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Defence

Global Defence News

Redwire secures $21.5 million Marine Corps drone contract extension through PAE RAS

Army

Florida-based defense contractor Redwire has secured a $21.5 million follow-on order to supply the U.S. Marine Corps with upgraded and standard Stalker Block 30 uncrewed aerial systems, bolstering tactical reconnaissance capabilities.

SDA awards L3Harris Technologies contract for 18 tracking satellites to bolster US missile defense

Parsons subsidiary secures $245 million IDIQ contract from US Naval Research Laboratory for space command systems

Finance & Banking News

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Global Energy & Power News

EXCLUSIVE

EnQuest extends CB&I contract for late-life Kittiwake platform transition in UK North Sea

Independent energy producer EnQuest has extended its contract with CB&I’s Asset Solutions business to manage the Kittiwake platform in the UK North Sea. The revised agreement shifts the firm's mandate from late-life asset management to overseeing the cessation of production and the eventual decommissioning of the facility.

Breaking Headlines

OIL & GAS

Kent secures major Aramco agreements to bid for Saudi energy engineering contracts

RENEWABLE ENERGY

EIB commits €450 million to OMV for 140 MW green hydrogen facility in Lower Austria

RENEWABLE ENERGY

Grasim subsidiary expands green footprint via INR 172 billion acquisition of Sprng Energy

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JERA Ventures backs Quaise Energy to advance deep geothermal technology

MERGERS & ACQUISITIONS

Abu Dhabi's ePointZero enters US natural gas market with $2.25 billion Traverse Midstream acquisition

ePointZero has completed a $2.25 billion all-cash acquisition of Traverse Midstream Partners. The deal marks the Abu Dhabi platform's first entry into the US energy infrastructure market, securing significant non-operated minority stakes in critical Appalachian Basin pipeline systems network.

Technology & AI

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TekSynap secures landmark USITC modernization contract in first-ever Alliant 3 task order

The U.S. International Trade Commission has selected TekSynap for a five-year contract to modernize and manage its enterprise information technology infrastructure. Valued as the inaugural task order under the GSA's premier Alliant 3 vehicle, the agreement secures the contractor's first-mover advantage in a major federal procurement channel.

Indian GovTech firm CSM Tech secures INR 32.08 million World Bank-funded contract in Malawi

India-based CSM Technologies has won an INR 32.08 million contract to develop an electronic auctioning platform for Malawi's Public Private Partnership Commission.

Kent Data Centres enters strategic pact with Aurora Energy Valley for Finnish AI campuses

Kent Data Centres has secured a strategic ecosystem agreement with Finland's Aurora Energy Valley. The partnership establishes Kent as the lead design and development collaborator for upcoming AI Campus initiatives, beginning with a flagship facility in Lohja Muijala aimed at setting regional standards for digital infrastructure.

Ceragon expands Latin American footprint with $3.4 million managed services win in Mexico

Ceragon Networks has secured a two-year, $3.4 million multivendor managed services contract with a major mobile operator in Mexico to support approximately 2,290 network links, building on its recent operational expansions across Latin America.

Transportation News

Switzerland

Global shipping fleet expansion drives EUR 7 million shore power contract for Cavotec

Cavotec has secured a EUR 7 million agreement to retrofit container vessels with shore power systems for a global shipping operator. The latest award expands an ongoing fleet electrification program, reflecting increasing investment in emissions-reduction technologies as maritime regulations and port sustainability requirements continue to evolve.

France

SNCF signs nine-figure transit communications deal with Kontron Transportation

France's national railway operator has awarded a major long-term service contract worth hundreds of millions of euros to Kontron Transportation.

India

Innovision secures 2.05 billion INR NHAI contract for toll operations in Rajasthan

Innovision Limited has secured a domestic toll fee collection and facility maintenance contract worth 2.05 billion INR from the National Highways Authority of India.

Georgia

TAV Georgia launches $150 million Tbilisi airport expansion to anchor Caucasus transit growth

TAV Georgia has commenced a $150 million expansion of Tbilisi International Airport to double its annual capacity to 10 million passengers by 2028. The project addresses surging traffic, which neared design limits in 2025, and aims to substantially boost aviation revenues and regional connectivity.

India

AAI advances ₹45 billion infrastructure upgrade across 14 regional airports to accommodate Indian aviation growth

The Airports Authority of India is progressing with the completion of terminal expansions across 14 domestic airports by the end of 2026. Backed by a ₹45 billion capital expenditure plan, the infrastructure overhaul aims to support aggressive fleet expansions by Indian carriers and enhance regional connectivity.

Turkey

EBRD commits $41 million for new Panamax-sized floating dock at Türkiye's Tersan Shipyard

The European Bank for Reconstruction and Development (EBRD) has sanctioned a $41 million loan to Turkish shipbuilder Tersan. The funding will finance a new Panamax-sized floating dock in Yalova, expanding the shipyard's capacity for green retrofitting, vessel repairs, and decarbonisation upgrades to meet stricter maritime environmental regulations.

United Arab Emirates

Dubai RTA awards AED 2 billion contract for Latifa bint Hamdan Corridor to expand east-west urban mobility

Dubai’s Roads and Transport Authority (RTA) has commissioned a major AED 2 billion infrastructure initiative to develop the 12-kilometer Latifa bint Hamdan Corridor. Scheduled for completion in late 2028, the project will significantly enhance east-west traffic flow, linking key highways while supporting the emirate's broader economic and urban expansion strategies.

United Arab Emirates

ADNOC L&S secures USD 900 million LNG carrier deal to advance Abu Dhabi's global energy trading strategy

Abu Dhabi-listed ADNOC Logistics & Services has ordered four next-generation LNG carriers from China's Jiangnan Shipyard for approximately USD 900 million. Scheduled for delivery in 2029, the expansion supports the state-backed energy group's long-term strategy to scale its global gas marketing and trading operations to 47 million tonnes annually by 2035.

India

Innovision Limited secures NHAI contract for Subgavhan Toll Plaza worth ₹1.43 billion

Innovision Limited has been awarded a one-year contract by the National Highways Authority of India (NHAI) for user fee collection and facility maintenance at the Subgavhan Toll Plaza in Maharashtra, valued at approximately ₹1.43 billion (USD 14.97 million).

Slovakia (Slovak Republic)

City of Košice announces EUR 55.38 million procurement notice for MET tram lines modernization

The City of Košice is advancing an EUR 55.38 million contract to modernize the MET Tram Lines through a public procurement process. The project is expected to strengthen urban transport infrastructure while creating opportunities for engineering, construction and rail systems companies across Slovakia.

Netherlands

Svanehoj Group consolidates maritime energy monitoring capabilities through Dutch acquisition

Svanehoj Group has acquired Netherlands-based Henri Systems to expand its tank control and gauging technologies for liquefied gas carriers. This second acquisition of 2026 strengthens the company's global aftermarket services and consolidates its position in the maritime energy transition sector.

Romania

Harghita County announces RON 130.76 million tender for road rehabilitation project

The Harghita County Council in Romania has launched a public procurement tender valued at an estimated RON 130.76 million for extensive infrastructure rehabilitation works for roads

Korea (South)

Ilsung Construction wins KRW 26.8 billion contract for Indeogwon-Dongtan railway project

South Korean builder Ilsung Construction has secured a KRW 26.8 billion contract from the Korea National Railway. The deal involves building a roadbed for the Indeogwon-Dongtan double-track railway in Gyeonggi-do, providing the company with steady public sector revenue through late 2028.

India

Ceigall India joint venture secures lowest bidder status for Frontier Highway project in Arunachal Pradesh

A joint venture led by Ceigall India Limited has emerged as the lowest bidder for a INR 7.05 billion road construction contract in Arunachal Pradesh under the Ministry of Road Transport and Highways.

Tuvalu

ADB approves $10 million to fortify Tuvalu's maritime infrastructure and regional connectivity

The Asian Development Bank has allocated a $10 million grant to enhance Tuvalu's maritime transport operations. This funding targets the preventive maintenance of the Manu Sina vessel, ensuring reliable sea connectivity between the capital and remote outer islands, which is vital for local trade and essential service access.