News in Numbers

Slovakia’s defence budget is projected to increase through to 2029, with 2.3% of its GDP committed military expenditure in 2024, up from 1.8% in 2020.

The US Navy has awarded $202m in maintenance contracts to BAE Systems for work on the Arleigh Burke-class destroyer USS Laboon and Wasp-class amphibious assault ship USS Wasp.

European aerospace company TEKEVER has raised €70m ($73.72m) in a funding round led by Baillie Gifford and backed by the NATO Innovation Fund.

The US State Department has injected a further $4bn of Foreign Military Financing into Poland, bringing the country’s loans and guarantees to more than $11bn in the last two years.

Kongsberg Defence & Aerospace has entered a multi-year procurement deal with the US Navy for the supply of Naval Strike Missiles in a contract worth Nkr10bn ($903.43m).