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06 Mar 26.  AFM Capital Partners Inc (“AFM Capital”), an operationally driven private investment firm focused on control investments in middle-market companies, today announced that it has acquired a majority ownership interest in Incodema3D Holdings, Inc. (“Incodema3D” or the “Company”), a leading contract manufacturer specializing in metal additive manufacturing for mission-critical applications across Defense, Aerospace, Space, Energy, and Industrial markets. In connection with the transaction, CEO Sean Whittaker and the senior leadership team retained significant equity ownership and will continue to lead the business in partnership with AFM Capital. Incodema3D will continue to operate under its existing name.

Headquartered near Ithaca, New York, Incodema3D is one of the largest independent metal additive manufacturing companies in North America. Founded in 2014, the Company has evolved from a prototyping-focused operation into a scaled production platform serving high-performance applications that require advanced engineering, tight tolerances, and complex geometries. Incodema3D operates a 60,000-square-foot advanced manufacturing facility housing one of the largest fleets of industrial metal 3D printers in North America, supported by integrated subtractive machining and robust quality assurance capabilities.

The Company’s capabilities are anchored by deep expertise in Direct Metal Laser Sintering (DMLS) technologies and hybrid manufacturing processes, enabling customers to transition seamlessly from design and prototyping to full-rate production. Incodema3D provides a comprehensive suite of vertically integrated services, including:

• Metal additive manufacturing (DMLS)
• Design for additive manufacturing (DfAM) engineering support
• Multi-axis CNC machining and finishing
• Post-processing and heat treatment coordination
• In-house inspection and quality assurance
• Full production program management

“We are excited to partner with AFM Capital,” said Sean Whittaker, Founder, President & CEO of Incodema3D. “AFM Capital brings operational expertise and strategic resources that will allow us to accelerate our growth, expand production capabilities, and continue investing in advanced additive technologies. Together, we are well positioned to meet the increasing demand for high-performance metal components across mission-critical Defense, Aerospace, Space, Energy, and Industrial markets. I would also like to express my appreciation to our early-stage investors for their support in helping establish our organization as a strong and trusted enterprise.”

“Incodema3D represents exactly the type of advanced industrial platform we seek to build at AFM Capital,” said Mark McTigue, President & Founding Partner of AFM Capital. “The Company has established itself as a trusted partner to leading customers by delivering highly engineered metal components at production scale. We look forward to working closely with Sean and the Incodema3D team to invest in capacity and large-format additive technologies, while expanding the Company’s manufacturing footprint to support long-term customer programs.”

Incodema3D has developed a strong reputation within the Defense and Aerospace ecosystems for its ability to produce complex, high-performance metal components that traditional manufacturing processes cannot efficiently replicate. Its integrated hybrid manufacturing model—combining additive manufacturing with precision machining—enables the Company to deliver production-ready parts with enhanced performance characteristics, part consolidation benefits, and reduced lead times.

Advisors

DLA Piper LLP (USA) provided legal counsel to AFM Capital. Debt financing was provided by JPMorgan Chase and Gladstone Capital Corporation. Cantor Fitzgerald & Co. served as the exclusive financial advisor to Incodema3D in connection with the transaction. Courtney Wellar Esq. and Bond Schoeneck & King, PLLC provided legal counsel to Incodema3D.

About Incodema3D

Founded in 2014 and headquartered near Ithaca, New York, Incodema3D is a leading provider of metal additive manufacturing and hybrid manufacturing solutions. The Company specializes in Direct Metal Laser Sintering (DMLS) technologies and precision CNC machining, serving customers across defense, aerospace, energy, space, and industrial markets. Incodema3D operates a 60,000-square-foot advanced manufacturing facility equipped with one of the largest fleets of industrial metal 3D printers in North America. Incodema3D holds AS9100D and ISO 9001:2015 certifications and is ITAR registered.

About AFM Capital

AFM Capital Partners Inc (“AFM Capital”) is an Indianapolis-based private investment firm focused on operationally driven, control-oriented investments in middle-market companies. AFM Capital partners with management teams to accelerate growth, enhance operational performance, and build enduring value through hands-on support, strategic alignment, and disciplined execution. Target sectors include Advanced Industrials, Consumer Goods, and Business Services. (Source: BUSINESS WIRE)

 

06 Mar 26. Palladyne AI Corp. (NASDAQ: PDYN and PDYNW) (“Palladyne AI”), a U.S.-based defense and industrial technology company delivering embodied AI-powered collaborative autonomy solutions, advanced avionics, precision-manufactured components, UAVs, and advanced aerospace engineering services, today announced financial results for the fourth quarter and full year ended December 31, 2025.

Ben Wolff, President and Chief Executive Officer of Palladyne AI, commented: “2025 was a year of operational validation that culminated in structural transformation. In November, we completed the acquisitions of GuideTech, Warnke Precision Machining and MKR Fabricators and launched Palladyne Defense. That repositioning expanded our capabilities beyond autonomy software to include advanced avionics, engineering services, proprietary airframe and missile development and certified U.S.-based manufacturing. We exited 2025 as a fundamentally different company, with expanded backlog, deeper defense engagement and an integrated autonomy-to-manufacturing stack aligned with evolving Department of War priorities.

“Over the past few months, we have moved decisively to execute across the defense and commercial parts of our business. We commercially released Palladyne IQ 2.0, integrating feedback from potential customers into its development, and recently signed our first customer for the product. We also introduced IntelliSwarm, integrating SwarmOS into the BRAIN X2 flight module, and demonstrated collaborative autonomy between our recently branded Gremlin-X™ (formerly Project Banshee) platform running IntelliSwarm and multiple Red Cat platforms operating with SwarmOS, validating distributed, multi-platform collaboration in real-world environments.

“We also established our presence in the space domain. Through our satellite-related development work with the Air Force Research Laboratory, we are extending SwarmOS capabilities to integrate communications with space-based systems. Separately, our engagement with Portal Space Systems advances propulsion design for next-generation space platforms and establishes a foundation for potential future collaboration surrounding collaborative autonomy.”

Recent Strategic and Operational Highlights

• Launched Palladyne Defense following the acquisitions of GuideTech, Warnke Precision Machining and MKR Fabricators, integrating autonomy software, advanced avionics engineering and design, components, proprietary UAVs and missile systems, and certified U.S.-based manufacturing;
• Commercially released Palladyne IQ 2.0 and signed an initial customer following customer-driven refinement throughout 2025;
• Hired Matt Muta as President of Commercial and Industrial to focus on capturing commercial opportunities;
• Branded Project Banshee (next-generation autonomous UAV mini-bomber platform currently under development) as Gremlin-X;
• Demonstrated collaborative autonomous swarming between the Gremlin-X platform utilizing IntelliSwarm, and multiple Red Cat platforms operating with SwarmOS;
• Expanded into the space domain through satellite-related development work with the Air Force Research Laboratory and propulsion design engagement with Portal Space Systems;
• Progressed development milestones across Gremlin-X and new BRAIN variants;
• Secured missile propulsion subsystem contract from a new defense prime customer; and
• Strengthened intellectual property portfolio through a new patent issuance supporting advanced swarming and decentralized autonomy architectures and filed four new patent applications related to Palladyne’s AI software products and technologies.

Fourth Quarter 2025 Financial Highlights (vs. fourth quarter 2024)

• Revenue increased 118% to $1.7m compared to $0.8m;
• Operating loss of ($9.3)m compared to ($6.5)m;
• GAAP net loss and basic and diluted loss per share (EPS) of ($1.5)m, and ($0.04), compared to ($53.0)m, and ($1.75);
• *Non-GAAP net loss and Non-GAAP EPS of ($6.9)m, and ($0.16), compared to ($5.2)m, and ($0.17);
• Cash, cash equivalents and marketable securities totaled $47.0m at December 31, 2025;
• Backlog as of December 31, 2025, was $13.5m.

Full Year 2025 Financial Highlights (vs. full year 2024)

• Revenue decreased 33% to $5.2m compared to $7.8m;
• Operating loss of ($32.4)m compared to ($26.9)m;
• GAAP net income and diluted EPS of $10.0 m, and $0.24, compared to a net loss of ($72.6) m, and ($2.71);
• *Non-GAAP net loss and Non-GAAP EPS of ($25.2) m, and ($0.60), compared to ($22.6) m, and ($0.84).

*see GAAP to Non-GAAP reconciliation at the end of this press release

2026 Outlook

The Company reiterates its previously announced full year 2026 revenue guidance of $24m to $27m, representing expected year-over-year growth of approximately 357% to 415% compared to 2025 revenue of $5.2 m. Supporting this guidance, Palladyne AI had a contracted 12-18 month backlog of nearly $18.0 m as of mid-February 2026, a more than 30% increase since December 31, 2025.

The guidance reflects revenue contributions from acquired entities, backlog conversion and monetization of development programs secured during and following the Company’s fourth quarter repositioning. Management believes recent contract wins and expanding program activity across air and space domains provide increased visibility into achieving these targets.

The Company continues to advance product maturation milestones and pursue early customer wins across Palladyne IQ 2.0, SwarmOS and BRAIN platforms while maintaining a disciplined focus on execution. (Source: BUSINESS WIRE)

 

05 Mar 26. Serco Group, the international provider of critical government services, announced final results for the 12 months to 31 December 2025. Key highlights from the statement include:

• Revenue: £4.9bn, up 3% at constant currency including 1% organic growth; good progress with contract wins and growth offsetting immigration reductions in UK and Australia
• Underlying operating profit: £272m, up 1% at constant currency; reported operating profit of £246m, up 89%
• Underlying earnings per share: increased 2% to 16.93p
• Underlying operating margin: 5.6%, in line with medium-term target of 5-6%
• Cash flow: strong free cash flow of £219m, ahead of guidance of ~£170m following strong collections. Trading cash conversion of 112% averaging over 100% for last 7 years
• Order intake: £5.5bn with book-to-bill of 114%. Around two thirds of awards in defence. Increased order book of £14.5bn, 9% higher than end of 2024
• Strong financial position: adjusted net debt £206m, leverage of 0.7x net debt to EBITDA including funding £245m acquisition of MT&S and £50m share buyback. Significantly below target range of 1-2x
• Shareholder returns: £50m share buyback completed in 2025, new £75m buyback announced today, to be completed by half year results bringing total buybacks since 2021 to £465m. The Board will review the capital position at half year. Recommended final dividend of 3.05 pence per share, 8% year-on-year

Serco made significant progress across its strategic priorities during 2025. This strengthened its position in attractive markets and reinforced the positive outlook for the Group.

Looking ahead, Serco has reiterated its guidance for 2026 with revenues expected to be c.£5bn, alongside improved organic growth of c.3% and an underlying operating profit of c.£300m, 10% higher than 2025. This will be driven by contract ramp ups, a full year contribution from MT&S and productivity improvements.

Anthony Kirby, Serco Group Chief Executive, commented: “In 2025, the Group demonstrated significant strategic and operational progress. Our strong performance, as a trusted and mission-critical partner to governments globally, reflects the hard work and dedication of my global team of over 50,000 colleagues, for which I am grateful. With a focus on sustainable growth, competitiveness and operational excellence we have delivered another year of good outcomes. Having significantly increased our order intake, two thirds of which is in defence, we have more than replenished our pipeline to another record level. Across our growth markets, we have reinforced our position with expanded capabilities that are well-aligned to customer priorities in Defence, Justice & Immigration and Citizen Services. We expect elevated geopolitical tension and policy complexity to remain a feature of the market in the near term, although the structural drivers of demand will continue to intensify. Pressures are increasing on governments to do more and better for less – we stand ready to support them in doing just that. We enter 2026 in a robust financial position, with a strengthened management team and a continued focus on operational discipline. We are well placed to deliver increased organic revenue growth and underlying operating profit, with good cash generation supporting our new share buyback”

 

05 Mar 26. HENSOLDT has signed an agreement to acquire Dutch optronics specialist NEDINSCO, strengthening its technological capabilities in a strategically relevant segment, securing critical supply chains and expanding its industrial presence in Europe. NEDINSCO, founded in 1921, with locations in Venlo and Eindhoven, employs around 140 people and develops and manufactures electro-optical sensor systems, including periscopes, driver vision systems and subsystems for optronic sensor units. The company has many years of expertise in the development of electro-optical sensor systems, as well as image processing and analysis. The transaction is a targeted strategic step towards scaling production capacities and expanding optronics capabilities in the areas of situational awareness, driver vision systems and sensor subsystems. The transaction is expected to close in mid-2026, subject to regulatory approvals and the works council consultation process of NEDINSCO. It will be financed entirely from existing funds. Upon completion of the transaction, NEDINSCO will become part of HENSOLDT’s Optronics segment. “The acquisition of NEDINSCO strengthens our sovereign technological capabilities in a strategically important area,” said HENSOLDT CEO Oliver Dörre. “The acquisition improves our ability to scale production, accelerate innovation and reliably supply our customers. It is a targeted strategic step towards further strengthening our position as a leading European provider of sensor solutions.” The acquisition is based on four clearly defined strategic drivers:

• Strengthening engineering and production capacities for major European defence programmes and creating industrial flexibility for future growth by including the new Dutch sites.
• Increasing technological autonomy through greater integration of critical technologies and complementing this with additional electronics expertise in a security-sensitive technology field.
• Accelerating innovation cycles through strong rapid prototyping capabilities, thereby significantly speeding up the development and industrialisation of new sensor solutions.
• Expanding industrial presence and market access in Europe, particularly in the Netherlands, in close cooperation with our European customers and partners. This acquisition marks a significant milestone for both organizations. HENSOLDT is consistently pursuing its strategy of expanding its own value creation depth, increasing industrial resilience and scaling production capacities in line with rising demand in the defence and security market. By combining complementary Page 2 of 2 strengths, the companies enhance the joint product portfolio, accelerate innovation and enhance customer value. Arno Bouwmeester, CEO of NEDINSCO stated: “This transaction secures our continued growth and represents a powerful step forward for both our company and our customers. By joining forces, Nedinsco gains scale, stability, enhanced support and global reach needed to accelerate innovation while continuing to deliver the precision, reliability, and close partnerships our customers value.” About HENSOLDT HENSOLDT is a leading company in the European defence industry with a global reach. Based in Taufkirchen near Munich, the company develops sensor solutions for defence and security applications. As a system integrator, HENSOLDT offers platform-independent, networked sensors. At the same time, the company is driving forward the development of defence electronics and optronics and investing in new solutions based on software-defined defence. In addition, the company is expanding its range of offers to include new service models and is extending its portfolio of system solutions. In 2024, HE

 

04 Mar 26. Dassault Aviation books rising operating profit in 2025, sees higher sales in 2026. France’s Dassault Aviation (AM.PA) said on Wednesday its ​operating profit rose to 635m euros ($737.4m) ‌in 2025 from 519m a year earlier, lifted by a 19% jump in net sales to 7.4 bn euros.

In a statement, the ​maker of Rafale warplanes and Falcon business jets predicted ​an increase in net sales to 8.5bn euros ⁠in 2026, and deliveries of 28 Rafale and 40 Falcon ​jets.

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Dassault had already reported that Rafale deliveries rose to 26 ​units in 2025 from 21 the year before, and Falcon deliveries to 37 from 31, though short of its target of 40. The planemaker ​received orders for 26 Rafale and 31 Falcon in 2025.

Shares ​in Dassault Aviation were up 1.7% in early Paris trading, outperforming the ‌broader ⁠STOXX 600 index, which was little changed. The stock has already gained 22% this year, extending a rally that delivered a 71% rise in 2025.

“The military, geopolitical, and budgetary contexts, coupled ​with tariffs, are ​creating uncertainty ⁠for business activity. At the same time, tax pressure is eroding the company’s competitiveness,” CEO ​Eric Trappier said in a statement.

Trappier flagged that ​uncertainty remains ⁠regarding the troubled Future Combat Air System (FCAS) fighter jet project.

The 100 bn euro initiative bringing together France, Germany and Spain is being ⁠threatened ​by a rivalry between Dassault Aviation ​and Airbus (AIR.PA) as disputes over the project’s leadership deepen. ($1 = 0.8612 euros) (Source: Reuters)

 

04 Mar 26.  Aerospace engineering firm PLD Space said on Wednesday it had closed a 180m euro ($209m) ​equity funding round, which included Mitsubishi Electric, as ‌it seeks to boost its capacity to launch rockets into space. It comes as U.S. President Donald Trump’s “America First” policies and ​the war in Ukraine have prompted Europe to ​ramp up its independent capabilities in a variety ⁠of areas, including defence and space operations. The Spanish company ​said the series C round – a mechanism often used ​by startups to expand into new markets, develop products or prepare for a stock market listing – supported its transition to commercial operations and ​the expansion of its industrial and launch capabilities. It ​added it had raised over 350m euros to date.

PLD Space, ‌which ⁠in 2023 launched Europe’s first fully private rocket, said it would provide Mitsubishi Electric with small satellite launch services using its Miura-5 rocket for Japan and across Asia.

The Miura-5 – ​named after ​a famous Spanish ⁠bull breed used in bullfights – was on track for its first test flight ​in 2026, with commercial activity expected to exceed ​30 ⁠launches per year by 2030, it added.

The firm said that the Spanish Centre for the Development of Technology and ⁠Innovation ​and COFIDES, a Spanish partly ​state-owned company providing financing for private investments, also took part in the ​round. ($1 = 0.8627 euros) (Source: Reuters)

 

04 Mar 26. Rheinmetall to gain majority stake in DOK-ING. The Düsseldorf-based technology group Rheinmetall is expanding its portfolio with an acquisition in the field of uncrewed systems. Rheinmetall has now signed a contract in Zagreb to buy a majority stake of Croatian uncrewed ground system solution provider DOK-ING. Rheinmetall is acquiring 51% of the company, which was founded in 1991, Vjekoslav Majetić, the founder and previous sole owner of the company, will retain the remaining shares (49%). Rheinmetall’s entry into DOK-ING is subject to approval by the relevant regulatory authorities. Both parties have agreed not to disclose the purchase price.

Following the completion of the transaction, DOK-ING will continue to operate from its headquarters in Zagreb, with the existing management team remaining in place to ensure strategic continuity and operational stability, an arrangement aligned with and endorsed by Rheinmetall.

In the presence of

Ivan Anušić, Croatia’s Deputy Prime Minister and Minister of Defence, the contract was signed today by Vjekoslav Majetić, founder of DOK-ING and the CEO of Rheinmetall’s Vehicle Systems Europe division, Dr Björn Bernhard.

Dr Björn Bernhard said, “The combination of Rheinmetall’s expertise in tactical vehicles and DOK-ING’s capabilities in uncrewed systems will create a strong market position for us with considerable potential for the future. At the same time, we are establishing a foothold in Croatia, being an EU and NATO member, and we will be gaining access to this highly interesting customer country”.

“Our competence centre for uncrewed and autonomous systems for military applications is now being established in Croatia. With this new set-up, it is our goal to obtain a strong market position in the segment of uncrewed combat support and armoured military engineering systems. We do see the potential for significant growth in this market and believe that we are entering the global market at the proper time with our new products. This is underlined by ongoing and planned procurement projects in many other countries”, as Dr Björn Bernhard continues.

DOK-ING has a strong market position in uncrewed solutions for mine clearance and operations in hazardous and high-risk environments in civil and military domain. Since its foundation, the company has delivered around 500 platforms to customers in over 40 countries. At present, DOK-ING’s mine clearance solutions are highly effective in Ukraine.

Already in October of 2024, the two companies agreed on a partnership, which initially focussed on jointly developing uncrewed ground systems for mobility, countermobility (mine clearing and laying) and combat support operations. A notable aspect of the partnership between Rheinmetall and DOK-ING is its entirely European origin and value creation.

These activities are based on DOK-ING’s newly developed Komodo, a modular heavy duty hybrid uncrewed platform, which has a payload capacity of over 8,5 tonnes. Rheinmetall is contributing with various capability modules and equipment kits, including those for direct and indirect fire, mine clearing and laying, autonomous capability and logistics.

Dr Björn Bernhard said: “DOK-ING and Rheinmetall are two leading European suppliers in their very special field, and by joining forces, we can realise challenging projects. Together, we are aiming at setting new standards and hence, pave the way for uncrewed ground systems (UGS) which are ready for mass production and deployment”.

Vjekoslav Majetić, founder of DOK-ING said: “This partnership with Rheinmetall marks the next phase in DOK-ING’s development. Over more than three decades, we have built strong technological capabilities and established a solid international presence in demanding markets. We have now reached a stage where further value creation and production scaling require a partner with substantial industrial capacity, system integration expertise and global market access“.

„DOK-ING’s development, engineering excellence and core competencies will remain in Croatia. By joining forces with Rheinmetall, we are creating the conditions to expand production capacity, accelerate the development of next-generation uncrewed specialised systems, and strengthen our long-term competitiveness“, Majetić added. „This strategic step positions DOK-ING for sustainable growth and reinforces Croatia’s role within the European defence and technology landscape.”

In the new constellation, DOK-ING and Rheinmetall plan to develop a variety of solutions for combat and combat support operations. This includes a project for an uncrewed armed support system (known as ‘Wingman’) to be used with battle tanks and infantry fighting vehicles for reconnaissance and fire support purposes. These systems will also be used alongside existing Rheinmetall products, such as the Panther KF51 Main Battle Tank, the Büffel/Buffalo recovery tank, and the Kodiak armoured engineer vehicle.

Rheinmetall AG is an integrated technology group, with its headquarters in Düsseldorf. Founded in 1889, it is a leading international systems house for the defence industry and operates within land, air, sea and space domains. A focus on sustainability is an integral part of Rheinmetall’s strategy. With around 44,000 employees at about 180 sites worldwide, the company has been listed on the DAX 40 since March 2023 and generated sales of €9.8 bn in the 2024 financial year.

DOK-ING is a technology-driven company specialising in the development and manufacture of advanced uncrewed systems designed for operations in hazardous and high-risk environments. Its core portfolio includes remotely operated and progressively autonomous platforms supporting humanitarian and military demining, military engineering operations, CBRN response, and the protection of critical infrastructure. The company’s solutions are based on modular and scalable architectures, enabling rapid mission-specific configuration for mine clearance, IED disposal, route clearance, firefighting, and other complex operational requirements. With a strong commitment to safety, reliability, and operational excellence, DOK-ING delivers field-proven systems that enhance force protection and reduce human exposure to risk, serving armed forces, civil protection authorities, and specialised security operators worldwide.

 

03 Mar 26. Honeywell (Nasdaq: HON) today announced the filing of its Form 10 registration statement (“Form 10”) with the U.S. Securities and Exchange Commission (“SEC”) for the planned spin-off of Honeywell Aerospace, which will trade on the Nasdaq under the ticker “HONA.” A copy of the Form 10 is available on the SEC website as well as Honeywell’s Investor Relations website.

“Today’s Form 10 filing reflects the strong progress we are making toward the launch of Honeywell Aerospace as an industry-leading, independent aerospace and defense company. With a highly accomplished, purpose-built leadership team and a unique combination of platform positions across commercial air transport, business aviation, and defense and space markets, we are confident Honeywell Aerospace is well-prepared to stand on its own,” said Vimal Kapur, Chairman and CEO of Honeywell. “As we continue to advance our portfolio transformation, we are sharpening both companies’ strategic focus, enhancing organizational agility, and aligning capital allocation to drive growth and create long-term shareholder value.”

“Honeywell Aerospace continues to build momentum as we approach our public debut in the third quarter,” said Jim Currier, President and CEO of Honeywell Aerospace. “As a premier provider of mission-critical systems leading towards greater electrification, autonomy, and safety, Honeywell Aerospace is well-positioned to capitalize on resilient travel demand, growing global defense budgets, and our record backlog. Our ‘develop once, deploy everywhere’ innovation strategy, supported by a scalable technology development platform and an ongoing commitment to operational excellence, enables us to power current and next-gen aerospace and defense platforms. With our leading margins, strong investment grade credit rating, and robust free cash flow generation, we are poised to unlock significant value for our customers, employees, and shareholders, underpinned by disciplined, focused capital allocation.”

Highlights from the Form 10

The Form 10 introduces Honeywell Aerospace, which will:

• Extend its leadership in attractive end markets with key platform positions across Commercial Air Transport, Business Aviation, and Defense and Space, generating net sales1 of $17.4bn, pro forma net income of $1.5bn, and pro forma Adjusted EBIT2,3 of $4.3bn in 2025;
• Execute an innovation-led growth strategy enhancing the efficiency, safety, and connectivity of customers’ active fleets, prioritizing new systems, RMUs (retrofits, modifications and upgrades) and breakthrough initiatives that increase content on current generation platforms, support next generation platforms, enable access to new markets, and increase aftermarket opportunities; and
• Deliver strong organic growth, profit and cash flow enabled by a highly differentiated operating system that creates a culture of continuous improvement, operational excellence, and disciplined execution, improving visibility and consistency across the supply chain.

Honeywell Aerospace will be organized into three operating segments.

• Electronic Solutions (ES), $6.8bn of 2025 net sales, provides integrated avionics, navigation and sensors, electromagnetic defense and high-performance space solutions.
• Engines & Power Systems (E&PS), $5.4bn of 2025 net sales1, supplies propulsion systems, auxiliary power units and electric power solutions.
• Control Systems (CS), $5.2bn of 2025 net sales, delivers mission-critical thermal management and motion control systems that enable flight, life support, and safety across all forms of aircraft. (Source: PR Newswire)

 

04 Mar 26. Mutable Tactics, a British robotics autonomy company, has closed a pre‑seed funding round of $2.1m led by Seraphim Space, with support from the UK’s National Security Strategic Investment Fund, Koro, Entrepreneurs First and Transpose. The funding will accelerate the development of AI software that allows unmanned systems, such as aerial, maritime, or ground drones, to operate and make decisions even when communications are lost or unreliable.

• Defence forces are deploying increasing numbers of unmanned systems across land, sea and air. While sensors and platforms have advanced rapidly, autonomous operating decision‑making has not scaled at the same pace. As a result, deployments often still rely on one operator controlling one system, which limits how many drones can be used effectively at any given time. In contested environments—where communications are degraded, denied or disrupted— systems that depend on constant human control quickly reach their limits.
• Mutable Tactics is addressing this challenge by enabling mixed fleets of drones to operate together as a coordinated team, rather than as individually piloted platforms. The company is building an AI‑powered decision layer that sits between the human operator and the robot. This software translates a commander’s high‑level intent and constraints into locally executable actions, allowing drones to adapt to changing conditions and coordinate with one another even when communications or GPS are unreliable.

 

02 Mar 26. German Navy system house to be established: Rheinmetall takes over NVL. Düsseldorf-based technology group Rheinmetall has completed the company take-over of NVL, the military part of the Lürssen Group. Following the announcement in September 2025 and the signing of the purchase contract in October 2025, Rheinmetall has now been given all antitrust approvals for the acquisition of Naval Vessels Lürssen (NVL B.V. & Co. KG, Bremen-Vegesack), including all its subsidiaries. The transition was concluded on 1 March 2026.

Both parties have agreed on keeping the purchasing price concealed.

With this significant strategic acquisition, Rheinmetall will be creating a German systems house for the development and manufacture of state-of-the-art navy and coastguard vessels, as well as maritime autonomous surface systems. Rheinmetall will thus be further expanding its portfolio within the maritime domain and is hence consolidating its position as a comprehensive supplier of defence technology in Germany and Europe.

Armin Papperger, CEO of Rheinmetall AG: “We are happy about the successful finalisation of the transaction”. Already at the announcement of the plans, he stated the following: “In future, Rheinmetall will be a relevant player on land, on water, in the air and in space and is thus developing into a cross-domain system house. In combining the expertise of Rheinmetall and NVL, we will be creating a powerful full-range supplier for state-of-the-art surface vessels. This will generate mutual growth and thus secure a strong position for our corporation’s position in the maritime sphere. At the same time, we are making a substantial contribution to empower the naval defence capabilities of Germany and its NATO allies”.

The current conflict situation reveals that military enforcement capabilities are also becoming increasingly important in the naval sector. Rheinmetall intends to meet the massive increase in demand from naval forces and rising procurement budgets with high-performance system solutions which feature a highly modern digital infrastructure and cover the entire spectrum – from platforms and electronics to sensors and effectors.

 

02 Mar 26. NUBURU, Inc. (NYSE American: BURU), a dual-use Defense & Security platform company focused on non-kinetic effects, directed-energy technologies, and software-orchestrated defense systems, today announced the execution, through its fully owned subsidiary Nuburu Defense LLC (“Nuburu Defense”) of a binding Contractual Joint Venture Agreement (the “Agreement”) with Maddox Defense Incorporated (“Maddox Defense”) to develop and commercialize a modular, containerized, mobile additive manufacturing system designed to produce drone components, mission-critical structural parts, pods, and related defense systems (the “Program” or the “Product”).

The Program, which follows the Strategic Framework Agreement signed in Q4 2025, establishes a transatlantic industrial framework integrating U.S.-based development with European commercialization pathways supported by Tekne S.p.A. (“Tekne”), strengthening NUBURU’s broader Defense & Security platform architecture.

Advancing Distributed Defense Manufacturing

The Product under development is engineered as a fully containerized, transportable additive manufacturing unit capable of:

• On-demand fabrication of drone and unmanned system components.
• Production of structural and mission-critical defense parts.
• Rapid deployment to operational environments.
• Reduced reliance on centralized supply chains.
• Scalable distributed manufacturing resilience.

As modern defense strategies increasingly prioritize speed, adaptability, and logistics independence, mobile production capability is emerging as a strategic enabler across U.S., European, and NATO-aligned procurement ecosystems.

Structured Commercial Framework and Strategic Oversight

The Agreement establishes a binding Phase I development joint venture and provides that, upon certification of Phase I Completion, the parties shall incorporate a dedicated commercialization entity, structured with majority ownership and strategic oversight by Nuburu Defense.

The Program includes a defined capital recovery and profit allocation structure designed to prioritize disciplined deployment of resources during early commercialization phases, reinforcing a measured and structured growth strategy.

The Product will enable prime contractor flexibility across U.S. and European/NATO procurement channels, with Maddox Defense supporting U.S. engagement and NUBURU and Tekne positioned to support EU and NATO-aligned execution pathways where appropriate.

Strategic Market Context

Global defense modernization efforts continue to accelerate amid evolving geopolitical dynamics. Military drone deployments, unmanned systems integration, and distributed manufacturing initiatives represent expanding segments within a multi-bn-dollar global defense market.

Distributed additive manufacturing platforms are increasingly viewed as a complementary infrastructure layer supporting rapid system deployment, sustainment, and operational continuity in complex security environments.

Through this joint initiative, NUBURU and Maddox Defense are positioning the platform to participate in this structural evolution of defense manufacturing architecture.

Executive Commentary

Alessandro Zamboni, Executive Chairman and Co-Chief Executive Officer of NUBURU, stated:

“This joint venture represents a deliberate expansion of NUBURU’s Defense & Security platform into deployable industrial capability. As global security dynamics evolve, distributed manufacturing resilience and unmanned systems support are becoming increasingly essential components of modern defense architectures. By partnering with Maddox Defense and aligning with Tekne’s European capabilities, we are establishing a structured, transatlantic framework designed to support long-term defense modernization initiatives.”

Dario Barisoni, Co-Chief Executive Officer of NUBURU and CEO of Nuburu Defense, added:

“This initiative reflects a structured approach to building deployable industrial capability within our Defense platform. Phase I focuses on disciplined development, validation, and technical certification of the mobile additive system. Our objective is to create a scalable manufacturing architecture that can support unmanned systems programs while maintaining strict compliance with export-control and regulatory frameworks across U.S. and allied markets.”

Jason Maddox, Chief Executive Officer of Maddox Defense, stated:

“The future of defense manufacturing requires adaptable, scalable production capabilities that can support unmanned systems and mission-critical component deployment across multiple operational environments. Our collaboration with NUBURU combines industrial expertise with strategic platform integration, creating a durable foundation for next-generation defense manufacturing applications.” (Source: BUSINESS WIRE)

 

02 Mar 26. BigBear.ai Announces Fourth Quarter 2025 Results; Releases 2026 Financial Outlook.

• Closed 2025 with strongest financial position in Company history
• Total cash and investments of $462m as of December 31, 2025
• Settled the remaining $125m of 2029 Convertible notes, primarily through the Company’s exercise of debt-to-equity conversion features in January 2026.
• Closed acquisitions of Ask Sage (December 2025), and CargoSeer (January 2026), and expanded into the Middle East, which positions the Company for solid growth in 2026
• The Company projects full-year 2026 revenue between $135m and $165m, representing approximately 17% growth at the midpoint compared to full-year 2025 revenue of $128m

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 fourth quarter of 2025 and issued an investor presentation that has been posted to the Investor Relations section of the Company’s website.

“At the start of 2025, we set out to transform our financial foundations to establish a base from which to accelerate in 2026. We have delivered exactly that. As of year-end 2025, BigBear.ai is in the strongest financial position in the company’s history. I am tremendously grateful to our team for the work they have done. We have reduced our debt by more than 90%, established a powerful cash position that gives us the freedom to invest in catalytic technologies, expanded internationally, and acquired two highly specialized technology companies which play directly into our two core markets in national security and travel & trade,” said Kevin McAleenan, CEO of BigBear.ai.

“The U.S. Government’s AI Acceleration Strategy plays directly to our strengths. Unlike many AI and technology companies, we deeply understand the reality operators face. Our national security customers and global partners need the ability to apply emerging tech securely, more rapidly and with greater flexibility than ever before to address emerging threats and challenges. And that’s what we intend to keep doing for them.”

“There were many significant milestones in 2025: we raised $693 m of proceeds from our ATM facilities and warrants; and closed the purchase of Ask Sage, the largest acquisition in BigBear’s history. Further, we have already started 2026 by settling our 2029 Notes, which amounted to $182 m in the beginning of 2025, and also closing on the acquisition of CargoSeer,” said Sean Ricker, CFO of BigBear.ai.

Financial Highlights

• Revenue decreased 38% to $27.3m for the fourth quarter of 2025, compared to $43.8 m for the fourth quarter of 2024 primarily due to lower volume on Army programs.
• Gross margin was 20.3% in the fourth quarter of 2025, compared to 37.4% in the fourth quarter of 2024, due to significant one-time high margin contracts in the fourth quarter of 2024, which did not recur in the fourth quarter of 2025.
• Net loss in the fourth quarter of 2025 was $5.8m, compared to a net loss of $138.2 m for the fourth quarter of 2024. The decrease in net loss was primarily driven by non-cash gain of $50.2m related to derivative liabilities associated with changes in the fair value of the convertible features of the 2029 and 2026 Notes and warrants for the fourth quarter of 2025 compared to a non-cash loss of $93.3m for the fourth quarter of 2024. Further there was a non-cash loss on extinguishment of debt in fourth quarter of 2024 of $31.3m. Additionally, the Company realized an income tax benefit of $21.7m related to a change in tax valuation allowances resulting from the Ask Sage acquisition. This was partially offset by impairment of long-lived assets of $53.4m during the fourth quarter of 2025.
• Non-GAAP Adjusted EBITDA* of $(10.3) m for the fourth quarter of 2025 compared to $2.0m for the fourth quarter of 2024, primarily driven by a decrease in gross margin as well as an increase in research and development, and SG&A expenses. (Source: BUSINESS WIRE)

 

02 Mar 26. Defense: Middle East Escalation: Implications for U.S. Defense Sector.

Operation Epic Fury demonstrates the central role played by Defense Primes to U.S. defense strategy. We see a continuing favorable background for U.S. Defense Budget growth, supporting our Attractive view of the Defense sector.

Operation Epic Fury Highlights Complex U.S. Defense Mission Needs

The ongoing joint U.S.-Israeli action launched over the weekend (“Operation Epic Fury”) underscores the technological complexity of modern military action and the motivation for accelerating U.S. defense spending in a world of increasing geopolitical instability. Per U.S. Central Command (CENTCOM), 1,000+ targets were struck in the first 24 hours of the operation, leveraging a highly diversified set of U.S. air, sea, and missile systems (including B2 bombers, various fighter jets, aircraft carriers, various missile systems, remotely piloted aircraft, and cargo aircraft, among other systems), showcasing the crucial nature of the capabilities offered by the Defense Primes and their suppliers. While uncertainty persists regarding the likely duration of the operation, regardless of ultimate longevity we expect this mission to provide further impetus for the pre-existing push for rapid U.S. defense spending growth, reinforcing our Attractive view of the Defense sector. We also see some potential for (likely limited) impact to the Aerospace sector due to higher oil prices, air traffic disruptions, and potential supply chain instability, but maintain our Attractive view.

Continuing Momentum for Military Spending

The developments in the Middle East take place against a backdrop of existing momentum for U.S. Defense budget growth, as President Trump, with support of key Congressional figures, has advocated for a $1.5tn Defense budget in FY2027, up 50% from the prior year. We also see defense spending increasing ahead of FY2027, with the Department of War (DoW)’s spending plan delivered to Congress last week including plans to obligate the full ~$152bn provided for defense spending under the reconciliation bill in FY26, above prior spending expectations of ~$113bn (see DoW Reconciliation Spending Plan and NOC B-21 Production Ramp-Up Underscore Defense Growth Acceleration). This push exists amid concerns over the return of great power competition and deterioration of U.S. defense budget spending supremacy on a relative basis as Russia, China, and Iran combined now spend more than the U.S. on a purchasing power parity-adjusted basis (see Is a $1.5tn Defense Budget Enough). Operation Epic Fury will only reinforce the Pentagon, White House, and Capitol Hill’s motivation for increased defense spending, in our view.

At a ~20% Discount to S&P 500, Upside to Defense Primes Exists

In our view, this weekend’s actions highlight the centrally vital nature of the Primes’ offerings to any U.S. military operation, particularly those of this level of complexity. We see Operation Epic Fury as particularly emphasizing the need for robust air and missile defense systems, and note that the DoW has been focused on incentivizing production expansion for the Primes in this area (such as agreements between the DoW and Lockheed Martin to increase THAAD and Pac-3 missile production and a framework between the DoW and RTX to expand production of various missiles and interceptors). We expect more of these types of agreements as U.S. defense spending grows. Given these tailwinds, with the Defense Primes trading at a ~20% discount to the S&P 500 on an NTM P / FCF basis, we see upside to current trading levels. Our preferred Defense primes are OW-rated General Dynamics (GD), OW-rated RTX (RTX), and OW-rated Northrop Grumman (NOC). We also see upside to EW-rated Boeing (BA) and EW-rated Lockheed Martin (LMT). Given significant Israeli involvement in the current operation, we also think this news mitigates concerns about potential medium-term declines in Israeli government defense spending, benefiting EW-rated Elbit Systems (ESLT).

Aerospace – Sustained Oil Price Elevation Could Drive OE Demand

West Texas Intermediate (WTI) Crude pricing has risen to ~$71 / barrel on the news, up ~6% above Friday’s close amid concerns around transport disruptions in the Strait of Hormuz (see The Oil Manual: Iran Scenarios – Updated). While oil prices have recently been at lower levels, should oil see sustained elevated pricing, fuel costs could potentially incentivize airlines to invest in new, more fuel-efficient aircraft, providing a tailwind for OE aircraft manufacturers and suppliers. However, we recognize that the slightly higher oil price is still significantly below the 2008 peak of $147 per barrel. This is more of a watch item than a significant issue.

Aerospace – Some Risk of Potential Supply Chain Disruption

Aerospace OEs and suppliers rely on a complex and global supply chain. Should action in the Middle East disrupt transport (particularly with respect to sea lanes in the Strait of Hormuz and Suez Canal), this could slow production for Aerospace companies. However, we note COVID and post-COVID supply chain disruptions have forced Aerospace companies to shift procurement strategies to increase supply chain resiliency and flexibility, which could mitigate any potential impacts.

Aerospace – Potential Disruptions to Air Traffic

Air space closures in the Middle East since the initiation of U.S.-Israeli operations have led to a significant volume of flight disruption and cancellations. Prolonged instability or further escalation would likely lead to sustained disruption and dampen demand for air travel to the region. According to Cirium, 6% of the world’s in-service fleet of passenger (western-built) aircraft are currently with Middle East operators, although this does not capture non-Gba.ulf airlines flying to and via the region, meaning the underlying exposure is likely much higher. Should these routes take a heavy hit, this could lead to some limited impact to commercial aerospace aftermarket suppliers due to lessened burden on existing aircraft. We do not anticipate significant change to revenue outlook for aftermarket providers due to pricing power and considering that there continues to be more demand than supply.

 

03 Mar 26. Enradius, a leader in location-based marketing and geo-targeted digital advertising, today announced the launch of Local Ad Networks, a new programmatic advertising platform designed to connect businesses with audiences through trusted local media using advanced geographic and audience targeting.

Local Ad Networks – A programmatic advertising platform and local advertising network using geotargeting and location-based marketing to connect businesses with local media and targeted audiences

Local Ad Networks is a local advertising platform that enables businesses, agencies, and organizations to execute targeted digital campaigns across a curated network of local publishers, mobile apps, and digital media properties. The platform focuses on delivering highly relevant ads to real audiences within specific geographic areas, helping brands engage communities at the local level.

“Local businesses don’t need more impressions — they need the right impressions in the right places,” said David Carberry, founder of Enradius. “Local Ad Networks is built to bring location-based marketing back to the community level, where it has the greatest impact.”

The platform provides advertisers with a range of capabilities, including:

• Location-based targeting and geofencing to reach audiences by neighborhood, city, or region
• Programmatic advertising access across a network of local media and digital inventory
• Privacy-first, cookieless audience segmentation aligned with evolving data regulations
• Retargeting and audience extension across our Local Ad Network ecosystem
• Self-service campaign management with optional expert support

Unlike traditional programmatic platforms that prioritize national scale, Local Ad Networks is designed to prioritize local relevance, geographic precision, and community engagement. Advertisers can combine location-based targeting with audience cohorts to deliver more meaningful and effective campaigns without relying on third-party cookies.

As the digital advertising landscape continues to shift toward privacy-first strategies, businesses are seeking alternatives to large platforms that lack local precision. Local Ad Networks leverages real-world location data, contextual signals, and cohort-based targeting to provide a future-ready solution for local and regional advertising.

The platform is launching with a growing footprint of state-based networks, including the Virginia Ad Network, Maryland Ad Network, Florida Ad Network, New York Ad Network, Texas Ad Network, and California Ad Network, with additional markets planned nationwide. The inclusion of major markets such as New York reflects the platform’s focus on both national media centers and regional communities. Each network is designed to support local businesses, tourism organizations, and regional media partners, creating a scalable model for community-focused advertising across the country.

Enradius has been working with chambers of commerce, tourism organizations, and regional businesses to pilot the platform, including campaigns designed to drive event attendance, tourism, and in-market consumer engagement through mobile and omnichannel advertising strategies.

“Programmatic advertising has largely focused on national scale, leaving an opportunity to better connect advertisers with local media and community audiences,” said David Carberry, founder of Enradius. “Our goal is to build a model that supports local publishers while giving advertisers more precise ways to reach audiences at the community level.”

Local Ad Networks is now available to advertisers across select markets, with expansion planned throughout 2026.

(Source: PR Newswire)

 

03 Mar 26. Thales profits boosted by defence business, avionics. French aerospace and technology firm Thales on Tuesday reported a ​slightly higher-than-expected annual core profit led ‌by its main defence business and demand for avionics and space activities, and predicted ​higher profit margins for this year.

Europe’s ​largest defence technology group said its ⁠2025 adjusted operating earnings climbed 14% ​on a like-for-like basis to 2.74 bn ​euros ($3.20 bn), as sales rose 8.8% to 22.14 bn euros and the fresh order intake ​edged up 1% to 25.26bn ​euros.

Analysts were on average expecting adjusted operating income ‌of ⁠2.7bn euros on revenue of 21.88 bn euros and an order intake of 25.21bn euros, according to ​a company-compiled ​consensus.

For 2026, ⁠the maker of military and civil radars and digital ​systems predicted an operating profit margin ​of ⁠12.6% to 12.8%, up from 12.4% last year, and underlying growth in revenues ⁠of ​6% to 7%, with ​new orders continuing to outstrip sales. ($1 = 0.8562 euros) (Source: Reuters)

 

03 Mar 26. Mutable Tactics, a British robotics autonomy company, has closed a pre‑seed funding round of $2.1m led by Seraphim Space, with support from the UK’s National Security Strategic Investment Fund, Koro, Entrepreneurs First and Transpose. The funding will accelerate development of AI software that allows unmanned systems, such as aerial, maritime, or ground drones, to operate and make decisions even when communications are lost or unreliable.

• Defence forces are deploying increasing numbers of unmanned systems across land, sea and air. While sensors and platforms have advanced rapidly, autonomous operating decision‑making has not scaled at the same pace. As a result, deployments often still rely on one operator controlling one system, which limits how many drones can be used effectively at any given time. In contested environments—where communications are degraded, denied or disrupted— systems that depend on constant human control quickly reach their limits.
• Mutable Tactics is addressing this challenge by enabling mixed fleets of drones to operate together as a coordinated team, rather than as individually piloted platforms. The company is building an AI‑powered decision layer that sits between the human operator and the robot. This software translates a commander’s high‑level intent and constraints into locally executable actions, allowing drones to adapt to changing conditions and coordinate with one another even when communications or GPS are unreliable.

 

26 Feb 26. Woven Solutions, a leading provider of AI-enabled mission software for the National Security community, today announced its acquisition of Valence. Bridging the gap between cutting-edge commercial capabilities and the highest-priority national security requirements, Valence will accelerate Woven’s ability to deliver commercial technology solutions to its Intelligence Community customers through holistic mission enabling capabilities. Coming after the recently announced acquisitions of Cystemic Security and Apira Technologies, this marks Woven’s third acquisition after taking a strategic investment from Falfurrias Management Partners in August of 2025.

Founded on the belief that the future of national security depends on uniting commercial innovation with U.S. Government mission requirements, Valence is a strategy and capabilities firm that has built a reputation for delivering high-impact solutions in mission planning, operational technology integration, and strategic communications. Valence delivers its solutions through proprietary frameworks such as Valence Playbook, which leverages commercial best practices to deliver precise and effective national security campaigns, and Valence Fusion, which enables the secure and responsible integration of AI capabilities into mission environments to accelerate operations.

The acquisition of Valence further strengthens Woven’s ability to support the complex and evolving needs of government and defense customers by combining Woven’s mission AI software with Valence’s expertise in delivering unique commercial capabilities into the Intelligence Community. Valence also expands Woven’s customer base and brings new sole-source prime contract access.

“From the beginning, Valence has focused on helping mission organizations harness commercial technology and partnerships in practical, operationally meaningful ways,” said Kyle Waters, Co-Founder of Valence. “Joining Woven Solutions allows us to pair our mission expertise with world-class software engineering and cloud capabilities, accelerating the delivery of secure, scalable solutions to the customers who need them most. Together, we can help our customers achieve strategic effects faster and with greater impact.”

“Woven’s depth in software development and AI-enabled systems makes this an exceptional fit for our clients and our team,” added Pat Schlecker, Co-Founder of Valence. “By integrating Valence’s mission planning experience with Woven’s technical excellence, we’re creating a unified platform that strengthens operational effectiveness and ensures that advanced technology directly supports real-world mission outcomes. This partnership positions our team to scale to meet the evolving demands of the national security mission in the years ahead.”

Lamkin Road and Greenberg Traurig served as Valence’s financial and legal advisors, respectively. Holland and Knight served as legal advisors to Woven.

About Woven

Woven Solutions is a Reston, Virginia-based engineering firm specializing in cloud-native software development, DevOps, cybersecurity, and data solutions for national security customers. Known for its technical excellence and people-first culture, Woven brings together top engineering talent to deliver scalable, secure, and mission-critical systems. The company’s integrated approach—combining deep domain knowledge with agile delivery—has made it a trusted partner to government and enterprise clients seeking clarity, speed, and innovation. For more information, visit www.wovensolutions.io.

About Falfurrias

Falfurrias Capital Partners is an operationally focused middle-market private equity fund focused on investing in high-growth companies in the government and business services, food manufacturing, and industrial technology sectors. The team is comprised of investors and proven operators, as well as in-house resources across strategy & market insights, finance & integration, human capital, and technology. The fund is managed by Falfurrias Management Partners, a Charlotte-based private equity firm founded in 2006 by Hugh McColl Jr., former chairman and CEO of Bank of America; Marc Oken, former CFO of Bank of America; and Managing Partner Ed McMahan. The firm has raised $3.6 bn across seven funds and invests in growing, middle-market businesses in sectors where the firm’s operational resources, relationships, and sector expertise can be employed to complement portfolio company executive teams in support of growth objectives. For more information, visit www.falfurrias.com. (Source: PR Newswire)

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Ultra-high precision, modularity and speed to defeat dynamic targets

OpenWorks is a provider of modular autonomous vision systems that deliver ultra-high performance real-time detection, identification and tracking of highly dynamic aerial threats at long range.

Our specialist capability lies in our dynamic positioners, EO/IR optical units, approach to sensor fusion and common interface that enables the integration of third-party detectors, classifiers, interceptors and effectors. Artificial intelligence modules work seamlessly with primary detectors and C2 to provide comprehensive detection, identification, tracking and slewing-to-cue against complex backgrounds and foregrounds.

OpenWorks is internationally and operationally proven across C-UAS and Air Defence.

Vision Pace

Designed to enhance dynamic multi-threat engagement, Vision Pace offers microradian precision targeting to kinetic defeat chains, marking a step-change for layered air defence. The development is intended to provide capability to expeditionary force protection, GBAD, SHORAD, M-SHORAD across land and naval domains.

Vision Flex

Vision Flex provides the highest performance surveillance, tracking and classification capability available, for use on static, mobile and un-crewed systems. Vision Flex cameras are highly configurable and can be used with built-in twin-AI modules of third Party classifiers and trackers.

Vision Flex is easy to integrate through standard interfaces and has a range of plug-and-play optical modules and upgrades to allow it to be configured easily to suit each mission or site.

Vision Guard

Vision Guard is a highly configurable, autonomous, portable and deployable platform that provides automated alerts with AI detection and classification.

It can be configured with combinations of active and/or passive sensors to suit the mission. Detections and alerts are streamed out to a handheld tablet or other systems via the standard interface, SAPIENT, Asterisk etc.

 

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