Reporter: Business/Homeland Security
Defense Daily
Ph: 434-242-7750
Cal Biesecker
Articles By Cal
-
Advanced / Transformational TechnologyGallatin AI Raises $50 Million To Bolster AI-Enabled Logistics Decision Support Tools
Gallatin AI, Inc., on Thursday said it has raised $50 million in a new investment round to hire more engineers, accelerate and expand product development of its tools that increase […]
-
Navy/USMCOverland AI Unveils IBEX Autonomous Ground Vehicle For Marine Corps MADIS Program
Autonomous ground vehicle (AGV) developer Overland AI this week introduced its latest product, IBEX, the first AGV to be built under a production contract with deliveries to Marine Corps set […]
-
Advanced / Transformational TechnologyWolfspeed Gets $1.5 Billion Conditional DoD Loan Commitment To Bolster Silicon Carbide Production
The Defense Department on Wednesday evening said it has made a $1.5 billion conditional loan commitment to Wolfspeed, Inc. [WOLF], to strengthen the supply chain for materials and devices critical […]
-
Business/FinancialFortastra, Startup Developing Maneuverable Spacecraft For On-Orbit Effects, Raises $30 Million
Startup spacecraft developer Fortastra on Thursday said it raised $30 million to complete design, development and production of its next two prototype space vehicles that the Los Angeles-based company hopes […]
-
Navy/USMCNavy Awards Shield AI $150 Million To Help Ready X-BAT For Production
The Navy has awarded Shield AI a $150 million modification to an existing Other Transaction Agreement (OTA) to help the company continue to progress its X-BAT autonomously-piloted vertical takeoff and […]
-
Business/FinancialDeep Tapped As Next CEO Of General Dynamics; Novakovic Will Be Executive Chair
General Dynamics [GD] on Wednesday announced Danny Deep will be the company’s next CEO effective Jan. 1, 2027, succeeding Phebe Novakovic, who has been the company’s top executive and chairman […]
-
Navy/USMCX-Bow Nabs Rocket Motor Development Contract For Future Navy Missile
X-Bow Systems has received a potential $69.7 million contract to develop and qualify a solid rocket motor (SRM) booster for a next-generation Navy missile, an award that will enable the […]
-
Business/FinancialCMG Acquires Rocky Mountain Scientific To Vertically Integrate Energetics Capabilities
Startup energetics manufacturer Critical Materials Group (CMG) has acquired another small company, Rocky Mountain Scientific Laboratory (RMSL) that develops, formulates and tests energetics, bringing more capabilities in-house to meet customers’ […]
-
Unmanned SystemsAventra Defense Raises $18 Million To Support Long-Range Strike System
Aventra Defense Systems, a startup developing an attritable long-range precision payload platform, has raised $17.5 million in a strategic funding round to accelerate flight-testing and bolster production. The fundraise was […]
-
Business/FinancialDecision Support Software Firm ConductorAI Nabs AFPIT Award Supporting DIA
ConductorAI, a startup developing artificial intelligence-based software to strengthen and speed processes and decision-making in complex policy environments, has been awarded a Defense Department contract to accelerate production of the […]