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Sign InThe German Bundestag has approved a $1.2 billion contract with Rheinmetall for loitering munitions, while the company expands into space tech via a joint venture with OHB. Highlighting the global surge in autonomous warfare, U.S. drone maker Aevex recently raised $320 million in an IPO, selling 16 million shares at $20 each. Aevex currently holds $1.2 billion in contracts for its Phoenix Ghost systems, with a significant portion of its recent revenue driven by the war in Ukraine. Despite reporting a net loss of $16.9 million in 2025 on $432.9 million in revenue, the company projects the global market for unmanned systems to reach $26 billion by 2030. These developments underscore a strategic shift as both established giants like Rheinmetall (RHM.DE) and new 'war unicorns' capitalize on rising defense budgets.