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Reuters

Greece approves €4–4.7bn defence modernisation: €3bn 'Achilles Shield' air/drone system, 38 F‑16 upgrades and frigate refits

Greece's parliamentary committee approved a €4–4.7 billion defence modernisation package that includes a €3 billion multi‑layer air‑and‑drone defence system dubbed 'Achilles Shield', upgrades for 38 F‑16s to Block 50/Viper standard, C‑27 fleet sustainment and MEKO frigate refits. Lawmakers moved to fast‑track contracts.

2026-03-16T09:00:47.534622-07:00

AeroTime

Top Aces wins $33M multi-year contract to train Argentine F-16 pilots

2026-03-16T06:54:32.457138-07:00

SpaceNews.com

Pentagon increases Raytheon protected satcom terminals contract by $2 billion

2026-03-15T06:17:45.046914-07:00

Aviation Week

USAF awards Boeing contract modifications totalling just over $5B for E-7A Wedgetail development and production

2026-03-12T16:28:41.049844-07:00

News Timeline

Reuters

Greece approves €4–4.7bn defence modernisation: €3bn 'Achilles Shield' air/drone system, 38 F‑16 upgrades and frigate refits Greece's parliamentary committee approved a €4–4.7 billion defence modernisation package that includes a €3 billion multi‑layer air‑and‑drone defence system dubbed 'Achilles Shield', upgrades for 38 F‑16s to Block 50/Viper standard, C‑27 fleet sustainment and MEKO frigate refits. Lawmakers moved to fast‑track contracts.

2026-03-16T09:00:47.534622-07:00

Greece approves €4–4.7bn defence modernisation: €3bn 'Achilles Shield' air/drone system, 38 F‑16 upgrades and frigate refits

AeroTime

Top Aces wins $33M multi-year contract to train Argentine F-16 pilots Buenos Aires has awarded Top Aces a $33 million multi-year contract to provide the full F-16 training pipeline — from basic conversion to advanced qualifications — using Denmark-acquired jets at Argentine Air Force bases, with Top Aces instructors deployed in-country to conduct instruction and support.

2026-03-16T06:54:32.457138-07:00

Top Aces wins $33M multi-year contract to train Argentine F-16 pilots

SpaceNews.com

Pentagon increases Raytheon protected satcom terminals contract by $2 billion The U.S. Department of Defense has increased Raytheon’s contract for protected satellite communications terminals by $2 billion, the Pentagon said. The modification expands program funding for delivery and sustainment of military-grade satcom terminals to support secure, resilient satellite links.

2026-03-15T06:17:45.046914-07:00

Pentagon increases Raytheon protected satcom terminals contract by $2 billion

FlightGlobal

Pentagon reveals LUCAS loitering munition — Shahed-136 derivative with 434 nm range and sub-$55k unit cost The Pentagon has released specifications for LUCAS, a one-way loitering munition reverse-engineered from Iran’s Shahed-136. The system offers a 434 nm range, a per-unit cost the department places between $10,000 and $55,000, and has been employed operationally in the Middle East.

2026-03-13T10:23:53.030335-07:00

Pentagon reveals LUCAS loitering munition — Shahed-136 derivative with 434 nm range and sub-$55k unit cost

AeroTime

Raytheon completes $115M, 26,000 sq ft expansion of Redstone missile integration facility Raytheon has finished a $115 million, 26,000 sq ft expansion of its Redstone Missile Integration Facility in Alabama, a project the company says could lift delivery capacity by more than 50% and support roughly 2,200 new jobs to help replenish U.S. munitions stocks.

2026-03-13T07:15:02.920796-07:00

Raytheon completes $115M, 26,000 sq ft expansion of Redstone missile integration facility

Aviation Week

USAF awards Boeing contract modifications totalling just over $5B for E-7A Wedgetail development and production On March 12 the U.S. Air Force awarded Boeing multiple contract modifications — an initial $2.4–$2.43 billion package plus a separate $3.3 billion award — bringing cumulative program spending to just over $5 billion. The funds support continued development, production and procurement of the E-7A Wedgetail AEW&C aircraft.

2026-03-12T16:28:41.049844-07:00

USAF awards Boeing contract modifications totalling just over $5B for E-7A Wedgetail development and production

Bloomberg

Pentagon requests $12B through 2031 and directs $1B spares push to restore F‑35 readiness The Pentagon has requested an additional $12 billion through 2031 to restore declining F‑35 readiness and is directing $1 billion in 2026 reconciliation funds to buy spares and raise dismal F‑35A mission‑capable rates. Officials say the measures target sustainment shortfalls that have degraded strike availability.

2026-03-12T13:12:39.385621-07:00

Pentagon requests $12B through 2031 and directs $1B spares push to restore F‑35 readiness

Reuters

Boeing wins $289M contract to supply up to 5,000 air‑launched smart bombs to Israel Boeing has won a $289 million contract to deliver as many as 5,000 air‑launched precision‑guided "smart" bombs to Israel, Bloomberg reports. The award, cited by three people familiar with the transaction, covers delivery of new munitions for Israeli combat aircraft.

2026-03-10T13:53:32.476309-07:00

Boeing wins $289M contract to supply up to 5,000 air‑launched smart bombs to Israel

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Defense Budgets & Spending News

Greece approves €4–4.7bn defence modernisation: €3bn 'Achilles Shield' air/drone system, 38 F‑16 upgrades and frigate refits

Top Aces wins $33M multi-year contract to train Argentine F-16 pilots

Pentagon increases Raytheon protected satcom terminals contract by $2 billion

USAF awards Boeing contract modifications totalling just over $5B for E-7A Wedgetail development and production

News Timeline