AGP Executive Report
Last update: 4 hours agoIndian Shipbuilding: New Delhi signed ₹53,866 crore contracts with GRSE and GSL for eight next-generation Navy corvettes, with deliveries due from 2030. The ships will replace ageing classes and add advanced sensors and weapons. Hypersonic Ambitions: British-German startup Hypersonica raised €100 million to expand testing and development of a long-range missile, targeting operational capability by 2029. Missile Supply: The US approved a $2.1 billion sale of 500 Patriot interceptors for Ukraine, funded by allies; the deal highlights a supply crunch as demand outpaces production. Industry Consolidation: Lockheed Martin agreed to acquire a Canadian undersea-defence company for $3.45 billion, expanding its maritime-warfare business. Naval Production: The NATO SeaSparrow program delivered its 1,000th ESSM Block 2 missile, doubling deliveries since June 2025 as partner nations ramp up production.
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