• Air Warfare

  Australia’s revised defence investment plan: what it means for air warfare

  17th April 2026

  The Australian government’s 2026 National Defence Strategy has unveiled a major spending uplift planned for the Royal Australian Air Force, focused on upgrading its air combat and intelligence, surveillance and reconnaissance capabilities, as well as upping investment in uncrewed aerial systems.

• Air Warfare

  FIA 2026: BAE unveils Brontanax for British and international CCA requirements

  22nd July 2026

  Designed for the UK Royal Air Force’s StormFighter requirement, the carrier-capable platform could also support Royal Navy operations and international customers within the estimated $77.08 billion air force CCA market.

• Land Warfare

  Could an outdated US Army organic industrial base threaten US readiness?

  19th March 2026

  The US Army’s organic industrial base still uses World War II production methods and technologies, leading to delays and cost overruns and limiting its ability to produce critical ammunition and maintain its ground fleet in operation.

• Air Warfare

  Bayraktar TB2: The $4.11 billion market success of a cost-effective MALE UAV

  22nd January 2026

  The success of the Bayraktar TB2 stems from it fulfilling a niche of providing reasonable capabilities at a low cost, leading to its acquisition by more than 30 countries including many in Africa; but there are reasons to be cautious about its potential future prospects.

• Air Warfare

  Scaling for diverse fleet needs: How many CCA will be acquired per crewed aircraft?

  23rd February 2026

  There is currently no industry standard in the ratio of uncrewed to crewed aircraft. Because collaborative combat aircraft vary widely in capability and crewed-uncrewed teaming availability, while country-specific requirements vary, it is unlikely that a single CCA configuration will meet all operational needs.

• Air Warfare

  Spain air focus: Demand builds with $19.7 billion up for grabs in unawarded contracts

  29th January 2026

  Despite Spain’s modest GDP spend on defence, the country still has a range of fixed-wing and UAV programme requirements as yet unawarded, with a potential US$3.10 billion set to be spent over the next decade.

• Naval Warfare

  Australia’s revised defence investment plan: what it means for naval warfare

  17th April 2026

  The 2026 Integrated Investment Program allocates up to A$130 billion for undersea warfare, committing the Royal Australian Navy to nuclear-powered submarines, autonomous platforms and an expanded surface combatant fleet over the next decade.

• Defence Notes

  US National Security Strategy prioritises advanced military capabilities and national industry

  9th December 2025

  The 2025 NSS has emphasised investment in the US nuclear and air defence inventory and national industry, but it leaves multiple unanswered questions on how the White House will implement this approach.

• Air Warfare

  Focus on economy over capability highlights the cost imperative for CCA success

  20th February 2026

  Striking the right balance between cost and capability is likely to become more crucial in the increasingly competitive collaborative combat aircraft market. Shephard’s special CCA market report examines where the opportunities lie for suppliers.

• 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

  Singapore Airshow 2026: Early adopters and big spenders point to UAV market opportunities

  27th January 2026

  While an estimated $37.99bn is still to be awarded across the Asia-Pacific uncrewed aerial vehicle market, the balance of potential future spending is unevenly split between various countries, with significant opportunities to be found in the collaborative combat aircraft space.

• Air Warfare

  Singapore Airshow 2026: Rafael highlights tailored effector solutions for different operational needs

  10th February 2026

  Shephard spoke with Rafael’s CEO about the company’s effector offerings as well as his perspective on one-way attack drones.

• Naval Warfare

  Eurosatory 2026: Red Cat eyes South American market for USV-led EEZ surveillance

  18th June 2026

  Success with the US Army’s Black Widow programme may have strengthened Red Cat’s international position, but executives believe the next growth opportunity lies in uncrewed surface vessels.

• Land Warfare

  Snow patrol and access all areas: the Arctic all-terrain vehicles market grows

  6th August 2026

  The procurement and planned procurement of articulated tracked all-terrain vehicles is being driven by a need to replace older platforms and an acknowledgement of a capability gap for Arctic regions.

• Land Warfare

  UK Defence Investment Plan: What does it mean for the British Army?

  30th June 2026

  The UK’s Defence Investment Plan splurges big for future air and naval programmes, including new hybrid ships, but there are fewer big-ticket items for British Army vehicles. Shephard’s Damian Kemp looks at the much delayed plan.

Programme Results - Defence Insight

• APCs/IFVs - tracked

  Tracked Support Vehicle [Spain]

  Background Requirement Spain has an inventory of ageing M113s in various configurations, at least 20 of which were transferred to Ukraine in 2022. According to ...

• APCs/IFVs - 8x8

  VCR (Batch 3) [Spain]

  Background Purpose The VCR programme is to replace several legacy wheeled and tracked vehicles currently in service with the Spanish Army, including the BMR-600 6x6, ...

• APCs/IFVs - 8x8

  VCR (Batch 1) [Spain]

  Background Purpose The VCR programme is to replace several legacy wheeled and tracked vehicles currently in service with the Spanish Army, including the BMR-600 6x6, VEC-M1 ...

• APCs/IFVs - 8x8

  VCR (Batch 2) [Spain]

  Background Purpose The VCR programme is to replace several legacy wheeled and tracked vehicles currently in service with the Spanish Army, including the BMR-600 6x6, ...

• Medium Range Missile Defence Systems: 20-90km range

  Cheongung Block II [South Korea]

  Background South Korea launched a plan to convert its Cheongung-I systems to the M-SAM Block II configuration. It was announced in July 2025 that it ...

• Main battle tanks

  Al-Khalid-I

  Programme Background Pakistan operates a vast fleet of Chinese and Ukrainian MBTs primarily aimed at deterring regional rivals such as India. In order to build ...

• Military UAS - MALE

  Wing Loong I [Eygpt]

  Programme Background SIPRI According to data from the Stockholm International Peace Research Institute (SIPRI), in 2016, Eygpt ordered around 10 Wing Loong I aircraft from China, which were ...

• Landing platform docks/dock landing ships

  San Antonio LPD 17 Flight I [USN]

  The LPD 17 Flight I ships are the first flight of the San Antonio-class Landing Platform Docks (LPD). Procured between FY1996 and FY2017, the vessels ...

• Submarines: conventional/attack

  KSS-III (Boats 1-3) [South Korea]

  Programme Background Timeline The new KSS-III Dosan Ahn Chang-Ho-class submarines for the Republic of Korea Navy (RoKN) are a significant advance on the earlier KSS-II ...

• LTVs - 4x4

  Light Forces Enhancement [Canada]

  Background The LFE programme was first launched in 2020 with the intention of providing the Canadian army with new light mobility platforms that could rapidly ...

• Main battle tanks

  Al-Khalid-II

  Programme Background Pakistan operates a vast fleet of Chinese and Ukrainian MBTs primarily aimed at deterring regional rivals such as India. In order to build ...

• Military UAS - micro

  Soldier Borne Sensor (SBS) (Phase II) [USA]

  Programme Background Requirement The Soldier Borne Sensor (SBS) provides short-range day and night ISR to US Army units at the squad, platoon and other small ...

• Fast attack/patrol craft and interceptors

  PKX-B Batch II (1-4) [South Korea]

  Background Contracts award On 24 November 2022, HJ Heavy Industries was awarded a contract worth KRW212 billion ($160 million) to build four PKX-B Batch-II fast attack craft ...

• Fast attack/patrol craft and interceptors

  PKX-B Batch II (5-8) [South Korea]

  Programme Background Contracts Award On 24 November 2022, HJ Heavy Industries was awarded a contract worth KRW 212 billion ($160 million) to build four PKX-B ...

• Fast attack/patrol craft and interceptors

  PKX-B Batch II (13-22) [South Korea]

  Programme Background Contracts Award On 24 November 2022, HJ Heavy Industries was awarded a contract worth KRW212 billion ($160 million) to build four PKX-B Batch-II ...

Equipment Results - Defence Insight

• Land: tactical engagement simulators

  ITAS-TESS

  The Improved Target Acquisition System – Tactical Engagement Simulation System (ITAS-TESS) is a laser-based system designed to conduct simulated weapons engagement during crew and collective ...

• Land: tactical engagement simulators

  Field Artillery Training Systems

  The ICE Field Artillery Training Systems for the M109A6 Paladin and M270/M270A1 MLRS provides instrumented real-time data and performance monitoring during training and live-fire missions. ...

• Air: helicopter flight simulators

  TESS

  The Tactical Engagement Simulation System (TESS) is a transparent training instrumentation system designed for the AH-64 Apache Longbow Force-on-Force collective training for live aerial gunnery ...

• Land: tactical engagement simulators

  MANWORN II DPU

  The MANWORN II Dismounted Player Unit (DPU) is a flexible position location tracking system suitable for individual through brigade-level training. MANWORN II DPU features GPS ...

• Land: vehicle simulators

  LETS

  The US Army maintains a large fleet of locomotives and rail vehicles throughout the US to facilitate the movement of equipment and supplies and provides ...

• Land: tactical engagement simulators

  SMODIM

  ICE's Smart Onboard Data Interface Module (SMODIM) integrates with aircraft and ground vehicles to provide collective force-on-force participation and weapons systems training. SMODIM is the ...

• Air: mission management systems

  I-C2F

  The Integrated Command and Control Framework (I-C2F) provides an end-to-end C2 architecture delivering J1-J9 functionality across the joint battlespace. As well as C2 messaging and ...

• Air-to-air missiles, Surface-to-air missiles

  I-Derby ER

  Rafael Advanced Defense Systems developed the I-Derby ER missile as an extended-range evolution of the earlier Derby and I-Derby missiles. Building on the proven foundation ...

• Sea: tactical training

  Sub Command

  Sub Command was developed by Sonalysts, released in 2001, and published by Electronic Arts. Sub Command continues the legacy of 688(I) Hunter/Killer. The player takes ...

• Light UGVs

  TMR-I MTF

  The Elektroland TMR-I MTF is the larger of the TMR-I platforms offered by the company at twice the weight of the TMR-I Khan (see separate ...

• Military UAS - small

  Carcará I

  Carcará I is a simple flying-wing UAV developed to meet Brazilian Army specifications for an unmanned platform to provide tactical reconnaissance at platoon level. A ...

• Air: mission management systems

  I-TaCCS

  Integrated Tactical Command and Control Services (I-TaCCS) is a secure, scalable C2 system. Core applications of I-TaCCS are used by several countries, allowing interoperability within ...

• Air: Defensive Systems - Radar Warning Receivers

  SIR-S/I

  The SIR-S/I, manufactured by Leonardo, is a Mode-S secondary surveillance radar. The SIR-S/I is primarily operated for the detection of cooperative targets in air traffic control, ...

• Air: chaff/flare/decoy systems

  BriteCloud

  Leonardo's BriteCloud is a digital radio frequency memory (DRFM) expendable active decoy (EAD). The device is designed to disrupt incoming missiles' RF tracking systems and ...

• Military UAS - small

  Skylark I-eVTOL

  The Skylark I-eVTOL is, as its name suggests, an electric-powered VTOL capable development of the Skylark I. Manufactured by Elbit Systems, the drone can be controlled ...