Defense And Aerospace Stocks Breaking News As Global Spending Continues

(MENAFN- Investor Ideas) Investorideas , a top rated investment site for investment and trading ideas for aerospace and defense Stocks issues a daily news summary for the sector.

As global spending in the sector continues to rise, fuelled by Europe's recent surge in military spending the sector is still one to watch,

Defense and Aerospace News Summaries - March 13, 2025

Oceaneering International, Inc. (NYSE:OII )

Oceaneering announced that its Aerospace and Defense Technologies (ADTech) segment has been awarded a multi-year contract by the U.S. Department of Defense to design, build, test, and deliver a maritime mobility system. Described as the largest initial contract value in Oceaneering's history, this award strengthens its position in the defense sector, with work to be performed across multiple U.S. facilities.

Vertical Aerospace (NYSE:EVTL )

Vertical Aerospace strengthened its test pilot team with the appointment of Paul Stone as Head of Flight Operations and Test. Stone, a former Royal Navy aviator with over 20 years of experience, previously served as Chief Test Pilot at Lilium. His expertise will support Vertical's eVTOL aircraft development and certification efforts, advancing the company's goal of sustainable urban air mobility.

KULR Technology Group, Inc. (NYSE: KULR )

KULR announced that its NASA-certified M35A battery cells were selected by a leading private U.S. space company for an upcoming space mission. The selection underscores KULR's role in providing safe, high-performance energy solutions for aerospace applications, with the M35A cells meeting stringent safety and reliability standards for spaceflight.

Huntington Ingalls Industries, Inc. (NYSE:HII )

HII was awarded a $182 million contract by the U.S. Air Force to provide pilot training support for the nation's combat-ready force. The contract, managed by HII's Mission Technologies division, includes training services, courseware development, and logistics support, ensuring aircrew readiness for operational missions across multiple platforms.

ZenaTech, Inc. (NASDAQ:ZENA )

ZenaTech expanded its ZenaDrone team by adding 35 engineers and technicians to meet growing drone production and manufacturing capacity needs. The expansion supports ZenaDrone's focus on AI-powered drones for defense and commercial applications, including the ZenaDrone 1000, which is undergoing trials for U.S. military use and pursuing NDAA compliance.

Kraken Robotics Inc. (TSXV: PNG ) (KRKNF)

Kraken Robotics announced the acquisition of 3D at Depth, a U.S.-based company specializing in subsea LiDAR and metrology services, expanding Kraken's U.S. footprint. The acquisition enhances Kraken's capabilities in underwater 3D imaging and data analytics, supporting defense and offshore energy applications with advanced seabed intelligence solutions.

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