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GoPro explores defense and may sell itself as layoffs deepen and stock stalls

GoPro explores defense and may sell itself as layoffs deepen and stock stalls

GoPro, once a consumer-tech darling, is shifting from action cameras to potential defense and aerospace work as it weighs strategic options that include a possible sale. The company’s board said it received unsolicited inquiries spanning defense, consumer, and financial parties, while earlier attempts to pivot to defense briefly lifted its stock before it slid again. Sales have been falling, losses rising, and GoPro has cut about a quarter of its workforce, leaving fewer than 600 employees.

Summarised by Beize from a story on TechCrunch on 16 May 2026
Trump claims US could hit every Iran target in two weeks amid NATO criticism

Trump claims US could hit every Iran target in two weeks amid NATO criticism

Donald Trump said in an interview that Iran is “militarily defeated” and that the US could strike every single target in just two weeks. He questioned NATO, calling it a “paper tiger” for not supporting the campaign against Tehran, which began with US and Israeli strikes on February 28.

Summarised by Beize from a story on The Economic Times on 10 May 2026

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Applied Aerospace and Defense files for US IPO after nearly 25% revenue surge

Applied Aerospace and Defense files for US IPO after nearly 25% revenue surge

Applied Aerospace and Defense, a private equity backed government contractor, has filed for a U.S. IPO after reporting a 24.8% revenue jump to $498.8 million in 2025. The company posted a $17 million net loss, but investors are watching its strong growth and its position supplying critical defense hardware.

Summarised by Beize from a story on The Economic Times on 8 May 2026
US contractor Peter Williams ordered to pay 10 million after selling hacking tools to Russia

US contractor Peter Williams ordered to pay 10 million after selling hacking tools to Russia

A US court has ordered former cybersecurity executive Peter Williams to pay $10 million to his former employers after he stole surveillance and hacking tools. Williams allegedly sold the tools for $1.3 million to a Russian broker linked to Putin’s government. The ruling underscores how internal theft can directly fuel foreign cyber operations and raises questions about tool accountability and oversight.

Summarised by Beize from a story on TechCrunch on 8 May 2026
Pentagon unveils UFO files on a new war gov portal with videos and documents

Pentagon unveils UFO files on a new war gov portal with videos and documents

The Defense Department has released a new collection of UFO-related materials on war.gov/ufo, including images, videos, and documents. The move puts a curated archive directly in public view, offering new details and context around previously classified or little-seen sightings. Officials say the content has been made available as part of the government’s transparency push.

Summarised by Beize from a story on TechCrunch on 8 May 2026
Russia shoots down 347 Ukrainian drones across 20 regions including Moscow

Russia shoots down 347 Ukrainian drones across 20 regions including Moscow

Russia says it destroyed 347 Ukrainian drones in an overnight strike spanning more than 20 regions, including Moscow, according to its Defense Ministry. Officials call it Ukraine’s second-biggest aerial attack since the all-out invasion began over four years ago. The highest toll came last March, when Ukraine launched 389 drones.

Summarised by Beize from a story on The Economic Times on 7 May 2026

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Upwind Expands in India as Cloud Cyberattacks Surge From Defense and Government

Upwind Expands in India as Cloud Cyberattacks Surge From Defense and Government

US cloud security firm Upwind is ramping up operations across India and Asia-Pacific, betting on a sharp rise in defense and government demand driven by cyber warfare shifting to cloud systems. The company plans local infrastructure and partnerships, and says a new Pune development center will bolster its global engineering capacity as it targets India as a key growth market.

Summarised by Beize from a story on The Economic Times on 7 May 2026
HawkEye 360 IPO prices at top end as space analytics surges to 2.42 billion value

HawkEye 360 IPO prices at top end as space analytics surges to 2.42 billion value

Space analytics firm HawkEye 360 raised $416 million in its U.S. IPO by pricing shares at $26 each, the top of its target range. That valuation places the company at roughly $2.42 billion, signaling growing investor appetite for defense-linked and space-tech businesses as IPO activity gains momentum.

Summarised by Beize from a story on The Economic Times on 7 May 2026
India and Vietnam sign 13 MoUs to deepen defense and digital payments ties

India and Vietnam sign 13 MoUs to deepen defense and digital payments ties

India and Vietnam have upgraded their relationship to an Enhanced Comprehensive Strategic Partnership, signing 13 MoUs spanning defense and economic cooperation. The deal includes moves on banking and digital payments, with both sides seeking to lift bilateral trade to $25 billion by 2030. Central bank coordination and payment-system linking are central to strengthening financial connectivity.

Summarised by Beize from a story on The Economic Times on 6 May 2026
Twelve Indian firms pledge 1.1 billion in US investments to create 1500 jobs

Twelve Indian firms pledge 1.1 billion in US investments to create 1500 jobs

Twelve Indian companies announced more than $1.1 billion in new investment plans in the United States, spanning aerospace, defense, energy, and AI. The commitments are expected to generate around 1,500 jobs, with Abhyuday Group and Sterlite Technologies Limited among the biggest contributors. The announcements were made at the SelectUSA Investment Summit.

Summarised by Beize from a story on The Economic Times on 6 May 2026

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US launches Project Freedom after Hegseth says Iran is aggressor in Strait of Hormuz

US launches Project Freedom after Hegseth says Iran is aggressor in Strait of Hormuz

The US has issued a hard warning to Iran over behavior in the Strait of Hormuz, with Defence Secretary Pete Hegseth calling Iran the aggressor. Washington is launching Operation Project Freedom to protect safe passage through the strategic waterway and says it will respond with significant retaliation if Iran continues harassing ships.

Summarised by Beize from a story on The Economic Times on 5 May 2026
US deployed Apache attack helicopters to target Iranian small boats in Strait of Hormuz CENTCOM

US deployed Apache attack helicopters to target Iranian small boats in Strait of Hormuz CENTCOM

CENTCOM says it deployed Sea Hawk and Apache helicopters in the Strait of Hormuz to “eliminate Iranian small boats” it claims threaten commercial shipping. The action is part of “Project Freedom,” using more than 100 aircraft from land bases and two carriers to escort vessels and help reopen the waterway after renewed security concerns in the region.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Embraer eyes more Middle East defense deals after UAE orders C390 cargo planes

Embraer eyes more Middle East defense deals after UAE orders C390 cargo planes

Embraer expects more defense aircraft deals across the Middle East after the UAE placed a major order for its C-390 military cargo planes. The company’s defense chief said the region’s strategic value and government-to-government procurement channels could help expand the C-390’s list of operators, with further orders potentially following the UAE momentum.

Summarised by Beize from a story on The Economic Times on 5 May 2026
US launches Strait of Hormuz defense destroying six Iranian boats and stopping drones and missiles

US launches Strait of Hormuz defense destroying six Iranian boats and stopping drones and missiles

The U.S. military began an operation to keep shipping safe through the Strait of Hormuz, destroying six Iranian small boats and intercepting drones and cruise missiles. Admiral Brad Cooper said the operation successfully countered ongoing IRGC interference efforts. He described the protection strategy as a multi-layered defensive arrangement, not traditional escorted convoys.

Summarised by Beize from a story on The Economic Times on 4 May 2026

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Pentagon Signs AI Deals with 8 Tech Giants and Startups for Classified War Networks

Pentagon Signs AI Deals with 8 Tech Giants and Startups for Classified War Networks

The Pentagon confirmed it has signed agreements with eight AI companies, including Google, Microsoft, AWS, Nvidia, OpenAI, Oracle, Reflection, and SpaceX, to deploy their technologies on IL6 and IL7 classified networks. The plan runs through GenAI.mil, now used by 1.3 million personnel, aiming to speed decisions from months to days—while raising alarms over targeting, surveillance, and commander overreliance.

Summarised by Beize from a story on IndianWeb2 on 4 May 2026
Modi hails GalaxEye Mission Drishti with world first OptoSAR satellite entering orbit

Modi hails GalaxEye Mission Drishti with world first OptoSAR satellite entering orbit

Prime Minister Narendra Modi praised GalaxEye’s Mission Drishti after its OptoSAR satellite entered orbit, combining electro-optical imaging with radar in a world-first design. The data is expected to support defense, agriculture, and disaster management. GalaxEye also plans to build a constellation of 10 satellites by 2030 to boost India’s earth observation capabilities.

Summarised by Beize from a story on The Economic Times on 3 May 2026
Pentagon signs deals with seven AI firms to power secure battlefield decisions

Pentagon signs deals with seven AI firms to power secure battlefield decisions

The Pentagon has reached agreements with seven leading AI companies to embed advanced models into the Defense Department’s secure networks. The goal is to improve soldiers’ decision-making through faster, better data analysis, marking a shift toward an AI-first military. The rollout also highlights tighter security scrutiny, with Anthropic facing restrictions.

Summarised by Beize from a story on The Economic Times on 1 May 2026
Iran claims a mystery weapon and US weighs deploying Dark Eagle hypersonic missile nearby

Iran claims a mystery weapon and US weighs deploying Dark Eagle hypersonic missile nearby

With tensions rising in the Middle East, the US is reportedly weighing whether to position its Dark Eagle hypersonic missile in the region. The move follows Iranian claims about a revolutionary “mystery weapon” that could reshape military balance. Analysts say both sides are using deterrence messaging as the situation around key waterways stays volatile.

Summarised by Beize from a story on The Economic Times on 1 May 2026

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Firestorm Labs raises 82 million to build drone factories in shipping containers

Firestorm Labs raises 82 million to build drone factories in shipping containers

Defense startup Firestorm Labs has raised $82 million with a bold plan: move drone manufacturing to the front lines by packing production lines inside shipping containers. The approach aims to make hardware output faster, more local, and more resilient during operations—turning factories into deployable assets instead of fixed facilities.

Summarised by Beize from a story on TechCrunch on 29 Apr 2026
Scout AI raises 100 million to train war-ready agent models and boots-on-ground autonomy

Scout AI raises 100 million to train war-ready agent models and boots-on-ground autonomy

Scout AI just raised $100 million to train AI models aimed at battlefield use, and Tech company reporters visited its bootcamp-like training ground. The focus is on AI agents designed to give individual soldiers control over fleets of autonomous vehicles—turning coordination into software-driven autonomy. The effort signals how quickly agentic AI is moving from lab demos to military operations.

Summarised by Beize from a story on TechCrunch on 29 Apr 2026
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