A company in Caerphilly county says it has safeguarded 140 jobs, after securing two contracts, worth a total £364m, to supply the armed forces.
General Dynamics, in Oakdale, will continue to provide support for a high tech radio network, and provide a new generation of light armoured vehicles for the Ministry of Defence.
Welsh Secretary David Jones welcomed the announced as "testament to the skills and talents of the workforce in Wales."
"It is also further proof that, as part of our long-term economic plan, we are continuing to see encouraging signs of growth and recovery in the Welsh economy coming just before the Nato summit in Newport in September."
Although there's been an increase in the number of people playing sport, it seems women are still lagging behind when it comes to getting active.
According to the charity Street Games, the gender gap is especially wide in deprived parts of Wales. Now, two sporty ladies from the Rhymney Valley have set up a business intended to change all that. Megan Boot reports
Wales' first exercise hub which aims to encourage women to take part in physical activity has opened its doors for the first time this week.
It's based in Pengam in the Rhymney Valley and will offer classes for women of all abilities. The centre has been set up by the sport charity Streetgames - which encourages youngsters from disadvantaged communities to participate in sport.
It will be run with 'Diva Sport' which was set up by Mel Gill and Claire Willams. As single mums, they say they struggled to find enough time to fit exercise in to their daily routine. They started running a variety of classes and encouraged women to bring their children along.
Gwent Police has appealed for help to find a teenage boy who has been missing from his home in Blackwood for ten days.
Andrew Amoah, 16, is described as black, approximately 5 feet 10 inches tall, of slim build, with brown eyes and short black hair.
He was last seen on 10 December.
He was known to be wearing blue jeans, a blue puffer jacket and black Nike trainers.
Andrew is known to have links in the Woolwich, Yeovil, Swindon and Cardiff areas.
Gwent Police is urging anyone with information on his whereabouts is asked to call 101.
A group accused of orchestrating the UK's biggest 'cash for crash' scam has been appearing at Cwmbran Magistrates' Court this morning.
86 people accused of a range of offences, including conspiracy to defraud, are due to appear during the course of the day.
Appearing in groups of 1 to 5 people, the defendants spoke only to confirm their names and dates of birth.
The Magistrate granted bail, and the group will appear at Newport Crown Court between November 4th and 6th.
86 people have been charged by detectives as part of a so called 'crash for cash' investigation into allegations of motor insurance fraud.
Detectives working with specialist insurance fraud experts in Gwent have spent two years working on the inquiry.
It is one of the largest scale investigations of its kind ever seen in Wales.
Gwent Police says 86 people have been charged in relation to an alleged 'crash for cash' scam operating out of a garage in Pengam, Blackwood, in the South Wales Valleys.
They are due to appear at Cwmbran Magistrates Court on 10 October.
Gwent Police established Operation Dino in 2011, to specifically investigate ‘crash for cash’ insurance frauds.
A Gwent Police investigation into 'crash for cash' incidents - where people deliberately crash cars to get insurance money - has led to 86 people being charged.
The charges range from conspiracy to defraud insurance companies, conspiracy to steal motor vehicles and conspiracy to money launder.
A man has been charged with arson, in connection with a fire at the Poundstretcher store in Blackwood in May.
Stephen John Powell, 27, is due to appear before magistrates in Caerphilly today.
A new multimillion-pound contract for the maintenance of British troops' battlefield radios will secure 150 jobs at General Dynamics' site in Oakdale, south Wales.
The MoD has awarded a £45m maintenance contract for the armed forces' Bowman radio, a secure digital voice and data system which allows frontline soldiers to communicate with colleagues and commanders on the ground, at sea or in the air, and is said to play a vital role in Afghanistan.
Minister for Defence Equipment Support and Technology Philip Dunne said, "General Dynamics have a proven record of delivering high-quality support services to our armed forces."