The combined operating profit of the four largest defense contractors jumped an estimated 72% to 2.1 trillion won ($1.5 billion).

Strong demand from allied customers has led to international sales accounting for a growing share of DRS’s overall revenue since 2021.

Pratt has secured another contract worth up to $1.5 billion to sustain the F119 engine over the next three years and keep the F-22 flying.

The Airbus CEO says talks with Leonardo and Thales to fix an overcapacity problem in European satellite development and production could lead to creating a combined entity modeled on missile-maker MBDA.

Edge Group Chairman Faisal Al Bannai says the company’s defense export ambitions could still reach a major milestone this year with more than half of bookings coming from abroad.

The U.S. imported $47 billion in minerals from Canada in 2023.

BAE Systems’ acquisition of Ball Aerospace will help position the company for a potential role on the proposed Iron Dome for America missile defense project.

Airbus is in discussions with companies in the United Arab Emirates over a workshare on the A400M to secure its first Middle East order for the airlifter.