DefenseNews

Ukraine missile maker targets ‘game changer’ air defense system by 2027

Fire Point, maker of Ukraine’s Flamingo cruise missile, is in talks with European companies to launch a new air defense system by next year, a senior executive told Reuters, creating a low-cost alternative to the increasingly hard-to-get Patriot system. With governments seeking to defend their skies as the wars in Ukraine and Iran sow global instability, Fire Point’s co-founder and chief…
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DefenseNews

US F-15E fighter jet shot down over Iran

This is a developing story. A United States F-15E Strike Eagle fighter jet has been shot down by enemy fire over Iran, U.S. officials confirmed. One of the aircraft’s two crew members has been rescued, Israeli media first reported. U.S. officials confirmed the reports in statements to CBS News and Axios. A search for the second crew member is ongoing. White House Press Secretary Karoline…
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DefenseNews

US defense stocks see no Iran war lift after early surge

U.S. defense stocks have declined even as the Iran war drags on, indicating that the typical “buy-on-conflict” trade had largely peaked in the weeks before in anticipation of tougher action by President Donald Trump. The NYSE Arca Defense index, which includes 34 small and large-cap U.S. companies, fell nearly 8% in March, compared with the broader S&P 500’s 5% drop. In contrast, it had…
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DefenseNews

Ukraine claims near-90% air-defense success in March as attacks increase

PARIS — Ukraine claimed its air defenses were close to 90% effective in March in destroying or suppressing Russian targets, as both sides tout their successes in what has become one of the defining features of the war between the two countries: defending against massed attacks of drones and missiles. The air-defense interception rate has been steadily rising in recent months, according to data…
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