Aerospace Group:

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…

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

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 […]