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Leonardo stocks (BIT:LDO) jumped over 1% on Monday after Moody’s upgraded the credit rating of the Italian aerospace and defense company to ‘Baa2’, while maintaining a positive outlook.
The rating agency's decision to boost Leonardo’s creditworthiness reflects an improved assessment of the company's financial position. Moody’s previous rating for Leonardo was ‘Baa3’.

Since 2022, the German government has inked defense contracts worth €111 billion, but they can't say how many purchases are actually completed. The opposition warns: billions are at risk of disappearing into failed projects.

Since 2022, the Federal Republic of Germany has signed 47,000 contracts for armament purchases totaling €111 billion. However, the defense ministry cannot answer how many of these projects are actually completed and what has been delivered to the troops. This was reported on Sunday, April 26, by the dpa agency, citing a response from the German Defense Ministry to an official inquiry from Bundestag member Dietmar Bartsch of the Left Party.

China has added 7 European organizations to its export control list, citing national security interests and their involvement in arms shipments to Taiwan. This was reported by Bloomberg.
The Ministry of Commerce of the People's Republic of China announced this move on Friday, releasing two relevant statements. The order, which takes effect immediately, bans the export of Chinese dual-use goods to these companies and requires the cessation of all related ongoing activities.

Lockheed Martin Corp. (NYSE:LMT) just bagged four defense contracts totaling around $137.6 million, the U.S. Department of Defense reported on Tuesday.
The biggest contract is a modification of an existing deal worth $70.1 million for Lockheed Martin Aeronautics Co. in Fort Worth, Texas. This mod adds work to the Foreign Military Sales F-35 program for Romania, covering program management, logistics, and support, as well as systems engineering. The work will be carried out in various locations within the continental U.S. and overseas, with completion expected by November 2028. The contracting agency is the Naval Air Systems Command in Patuxent River, Maryland.

Australia has completed the contract for the acquisition of the first three of 11 modern military ships from Japan — a major defense deal aimed at strengthening the Royal Australian Navy while simultaneously signaling a change in Tokyo's role as a global exporter of military equipment.