ReutersJoe Brock

Lockheed Martin unveils PAC-3 ACE, a lower-cost Patriot interceptor for Europe amid rising demand to counter drones and missiles

Lockheed Martin said it will offer a more affordable Patriot PAC-3 interceptor—PAC-3 ACE—targeted at the European market. The move comes as militaries prioritize cheaper solutions to counter proliferating drones and missiles and as defense primes face competitive pressure from lower-cost, scalable startup weapons.

2026-07-19T23:52:53.517246-07:00
ReutersDan Catchpole, Joanna Plucinska

Conflicts, aircraft orders in focus as Farnborough Airshow kicks off

By Reuters: Farnborough Airshow ‌opens on Monday with Boeing and Airbus pursuing aircraft deals and defence firms vying for a share of booming military budgets fuelled by wars in Ukraine and the Middle East.

2026-07-19T21:09:59.142936-07:00
Breaking DefenseValerie Insinna

Boeing expects additional cost hit on Air Force One to make 2028 delivery: Defense CEO

By Breaking Defense: “I do expect to see some cost growth there as we come through [final assembly] and we finish off the wiring and the structures, as well as finishing off with certification,” Steve Parker told reporters ahead of Farnborough Airshow this week.

Also: Air Data News and Reuters
2026-07-19T10:07:30.135508-07:00