Aerospace Group:

Business/Financial

Autonomous Vessel Developer Saronic Raises $1.8 Billion To Accelerate Production, Add Capacity

By Cal Biesecker

Tuesday, March 31st, 2026

SHARE:

Autonomous Vessel Developer Saronic Raises $1.8 Billion To Accelerate Production, Add Capacity

Marauder image from Saronic. The vessel is being produced at the company's new shipyard in Franklin, La.

Leveraging demand for unmanned systems, Saronic Technologies on Tuesday said it has raised $1.75 billion in a new funding round that the company will use to accelerate production and deliveries of its autonomous surface vessels for customers globally, expand capacity, and add new classes of ships. The Series D round was led by Kleiner Perkins and values Saronic at nearly $9.3 billion. Saronic, which is currently building two 180-foot Marauder autonomous unmanned surface vessels, wants to “accelerate into even larger…

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]