Funding
SE3 Labs emerges from stealth with €5.5 million for defence-focused spatial AI
Lakestar led the seed round alongside a host of VC backing for a business already working with the German military.
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Analysis
First-half 2026 results unpicked: order book heaven
The first-half results are now in for Europe's biggest defence and aerospace companies and the continent's rearmament push is creating enormous order backlogs.
Funding
Agon emerges from stealth with $30m to build virtual training grounds for defence AI
Backed by Lakestar, Lux Capital and Northzone, the startup is led by prolific AI and tech veterans of Anduril, Applied Intuition and Unity.
Markets
Rheinmetall revenue jumps 39% as Europe’s rearmament moves into production
The German giant reported €5 billion first-half sales and operating profit of almost €800 million, a 74% rise. Orders continued to rise with a mega…
Markets
Renk orders jump 30%, reaching record, as the defence supplier expands into naval propulsion
Orders outpaced revenue growth for the German Leopard 2 tank supplier in the first half of the year, reaching a record €7.4 billion backlog, with…
Markets
Hensoldt doubles orders despite frigate setback
The German radar and sensors specialist reported first-half orders more than doubled, despite losing a €200 million contract in July.
Markets
Airbus defence orders double as European rearmament drives demand
Defence orders rose to €9.3 billion in the first half of the year, the strongest growth across the group.
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
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…