AGP Executive Report
Last update: 7 hours agoShipbuilding: Malaysia’s delayed LCS 1 is now due in April 2027, with the defence ministry imposing damages and warning the slippage is hurting readiness. In the U.S., Anduril won a Navy contract worth up to $2.9 billion for Virginia-class submarine components and plans a $3.7 billion Baltimore shipyard. Aircraft: Embraer and Lockheed Martin are competing for India’s $10.5 billion order for 60 transport aircraft, with both proposing local production. Missiles and air defence: Boeing secured a $14.7 billion contract to expand PAC-3 MSE seeker production, while India signed a ₹661 crore deal for BrahMos systems for Navy ships. The EU also disbursed €1.24 billion to Ukraine for defence needs, including drones, interceptors and missiles made by Ukrainian companies. Global industry: Turkey’s Aselsan reported more than $6 billion in contracts over two weeks, and India’s MKU plans to establish a defence manufacturing plant in Morocco.
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