:

Advanced / Transformational Technology

Autonomy Driving Startup Forterra Raises $75 Million For Tech Acceleration

By Cal Biesecker

Tuesday, September 10th, 2024

SHARE:

Autonomy Driving Startup Forterra Raises $75 Million For Tech Acceleration

Oshkosk Corp.'s ROGUE Fires platform in production for the Marine Corps. Forterra provides a self-driving solution for the system. Photo: U.S. Defense Department

Self-driving technology startup Forterra on Tuesday said it has raised $75 million in an oversubscribed Series B funding round to accelerate its efforts for defense and industrial customers, and lower costs. The new capital allows Forterra to increase hiring, continue investing in research and development, conduct more deployments of its self-driving technology, scale manufacturing, and lower the costs of the autonomy technology, Scott Sanders, the company’s chief growth officer, told Defense Daily last week ahead of the announcement. The company…

Space

Space Force PAE For Infrastructure Completing Move To Colorado Springs

U.S. Space Force Space Systems Command’s (SSC) Portfolio Acquisition Executive (PAE) for infrastructure–a $4 billion contracting hub for SSC–is completing a move from Los Angeles Air Force Base, Calif. to […]

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]