Defense Budgets & Spending News

Bloomberg

BAE Systems-backed Expeditions raises €197M ($225M) fund with NATO Innovation Fund backing to develop sovereign European defense BAE Systems-backed defense-tech venture capital firm Expeditions has raised a €197 million ($225 million) fund, co-backed by the NATO Innovation Fund. The vehicle will finance the development of “sovereign” military technologies by European startups and defense innovators.

2026-07-07T00:44:22.401147-07:00

BAE Systems-backed Expeditions raises €197M ($225M) fund with NATO Innovation Fund backing to develop sovereign European defense

Bloomberg

1 source

$2T scramble for control of future battlefields as powers pivot from nuclear deterrence to hypersonics, AI, space weapons and dr World powers are scaling investment for “next-generation” military advantage, positioning hypersonics, AI-enabled systems, space weapons, and drones as the core capabilities of future battlefields. The piece frames the competition as a roughly $2 trillion race to secure first-mover technological edge.

2026-07-05T14:29:01.460517-07:00

$2T scramble for control of future battlefields as powers pivot from nuclear deterrence to hypersonics, AI, space weapons and dr

SpaceNews.com

1 source

GAO flags cost overruns and launch-risk management gaps across U.S. Space Force satellite and launch procurements A new U.S. government watchdog report warns that Space Force space procurements still face longstanding defense-acquisition challenges, despite the service’s reputation for speed. The findings cite satellite cost concerns and insufficient handling of launch-related risks across parts of the portfolio.

2026-07-04T03:24:42.072203-07:00

GAO flags cost overruns and launch-risk management gaps across U.S. Space Force satellite and launch procurements

Bloomberg

1 source

US Navy withholds Northrop Grumman payments over delays to air-to-ground anti-radar missile, GAO says The US Navy has withheld payments from Northrop Grumman due to delays in fielding an upgraded air-to-ground missile intended to destroy enemy air-defense radar, congressional auditors said. The action underscores contract risk tied to weapons delivery timelines and radar-countering capability.

2026-07-02T08:25:42.239967-07:00

US Navy withholds Northrop Grumman payments over delays to air-to-ground anti-radar missile, GAO says

Bloomberg

7 sources

GAO: Pentagon weapons programs hit new timeline setbacks—from E-7A delays to hypersonic and air-to-ground missile production iss A new Government Accountability Office assessment finds the Pentagon is again struggling to hit weapons development timelines. The once-reversed E-7A Wedgetail cancellation push added nearly six months to rapid prototyping, while the first US hypersonic weapon faces additional deployment delays tied to unresolved production issues. The Navy also withheld payments from Northrop Grumman over late delivery of an upgraded air-to-ground anti-radiation missile and is still seeking a system similar to AARGM-ER.

2026-07-02T07:29:20.411582-07:00

GAO: Pentagon weapons programs hit new timeline setbacks—from E-7A delays to hypersonic and air-to-ground missile production iss

FlightGlobal

2 sources

UK Defence Investment Plan: up to 24 uncrewed surveillance drones to replace Watchkeeper by late decade The UK’s newly published Defence Investment Plan says up to 24 uncrewed “surveillance drones” will replace the British Army’s Watchkeeper remotely piloted aircraft by late this decade. The transition targets retirement of an obsolete type and refreshes the Army’s ISR capability with a new unmanned platform.

2026-07-02T04:59:27.747617-07:00

UK Defence Investment Plan: up to 24 uncrewed surveillance drones to replace Watchkeeper by late decade

FlightGlobal

None source

Up to 24 ‘surveillance drones’ will replace British Army Watchkeepers

2026-07-02T04:59:27.747617-07:00

Up to 24 ‘surveillance drones’

FlightGlobal

1 source

UK MoD shifts long-range air-launched weapons investment: Storm Shadow and Meteor upgrades paused for next-generation programs The UK Ministry of Defence will not fund further upgrades to two RAF long-range, air-launched weapons, directing that investment toward development of next-generation systems. The decision is embedded in the government’s weapons-focused spending plan and targets successors to Storm Shadow and Meteor capabilities.

2026-07-02T00:46:56.114080-07:00

UK MoD shifts long-range air-launched weapons investment: Storm Shadow and Meteor upgrades paused for next-generation programs

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Defense Budgets & Spending News

BAE Systems-backed Expeditions raises €197M ($225M) fund with NATO Innovation Fund backing to develop sovereign European defense

GAO flags cost overruns and launch-risk management gaps across U.S. Space Force satellite and launch procurements

GAO: Pentagon weapons programs hit new timeline setbacks—from E-7A delays to hypersonic and air-to-ground missile production iss

US Navy withholds Northrop Grumman payments over delays to air-to-ground anti-radar missile, GAO says

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