AGP Executive Report
Last update: 6 hours agoUkraine War Industry: Kyiv says it struck a Russian drone development and manufacturing facility in Rostov, aiming to disrupt UAV supplies to Russian forces. Ammunition Production: Rheinmetall is commissioning a new medium-calibre line in Spain, part of a €20 million expansion expected to lift output and add about 90 jobs. Autonomous Systems: Saab, Sweden’s defence procurement agency and armed forces have launched a large uncrewed underwater vehicle demonstrator after developing it in under a year. Major Contracts: Raytheon received a potential $6.34 billion U.S. contract for SM-3 Block IB interceptors; India also signed ₹4,106-crore satellite and torpedo deals for its air force and navy. Capacity and Demand: Türkiye plans a 229% increase in defence-equipment procurement for 2027, while Lockheed Martin is investing $300 million in its Texas operations. Supply Risks: Boeing is weighing closure of its Pennsylvania-area helicopter plant amid funding concerns, as U.S. missile-defence stockpile shortages are forecast to persist until at least 2030.
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