Setback for Damen as German navy cancels €18bn frigate contract

Lockheed Wins Potential $1.4B Navy Aegis Integration Contract

The Navy has awarded Lockheed a cost-plus-award-fee contract for Aegis integration support Contract performance could continue through June 2036 if options are exercised The 2026 Navy Summit will examine AI, digital engineering and more Lockheed Martin has won a potential 1.38 billion contract from the U.S. Navy to provide Aegis ship integration and testing support

DOJ Blasts Judge’s Order On $1.8 Billion ‘Anti-Weaponization’ Fund As Outright Overreach

THE BREAKDOWN: The Department of Justice has refused a federal judge’s demand for signed pledges from top officials promising not to launch a controversial 1.8 billion fund. A top DOJ attorney argued the court order violates the separation of powers, while critics continue to slam the proposed fund as a political safety net. A high-stakes [] DOJ Blasts Judge’s Order On 1.8 Billion ‘Anti-Weaponization’ Fund As Outright Overreach

DOF secures TotalEnergies FSO replacement contract

Norwegian offshore vessel owner DOF has won a contract from TotalEnergies for the subsea construction, mooring, disconnection of an existing FSO, and connection of a replacement unit. The contract is for work in the Atlantic region and is part of the FSO Unity replacement project. The scope of work includes engineering, transportation and installation of

General : RM571.9 Mln NSM Payment Made After Completion, Not In Advance -MINDEF

KUALA LUMPUR, July 2 (Bernama) -- The payment of RM571.9 million to the Norwegian supplier of the Naval Strike Missile (NSM) anti-ship missile system for the Littoral Combat Ship (LCS) project was not an advance payment but was made in accordance with the contract's progress, the Ministry of Defence (MINDEF) said.

British drone boat firm raises $175M at $1B valuation

A British firm building uncrewed patrol boats for NATO navies just crossed the billion-dollar valuation mark, with Kraken Technology Group announcing the close of a 175 million Series B funding round on July 9 that values the company at 1 billion. The round, led by Digital Transformation Capital Partners, or DTCP, arrives less than a []