M&A   Aircraft Manufacturing (OEMs)   Defense Industry & Major Contractors  
Reuters

Parker-Hannifin to buy KKR-owned Circor aerospace & defense business for about $2.55B

KKR said it will sell its aerospace and defense company Circor to Parker-Hannifin in a deal valued at about $2.55 billion. The transaction would transfer Circor’s aerospace/defense unit to Parker-Hannifin, which is positioning the acquisition as part of its expansion in engineered industrial systems for defense and aerospace customers.

Also: Seeking Alpha and Seeking Alpha
2026-05-21T06:54:33.780664-07:00
Satellite   Missile Systems & Strategic Weapons   Space Defense & Militarization  
Bloomberg • Anthony Capaccio

Space Force Missile Alert Satellites at Risk of Critical Defects

By Bloomberg: A new global satellite system to alert US forces of incoming missile attacks was one of the “lowest performing” Space Force programs last year and risks developing “mission-critical defects” after being launched into orbit, according to an unreleased service report.

2026-05-21T03:24:22.543931-07:00
UAV Development & Drone Programs   Europe   Geopolitical Developments & Conflict Impact  
Reuters • Janis Laizans

Latvia and Lithuania issue drone alerts, scramble NATO fighter jets

By Reuters: Lithuania and Latvia each detected drones in their airspace on Thursday and urged ‌some inhabitants to seek shelter while NATO fighter jets scrambled to intercept the devices, the latest in a series of such security incidents in the Baltics.

Also: Bloomberg and Kyiv Independent
2026-05-21T03:13:55.800829-07:00
UAV Development & Drone Programs   AI   Europe   Defense Industry & Major Contractors   Geopolitical Developments & Conflict Impact  
SpaceWatch Global • Torsten Kriening

Lithuania's Unmanned Defense Systems Targets Series A as Backlog Hits 10 times growth

By SpaceWatch Global: CEO Vytenis Buzas tells SpaceWatch.Global in Berlin that the swarm-software specialist is targeting a fifteenfold revenue jump this year- and restricting its investor outreach to NATO and European capital only.

2026-05-21T02:05:47.884802-07:00