Defense Electronics, EW & Sensors

Maris-Tech Ltd. announced it has received a pilot order for an armored vehicle situational awareness application from a leading global defense company, secured through a distributor. The pilot follows an extensive engineering and adaptation process in which Maris-Tech's Jupiter product line was adapted to meet the end customer's specific video streaming requirements for armored vehicle situational awareness. The company said the adaptations developed through this process have expanded the capabilities of its products and may also support additional applications and market opportunities across the modern battlefield. Based on estimates and forecasts provided by the end customer, successful completion of the pilot could result in significant follow-on orders over the coming years, according to the company. Chief Executive Officer Israel Bar said the pilot represents the result of a substantial engineering process focused on meeting the specific video requirements of a major defense customer, and that the capabilities developed strengthen the versatility of the Jupiter product line and expand its relevance to additional armored vehicle and battlefield applications.

Kratos Defense & Security Solutions announced on Monday that it won multiple contracts worth more than $100 million to develop space intelligence and cyber capabilities for joint military operations. The work will support RF signal collection, intelligence gathering, electronic warfare, and offensive cyber operations. The contracts will leverage the company's KnownSpace network of more than 190 RF sensors across more than 20 locations, along with its software and analytics capabilities. Following the announcement, KTOS stock traded about 1.58% higher at roughly $43.75 in pre-market trading.

Teledyne Imaging Sensors announced it has delivered more than 1.3 billion infrared detector pixels in support of the U.S. Space Force and Space Development Agency's Proliferated Warfighter Space Architecture, and has been selected to provide infrared focal plane technology for both Accelerated Missile Defense Tranche 3 awards. The pixel deliveries support SDA Tracking Layer programs for missile warning and missile tracking missions. To date, Teledyne has delivered more than 170 infrared focal planes for the SDA Tracking Layer and is under contract to provide more than 115 additional focal planes. The AMDT3 awards, announced by SDA in July 2026, will add more than 30 additional missile warning, missile tracking, and missile defense satellites to the Tracking Layer in direct support of the Golden Dome for America initiative. Teledyne has also advanced its large-format focal plane arrays to formats as large as 6K × 6K and 8K × 8K pixels.

Viasat Inc., through its subsidiary Inmarsat Government, Inc., was awarded the U.S. Space Force's MECS2 contract in September 2026, securing an initial US$42 million task order under a seven-year Indefinite Delivery/Indefinite Quantity agreement with a ceiling of up to US$307 million to provide fully managed global SATCOM services for the U.S. Marine Corps. The award deepens Viasat's role in secure, multi-orbit government communications and highlights the importance of its ViaSat-3-enabled Ka-band network and 24x7 managed services capabilities. The company's narrative projects $5.5 billion revenue and $626.3 million earnings by 2029, with forecasts yielding a $103.94 fair value, a 44% upside to its current price. Some of the lowest ranked analysts were far more cautious, assuming only about 3.9 percent annual revenue growth and continued losses. The MECS2 award looks incrementally positive for the investment thesis, reinforcing defense demand and multi-orbit capabilities, but it does not by itself resolve near term pressure from high ViaSat-3 and Inmarsat capex or the risk that broadband subscriber declines keep weighing on revenue quality.

Northrop Grumman has introduced FORTITUDE, a patented single-chip technology that processes vast portions of the electromagnetic spectrum on a grain-of-rice-sized gallium nitride chip. The company said the technology delivers three times more power and 20 times better signal quality, supporting satellites, radar, GPS, electronic warfare and future 6G systems. Previously known as the Super Lattice Castellated Field Effect Transistor, FORTITUDE builds on the company's focused research and development and substantial investment in microelectronics. It replaces dozens of components, cutting weight and slashing power consumption while delivering greater value for the end system. Built in the U.S. for both commercial and defense markets, the chip is designed to simplify system architectures and open new opportunities for faster, more dependable communications across next generation platforms.

TTM Technologies has completed its $1.1 billion acquisition of Epiq Solutions, strengthening its defense and aerospace business. Epiq develops software-defined radios, RF systems and radiation-tolerant computing solutions used across defense, intelligence and space applications, capabilities that complement TTM Technologies' existing printed circuit board, RF component and mission-system offerings. The deal advances the company's strategy of moving up the chain through greater vertical integration and expands its opportunities across land, air, sea and space applications, including signals intelligence, secure communications, electronic warfare and space systems. Financially, TTM Technologies expects Epiq to immediately strengthen adjusted EBITDA, though the deal is expected to be moderately dilutive to adjusted earnings per share in 2027 before becoming accretive in 2028. TTM Technologies faces strong competition from U.S.-based aerospace and defense electronics companies including Curtiss-Wright Corporation, Mercury Systems and Sanmina.

General Atomics Aeronautical Systems, Inc. has completed a successful flight test of its MQ-9B Remotely Piloted Aircraft carrying a new communications payload developed by SoftBank Corp. The Disaster Relief Unit communications pod, integrated onto an MQ-9B and flown by GA-ASI on July 27, is designed to provide disaster relief and recovery communications in areas where cellular service is not available. The pod lets an MQ-9B act as a mobile network relay tower in the sky, establishing connectivity where cellular towers have been damaged by a flood or another natural disaster. GA-ASI President David R. Alexander called the test an exciting achievement for both companies and said the capability should interest many MQ-9B operators for disaster relief and emergency communications. MQ-9Bs are flown by operators in the United Kingdom and Belgium as well as the Japan Coast Guard, and the aircraft has been selected by Canada, Denmark, Poland, Germany, Qatar, Taiwan and India.

Lockheed Martin's Rotary and Mission Systems business received a $94.2 million contract modification from the U.S. Navy to support continued development and integration of the AEGIS Combat System for the Royal Canadian Navy. The award funds system engineering, computer program baseline development and integration testing of AEGIS Weapon System elements and interfaces, with work performed primarily in Moorestown, New Jersey, and expected completion by December 2027. The contract is funded through the Foreign Military Sales program, underscoring Canada's continued investment in advanced naval capabilities. AEGIS integrates sensors, weapons and command-and-control capabilities so ships can detect, track and respond to airborne and surface threats. The award adds to Lockheed Martin's long-term AEGIS-related work and supports its position in the naval defense market.

L3Harris Technologies has won a $461.9M firm-fixed-price contract to provide commercial satellite communications connectivity for designated executive airlift aircraft. The contract supports authorized government personnel, with work expected to continue through October 2028. A total of $62.3M in FY2026 operations and maintenance funds is being obligated at award. The U.S. Space Force at Los Angeles Air Force Base is the contracting activity.

The U.S. Navy has doubled its fleet capacity to operate the MQ-25A Stingray unmanned aircraft system over a five-month period by standing up a second operational MD-5C Ground Control Station powered by Lockheed Martin Skunk Works MDCX. USS Theodore Roosevelt (CVN 71) received the first operational MD-5C in March 2026, followed by USS Ronald Reagan (CVN 76) in August 2026. The MD-5C is a highly complex system-of-systems that includes the government Command, Control, Communications, Computers and Intelligence network, Lockheed Martin's MDCX software and hardware, and additional government-produced ancillary equipment. Within the Ground Control Station, MDCX is the mission planning and execution software that enables Navy operators to command and control the MQ-25A Stingray, extending carrier air wing reach and freeing manned aircraft for higher-priority missions. Capt. Daniel Fucito, PMA-268 program manager, said the two operational unmanned air warfare centers aboard CVN 71 and CVN 76 bring the Navy closer to integrating unmanned carrier aviation into the fleet, while MDCX Program Manager Ben Tongue said the team has doubled the number of U.S. Navy carriers ready to fly the MQ-25A Stingray in five months.

Ondas announced on Wednesday that it launched Dronebuster REACH, a long-range counter-drone system, with the first unit contracted to the Office of Naval Research. REACH uses electronic attacks to disrupt drones at longer ranges and higher power, extending the company's existing Dronebuster product line, and integrates with Ondas's detection and command-and-control systems for a layered counter-drone setup. Ondas said its Dronebuster systems have been deployed in more than 50 countries, with over 3K units delivered. On the market side, the stock traded near $7.50.

Keysight Technologies said Wednesday it will showcase new radio frequency and microwave products across several industries next month at the European Microwave Week event. The offerings, geared toward the defense, space, broadband wireless, 5G, and 6G industries, include a new vector network analyzer, the XA6 signal analyzer for signal generation and analysis, spectrum and PNT resilience, and AI-driven engineering. Shares of the semiconductor company rose more than 1% on Wednesday.

RTX Corporation's Raytheon business has received a $50.1 million ceiling-priced delivery order to repair 98 Weapon Repairable Assemblies supporting the EA-18G Next Generation Jammer-Mid Band system. The work will be performed in Forest, MS, and El Segundo, CA, and is expected to be completed by March 2030. The award highlights the U.S. Navy's continued focus on maintaining critical electronic warfare equipment and ensuring the availability of systems deployed on the EA-18G Growler, whose Next Generation Jammer-Mid Band system is designed to disrupt or degrade enemy radar and communications. The repair order also demonstrates the recurring opportunities available through lifecycle support of advanced defense systems, and continued support for the Next Generation Jammer program could provide additional opportunities across RTX's broader electronic warfare portfolio. Shares of RTX have surged 11.7% in the past year against the industry's 16.2% decline, and the stock currently carries a Zacks Rank #2 (Buy).

DroneShield secured access to a three-year U.S. government contract vehicle worth up to $500 million, sending its shares up 9% to a one-month high. The Australian counter-drone technology company said it was awarded an Indefinite Delivery, Indefinite Quantity contract supporting Joint Interagency Task Force 401's Domestic Shield initiative, with a maximum value of $500 million over three years. The company stressed that the $500 million is the maximum value of the contract vehicle rather than an immediate order or revenue award, and that the vehicle provides a streamlined procurement pathway for rapid deployment of counter-unmanned aircraft systems across the United States. The award expands DroneShield's exposure to U.S. government procurement and follows a $24.9 million JIATF-401 contract announced in June, which included an initial $19.3 million award plus options. DroneShield has also been installing its DroneSentry-X Mk2 systems under the earlier JIATF-401 program, with acceptance by the U.S. military announced earlier this month.

Lockheed Martin Missiles and Fire Control has been awarded a $244.96M firm-fixed-price modification to a previously awarded U.S. Navy contract, adding scope to procure Full Rate Production 2 of F/A-18E/F Infrared Search and Track Block II systems. That modification covers 48 infrared receivers, 45 for the Navy and three for the Royal Australian Air Force, along with 74 processors and 27 inertial measurement units for the Navy, plus test equipment maintenance and lay-in material, with work performed across Florida, California and Pennsylvania and expected completion in February 2031. The Navy also awarded Lockheed a $52.11M cost-plus-fixed-fee modification to a previously awarded contract to incorporate engineering changes into F-35 Lot 18-19 air vehicle production for the Air Force, Marine Corps, Navy, F-35 Cooperative Partners and Foreign Military Sales customers. Separately, Lockheed Martin Rotary and Mission Systems of Moorestown, New Jersey, was awarded a $724M contract modification for the Japanese Ministry of Defense, raising the total contract value from $1.64B to $2.36B. That contract covers delivery of the Aegis System-equipped vessel #1 and ASEV #2 AEGIS Combat System to Japan, with work performed in Moorestown, New Jersey, and Japan from Sept. 29, 2026, through March 31, 2030.

BAE Systems' new Identification Friend or Foe AN/APX-127(V)1 Combined Interrogator Transponder has received AIMS certification from the Department of War for the U.S. Air Force's F-16 Fighting Falcon. The AIMS certification is a U.S. and NATO interoperable standard that marks the IFF solution ready for use, and the next-generation CIT will improve identification and enable enhanced decision making to distinguish between allied forces and potential threats in contested scenarios. The modernized system consolidates interrogator and transponder functions into one box for highly maneuverable aircraft, and its open-system architecture allows for software upgrades, reducing the risk and cost associated with hardware modifications. With the same form factor, it is a drop-in replacement for the AN/APX-113(V), AN/APX-125(V), and AN/APX-126(V) CITs currently operating on multiple U.S. and international platforms, and it is AIMS Mark XIIB IFF certified with Mode S and Mode 5 for secure and encrypted data exchange. Work on the AN/APX-127(V)1 CIT is performed at BAE Systems' facilities in Greenlawn, N.Y. and Austin, Texas, and the company expects to start delivering on the first 90-unit production lot this year.

Lockheed Martin received an $18.9 million contract modification for the U.S. Air Force's Three-Dimensional Expeditionary Long-Range Radar program, lifting the cumulative face value of the contract to approximately $1.01 billion from $991.3 million. Work will be performed in Liverpool, NY, and is expected to be completed by June 2029. The three-dimensional long-range radar systems are designed to provide detailed information on the location, altitude and movement of airborne objects, supporting air surveillance and timely responses to aircraft, missiles and other potential threats. The award highlights continued demand for mobile and expeditionary radar capabilities, and Lockheed Martin's expertise in radar, sensors and integrated mission systems positions it to benefit from those requirements. Shares of LMT have risen 5.3% in the past year against the industry's 14.7% decline, and the Zacks Consensus Estimate for LMT's 2026 and 2027 earnings has moved north over the past 60 days.

Taiwan's defense minister has revealed that Taiwan is continuing discussions with the United States on arms purchases and has received assurances from Washington that its policy toward Taiwan remains unchanged, following last week's meeting between President Donald Trump and Chinese President Xi Jinping in Washington. Wellington Koo, Taiwan's defense minister, told reporters today that since the summit, the Taiwanese government has received repeated clarifications from the US side that Washington's policy toward Taiwan remains the same, and that for arms procurement programs currently underway, each project requires concrete cooperation, with no notification of any changes so far. One of the delayed programs is an order for 66 F-16V fighter jets from Lockheed Martin, placed in 2019, equipped with modern electronics, weapons, and radar to enhance the ability to counter the Chinese air force, including the J-20 stealth fighter. Taiwanese media reported that the first two F-16V jets are in Hawaii awaiting delivery to Taiwan. Koo did not disclose a delivery schedule, saying only that production has reached a stage where delivery is possible, and noted that due to the delays, related compensation measures are in place. China has consistently urged the United States to stop selling arms to Taiwan. In May, after visiting Beijing, Trump said the United States had paused consideration of a new arms package worth about 14 billion dollars, but after meeting Xi in Washington last week, Trump said only that Xi understood his position on Taiwan.

Codan sharply raised its first-half profit outlook on strong demand from drone manufacturers, sending its shares up 18.85% to a record high of A$61.79. The Australian communications technology company said it expects net profit after tax of at least A$160 million for the six months through December, more than double the A$71.2 million reported a year earlier and close to the A$175.2 million it generated for the full year ended June. The stronger outlook was driven by rising demand for electronic components used in unmanned drones deployed in conflicts including Russia-Ukraine and the Middle East, with Codan supplying a radio-frequency component that enables high-speed video and data transmission to about 50 drone manufacturers across the U.S. and Europe. Codan said demand from conflict regions was exceptionally strong, and its Minelab metal-detection business also started the financial year strongly, helped by sales of its Gold Monster 2000 and GPZ8000 detectors amid a higher gold price. The company said it could not provide a full-year profit forecast because demand from conflict regions is difficult to predict beyond roughly three months, and it is working to address potential supply-chain constraints amid the elevated demand.

Guggenheim initiated coverage of Curtiss-Wright Corporation with a Buy rating and a $786 price target, representing 41% upside potential at the time of its September 15 update, citing rising global defense spending and elevated power generation demand as a compelling one-two punch. The call rests on businesses Curtiss-Wright already operates: Aerospace & Defense market sales rose 6% year over year in the second quarter on higher naval defense revenue and stronger electromechanical actuation sales, while commercial market sales rose 5%, with Power & Process growth driven mainly by commercial nuclear solutions. Total company orders increased 8% to $1.1 billion in the quarter, with record demand for defense electronics, and backlog ended at $4.5 billion, 10% higher than at the end of 2025. In July the company announced an $80 million multi-year expansion of its Cheswick, Pennsylvania operations serving naval defense and commercial nuclear customers. For the quarter, sales rose 5% to $924 million, adjusted diluted EPS increased 15% to $3.72, and adjusted operating margin improved 110 basis points to 19.4%, prompting management to raise its full-year outlook to 2026 adjusted sales growth of 8% to 9% and adjusted diluted EPS of $15.10 to $15.40, growth of 14% to 16%.

Iranian Foreign Minister Abbas Araghchi said on Sunday that Iran is ready for a doomsday war with the United States but is still keeping diplomatic channels open so as not to miss a chance to build peace. Speaking in an interview on NBC News' Meet the Press after last week's United Nations General Assembly, Araghchi said there is no reason for Iran to return to diplomacy, but he is still trying to negotiate because the opportunity to build peace should not be missed, and he affirmed that Iran is as ready to negotiate as it is to face any challenge, even one leading to a doomsday war. On Friday, Araghchi proposed reopening the Strait of Hormuz and resuming nuclear talks with the United States within seven days if the government of President Donald Trump accepts Iran's conditions, but Trump rejected the proposal, and according to The Wall Street Journal, Trump also said he expects to go back to bombing Tehran again after the US midterm elections in November. Meanwhile, US Ambassador to the United Nations Michael Waltz said in another NBC News interview that Iran's proposal was a self-serving attempt to put something on the table that it knows is unacceptable. On Sunday, Iran's Islamic Revolutionary Guard Corps claimed it had seized a US Remus 600 unmanned underwater vehicle in the Strait of Hormuz and declared the strait closed to unauthorized traffic, while Major General Amir Hatami, Iran's top military commander, stressed that the war is not over. The war, which began on February 28, has severely restricted energy shipments from the Middle East, sending oil prices sharply higher and adding to global inflation concerns. West Texas Intermediate crude fell 2.3% to close at 92.41 dollars a barrel, and Brent crude dropped 2.1% to close at 104.32 dollars. For the week, US crude fell 7.9%, while Brent was roughly flat. Year to date, WTI is up nearly 61% and Brent is up more than 71%.

Northrop Grumman has secured a US$123.8 million contract from the U.S. Navy to produce 67 APG-85 radars for the F-35 program, giving the company production visibility through February 2031. The award lands as Northrop Grumman's 1-year total shareholder return sits down 12.7%, even though its 3-year and 5-year total shareholder returns of 21.9% and 53.4% point to a stronger long-run record. The company's most followed valuation narrative pegs fair value at $646.41 per share, well above the last close of $510.52, a view that leans on raised 2026 sales and EPS guidance, reaffirmed free cash flow targets, and the scale of funded backlog and multi-year missile agreements. That bullish case could crack if fixed-price program overruns reappear or if future U.S. defense budgets disrupt funding for key platforms.

Palantir Technologies raised its full-year revenue guidance to between $8.15 billion and $8.158 billion, up from a prior forecast of $7.65 billion to $7.662 billion, after posting second-quarter revenue of $1.94 billion, a 93% increase from the same period last year. The company's U.S. commercial segment drove much of that expansion, with revenue of $764 million, up 149% year-over-year, while net dollar retention reached 157%. Palantir is also working with Mercury Systems to streamline material planning and factory workflows for large-scale military projects in support of the U.S. Department of War, part of a broader push into healthcare, defense, and manufacturing contracts across Europe, the Middle East, and U.S. federal agencies. Hedge fund ownership of the stock fell from 96 funds in the first quarter of 2026 to 86 funds in the following quarter, according to 13F filings tracked by Insider Monkey, while short interest sits at 2.83%. BlackRock remains the largest institutional stakeholder with 189.82 million shares, or 8.70% ownership, followed by Vanguard Capital Management at 6.70% and State Street Corporation at 4.79%.

Denmark's Defence Intelligence Service, DDIS, has warned that Russia may carry out limited military attacks on member states of the North Atlantic Treaty Organization, NATO, in the coming months, assessing that the risk has increased although it remains at a low level. In a report on Thursday, September 24, DDIS said Russia could use long-range weapons to strike critical infrastructure used to support Ukraine, in order to draw Europe's resources away from aid to Ukraine and to sow division within NATO if member states cannot agree on how to respond jointly. However, DDIS said it has not seen signs that Russia is preparing a full-scale invasion of a NATO member state, although that possibility cannot be entirely ruled out, and it also warned that Russia may step up hybrid warfare against Western countries and NATO, including large-scale cyberattacks that disrupt critical societal functions and sabotage that could cause loss of life. The warning comes as several European security officials and politicians have raised alarms about the threat from Russia. Poland said on Thursday that a fire at a Starlink ground station in the country was sabotage aimed at disrupting internet services, including use by the Ukrainian military. Polish Deputy Prime Minister Krzysztof Gawkowski said it is not yet possible to determine who carried out the attack, but there are several indications that the incident fits Russia's new pattern of attacks, according to Reuters.

OSI Systems announced on September 16 that its Security division secured approximately $90 million in US government contracts for Very Low Frequency communication systems and high-frequency transmission equipment. CEO Ajay Mehra said momentum is expanding across these Radio Frequency operations, prompting the company to scale labor capacity and expand its operational footprint to meet accelerating defense demand. The award combines upfront infrastructure builds with long-term lifecycle support, a recurring revenue stream that extends well beyond initial equipment deployment. The contracts add to a record $1.9 billion backlog reported on August 20 for fiscal 2026, up from $1.8 billion a year earlier, even after deliveries were delayed by Middle East conflicts; management said those deferred shipments were timing reschedules rather than canceled contracts. The company ended its fiscal year on June 30 with $1.79 billion in revenue, $276 million in operating cash flow, and cash and equivalents of $359.8 million, up from $106.4 million a year earlier, funding $123.6 million in fourth-quarter buybacks while bank credit lines were reduced to zero. For fiscal 2027, management guides to revenue growth of 5% to 8.1% and non-GAAP EPS growth of 7.5% to 11%.

The TISCO Economic and Strategic Analysis Center, or TISCO ESU, assesses that global financial markets are entering a phase of capital competition, as governments around the world need to borrow heavily to expand defense budgets while private-sector big tech and hyperscaler firms seek to raise enormous sums to accelerate the buildout of data center infrastructure, chip fabrication plants, AI facilities, and power plants. This is pushing interest rates and government bond yields up by roughly 0.60 to 0.90 percent. Komson Prapakpol, head of the TISCO Economic and Strategic Analysis Center, said the United States plans to expand its defense budget from 1 trillion dollars to 1.5 trillion dollars, an increase of 50 percent, while Japan aims to raise defense spending from below 2 percent to 3.5 percent of GDP, the highest level since the period from 1970 to 1980. Germany and France are also accelerating increases in their security budgets. Thanaphat Thanachat, an analyst at TISCO ESU, said the United States has public debt exceeding 100 percent of GDP, or more than 40 trillion dollars, and a fiscal deficit as high as 6 percent of GDP per year, driving its interest burden to double that of four to five years ago. France's public debt has risen by nearly 20 percent of GDP between 2019 and 2025, with an annual deficit of 5 percent of GDP. As for the interest rate path of the three major central banks, TISCO ESU expects the Federal Reserve to raise rates one more time, by about 0.25 percent, at its December meeting, ending at 4.25 percent, and to hold at that level through 2027 before cutting in 2028. The European Central Bank is expected to raise rates one more time, by about 0.25 percent, in December, while the Bank of Japan is expected to gradually keep raising rates until they reach 1.75 percent in mid-2027. The yield on 10-year U.S. government bonds is expected in the base case to hold steady at 5 percent through the end of 2026, but if the Federal Reserve fails to control inflation, the worst case could see the bond yield rise to 6 percent.

French President Emmanuel Macron has revealed that France is preparing to send military equipment to help defend Yanbu, a key industrial and energy hub on Saudi Arabia's Red Sea coast. In an interview with French television station TF1 on Thursday, September 24, he said France had reached a final agreement in talks with Saudi Arabia on sending military equipment to protect the area, including troops, radar and air defense systems. Asked about the possibility of sending Rafale fighter jets, Macron said France would consider it based on changes in the situation and necessity, noting, "We already have some fighter jets stationed in this region." The French leader said the most important thing for him was "bringing energy prices down," and also mentioned the need to release oil from reserves and restore smooth transport routes in the Middle East. Xinhua News Agency reported that Macron's remarks came after Yemen's Houthi group said on Saturday, September 19, that it had launched a large-scale attack in Saudi Arabia, targeting the Saudi capital Riyadh and the city of Yanbu, marking a major escalation of the conflict between the two sides. Earlier on Thursday, the Saudi-led coalition said its air defense systems had intercepted six Houthi ballistic missiles aimed at the Saudi cities of Taif and Yanbu, while Saudi Arabia continued its air strikes against Houthi-held areas across Yemen.

The global software defined radio market is projected to grow from USD 23.52 billion in 2026 to USD 36.80 billion by 2033, a 6.6% compound annual growth rate, according to a new report added to ResearchAndMarkets.com's offering. By volume, the market is expected to rise from 3,424,776 units in 2026 to 4,476,811 units by 2033. The HF/VHF/UHF frequency segment is projected to dominate the market throughout the forecast period, while the UAV and autonomous systems technology segment is anticipated to record the highest CAGR. North America is expected to be the fastest-growing region, supported by investment in defense, public safety, satellite communications, telecommunications, and advanced wireless technologies. The report profiles leading participants including L3Harris Technologies, RTX, Northrop Grumman, General Dynamics, Thales, BAE Systems, and Leonardo.

Analog Devices Chief Financial Officer Rich Puccio said the company expects demand strength across its portfolio to support double-digit growth into fiscal 2027, citing a broad industrial recovery alongside continued momentum in data centers, aerospace and defense, and automated test equipment. Speaking with JPMorgan analyst Harlan Sur at the firm's 2026 U.S. All Stars Conference in London, Puccio said aerospace and defense, automated test equipment, and data centers account for roughly 30% of the company's business and have been growing at high rates. The aerospace and defense business was nearing a $2 billion annualized revenue run rate as of the fiscal third-quarter exit rate, up from approximately $1 billion a year earlier, while the automated test equipment business was operating at an annualized run rate of about $1 billion and the data center business is running at about $2 billion annually, split roughly equally between power and optical products and growing about 100% year over year. Puccio declined to provide a mid-quarter bookings update or formal guidance for the January quarter but said Analog Devices expects to perform better than its normal seasonal pattern, in which the first fiscal quarter is typically down in the mid-single digits sequentially. He said more than half of the company's industrial subsegments remain double digits below the consumption line, that the company guided for a record gross margin in the fourth quarter, and that its pending acquisition of Alif Semiconductor is not expected to be material to revenue or costs in the near term, with the business more likely to ramp beginning around 2028.

A senior Iranian official told Kyodo News that Iran has offered to reopen the Strait of Hormuz within seven days if the United States begins preliminary steps to reduce military pressure, part of the Iranian government's stepped-up efforts to revive negotiations with Washington. Meanwhile, Saudi Arabia has increased crude oil exports through its Gulf coast ports after last week's attacks forced a halt to oil shipments through the East-West Pipeline, which links the eastern oil-producing region to the Yanbu port on the Red Sea. British Prime Minister Andy Burnham said the UK will send one Voyager aerial refueling aircraft to Saudi Arabia in the coming days to support national defense missions, after Saudi Arabia faced an increase in attacks from the Houthi group. On the technology front, Alibaba Group announced a major strategic plan to train a new generation of artificial intelligence models with parameter sizes of up to 5 to 10 trillion, along with the launch of the latest-generation Zhenwu V900 AI chip and plans to expand data centers, to drive a comprehensive AI infrastructure strategy spanning models, processing chips, and cloud data centers. Meanwhile, a South Korean appellate court ruled to reduce the prison sentence of Kim Keon-hee, wife of former President Yoon Suk Yeol, to five years from the seven years handed down by the lower court, in a corruption case that included the selling of posts in state agencies. And Converse, a Nike-owned shoe brand, announced it is removing its controversial advertisement from all channels and issued a formal apology after facing intense criticism that elements of the image evoked the Ku Klux Klan.

British Prime Minister Andy Burnham revealed on Monday, September 21, that the UK will send one Voyager air-to-air refuelling aircraft to Saudi Arabia in the coming days to support its national defence mission, after Saudi Arabia faced increased attacks from the Houthi group. Burnham said the Saudi government had submitted a request for military assistance to the UK, and he approved the air-to-air refuelling support the previous night on the advice of the defence minister and the foreign minister, stating that the support would be for a limited period and that the UK would review it according to the situation. He also stressed that the UK continues to play a role in the Middle East by supporting efforts to open shipping routes in the Strait of Hormuz. Reports said Saudi Arabia decided to seek help from the UK after the Houthis, who control populated areas of Yemen, stepped up attacks on Saudi Arabia, creating a new front amid a regional war that erupted after the United States and Israel struck Iran in late February. Previously, the UK deployed the Sky Sabre air defence system to Saudi Arabia to help defend against missile attacks from Iran during the conflict between the United States, Israel and Iran. The UK and Saudi Arabia have had close military ties for decades, with the UK being one of the major arms suppliers to Saudi Arabia.

President Donald Trump announced a security agreement with Denmark and Greenland that would give the United States a permanent role in the Arctic territory's security and prevent adversaries from establishing military bases or making sensitive investments without U.S. approval. Trump said the United States would begin developing a larger military presence on the island, and the agreement is expected to be signed during the United Nations General Assembly in New York, though its full terms have not been released. Morningstar analysts led by Christian Aufsatz said Greenland's strategic importance is likely to be realized sooner through its military position and potential Arctic trade routes than through its mineral resources, noting the island's role in the Greenland-Iceland-United Kingdom Gap, a key maritime corridor linking North American and European markets. The commentary said greater Arctic navigation could eventually create routes shortening travel between Asia, Europe and North America, increasing the potential for Greenland to serve as a location for deep-water ports, refueling facilities and logistics stations, while cautioning that climate-related uncertainty remains substantial. Morningstar also said Greenland has offshore hydrocarbon basins and rock formations that could host lithium, copper and rare earth elements, but stressed that geological potential does not guarantee commercially viable resources, as Greenland has not achieved the same exploration success as other regions and does not currently have significant mineable mineral deposits or proven oil and gas reserves ready for extraction.