Reporter: Business/Homeland Security
Defense Daily
Ph: 434-242-7750
Cal Biesecker
Articles By Cal
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Unmanned SystemsDIU To Issue Solicitation For Low-Collateral Effects Counter-Drone Solutions
The Defense Innovation Unit (DIU) next week plans to issue a solicitation seeking commercial solutions to more safely defeat small drones, the head of the unit said on Thursday. The […]
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Homeland SecurityCoast Guard Approved For Full Production Of First Polar Security Cutter
Following a decision by the Department of Homeland Security (DHS) in late December allowing the Coast Guard to move forward with limited production of a new heavy polar icebreaker, the […]
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Business/FinancialLeonardo DRS Opens 2025 With Strong Results
Leonardo DRS [DRS] on Thursday posted strong first quarter results with earnings and sales higher across its operating segments. Net income increased 72 percent to $50 million, 19 cents earnings […]
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Business/FinancialHII’s Earnings, Sales Dip In First Quarter; Cites CVN-30 Supply Chain Hiccup
HII [HII] on Thursday posted first quarter declines in its top and bottom-lines driven by lower sales across the company’s operating segments, and higher interest expense and taxes. Net income […]
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Business/FinancialAeroVironment Completes BlueHalo Acquisition; Creates Two Operating Segments
AeroVironment [AVAV] on Thursday said it completed its $4.1 billion acquisition of BlueHalo, significantly diversifying and expanding its defense business with the addition of space, electronic warfare and cyber technologies […]
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BudgetHouse Transportation Panel Approves $22 Billion In New Coast Guard Funds
The House Transportation and Infrastructure Committee on Wednesday approved its portion of a Republican reconciliation bill that includes more than $22 billion in funding for the Coast Guard, most of […]
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Business/FinancialTrue Anomaly Raises $260 Million To Support Growth
Space technology startup True Anomaly raised $260 million in a funding round targeted at product and talent investment, increasing vertical integration, and facility expansion. The oversubscribed Series C round was […]
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Business/FinancialVTG Acquires Cyber And Signals Intelligence Firm Triaplex
VTG on Wednesday said it has acquired Triaplex, Inc. in a deal that adds to its cyber and signals intelligence capabilities and expands its intelligence community customer base. Terms of […]
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CongressAbility To Detect And Track Drones At Domestic Bases Varied And Insufficient, DoD Official Says
More than a year after a series of drone incursions at a sensitive military base in Virginia, the abilities of domestic bases to observe potential threats from small unmanned aircraft […]
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Budget
House T&I Committee Proposes $15 Billion For Coast Guard Shipbuilding
The House committee that oversees policies for the Coast Guard is recommending $15 billion be added to the service’s account for acquiring ships and vessels, including more than $8 billion […]