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Substrate placeholder — needs reviewIsrael Aerospace Industries announced a new naval defense system called Diamond on May 20. The concept uses containerized modules on existing ships and smaller vessels to add missiles, sensors, and loitering munitions.
Breaking DefenseGerman defense firm Rheinmetall reported €1.9 billion in first-quarter 2026 sales, an 8 percent increase from a year earlier. The company disclosed initial results from its new naval systems unit following the acquisition of Naval Vessels Luerssen, with a €5.5 billion order backl…