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Canopy Aerospace & Defense (a Trive Capital portfolio company) has acquired UK-based Tods Technology, a leader in advanced composites and acoustic materials for the maritime defense sector. This strategic move expands Canopy A&D's global reach, strengthens the US-UK defense supply chain, and enhances its ability to deliver mission-critical solutions to 25+ navies worldwide.

India’s Defense Minister Rajnath Singh has granted Mini Ratna Category-I status to Hindustan Shipyard Limited, marking a new phase of autonomy for the state-run shipyard. Declaring 2025 as the “Year of Reforms,” the government emphasized innovation, sustainability, and self-reliance across the defense sector.