Defence News Europe - Portuguese drone manufacturer Tekever buys Cocoon Experience, a leading UX and service design company.

Defence News Europe: Here is the update as at June 30th 2025 on the dates when Portugal will achieve the NATO target of spending 2% of GDP on Defence and the year when Portugal will reach a Defence spending of 5% of its GDP, as well as the announcement of the launch of Portugal's candidacy for non-permanent membership of the United Nations Security Council.  

Defence News Europe - The BEAST (Boosting European Advanced Missile System Technologie) is a European missile system that is being developed with an EU investment of 34,940,299.21 euros and includes a consortium of 12 countries as per the list of companies below:

Defence News Europe - What is French rocket launcher Foudre (Lightning)?

Business News Europe - Drone company Speedbird Aero raises €3.5 million led by Portuguese VC LINCE CAPITAL, with the participation of Explorer Investments, Cedrus Capital and AcNext Capital. MSW Capital also increased its investment in Speedbird Aero through the MSW MultiCorp 2 fund, which includes investors such as Embraer, Baterias Moura, BB Seguros and AgeRio.  

Business News Europe - German company Quantum Systems is Europe's new Unicorn after raising €160M Series C funding that brings the total funding raised by Quantum Systemsto €310M at a valuation of €1 billion that officially makes them a Unicorn.

Defence News Europe – Portuguese TEKEVER has announced an investment of £400 million to develop RAF Defence capabilities in the UK in a meeting with the UK Prime Minister, namely in the UK Defence OVERMATCH program that will complement the StormShroud program as described below: