• Air Warfare

  Dormant helicopter programmes in Africa and Asia present opportunities

  31st March 2026

  Growing capability gaps caused by ageing Soviet-era platforms in Africa and Asia are creating opportunities, as disrupted supply chains and sanctions open the door for Western manufacturers to expand into these markets.

• Naval Warfare

  Russia’s uncrewed boat portfolio hints at future naval demand

  7th September 2026

  Ukrainian intelligence has catalogued more than 20 Russian uncrewed surface vessels, revealing a portfolio weighted towards mine warfare and logistics, with implications for Western naval investment.

• Defence Notes

  Ukraine turns legacy Kongsberg land turrets into semi-autonomous USV weapons

  23rd September 2026

  The company told Shephard that Ukraine is operating modified Protector weapon stations originally supplied for armoured vehicles, with human operators authorising engagements from hundreds of kilometres away.

• Air Warfare

  FIA 2026: Anduril pitches Thunder as force multiplier for Boeing’s AH-64 Apache

  20th July 2026

  Anduril has revealed Thunder, an autonomous tiltrotor rotorcraft designed as a loyal wingman for the Boeing Apache attack helicopter, ahead of Farnborough International Airshow 2026.

• Air Warfare

  Eastern European helicopter modernisation could open doors for Western manufacturers

  19th March 2026

  With some Eastern European countries already upgrading their helicopter fleets to incorporate Western technology, the region presents potential future opportunities for defence companies.

• Naval Warfare

  Latest Russian subsea standoff puts pressure on the UK’s seabed defence strategy

  14th April 2026

  UK defence secretary John Healey’s exposure of a covert Russian deep-sea operation against undersea infrastructure in the Atlantic validates the Royal Navy’s Atlantic Bastion concept but lays bare a capacity gap that autonomous systems, allied integration and sustained investment must close.

• Land Warfare

  Self-propelled howitzers are driving the European artillery renaissance

  21st July 2026

  After decades of force reductions as artillery was deprioritised, Europe is now undergoing an artillery renaissance as governments across the continent scramble to invest in new capabilities in response to the war in Ukraine.

• Land Warfare

  World Defense Show 2026: Rostec unveils new infantry fighting vehicle

  9th February 2026

  The latest infantry fighting vehicle from Rosoboronexport draws on experience from the war in Ukraine, and is designed to be more lethal and more survivable than its predecessors.

• Air Warfare

  Germany acquires additional 20 H145M helicopters

  15th December 2025

  The order for the extra helicopters comes from an agreement penned in December 2023, with the German Army receiving the bulk of the platforms.

• Land Warfare

  Romania selects Rheinmetall Lynx IFV as local defence manufacturing expands

  8th May 2026

  As part of a multi-billion-dollar vehicle and artillery overhaul, Romania has officially selected the KF41 Lynx IFV to replace its ageing Soviet-based platforms.

• Land Warfare

  Russia tries to keep BMP-3 relevant with new weapon options

  1st July 2026

  New iterations of a 57mm gun system highlight a push towards multi-role turrets capable of countering armour, drones and aerial targets.

• Air Warfare

  Peru’s air combat modernisation effort opens up $2.5 billion market opportunity

  22nd May 2026

  The latest purchase of F-16V combat aircraft comes as the country presses ahead with its long-held plans to modernise its air combat capabilities and invest in the replacement of ageing Russian aircraft.

• Air Warfare

  FIA 2026: Gripen marks operational milestone as Ukraine deal moves forward

  20th July 2026

  At the end of June, Ukraine and Sweden signed a landmark deal which calls for a first batch of used Gripen C/Ds to be delivered from 2027, followed by the more advanced Gripen E.

• Naval Warfare

  UK ‘Hybrid Navy’ steps up as Norway cooperation reinforces Arctic strategy

  13th February 2026

  As Russia commits billions to new warships and stealth submarines, the UK is reshaping its strategy with expanded troop deployments, shared frigate fleets and a shift towards uncrewed platforms.

• Land Warfare

  World Defense Show 2026: Russia reveals details of new loitering munition

  11th February 2026

  The Kalashnikov RUS-PE cannister-launched man-portable loitering munition was displayed as a model at World Defense Show 2026 with a company official telling Shephard it was “in service and in low-rate initial production”.

Programme Results - Defence Insight

• Military helicopters - attack

  Mi-28UB - Russia

  Programme BackgroundThe Russian MoD plans to acquire up to 60 Mi-28UB aircraft for the Russian Air Force by mid-2020s. Moscow signed a contract with Russian Helicopters ...

• Military helicopters - attack

  Mi-28UB - Forecast [Russia]

  Programme Background The Russian MoD plans to acquire up to 60 Mi-28UB aircraft for the Russian Air Force by mid-2020s. Moscow signed a contract with Russian ...

• Military helicopters - maritime

  Ka-52K Katran [Russia]

  Programme Background The Ka-52K Katran is a navalised version of the Ka-52 Alligator reconnaissance and attack helicopter.  The history of the Ka-52K is aligned with ...

• Military helicopters - multirole

  UH-60A [Portugal]

  Programme Background At the end of February 2025, the Portuguese Minister of National Defence said that as part of the Portuguese Army's Support, Protection & ...

• Military helicopters - light/training

  AW119Kx [Bosnia and Herzegovina]

  Programme Background  In May 2025, the U.S. State Department approved an FMS to Bosnia and Herzegovina for approximately $100 million including 8 AW119Kx helicopters and a ...

• Military helicopters - transport/heavy lift

  Mi-26T2 Halo [Russia]

  Programme Background The original Mi-26 was initially revealed to the West at the Paris airshow in June 1981. In terms of carrying capacity (weight and ...

• Military helicopters - multirole

  UH-1Y Venom (Czechia)

  Programme Background Czech Armed Forces intended to use the UH-1Y Venom helicopters in various missions including utility, search and rescue, aerial reconnaissance, air-to-ground support and ...

• Military helicopters - multirole

  CH-47D Replacement [Thailand]

  Programme Background The RTA divested its six Boeing CH-47D Chinooks after failing to sell the 25-year-old aircraft on the second-hand market. Thailand found Chinook maintenance ...

• Military helicopters - attack

  Ka-52 Alligator [Egypt]

  Methodology PGO As this programme has been contracted with deliveries completed, the PGO is 100%.  Units required A total of 46 Ka-52 Alligator were required ...

• Military helicopters - attack

  T129 (Nigeria)

  Programme Background Requirement The Nigerian Air Force has an ongoing requirement for attack helicopters in order to assist the country's ongoing counter-insurgency operations. Nigeria already ...

• Military helicopters - multirole

  Ka-226T- Air Force [India]

  Programme Background India had operated a diverse and antiquated fleet of helicopters to support its high-altitude operations along contested borders with China and Pakistan. Reducing ...

• Military helicopters - transport/heavy lift

  Mi-26T2 [Jordan]

  Methodology PGO As this programme is complete, the PGO is 100%. Units required A total of four Mi-26T2 units were required through this programme.  Unit cost ...

• Military helicopters - maritime

  Naval Utility Helicopters [India]

  Programme Background The programme would have involved the formation of a joint venture between Hindustan Aeronautics Limited (HAL) and another local or foreign manufacturer. In June ...

• Military helicopters - multirole

  Ka-226T - Army [India]

  Programme Background India had operated a diverse and antiquated fleet of helicopters to support its high-altitude operations along contested borders with China and Pakistan. Reducing ...

• Military helicopters - transport/heavy lift

  Heavy-lift Helicopter STH [Germany]

  Background Requirement The German government issued a tender in March 2019 for the procurement of heavy-lift helicopters under the Schwerer Transporthubschrauber (STH) program, 60 units are ...

Equipment Results - Defence Insight

• Military helicopters - transport/heavy lift

  Mi-38

  Russian Helicopters' Mi-38 medium-lift helicopter is designed to compete with the Leonardo AW101 and Sikorsky S-92 in both the civil and military markets. The first ...

• Military helicopters - attack

  Mi-28UB

  Russian Helicopters unveiled the Mi-28UB rotorcraft at the International Aviation and Space Salon (MAKS 2013) exhibition. As the combat training modification of the Mi-28NE Night ...

• Military UAS - tactical

  BAS-750

  The BAS-750, or БАС-750, is a rotary-wing UAS unveiled at Army 2022 by Russian Helicopters. Described as a multifunctional UAV, it can host various payloads to complete several mission ...

• Air-to-air missiles

  9M39 Igla-V

  The 9M39 Igla-V (‘needle’) is a Russian IR homing SAM adapted for helicopter use. It is an air-launched version of the Igla MANPADS, which the ...

• Military helicopters - attack

  Mi-28N/Mi-28NM

  The Mi-28N is a Russian attack helicopter manufactured by Russian Helicopters for use by the Russian Armed Forces. The helicopter is twin-engined with tandem seating ...

• Air: Helmet-mounted displays

  NSTsI-V

  Developed by KRET, the NSTsI-V is a helmet-mounted targeting and display system for pilots. The system projects an image onto the transparent screen in front of ...

• Military helicopters - multirole

  Ansat

  The Ansat is a light, multipurpose, twin-engine helicopter designed and built by Kazan Helicopters. The helicopter is able to carry up to six fully equipped troops, ...

• Helicopter guns

  YAK-B

  The YAK-B is a four-barrel 12.7x108mm Gatling gun. The system is remotely controlled, using a gas-operated mechanism, and offers a high rate of fire. It ...

• Military helicopters - multirole

  Mi-171Sh

  The Mi-8AMTSh (domestic)/Mi-171Sh (export) is a civil and military transport helicopter that was developed from the Mi-8MT/Mi-17 by the Mil Moscow Helicopter Plant. The type is built ...

• Air: Electronic Attack - Jamming

  Rychag-AVM

  KRET’s Rychag-AVM radio frequency jammer is designed to perform electronic attack against hostile communications and radar systems. The Rychag-AVM ensemble is mounted onboard dedicated Mil ...

• Air: surveillance and maritime patrol radar

  Kopyo-A

  The Kopyo-A is a Russian, multipurpose radar intended for deployment on helicopters. It is designed for coastal monitoring, search and detection of sea surface and ground ...

• Land: RWS

  Nanuk Russian

  Rheinmetall Canada's Nanuk RWS family includes this variant for non-NATO weapons, which combines full stabilisation, long-range day/night all-weather sights and a versatile weapon cradle that ...

• Land: RWS

  Qimek Russian

  Rheinmetall's Qimek single-weapon RWS family includes a variant for non-NATO weapons, which combines full stabilisation, long-range day/night all-weather sights and a versatile weapon cradle for ...

• Military helicopters - attack, Military helicopters - multirole

  Mi-35M

  The Mi-35M is a multirole combat helicopter used for ground attack, assault and cargo transport. It is the current production version of Rostvertol's Mi-24/35. Designed ...

• Helicopter guns

  GSh-23L

  The GSh-23 is a 23mm double-barrelled aircraft gun designed by KBP Instrument Design Bureau. The gun is designed to fire fragmentation mines, armour-piercing explosives and ...