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13 Aug 25. Billionaire Porsche family prepares for war with new defence fund. The German billionaire family behind Porsche is launching a new fund focused on investing in defence as it seeks to cash in on Europe’s rearmament drive. Porsche SE – the powerful holding company run by the Porsche family – said it wanted to “defend our values, democracy, and freedom” by pursuing a range of investments in the sector. The company, which has stakes in its eponymous luxury carmaker and Volkswagen, is expanding into weapons as it claimed we are “in a world where freedom and security are no longer a given”. In particular, Porsche SE called out Russia’s “war of aggression against Ukraine, growing geopolitical tensions in Asia, and increasing cyberattacks on critical infrastructure”. To expand its fund, the Porsche family is planning to attract investors across Germany and Europe. The shift into defence is a symbolic moment for the Porsche family, which has generally avoided working with the defence sector since the 1960s. Ferdinand Porsche, the founder of the luxury marque Porsche AG and the engineer behind the bestselling Volkswagen Beetle, was a notable figure in Nazi Germany. He played key roles in tank design, turret production and even had a brief spell working on the V-2 rocket, as he became a friend of Adolf Hitler in the process. Ever since, his descendants have tried to move past this chapter in their history. However, Porsche SE said a renewed focus on defence in Europe had created an opportunity that it intended to capitalise on. Hans Dieter Pötsch, chairman of Porsche SE, said: “On our way to becoming a diversified investment platform, we are closely monitoring the areas of defence capability, security and European resilience.
“With regard to portfolio investments, our aim is to increase our involvement in the defence and defence-related sectors while maintaining our core focus on mobility and industrial technology.”
The launch of the defence fund, first mooted by the Porsche family in March, comes amid a major German rearmament push. Friedrich Merz, Germany’s Chancellor, secured support in March for an easing of his country’s long-standing “debt brake”, turning the taps on for €500bn (£432bn) of investment and ensuring that any defence spending above 1pc of GDP will be exempt from borrowing restrictions. Porsche SE said its investments would focus on technology-driven areas including satellite surveillance, reconnaissance and sensor systems, cybersecurity or logistics and supply systems. A company spokesman said: “Our core holdings confront their past. Both Volkswagen AG and Porsche AG see dealing with their history as a permanent task and continue to dedicate themselves to this process.
“For this reason, we view responsibility not as a historical burden but as a mandate for the present.
“Any investments by Porsche SE in defence and security infrastructure contribute to strengthening Germany and Europe. We take our historical responsibility seriously and carefully review our investments.”
The investment fund comes amid a surge in the value of defence stocks since the turn of the year. German defence giant Rheinmetall, which is Europe’s biggest producer of ammunition, has risen by 161pc. FTSE 100 nuclear submarine contractor Babcock has also seen its shares soar by 95pc over the same period, while BAE Systems has climbed 52pc. By contrast, carmakers are struggling to adapt amid the switch from combustion engines to electric vehicles. Porsche AG has seen its shares fall by more than 30pc over the past year. (Source: Daily Telegraph)
14 Aug 25. Sentrycs, the premiere technology leader in cyber over RF solutions for counter-UAS (CUAS), announced it is on track to double its revenues in 2025. Sentrycs Executive Chairman Howard Berkowitz commented on the midyear results: ‘Sentrycs’ strong performance in the first half of the year means we are well on our way to another record-breaking year after tripling revenues in 2024. Since our first customer shipment less than three years ago, the company has reached predictable global sales across multiple applications and customer segments. Our global deployment across six continents is a testament to our market-disrupting technology, strategic focus, and the scalability of our offering. At the core of our success is our technology’s dominance in both price and performance. We are on a mission to continue to push the boundaries of technological performance at the lowest price points to ensure that reliable CUAS technologies are broadly accessible, including for end-users who have historically been priced out of the market.’ While the first half results are impressive, the company is now set to break records in its third quarter of the year, eclipsing prior markers set just months before. Its installed base has recently expanded to include several oil & gas facilities, airbases, trading ports, as well as major sporting events in the US and abroad. Sentrycs is also announcing the pre-release of a handheld Cyber over RF (CoRF) device in response to increasing demand for additional versatility and economical options from critical markets, like law enforcement agencies in the US and Europe. By offering full functionality within a miniaturized form factor this device will be a first of its kind. After completing initial testing, the company will offer a laptop-based capability that leverages the already compact, simple to install and operate (single pelican case) system sold today. The company expects initial pricing to be in the $25,000-$50,000 range for annual software licenses, a fraction of the price for products sold with similar capabilities.
In connection with the pre-release of the handheld device, Sentrycs Chief Technology Officer Tal Cohen said: ‘Delivering our solution in a miniaturized version is further evidence of Sentrycs’ disruptive price and performance leadership in the CUAS market. This new entry-level system is ultra-lightweight for a CoRF solution and provides the reliable and accurate safe-takeover capabilities that customers expect from a Sentrycs product. We are uniquely positioned to offer this solution at a truly unbeatable price point, and we expect that it will open new markets previously precluded by both cost and functionality.’
About Sentrycs
Sentrycs is a technology leader in counter-drone solutions, supported by innovative Protocol Manipulation, often referred to as Cyber over RF technology. Sentrycs’ simple, effective, and field-proven solutions are designed to passively detect, track, identify, and, where necessary, mitigate unauthorized drones. It is custom-built for various environments, including airports, borders, prisons, critical infrastructure, and mass events. Founded in 2017, Sentrycs has offices in Israel and the US, serving customers worldwide. By combining its innovative technology and its expertise in global drone environments, Sentrycs is leading the way toward a safer and more secure drone-driven future.
12 Aug 25. AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today it has acquired Aerostrat, a leading long-range maintenance planning software company, for a purchase price of $15m plus contingent consideration of up to $5m. The acquisition immediately expands the reach of AAR’s software offerings and the enterprise resource planning system (ERP) capabilities of AAR’s Trax subsidiary. Aerostrat is a well-established long-range aviation maintenance planning software provider used by airlines, MROs, and cargo companies to automate complex scheduling, ensure production capacity, and simplify aircraft allocation. Aerostrat’s flagship tool, Aerros, provides long-range heavy maintenance planning solutions to operators and MROs, regardless of the maintenance ERP system in use. Today, Aerros supports more than 5,000 aircraft.
“By bringing Aerostrat alongside Trax, we create opportunities for further integration and scope expansion.”
Aerros is also highly complementary to Trax’s ERP and line maintenance focused planning applications. Aerros will be available as part of the Trax suite of products and will also continue to be offered separately for use on all ERP platforms.
“This acquisition of Aerostrat marks an important step in AAR’s strategy to advance the next generation of maintenance products and services,” said Andrew Schmidt, Senior Vice President of AAR Digital Services and President of Trax. “By bringing Aerostrat alongside Trax, we create opportunities for further integration and scope expansion for existing Trax customers as well as Aerostrat customers. We are excited about this powerful pairing of solutions.”
“Since founding Aerostrat, we have always been a customer-centric company that prides itself on building reliable, quality solutions that exceed our customers’ needs,” said Elliot Margul, CEO of Aerostrat. “We are thrilled to be a part of AAR as they share and encourage these same values. Combining this with the opportunity to work side by side with Trax, a long-time industry leader, is a huge honor that will surely take both solutions and teams to new heights.”
For more information on AAR, visit aarcorp.com, and for more information on Trax, visit trax.aero.
About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at aarcorp.com.
About Trax
Trax is the premier provider of aviation maintenance mobile and cloud products in the global aviation market and a wholly-owned subsidiary of AAR CORP. Trax products support digital signatures, paperless working, including workpacks and manuals, RFID-capability for logistics, biometric security, offline capability for its suite of mobile apps, web-based applications, and the ability for users to work anywhere with easy access to real-time information. Through its eMRO and eMobility products, Trax provides comprehensive software solutions designed to manage all aspects of aircraft maintenance. Additional information can be found at trax.aero.
About Aerostrat
Founded in 2015 by software and aviation veterans, Seattle-based Aerostrat enables air carriers to create base maintenance planning schedules and simplify aircraft allocation. Aerros, the company’s powerful flagship tool, is trusted by leading air carriers to automate complex scheduling and ensure production capacity, all through an easy-to-use interface. For more information, visit aerostratsoftware.com. (Source: PR Newswire)
12 Aug 25. Leidos (NYSE: LDOS) recently achieved Trusted Secure Enclave (TSE) Vetted Partner status from Amazon Web Services (AWS). This premier designation is awarded to organizations that meet the highest standards for secure enclave design and deployment. At the core of this designation is the Leidos Secure Environment (LSE), a cloud-based, automated infrastructure and governance platform built on AWS TSE. LSE enables secure collaboration across multi-organization and international environments, allowing global teams to jointly conduct design, research, and development for sensitive workloads and data.
“Achieving AWS Vetted Partner status validates our leadership in building secure cloud architectures for the world’s most complex missions,” said Kevin Fogarty, senior vice president and chief technology officer for the Commercial and International Sector at Leidos. “Solutions like LSE provide an ideal foundation for AUKUS information sharing, which requires highly secure policy-driven collaboration that can be delivered at speed and scale.”
“As a TSE Vetted Partner, Leidos strengthens our global national security and defense ecosystem by providing trusted, innovative solutions leveraging the unmatched speed and efficiency of the AWS hyper-scale cloud,” said John Nicely, global national security and defense at AWS. “Our collaboration enables LSE’s rapid, secure infrastructure deployment — while maintaining the highest standards of verification and compliance — to help safeguard nations and allies when time is of the essence.”
As global missions grow more interconnected, the ability to securely share information across agencies and allied nations is essential. This achievement positions Leidos at the forefront of enabling trusted and cross-border collaboration and technology modernization efforts.
About AUKUS
AUKUS is a trilateral security partnership between Australia, the United Kingdom, and the United States. It focuses on promoting a free and open Indo-Pacific region through defense cooperation, including the sharing of advanced military technologies. AUKUS has two main pillars: Pillar 1 involves Australia acquiring nuclear-powered submarines, while Pillar 2 focuses on collaborating on advanced technologies like artificial intelligence, cyber, hypersonics and maritime autonomy. (Source: PR Newswire)
12 Aug 25. Rocket Lab buys GEOST, further expanding defense footprint.
“Proficiency with missile-warning sensors is one of the hottest capabilities to have today, and positions the company extremely well for Golden Dome work,” Caleb Henry, research director at Quilty Space, told Breaking Defense.
Rocket Lab today announced finalization of a $275 m deal to buy the holding company for sensor system startup Geost — giving it a potential toehold in the Pentagon’s mega-bn Golden Dome air and missile defense initiative.
“If there was an award for most timely acquisition of the year, Rocket Lab would win it for acquiring Geost. Proficiency with missile-warning sensors is one of the hottest capabilities to have today, and positions the company extremely well for Golden Dome work,” Caleb Henry, research director at Quilty Space, told Breaking Defense.
“Also, payload expertise is much harder to develop than the skillset for building a spacecraft bus. That’s why everyone and their mom has a bus on the market, but payload builders remain a specialist’s task. It made sense for Rocket Lab to acquire this skillset, as it would’ve been an uphill climb to develop internally, and time of the essence with Golden Dome,” he said.
Rocket Lab’s announcement also touted the buy, from Lightbridge Solutions, as aimed at the company’s pathway not just to Golden Dome, but to become a defense prime with the ability to provide everything from rocket and spacecraft components to ready-to-fly satellites to on-orbit services such as spacecraft operations management.
“With the closing of the transaction, Rocket Lab secures its status as a disruptive prime contractor for next-generation defense initiatives like the Golden Dome for America concept, and the Space Development Agency’s Proliferated Warfighter Space Architecture, adding Optical Systems to its portfolio of capabilities as a provider of complete, mission-ready spacecraft for U.S. national security programs,” the announcement asserted.
Following its founding in 2006, Rocket Lab has primarily been known as a commercial launch provider with its Electron small-launch rocket. The company’s Neutron medium-lift rocket is scheduled to make its debut launch from a new Launch Complex 3 in Wallops Island, Va., later this year — providing the basis for the Space Force’s March decision to add Rocket Lab to its pool of potential launchers of smaller, less critical payloads under the National Security Space Launch Lane 1 program.
However, in recent years the firm has been expanding its defense-related portfolio outside of launch through both internal growth and acquisitions. For example, it was tapped in April 2024 by the Space Force to develop, build and launch a satellite for the Victus Haze mission. Victus Haze was the second iteration of the Space Force’s Tactically Responsive Space-3 (TacRS-3) mission to launch a prototype satellite within 24 hours of a “go” order, but also is designed to quickly perform an up-close on-orbit inspection of a (simulated) threatening spacecraft.
“Rocket Lab is evolving into a mid-tier defense prime, part of a wave of space companies leaning heavy into defense and reshaping the U.S. industrial base in the process,” Henry said.
For Geost, founded in 2004, the acquisition offers the ability to scale up its production of electro-optical and infrared sensors, according to the press release.
“In combining with Rocket Lab, Geost will tap into the Company’s resources and manufacturing expertise to boost high-volume production, making EO/IR technologies available at scale,” the release said. (Source: Breaking Defense.com)
13 Aug 25. Kopin Corporation Reports Financial Results for the Second Quarter 2025.
- Created strategic partnership with Theon Sensors to gain significant and immediate access to Europe, Southeast Asia and NATO growth opportunities
- Introduced first phase of optical automation which is expected to increase throughput and quality and reduce costs
- Positive book to bill including new contract wins in helmet mounted display systems and MicroLED Display research orders
- AI-Enabled OLEDoS NeuralDisplay™ achieved prototype milestone with software and hardware improvements
- Inclusion in Russell 2000 and 3000 indexes on June 27th, 2025
- Recently Announced Erich Manz as new Chief Financial Officer, effective September 2nd
Kopin Corporation (“Kopin” or “the Company”) (Nasdaq: KOPN), a leading developer and provider of high-performance application-specific optical solutions consisting of high-resolution microdisplays, microdisplays subassemblies and related components for defense, enterprise, industrial, and consumer products, today reported financial results for the Second Quarter ended June 28, 2025.
“The recently announced Theon Sensors, S.A (Theon) investment in Kopin Europe and our global operations is a transformational event for Kopin,” said Michael Murray, CEO of Kopin. “Theon is a global market leading developer and manufacturer of customizable night vision, thermal imaging systems and Electro-Optical ISR systems. Kopin’s exposure to the European and Southeast Asian defense market has been minimal to date. European NATO nations have pledged to make over a trillion dollars of investments in defense. Our relationship with Theon provides Kopin with a tremendous market leading partner, a vertically integrated optical technology developer and provides immediate access into this rapidly growing market while greatly reducing the time to build our European and Southeast Asian presence and revenue. Kopin provides Theon with access to our advanced display technologies, our growing suite of application specific solutions and a trusted US defense integrator.”
Mr. Murray, continued, “Revenue in the second quarter of 2025 was lower than expectations due to order delays related to US government budget process delays and subsequent customer uncertainty. We are now experiencing improved order flow as we have now received several of the orders previously expected and believe further contracts will be issued over the next few months.
“Defense departments in the U.S., EU and Southeast Asia are increasing their budgets to combat security threats and advancing technologies. Our products and technologies are industry leading and with the addition of Theon along with our existing Tier one customers, Kopin is transforming into a global defense player,” Mr. Murray concluded.
Second Quarter Financial Results
Total revenues for the second quarter ended June 28, 2025, were $8.5m, compared to $12.3m for the second quarter ended June 28, 2024. Year-over-year product revenues decreased to $7.5m compared to $11.1m in the year ago period. The decrease was from a reduction in revenues from products used in thermal weapon sights, lower than expected orders for training and simulation and optical inspection modules that were partially offset by an increase in sales of our products used for public safety and medical devices. Second quarter 2025 funded research and development revenues decreased to $0.9m primarily due to decreases in funding for U.S. defense programs and budget delays.
Cost of Product Revenues for the second quarter of 2025 were $7.1m, or 94% of net product revenues, compared with $8.7 m, or 79% of net product revenues for the second quarter of 2024. The increase in cost of product revenue as a percentage of net product revenues for the three months ended June 28, 2025 as compared to the three months ended June 29, 2024 was due to a decrease in unit volumes which resulted in the under absorption of overhead costs.
Research and Development expenses (R&D) for the second quarter of 2025 were $1.9m compared to $1.8 m for the second quarter of 2024. Customer-funded R&D expense declined approximately $0.2m in the second quarter of 2025 as compared to the second quarter of 2024, while internal R&D increased $0.3 m year over year. Customer funded R&D declined due to the completion of certain programs and delays in receiving new programs due to the government budgeting process. Internal R&D increased primarily due to investments in production automation. Selling, General and Administration expenses (SG&A) were $4.9m for the second quarter of 2025, compared to $7.3m for the second quarter of 2024. The decrease for the three months ending June 28, 2025, as compared to the three months ending June 29, 2024, was primarily due to a decrease in legal fees partially offset by an increase in non-cash stock-based compensation.
Net Loss Attributed to Kopin Corporation for the second quarter of 2025 was ($5.2)m, or ($0.03) per share, compared with ($5.9)m, or ($0.05) per share, for the second quarter of 2024. All amounts above are estimates and readers should refer to our Form 10-Q for the quarter ended June 28, 2025, for final disposition as well as important risk factors. (Source: BUSINESS WIRE)
13 Aug 25. Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its second quarter ended June 29, 2025.
HIGHLIGHTS
- The Company’s second quarter revenue decreased compared to the prior-year quarter primarily due to the near-term impact of tariffs, which reduced demand from certain transportation-related customers and necessitated the conversion of certain shipments from our facility in Mexico to a value-add only sub-maquiladora.
- The Company’s gross profit decreased compared to the prior-year period due to the volume decrease described above, an unfavorable mix for both segments, and production inefficiencies resulting from material availability issues for Sypris Electronics.
- Orders for Sypris Electronics increased 110% to $47m, driving backlog up 26% from year-end 2024.
- Orders for our energy products increased slightly when compared to the prior-year quarter, while backlog rose 26% from year-end 2024.
- During the quarter, Sypris Electronics announced a follow-on award from a U.S. DoD prime contractor for a secure communications infrastructure program. Sypris will manufacture and test the embedded circuit card assemblies that will perform certain cryptographic functions for the Army Key Management System. Deliveries are expected to begin in 2026.
- Sypris Electronics also announced that it received releases for an additional four systems under a multi-year production contract that was first announced in 2022. The modules to be produced by Sypris will be integrated into an electronic warfare improvement program for the U.S. Navy. Deliveries are expected to begin in 2026.
- Sypris Technologies announced that it entered a long-term agreement to supply certain drivetrain components for a new electrified truck of a leading global commercial vehicle manufacturer. Deliveries are expected to begin in 2026.
- Subsequent to quarter end, Sypris Electronics announced that it had secured follow-on contract awards to manufacture and test electronic power supply modules for multiple high-reliability subsea communication networks, with production currently underway and expected to continue through 2026.
“The past few months have been insightful as we evaluate how tariffs might affect the economy and our customers, which may, in turn, affect our overall results,” commented Jeffrey T. Gill, President and Chief Executive Officer. “We are focused on operational excellence to drive the timely and efficient execution of the rapidly growing demand at Sypris Electronics. Customer funding has already been secured for a portion of the key programs, which enables us to procure inventory under multi-year purchase orders to mitigate future supply chain issues.
“A moderate decrease in production is anticipated this year from Sypris Technologies customers in the automotive, commercial vehicle, sport-utility and off-highway markets. However, we believe that the market diversification Sypris Technologies has accomplished over recent years by adding new programs in the automotive, sport-utility and off-highway markets will help offset some of the anticipated cyclical decline for the commercial vehicle market.
“Orders for our energy products remained steady during the period, with open quotes still outstanding on several large projects. Additional opportunities for growth may exist with new global projects in support of increasing LNG demand, including support for the projected steep increase in electricity demand from data centers to support AI. We are also actively pursuing applications for our products in adjacent markets including CO2 capture to further diversify our industry and customer portfolios.”
Second Quarter Results
The Company reported revenue of $31.4m for the second quarter of 2025, compared to $35.5 m for the prior-year comparable period. Additionally, the Company reported a net loss of $2.1m, or $0.09 per share, compared with breakeven net income for the prior-year period. For the six months ended June 29, 2025, the Company reported revenue of $60.9 m compared to $71.1m for the first half of 2024. The Company reported a net loss of $3.0m compared with a net loss of $2.2m for the prior-year period.
Sypris Technologies
Revenue for Sypris Technologies was $14.1m in the second quarter of 2025 compared to $17.8 m for the prior-year period, reflecting the anticipated cyclical decline in the commercial vehicle market in addition to volume declines related to tariff uncertainty. Furthermore, during 2025, Sypris Technologies began operating under a sub-maquiladora services agreement with one of its customers in Mexico under which the material is consigned to us by the customer instead of being included in the price. This resulted in a revenue decrease of $1.6m as compared to the prior-year comparable period. Gross profit for the second quarter of 2025 was $2.1m, or 15.2% of revenue, compared to $2.7 m, or 15.2% of revenue, for the same period in 2024. Gross profit for the second quarter of 2025 was negatively impacted by the decrease in volumes, partially offset by a $0.4m favorable impact from foreign currency exchange rates for our Mexican subsidiary.
Sypris Electronics
Revenue for Sypris Electronics was $17.3m in the second quarter of 2025 compared to $17.7m for the prior-year period as a result of changes in customer delivery schedules for the current year and delays resulting from material availability issues. Gross profit for the second quarter of 2025 was $0.4m, or 2.5% of revenue, compared to $2.9m, or 16.5% of revenue, for the same period in 2024. Some of the material availability issues have delayed certain customer deliveries, limited our ability to ramp up production in response to customer demand for certain products and have caused out-of-sequence manufacturing, which increases costs and decreases operational efficiency.
Outlook
Commenting on the future, Mr. Gill added, “With a strong backlog, new program wins and long-term contract extensions in place, we are confident that our future has the potential to be very positive despite the increased market uncertainty. We are closely monitoring customer demand and forward-looking signals and believe our long-standing track record of resilience will allow us to successfully navigate any headwinds. While we anticipate a modest decline in revenue due to the conversion of certain shipments from Mexico to the U.S. into a value-add only sub-maquiladora basis, and the cyclical decrease in production volumes in the commercial vehicle market, we expect the combined strength of our backlog for Sypris Electronics and robust orders for our energy products to serve as a partial offset.” (Source: BUSINESS WIRE)
11 Aug 25. NextVision Stabilized Systems Ltd. (TASE: NXSN), a technology growth company that develops, manufactures, and markets stabilized day and night imaging solutions for ground and aerial platforms—such as micro and mini UAVs and drones—with one of the best weight/size-to-performance ratios in the world, today reported its financial results for the second quarter of 2025, reflecting continued rapid and profitable growth, in line with company forecasts.
Chen Golan, Chairman and Founder of Next Vision: “We closed the second quarter of 2025 with a double-digit growth in both revenue and profitability, continuing to reflect strong demand for our products and the broad trust of our customers worldwide. Ongoing investment in innovation and the development of advanced solutions enables us to maintain a leading position in the market and deliver significant added value to our customers. Despite many challenges, the company succeeded during the ’12-day war’ with Iran in maintaining high operational continuity. During the operation, Israel’s airspace was closed for two weeks, causing delays and postponements in some customer deliveries. Once the operation ended and the airspace reopened, most of the products were released and shipped to our customers. The company continues to see high demand worldwide and is investing significant resources to meet the ambitious sales target set by the Company’s board—$160m income from sales in 2025. We continue to lead the market through innovation, reliability, and outstanding performance, while maintaining competitive pricing,” concluded Mr. Golan.
Financial Results Highlights
Revenues in the second quarter of 2025 totaled approximately $37m, an increase of about 32% compared to revenues of approximately $28m in the same quarter last year. In the first half of 2025, revenues totaled $73.2m, an increase of about 32% compared to revenues of $55.2m in the first half of last year.
The Company’s order backlog remained high, totaling $110.4m as of the report date. The number of active customers in the first half of the year grew to 154 compared to 137 active customers in the corresponding period last year.
The Company’s gross profit in the second quarter of 2025 totaled $26.6m (approximately 72% of total revenues), an increase of about 32% compared to a gross profit of $20.1m in the same quarter last year. In the first half of 2025, gross profit was $53m (approximately 72% of total revenues), an increase of about 35% compared to $39.3m in the first half of 2024.
The company’s operating profit in the second quarter of 2025 totaled $23m (approximately 62% of total revenues), an increase of about 27% compared to operating profit of $18.1 m in the same quarter last year. In the first half of 2025, operating profit totaled $45.2m, an increase of 33% compared to operating profit of $34m in the first half of 2024.
Net profit in the second quarter of 2025 grew to approximately $23.2m (approximately 63% of total revenues), an increase of about 46% compared to net profit of $15.9m in the same quarter last year. Net profit in the first half of the year was $43.8m, an increase of 44% compared to net profit of $30.4m in the first half of 2024.
Cash flow from operating activities – During the second quarter, the company generated approximately $5.5m from operating activities. In the quarter, the company used cash to make significant inventory purchases as part of its risk-reduction policy and commitment to rapid, continuous delivery of products to its customers, alongside continued expansion of its operations. In addition, the increase in accounts receivable due to delayed deliveries at the end of June, caused by the war with Iran also affected the cash flow.
Shareholders’ equity stood at approximately $153.5m as of the end of the second quarter of 2025, representing about 84% of the balance sheet total.
About NextVision Stabilized Systems Ltd.
Next Vision is a leading technology company in the stabilized camera market for ground and aerial platforms. It offers customers advanced imaging solutions based on a wide range of cameras, accessories, and AI capabilities for commercial, industrial, and security applications—providing a true one-stop shop. The company has developed a patented image stabilization engine, enabling the production of stabilized cameras with one of the best size/weight-to-performance ratios globally. This solution delivers stable imagery even in challenging conditions. Next Vision markets its products worldwide, with consistent growth in its customer base. (Source: PR Newswire)
12 Aug 25. CAE reports first quarter fiscal 2026 results.
CAE reports first quarter fiscal 2026 results
- Revenue of $1,098.6m vs. $1,072.5m in prior year
- Earnings per share (EPS) of $0.18 vs. $0.15 in prior year
- Adjusted EPS(1) of $0.21 vs. $0.21 in prior year
- Operating income of $133.8m vs. $108.6m in prior year
- Adjusted segment operating income(1) of $147.8m vs. $134.2m in prior year
- Adjusted order intake(1) of $1.1 bn and $19.5 bn adjusted backlog(1)
- Matthew Bromberg to succeed Marc Parent as CAE President and CEO on
(NYSE: CAE) (TSX: CAE) – CAE Inc. (CAE or the Company) today reported its financial results for the fiscal first quarter ended June 30, 2025.
“CAE delivered a solid first quarter, with double-digit income growth and margin expansion in Defense and continued momentum in Civil. We remain on track to capitalize on the significant opportunities ahead, supported by secular demand in civil aviation and the generational reinvestment underway in defence across NATO, including Canada’s plan to more than double its spending over the next decade,” said Calin Rovinescu, Chairman of CAE. “With a well-balanced portfolio across both civil aviation and defence, CAE is uniquely positioned to benefit from long-term structural tailwinds in both sectors. As we build on the foundation established under Marc Parent’s leadership, we are bringing a renewed focus to operational excellence, disciplined capital allocation, balance sheet strength, and translating earnings into free cash flow and higher returns on invested capital. I also want to congratulate Marc on the legacy he leaves at CAE and his lasting impact on the broader aerospace industry. At the same time, I am pleased to welcome Matt as he steps in to lead CAE’s next phase of value creation.”
CAE announced the appointment of Matthew (Matt) Bromberg to be Marc Parent’s successor as the Company’s next President and Chief Executive Officer and will take effect after the 2025 Annual and Special Meeting of Shareholders (AGM) on August 13, 2025. Mr. Bromberg is also a nominee for election to the Board. CAE also announced that following the AGM, Calin Rovinescu will become Executive Chairman of the Board and that Sophie Brochu will serve as Lead Independent Director, reflecting CAE’s commitment to strong, best-in-class governance.
“Our first quarter results reflect the dedication of our teams and the strength of our position, with solid Civil performance in a dynamic macro environment and strong execution in Defense, including significant year-over- year profitability improvement. Over the past two decades, I’ve had the privilege of helping transform CAE into the global leader it is today, and I’m incredibly proud of what we’ve accomplished,” said Marc Parent, CAE’s President and Chief Executive Officer. As I pass the torch, I do so with full confidence in the company’s direction and in the team’s ability to continue driving performance and delivering excellence for all stakeholders.”
“In the past few weeks of onboarding, I’ve seen first-hand the strength of CAE’s world-class team, its leading-edge technology, and the depth of its customer relationships,” said Matthew Bromberg, CAE’s incoming President and CEO. “This is a fantastic organization with tremendous potential to build on its past successes. As I step into the role, a key focus of mine will be on translating that potential into enhanced shareholder value through a pragmatic approach to improving efficiency, operationalizing opportunities, and driving greater operational excellence in our core businesses. I also want to thank Marc for his leadership and support throughout the transition. He leaves CAE exceptionally well-positioned for the future.”
Consolidated results
First quarter fiscal 2026 revenue was $1,098.6m, compared to $1,072.5m in the first quarter last year. First quarter EPS was $0.18 compared to $0.15 last year. Adjusted EPS in the first quarter was $0.21, stable compared to last year.
Operating income this quarter was $133.8m (12.2% of revenue(1)), which includes executive management transition costs of $14.0m. This compares to $108.6m (10.1% of revenue) last year, which included restructuring, integration and acquisition costs of $25.6m. First quarter adjusted segment operating income was $147.8m (13.5% of revenue(1)) compared to $134.2m (12.5% of revenue) last year. All financial information is in Canadian dollars unless otherwise indicated.
Summary of consolidated results
Civil Aviation (Civil)
First quarter Civil revenue was $607.7m vs. $587.6m in the first quarter last year. Operating income was $99.4m (16.4% of revenue) compared to $89.8m (15.3% of revenue) in the same quarter last year. Adjusted segment operating income was $107.6m (17.7% of revenue) compared to $106.4m (18.1% of revenue) in the first quarter last year. During the quarter, Civil delivered 8 full-flight simulators (FFSs) to customers and first quarter Civil training centre utilization was 71%.
During the quarter, Civil signed training solutions contracts valued at $511.4 m for a range of long-term commercial and business aviation training agreements, Flightscape airline operations digital solutions, and 5 FFS sales.
The Civil book-to-sales ratio(1) was 0.84 times for the quarter and 1.27 times for the last 12 months. The Civil adjusted backlog at the end of the quarter was $8.4 bn.
Summary of Civil Aviation results
Defense and Security (Defense)
First quarter Defense revenue was $490.9m vs. $484.9m in the first quarter last year. Operating income was $34.4m (7.0% of revenue) compared to $18.8m (3.9% of revenue) in the same quarter last year. Adjusted segment operating income was also $40.2m (8.2% of revenue), compared to $27.8m (5.7% of revenue) in the first quarter last year.
Defense booked orders for $611.4m this quarter for a book-to-sales ratio of 1.25 times. The ratio for the last 12 months was 2.08 times. The Defense adjusted backlog, including unfunded contract awards and CAE’s interest in joint ventures, at the end of the quarter was $11.1bn. Notably for the Defense segment overall, the pipeline continues to reflect a strong demand environment with some $6.0bn of bids and proposals pending.
Summary of Defense and Security results
Additional financial highlights
Net finance expense this quarter was $54.6m, down from $56.5m in the previous quarter and up from $49.5m in the first quarter last year. The year-over-year increase was mainly due to higher finance expense on lease liabilities in support of training network expansions and additional finance expense on borrowings to finance the SIMCOM transaction in the third quarter of last year. The increase was partially offset by lower finance expense on long-term debt due to a decreased level of borrowings during the period aligned with our ongoing deleveraging undertakings.
Income tax expense this quarter amounted to $19.0m, representing an effective tax rate of 24%, compared to 14% for the first quarter last year. The adjusted effective tax rate(1), which is the income tax rate used to determine adjusted net income and adjusted EPS, was 24% this quarter compared to 17% in the first quarter of last year. The increase in the adjusted effective tax rate was mainly attributable to the change in the mix of income from various jurisdictions.
Net cash used in operating activities was $15.3m for the quarter, compared to $12.9m in the first quarter last year. Free cash flow(1) was negative $36.2m for the quarter compared to negative $25.3m in the first quarter last year. The decrease was mainly due to a higher investment in non-cash working capital, partially offset by higher net income adjusted for non-cash items and higher dividends received from equity accounted investees.
Growth and maintenance capital expenditures(1) totaled $106.9m this quarter.
Net debt(1) at the end of the quarter was $3,236.1m for a net debt-to-adjusted EBITDA(1) of 2.75 times. This compares to net debt of $3,176.7m and a net debt-to-adjusted EBITDA of 2.77 times at the end of the preceding quarter.
Adjusted return on capital employed(1) was 7.0% this quarter compared to 7.2% last quarter and 5.7% in the first quarter last year.
During the quarter, no common shares were repurchased under our normal course issuer bid (NCIB), which began on June 10, 2025.
Sustainability
In the first quarter of fiscal 2026, CAE released its FY25 Global Annual Activity and Sustainability Report, underscoring how climate action, ethical governance, and social impact are embedded in its core business strategy to enhance resilience, competitiveness, and stakeholder value. Despite a 10% increase in business activity, CAE maintained stable carbon emissions—demonstrating the effectiveness of its science-based decarbonization strategy and operational efficiencies.
The shadow internal carbon pricing mechanism introduced in FY25 will now be progressively integrated into capital allocation decisions, while CAE’s award-winning supplier engagement program continues to drive emissions reductions and sustainable innovation across the value chain. Under the broadened mandate of the Chief People and Sustainability Officer, CAE is aligning its people strategy with sustainability objectives— reinforcing culture, talent attraction, and employee engagement. The Company also enhanced its environmental, social and governance disclosures in alignment with Global Reporting Initiative and Sustainability Accounting Standards Board frameworks, reaffirming its commitment to transparency and long-term stakeholder value.
During the quarter, CAE advanced its Reconciliation efforts by achieving Committed Phase 2 for Partnership Accreditation in Indigenous Relations (PAIR) from the Canadian Council for Indigenous Business (CCIB), reflecting its growing commitment to respectful and empowering relationships with Indigenous communities. In recognition of its broader sustainability leadership, CAE was honoured with two global sustainability awards, including being named one of the World’s Most Sustainable Companies of 2025 by TIME magazine.
For information on CAE’s sustainability roadmap and achievements, the report can be downloaded at https://www.cae.com/sustainability/.
Management outlook
Civil
CAE’s Civil business continues to benefit from strong and durable fundamentals in a secular growth market for aviation training solutions. A key driver of this resilience is the global regulatory requirement that pilots and crew maintain certification for each aircraft type in the active commercial and business jet fleet. Worldwide regulations consistently mandate recurrent training—typically every six months—for pilots to retain their certifications. This built-in regulatory cadence provides CAE’s Civil business with a stable and recurring demand base, making it inherently less cyclical. Additional growth is driven by the ongoing need to train new pilots due to fleet expansion and retirements, as well as transition training for existing pilots moving between aircraft platforms. Business aviation training, which represents approximately half of Civil’s profitability, continues to enjoy a stable demand environment, supported by flight activity that remains well above 2019 levels. At the same time, commercial aviation training continues to be impacted by persistent supply chain constraints. Aircraft Original Equipment Manufacturers (OEMs) are experiencing record backlogs in support of future growth and fleet renewal; however, new aircraft deliveries have been metered, and groundings of existing commercial aircraft have been significant. These temporary constraints continue to affect airline pilot hiring and related training activity. More recently, airlines have also adopted a more cautious approach to capacity planning amid macroeconomic uncertainty. Despite these near-term headwinds, demand is expected to strengthen over the long term as aircraft production and delivery rates improve, grounded aircraft return to service, and pilots continue to reach mandatory retirement age.
Reflecting short-term market dynamics and usual seasonality, CAE continues to anticipate a stronger second half for Civil in fiscal year 2026, supported by increased activity with airline customers in the U.S., stabilizing macroeconomic and geopolitical conditions, a gradual easing of aircraft supply chain constraints, and seasonally higher training demand. For the full year, Civil’s adjusted segment operating income (aSOI) is expected to grow in the mid-single-digit percentage range, which is at the lower end of the prior outlook. Annual aSOI margin is expected to remain stable. This outlook reflects the inherent resilience of Civil’s business model and incorporates a measured view of first-half performance.
Defense
Management believes CAE is exceptionally well-positioned for long-term growth and enhanced profitability in Defense, backed by an adjusted backlog exceeding $11.0bn and a prolonged up-cycle driven by rising defence budgets across NATO and allied nations—many of which are now targeting defence spending levels approaching 5% of GDP. In Canada in particular, the federal government recently announced that the country will achieve NATO’s 2% of GDP defence spending target in the current fiscal year, at least five years ahead of schedule, and is now committing to a new target of 5% by 2035. Escalating geopolitical tensions, focusing militaries on peer threats, modernization, and readiness, are fueling robust demand for CAE’s training and simulation solutions. A global shortage of uniformed personnel further amplifies this demand prompting armed forces to partner with CAE to sustain operational readiness.
With the Defense foundation now solidified, evidenced by significant margin improvement driven by last fiscal year’s high-cadence, high-quality execution, management expects low-double-digit percentage annual aSOI growth and an annual aSOI margin in the 8% to 8.5% range in fiscal 2026.
Free cash flow
CAE’s business is highly cash-generative and following a significant multiyear investment cycle, management anticipates strong free cash flow in fiscal 2026, driven by robust operating cash flows, lower investments including capital expenditures, and further optimization of non-cash working capital. This performance is expected to translate into a conversion rate of approximately 150% of adjusted net income attributable to the Company’s equity holders for this fiscal year—and beyond.
Finance expense and tax expense
Management expects quarterly run-rate finance expense of approximately $55 m on higher lease expense related to recently opened training centres in its global training network in support of growth and additional finance expense on borrowings to finance the SIMCOM transaction. The annual effective income tax rate is expected to be approximately 25%, considering the income expected from various jurisdictions and the implementation of global minimum tax policies.
Balanced capital allocation priorities, accretive growth investments
The Company expects total capital expenditures in fiscal 2026 to be modestly lower than fiscal 2025, which totaled $356.2m. Most of this relates to organic growth investments in simulator capacity to be deployed to CAE’s global network of aviation training centres and backed by multiyear customer contracts.
Solid financial position
A tenet of CAE’s capital management priorities includes the maintenance of a solid financial position, and it expects to continue to bolster its balance sheet through ongoing deleveraging, commensurate with its investment grade profile. Having met its fiscal 2025 leverage target, CAE now expects to reach a net debt-to-adjusted EBITDA ratio of two-and-a-half times (2.5x) by fiscal year-end.
Current returns to shareholders
A NCIB was established in fiscal 2025 as part of CAE’s capital management strategy and is intended to be used opportunistically over time with excess free cash flow.
Trade tariffs impact
CAE remains relatively well insulated from direct tariff impacts. Approximately 70% of the Company’s revenues come from services delivered within our customers’ own countries, which significantly limits exposure to cross- border trade tariffs—particularly for products sold into the U.S. Furthermore, CAE’s flagship product, the FFS, is exempt from tariffs under the United States-Mexico-Canada Agreement. With approximately one-third of CAE’s workforce based in the U.S., a substantial operational footprint, and a significant proportion of U.S.-sourced components in its bill of materials, CAE has the operational flexibility to effectively manage residual tariff-related risk. (Source: Google/https://www.morningstar.com/)
11 Aug 25. BigBear.ai Announces Second Quarter 2025 Results; Updates Financial Outlook.
- Sequential improvement to the balance sheet and record cash balance of $390.8m, as of June 30, 2025, positioning the Company to accelerate growth.
- Company now projects full-year 2025 revenue between $125m and $140m.
BigBear.ai Holdings, Inc. (NYSE: BBAI) (“BigBear.ai” or the “Company”), a leader in AI-powered decision intelligence solutions, today announced financial results for the second quarter of 2025 and issued an investor presentation that has been posted to the Investor Relations section of the Company’s website.
“Our robust balance sheet allows us to make significant transformational investments to shape the future of BigBear.ai. Our capital raising activities this quarter coincide with the tremendous opportunities we see coming from the One Big Beautiful Bill, particularly in the Department of Homeland Security, and several of which are uniquely aligned to our core capabilities. This legislation will bring a generational investment and provides over $170 bn in supplemental funding to the Department of Homeland Security, and $150 bn to the Department of Defense for disruptive defense technology. This is not incremental funding for innovation – this is a transformative level of investment. As a Mission Ready AI company with a national and border security focus, it’s directly in our lane,” said Kevin McAleenan, CEO of BigBear.ai.
“Beyond the opportunities that we’re pursuing in the U.S., this quarter, we signed a transformative partnership with leading companies in the UAE under the IHC umbrella focused on accelerating the development and adoption of AI across several domains and applications. This is just the beginning of our international expansion and demonstrates the need for BigBear.ai’s technology and solutions across the globe,” he continued.
“While we are very optimistic with these significant investments and growth opportunities, we have also seen disruptions in federal contracts from efficiency efforts this quarter, most notably in programs that support the U.S. Army, as they seek to consolidate and modernize their data architecture and in turn, we have adjusted our full-year guidance this quarter to reflect these disruptions,” he concluded.
“Our record cash balance will enable us to make significant investments, both organically and inorganically, in an order of magnitude that was not possible before,” said Sean Ricker, CFO of BigBear.ai.
Financial Highlights
- Revenue decreased 18% to $32.5 m for the second quarter of 2025, compared to $39.8 m for the second quarter of 2024 primarily due to lower volume on certain Army programs.
- Gross margin was 25.0% in the second quarter of 2025, compared to 27.8% in the second quarter of 2024.
- Net loss in the second quarter of 2025 was $228.6m, compared to a net loss of $14.4m for the second quarter of 2024. The increase in net loss was primarily driven by non-cash changes in derivative liabilities of $135.8m associated with changes in the fair value of the convertible features of the 2029 Notes and warrants, as well as a non-cash goodwill impairment charge of $70.6 m.
- Non-GAAP Adjusted EBITDA* of $(8.5) m for the second quarter of 2025 compared to $(3.7) m for the second quarter of 2024, primarily driven by decreased gross margin as well as an increase in research and development expenses.
- SG&A of $21.5m for the second quarter of 2025 compared to $23.4m for the second quarter of 2024. The year-over-year decrease was primarily driven by lower legal expenses ($1.7m), and lower bonus expense ($1.1m).
- Backlog of $380m as of June 30, 2025.
Financial Outlook
For the year-ended December 31, 2025, the Company now projects:
- Revenue between $125m and $140m
Due to uncertainty on certain Army programs as well as new anticipated growth investment spending in the second half of the year, at this time, the Company is withdrawing its previously provided Adjusted EBITDA guidance for the year-ended December 31, 2025. The Company expects to provide updated Adjusted EBITDA guidance at a later date. The above information on financial outlook, and other sections of this release contain forward-looking statements, which are based on the Company’s current expectations. Actual results may differ materially from those projected. It is the Company’s practice not to incorporate adjustments into its financial outlook for proposed acquisitions, divestitures, changes in law, or new accounting standards until such items have been consummated, enacted, or adopted, as the case may be. (Source: BUSINESS WIRE)
13 Aug 25. Elbit Systems Ltd. (“Elbit Systems” or the “Company”) (NASDAQ and TASE: ESLT), the international high technology defense company, reported today its consolidated results for the second quarter ended June 30, 2025.
Order backlog at $23.8bn; Revenues of $2.0bn; GAAP net income of $125.7m; Non-GAAP net income of $151.0m; GAAP net EPS of $2.69; Non-GAAP net EPS of $3.23
Management Comment: Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, commented: “Elbit Systems delivers strong financial results, with revenues growing 21% year over year and non-GAAP EPS up 55%, as well as strong free cash flow generation; leveraging strong domestic and global demand and presence. Elbit Systems continues its upward momentum, driven by sustained demand for its proven technologies and solutions. The Company’s long-term strategy and investments have positioned the Company for continued future growth. Elbit Systems’ robust presence in Europe, built through subsidiaries, production infrastructure, and strategic partnerships, has laid the groundwork for securing major contracts that strengthen customer relationships. Elbit Systems’ dedicated employees worldwide continue to be the driving force behind these milestones.”
11 Aug 25. Avibras gets new majority shareholder as it seeks financial recovery. The Avibras Astros II multiple rocket launcher in Brazilian Marine Corps service. If the latest restructuring effort is successful, Avibras could resume production of rockets for the system. (Victor Barreira) Brazilian munitions maker Avibras has a new majority shareholder after nearly two years of trying to find a path to financial recovery. Vita Investimentos is committed to managing the company in accordance with the guidelines of the judicial reorganisation plan approved by creditors at the general creditors’ meeting on 26 May, Avibras said in a statement on 6 August. Founded in 2016, Vita Investimentos is a financial consulting firm specialising in financial planning, investment consulting, and project evaluation. The company is owned by Fábio Guimarães Leite, who is also the current provisional director of Avibras, according to a statement by the Metalworkers Union of São José dos Campos and Region on 8 August. The shares were passed by former Avibras owner, João Brasil Carvalho Leite, to investment funds managing company Brasil Crédito on 25 June. Brasil Crédito, which is a creditor, passed the shares to Fábio Leite. Fábio Leite is now the majority shareholder of Avibras, with 99% of the shares, and will be responsible for leading the company’s restructuring. (Source: Janes)
11 Aug 25. Belgian spacetech startup EDGX has closed a €2.3m seed funding round to accelerate commercialisation of EDGX Sterna, the next generation edge AI computer for satellites. The startup has also closed a multi-unit deal with a satellite operator worth €1.1m and can already announce plans of an in-orbit demonstration on a SpaceX Falcon 9 mission in February 2026. The funding round was co-led by the imec.istart future fund and, with participation from the Flanders Future Tech Fund, managed by the Flemish investment company PMV. EDGX has also attracted further funding from existing investor imec.istart, Europe’s top-ranked university-affiliated accelerator. The EDGX Sterna Computer is a high-performance data processing unit (DPU) powered by NVIDIA technology. It provides the computational performance and AI acceleration needed to run complex algorithms directly in orbit. This capability eliminates the traditional bottleneck of sending massive raw datasets to Earth for processing, enabling satellite operators to deliver faster, more efficient, and data-driven services. EDGX’s Sterna computer is powered by its SpaceFeather software stack, built for autonomous, resilient, and upgradeable satellite operations. It includes a space-hardened Linux OS with full traceability, a dedicated supervisory system for autonomous health monitoring, radiation fault detection and recovery, and an in-orbit application framework for deploying new capabilities post-launch. Commenting on the news, Nick Destrycker, founder and CEO said: “Customers aren’t waiting for flight validation, they’re signing now. With a full launch manifest, secured commercial contracts, and our first mission set for Falcon 9, this funding enables us to scale to meet demand for real-time intelligence from space.” Kris Vandenberk, managing partner at imec.istart future fund said: “EDGX represents exactly the kind of transformative infrastructure play we look for. The space industry is hitting a fundamental bottleneck; we’re generating massive amounts of data in orbit but still using outdated ‘store and forward’ architectures. EDGX is solving this by bringing AI-powered edge computing directly into space, enabling satellites to analyse and act on data in real-time rather than waiting for ground processing.” (Source: PR Newswire)
11 Aug 25. Thyssenkrupp shareholders approve marine business spin-off. TKMS is planned to list on the Prime Standard segment of the Frankfurt Stock Exchange within this calendar year. Thyssenkrupp’s shareholders have given assent to the spin-off of the conglomerate’s marine business, TKMS, paving the way for it to become an independent entity in the maritime defence market with its own public listing. The decision was made during an extraordinary general meeting on 8 August 2025. The transaction will see 49% of new TKMS shares directly transferred to Thyssenkrupp shareholders, while Thyssenkrupp will maintain a 51% majority stake. This ownership structure is designed to ensure TKMS benefits from both autonomy and the support of a “strong anchor shareholder”. The decision to spin-off TKMS is a cornerstone in Thyssenkrupp’s strategic realignment from an industrial conglomerate to a more focused holding company.
Thyssenkrupp CEO Miguel López said: “With entrepreneurial independence, TKMS gains the freedom to drive innovation more rapidly, invest in a targeted manner, and respond flexibly to customer and market requirements. The agility and accountability of an independent company enable TKMS to take advantage of market opportunities more consistently and compete sustainably on an international level.”
Under the spin-off, shareholders of Thyssenkrupp are set to receive one share in the newly formed TKMS for every 20 shares they currently hold in Thyssenkrupp. The planned listing of TKMS on the Prime Standard segment of the Frankfurt Stock Exchange is expected to occur within this calendar year. Thyssenkrupp supervisory board chairman Dr Siegfried Russwurm said: “Becoming independent gives TKMS the entrepreneurial freedom it needs to further develop technological excellence and make a substantial contribution to national and alliance defence. At the same time, this strengthens the security policy capabilities of Germany and Europe.”
The new structure grants TKMS direct access to capital markets, enabling it to finance growth initiatives, foster technology development, and engage in partnerships or acquisitions autonomously. It also positions TKMS for potential consolidation within Europe’s defence industry, stated the company. TKMS’s workforce of approximately 8,300 employees are expected to benefit from enhanced stability and growth opportunities. The growing maritime defence industry’s demand for advanced system solutions is also anticipated to bolster job security in Germany. TKMS has an order backlog exceeding €18bn, including contracts for submarine projects and the construction of research vessel Polarstern II. In June 2025, TKMS signed a 10-year contract valued at more than €800m ($937m) for the modernisation of the German Navy’s six Type 212A submarines. (Source: naval-technology.com)
08 Aug 25. American Rheinmetall Expands Rubber Product. American Rheinmetall announced the expansion of its rubber product portfolio as part of the company’s continued growth in the U.S. industrial and defense sectors, following its recent acquisition of Loc Performance. The expanded offerings include custom rubber compounding capabilities, proprietary formulas, and a wide range of rubber-based components engineered to meet the most demanding performance requirements across agriculture, construction, defense, and industrial markets. This strategic growth positions American Rheinmetall as a vertically integrated supplier of high-performance rubber products from rubber compound mixing to finished goods, enabling tighter quality control, faster turnaround times, and a more streamlined customer experience.
“As part of the American Rheinmetall family, we bring together decades of experience in rubber compounding with world-class manufacturing infrastructure and a deep commitment to innovation,” said Tom Dawson, Account Executive for Compound Mix Products at American Rheinmetall’s St. Marys, OH facility. “We are excited to offer OEMs and end users a broader, more customizable range of rubber solutions than ever before.”
To showcase its expanded capabilities, American Rheinmetall will exhibit at the 2025 Global Polymer Summit, taking place September 8–11 at the Huntington Convention Center in Cleveland, OH. Attendees can visit Booth #1941 to explore the company’s innovative rubber compounding solutions and speak with Dawson and the team about partnership opportunities. With more than 75 years of experience in rubber compounding expertise and manufacturing, American Rheinmetall continues to serve as a trusted partner in delivering mission-ready and market-ready solutions that exceed industry standards for durability, performance, and precision.
08 Aug 25. Archer boosts defence capabilities with strategic acquisitions. Archer raised $850m in June 2025, bringing its pro forma liquidity to an estimated $2bn.Archer, a developer of electric vertical take-off and landing (eVTOL) aircraft, has made two acquisition to boost its capabilities and help advance the development of its next-generation defence aircraft. The company acquired a patent portfolio and key employees from Overair, a company that emerged from Karem Aircraft that develops and manufactures fixed-wing and rotary-wing aircraft. Archer also bought certain composite manufacturing assets and a roughly 60,000ft² production facility from Southern California-based defence composite maker Mission Critical Composites. (Source: airforce-technology.com)
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SPX CommTech, part of SPX Technologies Inc, innovates specialised technologies within the Radio Frequency (RF) spectrum to ensure a smarter, more secure future for all. Formed by TCI and ECS, SPX CommTech’s Battlespace portfolio enables defence and security teams to detect, defeat and exploit RF signals to enhance communications intelligence (COMINT) and counter unmanned aerial systems (Counter-UAS). Additionally, its Tactical Data Link portfolio allows intelligence gathering agencies, special forces, emergency response, and security teams to securely and reliably transfer video and data between enabled-aircraft and ground teams over long distances for airborne Intelligence, Surveillance, Reconnaissance (ISR). For more information visit www.tcibr.com and www.enterprisecontrol.co.uk
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