Anschütz agreement to Canadian submarine sustainment plansA memorandum of understanding covers long-term support of Anschütz submarine systems in Canada, building on Gastops’ earlier teaming agreement with TKMS.
- Capital · SpaceLeoLabs gets conditional $150 million Department of War loan commitment for radar productionThe financing would expand production and deployment of LeoLabs radars, including mobile Scout units. Dollar-for-dollar co-investment would bring the capital infusion to $300 million, subject to closing requirements.
- Contracts · Counter-droneUkraine lets private air defense participants protect other companies’ sites under contractNew rules also allow manned aircraft in company air defense groups and expand opportunities to use interceptor drones by regulating companies’ use of warheads and electric detonators.
- Industry · Missile defenseMBDA-led hypersonic interceptor targets 2029 demonstrator flight, Defense News reportsMBDA-led Hydis competes with Hydef for €100 million for its next development phase, Defense News reports. The European Defence Fund plans to support only one proposal.
- Industry · Navy acquisitionNavy appoints submarine program veteran to lead surface ship acquisitionRear Adm. Jonathan Rucker brings submarine design and construction experience to Portfolio Acquisition Executive Maritime, the Navy office responsible for delivering surface ships.
- Industry · Space and defense techRedwire’s Defense Tech revenue falls 16% year over year in the third quarterSpace growth lifted Redwire’s total revenue despite lower Defense Tech sales. Its annual forecast requires fourth-quarter company-wide revenue at least 16.4% above the third quarter.
- Contracts · Base infrastructureAir Force seeks 3D concrete printers for protective structures, Defense News reportsThe service wants mobile printers that lightly trained personnel can operate in austere conditions. Its small-business research solicitation closes in January 2027, Defense News reports.
- Industry · Strategic forcesLockheed flight-tests Mk21A reentry vehicle for the Air Force's future ICBMThe unarmed, developmental vehicle flew under a contract valued at over $1 billion. Lockheed says flight data will inform design refinements and future testing.
- Contracts · Counter-UASCHAOS 1 wins contract for CENTCOM counter-drone radarsThe award, valued at more than $6.9 million, covers Vanquish Prime radars plus training and technology for their integration and operational use.
- Industry · Unmanned and counter-UASPentagon reports fielding over 24,000 counter-drone systems for CENTCOMThe Pentagon cites approximately $782 million invested this year across counter-drone systems, one-way attack drones and unmanned vessels, with deliveries to more commands planned.
- Industry · Autonomous combat aircraftShield AI says X-BAT per-aircraft cost could fall to $25 million, Breaking Defense reportsBreaking Defense reports a higher-end sensor configuration could add $10 million. Shield AI aims to begin production in 2029.
- Industry · ShipbuildingFincantieri-Leonardo venture targets 18-month FREMM build time cut, Breaking Defense reportsExecutives aim to shorten the FREMM delivery window from 54 to 36 months, Fincantieri CEO Pierroberto Folgiero said, according to Breaking Defense.
- Contracts · Strategic forcesAir Force awards Exiger $12 million contract for ICBM supply chain analysisExiger will support the Air Force’s ICBM directorate with a platform the company says is built to identify risk down to the part and sub-tier dependency level.
- Industry · Missile defense trainingSafran Power Units to supply engines for UVAD's supersonic Falcon target droneThe reusable missile defense training target will use two Safran turbojets, with flight testing planned for 2027.
- CapitalAeroVironment expands revolving credit facility to $450 millionThe Oct. 30 amendment adds $100 million in revolving commitments and brings in BMO Bank as a new lender.
- Contracts · R&DDARPA seeks research on autonomous teams that adapt as communications degradeThe Unison program seeks to preserve mission performance with less communication dependence. It will investigate approaches across teams of tens to hundreds of agents.
- Industry · Naval aviation trainingSNC exits Navy T-45 replacement competition, Breaking Defense reportsBreaking Defense reports SNC declined to bid under the Navy’s contract structure, leaving Textron’s M-346N as the service’s “one true competitor.”
- Capital · DronesAlpha Unmanned Systems closes €4 million financing for Madrid production expansionThe unmanned helicopter maker plans to expand capacity at a new plant. Spain’s export credit agency backs the financing, with Santander, Bankinter and BBVA participating.
- Contracts · Submarine sustainmentBabcock awards KierBAM roughly £600 million for Devonport submarine dock worksThe Ministry of Defence-funded contract covers 10 Dock’s water-retaining boundary and associated infrastructure as the redevelopment moves into main construction.
- Contracts · Mine countermeasuresThales subsidiary wins $53.9 million Navy contract for remote mine-hunting modulesThe modules pair mine-detection sonar with AI-augmented software. Options for additional modules could take the contract to approximately $196.2 million.
- Industry · Naval systemsFincantieri and Leonardo plan stronger role for naval joint venture OSNA letter of intent seeks to strengthen the venture's industrial and commercial role as it handles Italy's DDX destroyer program.
- Industry · Uncrewed aircraftAirbus scraps Wingman combat drone, Breaking Defense reportsBreaking Defense reports that customers sought earlier service entry, prompting Airbus to pursue a design derived from its Barracuda demonstrator.
- Contracts · MunitionsBreaking Defense: Aeon reports $13.8 million SOCOM deal for shoulder-fired ZeusAeon told Breaking Defense it plans to deliver fewer than 100 developmental Zeus weapons over the next year, after investing its own capital to build the weapon.
- Contracts · UnderseaNavy asks industry to price a 24-month submarine rescue design phaseA request for information explores narrowing two design vendors to one builder at critical design review.
- Contracts · Munitions industrial baseNavy plans sole-source Northrop contract for MK 45 projectile bodiesThe planned production contract follows Northrop’s completion of competitively awarded prototype work. Other suppliers can submit capability statements by Nov. 18.
- Contracts · Naval dronesFrance starts naval drone industry pact, Defense News reportsThe initiative aims to develop French drone makers able to produce equipment quickly for naval requirements, Defense News reports.
- Contracts · AI softwareVirtualitics expands munitions planning software access across the Air ForceThe renewed contract adds command dashboards and analysis of future storage requirements to software first deployed within Global Strike Command.
- Contracts · Command and controlAir Force targets December solicitation for Megatron battle network contractThe planned contract would have small-business and unrestricted pools, with ordering open to all Department of the Air Force program offices and Department of War agencies.
- Contracts · Naval shipbuildingIndia orders eight corvettes from GRSE and Goa ShipyardUnder contracts worth Rs 53,866.50 crore, the state-owned shipyards will build an Indian Navy design. GRSE takes five ships and Goa Shipyard three.
- IndustryEntrust Solutions acquisition contributes $142 million to Leidos' third-quarter revenueLeidos' revenue rose 4%, with 0.6% organic growth, while Homeland expanded and higher-margin Health contracted. A new joint venture figures in revised full-year guidance.
- M&ABluestone-backed Delphinus announces combination with Navy logistics provider Professional AnalysisBluestone says the combination advances its naval sustainment platform strategy, linking Delphinus' ship maintenance work with Professional Analysis' logistics and supply chain capabilities.
- Industry · AirSaab flies its own AI agents on Gripen ESaab says developing the agents and their training tools in-house gives it control over how the software operates, is verified and evolves.
- Capital · SpaceNorthwood Space raises $375 million for ground network expansion, Defense Daily reportsDefense Daily reports Northwood plans faster antenna production and 400 more people over three years to expand its ground network.
- Capital · Private equityAE Industrial closes roughly $850 million continuation vehicle for defense distributor Blue RavenLexington Partners leads the vehicle, which AE Industrial says will provide capital for organic initiatives and potential acquisitions as the firm continues its partnership with Blue Raven.
- Industry · ShipbuildingHanwha Philly Shipyard names Hyuk Kim president to lead naval expansionThe Hanwha Ocean veteran takes charge as the yard adds defense work to its commercial business, with capacity and workforce development among his stated priorities.
- Industry · AIOpenAI creates national security role for former Army Secretary Dan DriscollDriscoll will advise on AI for national and cyber security, focusing on U.S. allies, and help OpenAI teams understand national security institutions’ operational needs.
- Capital · HypersonicsHypersonica raises €100 million to accelerate hypersonic missile developmentThe Series B is more than four times February's round, with funds intended to increase testing cadence. Hypersonica aims to develop hypersonic deep-strike systems by 2029.
- Week AheadThe week ahead: Nov 2–Nov 13
- IndustryPalantir's U.S. commercial revenue overtakes U.S. government revenueU.S. commercial revenue pulls ahead even as U.S. government revenue grows 96% year over year.
- Contracts · MunitionsAir Force wants ERAM deliveries to begin within three months of awardThe request seeks production capacity for more than 1,000 all-up rounds, alongside a separate glide-version request with its own capability-delivery timetable.
- IndustryBWXT’s Government Operations margin rises to 19.2%BWXT attributed Government Operations’ third-quarter revenue growth to special materials and advanced nuclear, partly offset by lower naval propulsion volume. Segment bookings fell from a year earlier.
- IndustryV2X raises its adjusted cash forecastRevenue rose 9% in the third quarter, while nine-month operating cash flow was negative. V2X's higher cash forecast uses an adjusted measure.
- IndustryVoyager's sales growth comes with wider operating lossesThird-quarter sales rose 68% from the previous quarter, while operating losses grew 20.4%. September's convertible-note offering added cash as operations consumed it.
- Capital · DronesDrone maker Neros gets conditional Pentagon loan commitment of up to $450 millionDepartment of War financing would support domestic drone and component production, including parts for other manufacturers. Neros must meet additional requirements before financial close.
- Industry · Uncrewed aircraftDefense News: Oshkosh partners with Grid Aero on Lifter productionDefense News reports Grid Aero will initially handle low-rate production while Oshkosh establishes a pilot line, with production shifting to Oshkosh as customer demand grows.
- Contracts · ArtilleryArmy seeks tracked 155mm howitzer from existing production linesThe Army plans prototype agreements for a mature, available system. Responses are due Nov. 16; proposals will come from vendors selected to submit them.
- Contracts · Naval aviationNavy expects to discuss consortium prototype deals at aviation autonomy and AI eventA December 2026 industry day is open to Naval Air Systems Consortium nonmembers. Industry and academic participants can request presentation slots.
- Contracts · SpaceDepartment of the Air Force plans up to five cislunar design study contractsA request for information describes spacecraft that may inform the acquisition strategy for a potential future proliferated cislunar constellation. Industry responses are due Nov. 24.
- Contracts · IsraelElbit wins 15-year contract to build and run Israeli artillery training centerThe approximately $170 million Israel Ministry of Defense award combines simulators and training facilities with training, maintenance and support services throughout the contract period.
