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Global Defense Budgets Surge as Nations Fast-Track AI and Counter-Drone Systems

Newswire.ca - Tue Feb 24, 9:36AM CST

Issued on behalf of VisionWave Holdings, Inc.

NEW YORK, Feb. 24, 2026 /CNW/ -- Equity Insider News Commentary -- India has unveiled a record defense budget of approximately $87 billion for fiscal year 2026, representing a 15% increase that signals the country's accelerating investment in multi-layered air defense systems and indigenous military technology[1]. Across Europe, the European Union has launched its SAFE initiative, mobilizing up to $178 billion in defense upgrades as member states move to strengthen continental security infrastructure[2]. Companies positioning at the intersection of counter-drone technology, space-based defense intelligence, and AI-driven military platforms include ParaZero Technologies (TASE: PRZO), BlackSky Technology (NYSE: BKSY), Redwire (NYSE: RDW), and Safe Pro Group (NASDAQ: SPAI).

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