Funding
Lockheed Martin VC arm to invest $100m in European defence tech and establish London office
US defence giant has earmarked $100m for European defence tech investments from its $1bn venture capital fund, to be headed from a new London office.
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Funding
Expeditions closes second defence-tech fund at €197m as EU, NATO and BAE invest
European defence technology investor Expeditions has closed its second fund at €197 million, more than doubling its original target as BAE Systems, the European Investment…
Analysis
Inside SAFE: how the EU’s €150bn defence loan machine is working
With Greece the fifth recipient of SAFE financing last week, the rollout of the EU's defence financing tool has been quick, but uneven.
Markets
Thales raises outlook as defence orders surge
French defence and aerospace group Thales raised its full-year outlook on Thursday after reporting a 21% jump in first-half order intake, comfortably beating analyst forecasts…
Funding
Helsing raises $1.8bn at $18bn valuation in Europe’s biggest defence tech round
Munich-based defence AI company Helsing has raised $1.8 billion in a Series E round, valuing the company at $18 billion — the largest funding round…
Policy
Germany to launch state-backed fund to invest in defence start-ups
Germany will launch a state-backed investment vehicle to take direct equity stakes in defence and security start-ups, the government said Wednesday. Berlin is seeking to…
M&A
Rheinmetall and Destinus set out plans for European missile venture
Rheinmetall and Destinus have agreed to form a joint venture to produce cruise missiles in Germany. The venture will be formally established in the second…
M&A
EQT enters space sector with Exolaunch acquisition
ETQ's first space investment underlines growing appetite by private equity for dual-use businesses
M&A
Tank maker KNDS clears path for €18bn IPO after France and Germany agree equal ownership
Franco-German defence group poised to become one of Europe’s largest listed defence companies after Paris and Berlin resolve longstanding governance dispute France and Germany have…
Funding
Seraphim Space leads £4m seed round in maritime autonomy startup Online Oceans
Successful fundraising is the latest in a series of investors backing low-cost, autonomous and dual-use technologies this year.