Brazil’s federal innovation funding agency, the Funding Authority for Studies and Projects, has launched an initiative to support innovation across its domestic defence industrial base, with a focus on localising R&D and reducing dependence on foreign technologies.
Kongsberg Defence & Aerospace has signed letters of intent with Belgian companies Feronyl, Advionics, and Sioen Industries related to Belgium’s planned procurement of the NASAMS air defence systems. The agreements were signed at the Brussels European Defense Exhibition and Conference held on 12–14 March.
South Korea’s Hanwha Aerospace announced a direct investment package of close to EUR100m (USD115m) as part of Estonia’s purchase of the K239 Chunmoo rocket artillery systems last year.
Spanish shipbuilder Navantia announced on 27 February that it had offered Denmark a strategic cooperation framework to support the country’s naval programmes. The offer came in response to Denmark’s naval expansion plan that was announced in April 2025, which reportedly includes the acquisition of new frigates from 2030 onwards.
Germany’s TKMS signed a teaming agreement on 10 March with India’s VEM Technologies Pvt Ltd to jointly develop heavyweight torpedoes for the Indian Navy through a transfer of technology. Under the agreement, ATLAS ELEKTRONIK, TKMS’s submarine systems subsidiary, will transfer torpedo technology, software licences, and production processes to the Indian partner.
Turkey’s Nurol Makina signed an agreement on 2 March to co-produce 800 of its Gidran 4X4 vehicles in Hungary over the next five years, in cooperation with Hungarian vehicle manufacturer Rába Automotive Holding Plc and its parent company 4iG Space and Defence Technologies. This marks Hungary’s second purchase of the Turkish tactical vehicles.