Defense Systems

TUCSON – November 10, 2026 -- Raytheon, an RTX business, completed a third successful flight test of its DeepStrike JR3 solution for the U.S. Army's Joint Reduced Range Rocket program. JR3 is designed to replace the Army's Reduced Range Practice Rocket.

Raytheon fires multiple JR3 rounds at Yuma Proving Ground

In the test at Yuma Proving Ground, Arizona, Raytheon rapidly fired multiple JR3 rounds. The company demonstrated launch pod container reusability and maintainability, range, trajectory and accuracy. It also demonstrated the visibility of the marking solution, which is intended to increase training effectiveness.

Brian Burton, vice president of Precision Fires & Maneuver at Raytheon, said that pairing a reusable pod with an affordable rocket gives the Army a modern, sustainable way to train while cutting cost and complexity.

Leesburg – November 10, 2026 -- Quantum Leap, a national security technology company serving U.S. defense and intelligence agencies, has collected recognition in four award and ranking categories in 2026, spanning cybersecurity, company growth and government contracting.

Quantum Leap Research wins Government Contractor of the Year in the $25 million to $75 million band

The 2026 Greater Washington Government Contractor Awards named Quantum Leap Research, a Quantum Leap company, Government Contractor of the Year in the $25 million to $75 million revenue category. Jim Miller, founder and CEO of Quantum Leap and president of Quantum Leap Research, was also named a finalist for Executive of the Year in the up-to-$75-million category.

NVTC names Quantum Leap a 2026 Cyber50 honoree

The Northern Virginia Technology Council (NVTC) included the company among its 2026 Cyber50 honorees.

RA'ANANA, Israel – November 09, 2026 -- NextVision Stabilized Systems (TASE: NXSN) reported third-quarter 2026 revenue of $106.4 million, up 125% from $47.3 million a year earlier, with operating margin reaching 61.8%. The maker of stabilized day- and night-vision imaging systems for UAVs and drones said nine-month revenue totaled $261.9 million, up 117%.

Operating margin climbs for a third straight quarter

Operating profit rose 133% to $65.8 million from $28.3 million. Operating margin reached 61.8%, against 56.9% in the first quarter, 58.8% in the second and 59.8% in the year-earlier quarter. Operating expenses fell to 4.9% of revenue from 8.9%.

Amsterdam – November 09, 2026 -- Onodrim Industries, a European defence and industrial scale-up platform, has raised a $300 million Series A at a $1.3 billion valuation, with Lux Capital leading the round.

General Catalyst, Lakestar, Altimeter, Strike Capital, 137 Ventures, 8090 and Expeditions also participated, alongside other new and existing investors. The round follows a $45 million seed financing announced earlier this year.

Onodrim to take controlling stakes in aerospace, defence and industrial manufacturers

Onodrim will deploy the capital to acquire established businesses in aerospace and defence and in industrial manufacturing. It takes controlling stakes using permanent capital and applies technology, operational and business development expertise to accelerate growth.

Ottawa – November 09, 2026 -- Allen-Vanguard scales its electronic countermeasure (ECM) field support from one annual technician visit for a four-system fleet to more than 40 full-time, in-theatre Field Service Representatives (FSRs) maintaining a fleet of over 6,000 systems.

Three maintenance levels split work between end users, FSRs and depot technicians

Organizational-level (O-Level) tasks, including pre-mission checks and regular preventative maintenance, are handled in the field by trained end users. Intermediate-level (I-Level) work is done in the field by Allen-Vanguard FSRs or company-trained customer technicians. It covers inspections, diagnostics, fault finding, repair to Line Replaceable Unit (LRU) level, and software and firmware upgrades.

Los Angeles – October 29, 2026 -- Glancy Prongay Wolke & Rotter LLP has opened a lead plaintiff window closing October 29, 2026 for investors who lost money on XTI Aerospace, Inc. securities amid allegations of securities fraud.

Class period spans four months of allegedly misleading statements

The complaint covers purchases made between October 29, 2026 and October 29, 2026, during which defendants allegedly made materially false or misleading statements about XTI Aerospace's business, operations, and prospects.

Undisclosed executive conduct triggered board review

According to the filing, senior executives engaged in undisclosed activities that required Board review, raising doubts about the effectiveness of the company's disclosure controls and procedures.

Scottsdale, Ariz. – September 18, 2026 -- Axon Enterprise, Inc. (Nasdaq: AXON) intends to offer $1.0 billion in aggregate principal amount of 0% convertible senior notes due 2031, subject to market conditions, the public safety technology company announced.

Axon adds $150 million over-allotment option for underwriters

Underwriters will have the option to purchase up to an additional $150.0 million in notes to cover over-allotments, exercisable for settlement within an 11-day period beginning on the first issuance date. Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, RBC Capital Markets, LLC and Citigroup Global Markets Inc. are serving as joint lead book-running managers.

Providence, R.I. – September 18, 2026 -- Meller Optics, Inc. has introduced custom fabricated sapphire optics engineered to withstand temperatures up to 1,600°C, targeting missile seeker windows, furnace inspection ports, semiconductor processing equipment, pyrometers, vacuum chambers, and aerospace instrumentation.

Sapphire optics resist fluorine exposure and extreme thermal swings

The optics operate across a range of -200°C to +1,600°C depending on configuration and remain impervious to fast-moving fluids, particles, and most chemicals, including fluorine at temperatures up to 300°C. This chemical and thermal resilience makes them suitable for harsh industrial environments where standard optical materials degrade.

Torrance, Calif. – September 18, 2026 -- Castelion has secured a U.S. Navy production delivery order worth up to $200 million to manufacture, assemble, test and deliver an initial lot of Blackbeard hypersonic weapons to the fleet.

Navy shifts Blackbeard from prototypes to a production line under SBIR Phase III

The order was awarded by Portfolio Acquisition Executive Aviation (PAE(A)) through its Future Capability Development and Integration Aviation Rapid Capabilities Cell, marking the program's transition from early operational capability testing to full production rounds. It follows a June 2026 order for 50 Early Operational Capability weapons, extending the Navy's commitment to the air-launched hypersonic strike system.

Orlando, Fla. – September 18, 2026 -- Mach Industries doubled its valuation to $3.7 billion in three months, up from $470 million a year earlier, as defense startup funding heads for a record 2026 even while exits remain scarce, according to Backswing Ventures.

Crunchbase data shows 2026 funding at record levels with few exits in sight

Crunchbase News reported this month that 2026 is on pace to be the largest year on record for defense startup funding. Backswing Ventures founder Kyle Asman said that surge is not matched by liquidity, since government sales cycles and dual-use commercial traction can take years to materialize into a sale or IPO.

"Raising money has never been faster in this sector," Asman said. "Turning that money into an exit is a separate problem, and a much slower one."