CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 75-95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

French counter-drone startup Alta Ares wins third of NATO framework contract

By Reuters News

By Ronan Corcoran

Nov 5 (Reuters) - French startup Alta Ares won 6 out of 16 lots under a NATO framework contract for counter-drone systems, its largest contract to date, the manufacturer of AI-powered air defence systems said on Thursday.

Founded in 2024, Alta Ares builds hard-kill air defence systems that physically intercept drones, including Shahed-type long-range attack drones and loitering munitions. Its software is fed by battlefield data from Ukraine and operations in the Gulf, and it raised €50 million ($56 million) in June to scale up production in France and Ukraine.

  • Five companies were selected for the contract after assessing bids on technical capability and cost

  • Other selected companies were Northrop Grumman NOC.N, Axon Enterprises AXON.O, Quantum Systems and OSL

  • The six lots cover area defence and border protection, with Alta Ares being the only supplier selected for area-defence systems across fixed, deployable and mobile configurations

  • It is ramping up production with industrial partners, aiming to produce more than 1,000 interceptors a month by 2027

($1 = 0.8880 euros)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.