Switzerland
European defense technology company Destinus is reportedly seeking around €200 million in fresh financing at a valuation exceeding €5 billion. The funding effort comes as European investors increase support for defense startups focused on autonomous systems, drones, and military AI.
Poland
Polish steelmaker Huta Częstochowa has signed a cooperation agreement linked to the country’s defense industrial supply chain. The initiative includes plans for greater state involvement in the steel producer as Warsaw seeks to strengthen domestic capacity for strategic steel products.
Italy
Italy has warned it could withdraw from a European Union defense financing initiative amid disagreements linked to energy sector policies and industrial priorities.
The Swiss Armed Forces have continued field testing of FPV drones at the Elm training range as part of a broader effort to integrate tactical unmanned systems into military operations. Drone technology company ORQA participated in the trials by providing FPV equipment and operational support.
FNSS and Czech defense group CSG unveiled the CFL-120 KARPAT medium tank during IDEB 2026 in Slovakia, where AdriaDefense was present. The platform combines the KAPLAN MT chassis with Leonardo’s HITFACT MKII 120 mm turret for the European market.
The IDEB Defence & Security exhibition opens today, 12 May, in Bratislava, bringing together defense manufacturers, military officials, and security sector representatives from across Europe. AdriaDefense.com will report directly from the event throughout the exhibition.
DAIMEX Baltic 2026 will bring together defense and aerospace companies, military representatives, and NATO stakeholders in Lithuania on 12-13 May 2026. The event combines a conference, exhibition, live demonstrations, and business meetings focused on regional defense cooperation.
Croatian drone manufacturer Orqa is expanding its international manufacturing network as part of a broader effort to increase annual drone production capacity beyond one million units. The company plans to distribute production across allied markets.
Netherlands based startup Intelic has introduced a digital procurement platform designed for European military drone acquisitions. The initiative aims to connect armed forces with verified European unmanned systems manufacturers amid rising demand for tactical UAV capabilities.
Daily defense news, analysis and industry intelligence from Central and Eastern Europe and Southeast Europe.
Defense officials and industry representatives highlighted technology integration as a growing challenge for modern armed forces during regional discussions on military modernization. I
South Korea’s LIG Defence & Aerospace is close to completing deliveries of Chiron man portable air defense systems ordered by Romania in 2023. The final shipment is expected by the end of May 2026. Discussions on additional procurement are ongoing.
Türkiye’s state-owned MKE will build an ammunition plant in Kosovo with a 20-million-cartridge annual capacity by 2026, deepening Ankara’s defense presence in the Balkans.
UK Royal Marines air defense specialists have been deployed in Cyprus and the Eastern Mediterranean to support British military operations and regional force protection missions.
Estonian Defense Minister Hanno Pevkur said prices for some defense products in Europe have increased by up to 60% over the past two years amid accelerated NATO rearmament efforts.
Exaforce, a Czech-led cyber defense platform, has secured €106.8 million in Series B funding led by international investors. The round increases the company’s total funding to approximately €200 million within two years.
GoPro said it is evaluating opportunities in the defense and aerospace market as the company seeks to diversify beyond its traditional consumer business.
Lithuania plans to adopt elements of Finland’s total defense model to strengthen national resilience, civil preparedness, and military coordination amid growing regional security concerns.
Saab and Poland’s PGZ signed a naval cooperation agreement covering submarine support, underwater technologies, and industrial collaboration linked to Poland’s maritime modernization efforts.
THEON International has announced a strategic investment in U.S.-based artificial intelligence company Twin Prime as part of a broader effort to expand AI integration across its electro-optical systems portfolio.
Latvian Prime Minister Evika Silina announced her resignation on May 14, triggering the collapse of the country’s governing coalition months ahead of parliamentary elections scheduled for October. The political crisis intensified after the withdrawal of support from the Progressives party, which left Silina’s administration without a majority in
Croatia has submitted a proposal for approximately €1.7 billion in defense procurement projects under the European Union’s SAFE financing instrument. The package includes air defense systems, HIMARS rocket launchers, Leopard 2A8 tanks, and additional CAESAR artillery systems.