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Defense Industry 20 May 2026 - 17 June 2026

Elbit shares rally 11.5% after Germany SkyStriker drone order

Elbit shares rally 11.5% after Germany SkyStriker drone order

Elbit Systems and Diehl Defence are working together to pitch the SkyStriker loitering munition to the German Armed Forces, after agreeing a strategic partnership at ILA Berlin. The deal would see production and support in Germany if the system is selected, the companies said. Diehl added that the agreement also involves local manufacturing, assembly, integration and qualification work in Germany.
T3 Defense Sees Stock Shift as CFO Starts Ahead of Nasdaq Vote

T3 Defense Sees Stock Shift as CFO Starts Ahead of Nasdaq Vote

T3 Defense Inc. shares are trading under a spotlight again as the aerospace-and-defense holding company swapped out its finance chief days ahead of a shareholder vote that may alter its capital structure. According to a June 11 filing, T3 Defense’s board brought in Roy Cohen as CFO, starting June 1, moving to fill a key finance post while the company faces a depressed stock price, risks of dilution, and challenges to its Nasdaq listing.
General Dynamics Stock Reacts to New Pentagon Move

General Dynamics Stock Reacts to New Pentagon Move

General Dynamics picked up a small win heading into June, as its shares ended the week higher. A new communications-support contract for its Mission Systems division landed in a Pentagon update late Friday, giving the stock a push with U.S. trading shut for the weekend. Shares finished at $346.82, down 0.61% on Friday, but up around 1.1% since May 22 in a week shortened by the holiday.
GE’s Air Force Engine Win Draws Attention to Drone Push

GE’s Air Force Engine Win Draws Attention to Drone Push

GE Aerospace picked up a U.S. Air Force contract for its GE426 engine, pushing the company deeper into the fight to supply engines for autonomous combat planes expected to operate alongside crewed aircraft. The deal funds a preliminary design review, which is an early technical step before moving to pricier prototyping and trials, part of the Air Force’s medium-thrust Autonomous Collaborative Platform program.
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