SURFACE TO AIR MISSILE
Akash air defence system reaches Turkmenistan: Check its capabilities as it joins Chinese systems to protect the Central Asian country
India has exported its indigenous Akash air defence missile system to Turkmenistan, Defence Secretary Rajesh Kumar Singh has confirmed, expanding the weapon’s presence in Central Asia after Armenia and Tajikistan. Turkmenistan already operates Chinese-made air defence systems, including the FK-2000, FD-2000, KS-1A and FM-90. Here is a look at Akash’s range, capabilities and evolving variants.
Defence stocks: Time to change strategy in a bearish market? An ecosystem with down and upside potential of -39% to plus 37%
The current fall is both at the level of the indices and the broader market. And when the selling is this broad, almost every sector is affected. But they do not all feel it equally, and it is worth knowing why every sector behaves differently at different points of time. Stock Reports Plus, powered by Refinitiv, is a comprehensive report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
When every number is a risk, the watchlist matters more than the buy list: 5 mid-cap stocks with upside potential of up to 26%
There are times when the market forgives a weak quarter, and there are times when it does not. We are now in the second kind of market. The cushion that softened bad news a few months ago has gone, and the coming Q2 results will carry burdens that the earlier ones did not. So, before looking at any stock, remember this: The odds of a sharp fall because of any disappointment are higher now than they have been in a while.
Russian attacks kill 6 in Ukraine and damage Kyiv's Northern Bridge
Russian attacks killed at least six people in Ukraine and damaged Kyiv's Northern Bridge, disrupting traffic for a third day, while Moscow confirmed it targeted the structure. Ukrainian strikes also caused casualties in Russia. Moldova's president warned that the war was increasingly spilling into her country after reported Russian airspace violations.
US Navy awards $24.4 billion to accelerate production of Standard Missile-6
The US Navy has secured a deal worth up to $24.4 billion with Raytheon to ramp up production of Standard Missile-6 interceptors over five years. The Pentagon says the agreement will increase SM-6 inventory, strengthen vulnerable supply chains and give defence contractors greater certainty to expand factories and workforce. The deal is part of Washington’s broader push to accelerate critical munition production.
US awards $21 billion missile contract to RTX’s Raytheon as it looks to replenish stocks amid ongoing conflict with Iran
The US has moved to significantly increase production of AMRAAM missiles after awarding Raytheon a multiyear agreement valued at $20.7 billion. The weapon is used by fighter jets for air-to-air engagements and by NASAMS for ground-based air defence. The planned expansion includes higher annual output, but the full contract value remains dependent on funding from Congress.
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For long-term investors who know and accept that more trouble might be on the way: 5 mid-cap stocks with upside potential of up to 32%
Headwinds continue to hit both the global and domestic markets. As the situation is unlikely to improve anytime soon, we may see a further erosion in stock prices in the coming weeks, even months. The thing to understand is this: Not all stock price drops are the same.
Satellite images show China building new class of submarine, India’s submarine plans compared
Fresh satellite imagery of a Chinese submarine under construction has highlighted developments in Beijing’s nuclear-powered attack submarine designs, including a possible pumpjet propulsion system and X-shaped stern. At the same time, India is pursuing several submarine programmes to expand and modernise its underwater fleet. Recent submarine construction data also points to different fleet sizes and development timelines for China and India.
CSL lays keel for first next-generation missile vessel for Indian Navy
Cochin Shipyard Limited laid the keel for the first of six advanced missile vessels. This marks the shipbuilder's entry into constructing weapon-intensive platforms for the Indian Navy. These high-speed vessels will be equipped with advanced missile systems and radars. They will provide offensive capability against enemy warships and land targets. The vessels will also support maritime strike and anti-surface warfare operations.
PNS Hunain severely damaged after collision with INS Kolkata 3 times its size
Pakistan Navy’s PNS Hunain sustained severe damage after colliding with the Indian Navy’s INS Kolkata in the North Arabian Sea, with the Pakistani vessel returning to harbour for repairs. The two sides have offered conflicting accounts of the incident. Indian sources highlighted the vessels’ considerable size difference, noting that INS Kolkata weighs nearly three times as much as PNS Hunain.
Solar Industries buys South Africa’s Omnia in $1.3 billion deal
Nagpur-based Solar Industries is acquiring South Africa's Omnia Holdings for $1.3 billion. This significant outbound deal aims to create an integrated global blasting platform. The acquisition includes Omnia's commercial explosives and crop nutrition businesses. Solar Industries currently manufactures explosives for defense and industrial applications.
DRDO to set up new missile testing range in West Bengal’s Junput
India's DRDO plans a new weapons and missile testing range at Junput in West Bengal. This facility will supplement the existing Integrated Test Range in Odisha's Chandipur. The proposed range aims to expand India's defense testing capacity along the eastern coast. Officials confirm the project is moving forward after a previous delay. The Junput range will become another major hub for DRDO's development efforts.
They asked Claude to build missiles, anti-torpedo, and smallpox bioweapons: Anthropic uncovers AI's darkest misuse cases, including a live missile test
Anthropic AI misuse report: Anthropic has revealed some of the most concerning ways users have attempted to misuse its AI model Claude, including requests related to missiles, anti-torpedo systems and biological weapons. The disclosures also reportedly include a case involving a live missile test, highlighting growing concerns over AI being used for potentially dangerous military and biological applications.
Pakistan’s new air shield after Operation Sindoor: Chinese HQ-17A, Turkish KORKUT explained
The Pakistan Air Force has showcased newer short-range air-defence systems of Chinese and Turkish origin, including the HQ-17A and KORKUT, as it seeks to strengthen protection around key military assets. The systems were displayed after Operation Sindoor, during which India said it had targeted Pakistani air-defence infrastructure and military sites. The new equipment adds additional layers to Pakistan’s air defence network.
Silicon Valley-backed Covenant unveils low-cost, mass-producible cruise missile
Covenant has launched a new heavy-payload cruise missile, Anthem, aimed at revolutionizing warfare strategies. This cutting-edge missile focuses on rapid and economical mass production for extensive use in battlegrounds. With an ambitious timeline to equip the U.S. Army by 2027, Covenant has garnered substantial financial backing and is ramping up its production resources to meet this goal.
Russia unveils new stealth air-launched stand-off weapons for Su-57 fighter family; S-71M Monokhrom, S-71K Kovyor, S8000 Banderol missiles/loitering munitions displayed at El Alamein International Airshow
Russia revealed new stealthy air-launched stand-off weapons at an Egyptian airshow. These weapons are designed for the Sukhoi Su-57 stealth fighter family. Some systems have reportedly been used in the conflict in Ukraine. The new munitions offer a cheaper alternative to Western systems. They aim to provide Russia with a stand-off strike capability.
Kim Jong Un is threatening US, Japan and South Korea with its most advanced warship, a 5000-ton nuclear missile carrying destroyers; second warship commissioned as rivals launch drills
North Korea commissioned its second large destroyer, the Kang Kon, on September sixth. This vessel joins the Choe Hyon-class, representing a significant naval expansion. The Kang Kon is designated for North Korea's nuclear response system. This development occurs as the US, South Korea, and Japan conduct joint military exercises. These drills aim to counter Pyongyang's growing nuclear and missile capabilities.
In 1961, Liberty Bell 7 sank after Gus Grissom's flight; 38 years later, crews recovered the capsule from more than 15,000 feet beneath the Atlantic Ocean
For thirty-eight years, astronaut Gus Grissom's Liberty Bell 7 spacecraft lay lost beneath the waves. A skilled salvage expert ventured into the deep ocean to locate the capsule, utilizing advanced sonar technology and a remotely operated vehicle. Inside, technicians had cleverly placed souvenir Roosevelt dimes before its launch. Today, this historic artifact can be viewed by the public in Kansas, a testament to space exploration.
Zelenskiy says Ukrainian drones have effectively closed Russian airspace
Ukrainian President Volodymyr Zelenskiy warned airlines and insurers that Russian airspace was becoming increasingly dangerous because of Ukrainian drone activity and was effectively closing. His warning comes amid intensified Russian strikes on Ukraine and frequent Ukrainian drone attacks inside Russia, raising concerns over risks to civilian aviation and airspace safety.
Modi discusses steps to widen strategic ties with leaders of Armenia and Kyrgyzstan
Prime Minister Narendra Modi held separate talks with Armenian PM Nikol Pashinyan and Kyrgyz President Sadyr Zhaparov in Bishkek, focusing on defence, trade, security and regional cooperation. Pashinyan briefed Modi on the Armenia-Azerbaijan peace agreement, while India and Kyrgyzstan pledged to deepen their strategic partnership amid shared concerns over terrorism, extremism and drug trafficking.
Russia submits proposal in response to Indian tender for 5 more S-400 'Sudarshan' units
Russia has submitted a proposal for five more S-400 air defence squadrons. India is processing this significant defense acquisition estimated at over fifty thousand crore rupees. Deliveries for these new systems are expected to commence approximately three years after the deal is signed. India has already received four S-400 squadrons from a previous contract.
First drones, now missiles. The spending is certain, who gets the maximum is not: 14 stocks from the defence ecosystem
The defence sector’s positives are well known. But there are some unknowns. For “security reasons” we will never know how or why orders are placed, or how the focus areas are decided. Not surprising. No government will announce what it plans to do for its own defence. The only certainty is that there will be an increase in spending. Just Google how many countries have said that their defence spending as a percentage of GDP will see a sharp rise in the next three years. The number and names on the list may surprise you.
Pakistan's sleeper cells in India tried to locate S-400 defence systems during Operation Sindoor: Air Marshal Jeetendra Mishra (Retd)
During Operation Sindoor, India's S-400 air defence systems played a critical role by thwarting attempts from Pakistani fighter jets to approach the Indian border, Jeetendra Mishra revealed. Pakistan's efforts to locate these systems through intel proved futile, he added.
In 1958, US Air Force launched an Able 1 spacecraft to the Moon in humanity’s first attempt to send a spaceship anywhere beyond Earth orbit but the mission lasted only 73.6 seconds
In 1958, US Air Force launched an Able 1 spacecraft to the Moon in humanity’s first attempt to send a spaceship anywhere beyond Earth orbit. The spacecraft was designed to enter lunar orbit, but its Thor rocket exploded 73.6 seconds after launch. The mission later became known as Pioneer 0 and became the start of the Pioneer mission series.
Rajnath Singh opens DRDO missile tech to private sector
The defence ministry approved technology transfer for DRDO conventional missile systems. This move opens production to the private sector, ending public sector dominance. Private firms can now produce systems at scale and offer tailored advanced variants. This policy aims to reduce import dependence and increase domestic value. It will also support the growth of India's defence manufacturing sector.
Antique initiates coverage on Astra Microwave with Buy; sees defence electronics upcycle driving growth
Antique Stock Broking initiated coverage on Astra Microwave Products with a buy rating and Rs 2,000 target price, implying around 20% upside from its August 25 market price. The stock rose as much as 3.7% following the report.
USS Benfold lost power in South China Sea, leaving crew of the US Navy warship without toilets, hot food and AC for 4 days
After enduring a four-day power outage in the South China Sea, the USS Benfold found itself in a precarious situation, lacking vital services like toilets and air conditioning. Other American naval ships came to the rescue, supplying food and assistance while engineers scrambled to restore power. Eventually, the destroyer was towed to the Philippines for necessary repairs before resuming its operations.
US partners with Boeing, RTX to boost production of SM-3 missile components amid Iran war
The US Department of War is ramping up missile interceptor production in collaboration with essential partners. Contracts with Boeing and RTX are set to expedite manufacturing processes for vital defense systems. This initiative will bolster supply chains and elevate fleet readiness for the US Navy, while significantly increasing the production rate of SM-3 Block IB and Block IIA interceptors, ensuring a robust defense industrial base.
What is the Patriot missile system and why are supplies depleted worldwide?
Global conflicts are rapidly depleting U.S. Patriot missile supplies. Ukraine urgently needs interceptors to counter Russian ballistic missile attacks. The Iran war has drained arsenals in the U.S. and Gulf states. European countries are also conserving missiles for their own defense needs. The U.S. is exploring options for Ukraine to produce Patriot interceptors.
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