military

AeroVironment acquires ESAero for $200M to expand propulsion and autonomous aircraft capabilities, marking its third major acquisition in three years amid aggressive integration timeline.

SpektreWorks' LUCAS loitering munition sees combat debut with DoD holding inventory in dozens, raising questions about production scale and company compliance infrastructure.

UK MoD approval of Evolve Dynamics' Sky Mantis from 2019 gains relevance as the company scales and adds anti-jamming capabilities, but procurement teams must verify financials and deployments.

GA-ASI demonstrates autonomous IR-based target localization on MQ-20 Avenger in live USAF exercise, validating sensor architecture for YFQ-42A Dark Merlin CCA production program.

GA-ASI demonstrates autonomous IR-based targeting on MQ-20 Avenger at live USAF exercise, validating sensor architecture for $30B+ CCA program ahead of production milestone.

US Navy awards Gecko Robotics a $54M–$71M IDIQ contract to deploy climbing robots and AI drones across 18 Pacific Fleet vessels, validating the company's defense beachhead.

GomSpace's 410 MSEK backlog covers 64–76% of 2026 guidance, signaling credibility for European defense missions but raising FCF and liquidity concerns.

GomSpace achieves record Q4 2025 profitability with 12% EBITDA margin and 410 MSEK backlog, but negative FCF guidance and wide margin range create 2026 execution risk for European defense programs.

NATO NSPA activates first call-off orders for Parrot ANAFI UKR micro-UAVs, converting framework access to operational procurement across ~30 member states with initial Finnish Defence Forces shipments.

Evolve Dynamics' Sky Mantis tethered ISR platform offers genuine all-weather persistent surveillance capabilities, but funding constraints and lack of disclosed contracts raise supplier viability concerns for defense procurement.