Portugal Defence & Space News

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:

Space News Europe - Here are the world’s and Europe’s largest secure satellite constellations and the video of the future EU Secure Satellite Constellation IRIS²:

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.

Business News Europe - Portuguese company TEKEVER is Europe's new Unicorn as it announces a new funding round fully subscribed by existing investors confirming a valuation above £1 billion.

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:

EU Space News - EU exports of spacecraft products reached 1.217 billion euros in 2024. Here are the main export countries of EU spacecraft products in 2024 and the main partners of The EU Space Program:

Defence news EU - Portugal invests 220 million euros to develop its first military aircraft, the LUS-222.

EU Defence news - Portugal Defence projects to increase its annual investment to 1 billion eur by 2029 without jeopardizing public accounts:

Portugal news - The current visit of the Portuguese Minister of Foreign Affairs, Paulo Rangel, to Israel takes place at a very crucial time:

Portugal news - Lisbon is a global hub for Satellites launched by Space X Falcon 9 rockets, including FOSSASat, the PoSAT-2 & PROMETHEUS-1:

Portugal news – Portugal is investing around 100 million euros to produce the first Portuguese aircraft, the LUS222.

Portugal news - Portugal invests 200 million euros for 12 A-29N Super Tucano aircraft and Embraer chooses Portugal as its European hub:

Portugal news - Portugal is leading a new quantum cryptography project for European Defence named DISCRETION, costing 6,719,699.75 euros.

Portugal News – Elon Musk’s SpaceX Falcon 9 rocket will launch Portuguese satellite Prometheus-1 in January 2025.