21-06-2026 20:00 via ft.com

Wars trigger $12bn venture capital rush into defence tech

Funding this year has already surpassed 2025 total as soaring valuations fuel fears of a hype cycle
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Defense news



Credible deterrence requires a new Nato bank
Rheinmetall shares plunge after Germany scraps warship project
Berlin warship U-turn hits defence sector as KNDS heads to market
Dassault wins EU legal claim that private jets can be environmentally sustainable
Tankmaker KNDS starts process for listing in Paris and Frankfurt
Tankmaker KNDS kicks off process for listing in Frankfurt and Paris
US defence groups to meet Trump as missile production struggles
Germany set to scrap plans to build its biggest warship since second world war
Germany scraps plans to build its biggest warship since second world war
Germany reaches deal to buy 40% of Europe’s biggest tank maker
Italy open to Germany joining fighter jet project, says Leonardo chief
‘You’re dead’ — Europe’s SpaceX fights back against Musk prophecy
UK unveils prototype missiles for Ukraine with no US components
Hegseth unveils six-month review of US military presence in Europe
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