India
India and Poland have reaffirmed their intention to deepen bilateral cooperation across defense, technology, trade, and investment following high-level government talks in New Delhi.
Startups
German defense technology company Helsing has secured $1.8 billion in a Series E funding round, lifting its valuation to $18 billion. The investment ranks among the largest private funding rounds in the European defense technology sector.
Startups
Swedish investment firm Front Ventures has secured €5 million in new capital to increase investments in early-stage defense technology companies in Ukraine and Sweden. The funding will target companies with operationally tested technologies that are ready for industrial growth.
CSG has completed the transfer of propellant production technology to Poland's MESKO, adding a domestic capability for manufacturing a critical component of 155 mm artillery ammunition.
Europe's defense industry is undergoing a geographic transformation. As governments race to rebuild military capabilities after decades of underinvestment, production capacity is increasingly expanding in Central, Eastern, and Southeastern Europe, reshaping the continent's industrial landscape.
Croatian robotics and unmanned systems company DOK-ING has officially begun operating as Rheinmetall Unmanned Vehicles Ltd after Germany's Rheinmetall acquired a 51% majority stake.
Croatian drone technology company Orqa and Canada's Remote Robotic Systems have signed an exclusive agreement to expand production of Orqa systems and components in Canada.
The European Innovation Council has introduced its first dedicated defense funding initiative after new EU rules expanded the agency's mandate to include dual use and defense technologies. The €100 million program is intended to help European defense startups secure late stage financing.
Israeli autonomous robotics company XTEND has received approximately $9 million in new defense orders from a customer in the Middle East.
Daily defense news, analysis and industry intelligence from Central and Eastern Europe and Southeast Europe.
Italian investigators have uncovered an alleged espionage network accused of collecting classified military information for Russian intelligence, including details related to Western air defense systems supplied to Ukraine.
European governments are reassessing defense procurement plans amid concerns that the United States may struggle to meet existing weapons commitments. The situation is increasing pressure on European industry to accelerate production and reduce long-term dependence on external suppliers.
Romania has taken delivery of its first newly built naval combat vessel in nearly 36 years, marking a milestone in the modernization of the Romanian Naval Forces.
Rheinmetall has presented plans to expand its industrial footprint in Croatia through its partnership with DOK-ING, outlining a long-term investment program that could reach €600 million.
Estonia and Ukraine have signed an agreement covering drones, joint defense production and technology exchange. The framework could support new manufacturing projects in both countries, but does not create immediate financial obligations for Estonia.
Croatia has received EUR 255 million in pre financing under the European Union's SAFE instrument after approval of its defense investment plan. The funding is the first tranche of a loan facility worth up to EUR 1.7 billion intended to support joint procurement of priority military capabilities.
Defense-focused venture capital firm Expeditions has completed a €197 million second fund to invest in early-stage European defense and dual-use technology companies. The fund will target technologies intended to strengthen Europe's industrial base.
Israeli defense technology company Skapion has raised $36 million in seed funding to advance systems designed to counter coordinated drone swarm attacks. The company is targeting a growing air defense gap as low-cost unmanned systems challenge existing interception models.
ANKARA, Turkey – South Korea and Romania are looking to expand their bilateral relationship beyond defense cooperation, with both governments identifying nuclear energy and industrial collaboration as priorities during a meeting between President Lee Jae Myung and Romanian President Nicusor Dan on the sidelines of the NATO Summit. Lee described Romania
HAVELSAN's ADVENT Combat Management System has entered operational service with the Romanian Navy, marking its first deployment by a NATO member. The delivery expands the Turkish-developed system's international footprint and strengthens defense industrial cooperation between Türkiye and Romania.
Albania is set to become one of the founding members of the new Defence, Security and Resilience Bank (DSRB), a multinational financial institution designed to support defense investment and industrial capacity.
CSG has completed the transfer of propellant production technology to Poland's MESKO, adding a domestic capability for manufacturing a critical component of 155 mm artillery ammunition.
