Arms Procurement & Industrial Base: Australia signed a landmark $2.5B government-to-government deal with Canada to export Over-the-Horizon Radar tech for Arctic early warning, a major boost for sovereign radar know-how. Defense Budget Pressure: The Pentagon is reportedly seeking about $80B in extra funding to cover Iran-related operations, as lawmakers question costs and replenishment timelines. Geopolitics & Alliances: US Secretary of State Marco Rubio is set to pitch the Iran peace framework to Gulf partners in the UAE, then Kuwait and Bahrain, where missile limits and oil-shipping influence are key sticking points. Export Controls Escalation: China moved to sanction 10 US defense and rare-earth-linked firms and restrict dual-use exports, while also banning some US companies from government procurement. European Defense Industry: Germany plans to take a 40% stake in KNDS to strengthen European tank production and sovereignty alongside France. Ukraine Drone Scale-Up: Ukraine says it can produce over 8M FPV drones annually, with loitering-munition output also rising sharply for the war effort. Cybersecurity & Tech Risk: Taiko halted operations after a $1.7M bridge exploit tied to a leaked signing key, underscoring supply-chain and key-management fragility. Defense Tech & Contracts: Minelab/Codan will deliver MDS-20 counter-IED detectors to Australia’s ADF under a Def 08101 program. Market/Defense Stocks: Filtronic flagged slightly ahead-of-expectations earnings and reiterated strong order visibility across space, defense and aerospace.