Quantum Systems Triples Valuation to $3.5 Billion

Quantum Systems has tripled its valuation and raised €180 million in a Series C Extension led by Balderton Capital. This follows its €160 million Series C in May this year, bringing the total amount secured in 2025 to €340 million, which marks the largest private capital raise in Europe’s dual-use sector. This puts the company’s valuation above €3 billion. Continue reading →

Anduril Faces Setbacks from Drone Crashes

A U.S. military plane soared over Florida’s Eglin Air Force Base earlier this month and released a drone made by the defence tech giant Anduril Industries to test whether it could take flight and conduct surveillance. The drone – a winged model known as Altius – nosedived 8,000 feet into the ground, according to an Air Force test summary, reported here for the first time. Continue reading →

Two New Thales Systems Awarded for Innovations in Electronic Warfare and Artificial Intelligence

– Thales is giving forces a new edge in electromagnetic warfare (EW) with two new systems built to accelerate radar detection and AI analysis, helping operators act faster across air, land, and sea. The innovations aim to simplify complex intelligence workflows while enabling more precise responses to threats in multi-domain operations. Continue reading →

Chinese Businessman Takes 5% Stake in Sanctioned Russian Drone Maker, then Russia Deletes the Evidence

A Chinese drone parts supplier has taken an ownership stake in one of Russia’s most important military drone manufacturers, according to a bombshell Financial Times investigation just published. The revelation marks the first documented case of direct Chinese equity investment in a sanctioned Russian defence company. Continue reading →