Business/Financial
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SpaceSmaller Space Companies Want To See Programs Of Record For Their Investments
Smaller space companies want to see how the “commercial first” mantra of Pentagon acquisition reform translates into programs of record. The Space Force contends that its nine, new program acquisition […]
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Unmanned SystemsCounter-Drone Startup Mara Raises $7 Million To Advance Spike, An Integrated System
Mara on Tuesday said it raised $7 million in a pre-seed round to build its Spike portable counter-drone platform, which includes targeting sensors and small interceptors for 360-degree coverage against […]
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Business/FinancialUrsa Major Going Public To Scale Hypersonic Weapon, Rocket Motors And Engines
Ursa Major on Tuesday said it will go public in early 2027 to raise funds that will enable it to transition its products from development and low-rate production to full-rate […]
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Business/FinancialDefense Department Invests $750 Million To Help Secure Access To Rare Earth Materials
The Defense Department on Monday said it is investing $750 million with a new special purpose vehicle, US SIIE, LLC, that will purchase rare earth carbonates mined and processed in […]
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Navy/USMCUnion Ratifies New Five-Year Agreement With GD Bath Iron Works
Thousands of shipbuilder members of the International Association of Machinists and Aerospace Workers (IAM) Union Local S6 union have ratified a new five-year labor agreement with General Dynamics’ [GD] Bath […]
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Missile DefenseInterview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus
Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]
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Business/FinancialCastelion Raises $1 Billion To Produce Hypersonic Weapon Sooner, Develop New Weapons
Hypersonic weapons developer Castelion Wednesday night said it has raised $1 billion in a new funding round to accelerate production of its Blackbeard hypersonic weapon and develop new, longer-range strike […]
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ArmyHanwha Defense USA To Deliver First K9 Mobile Howitzer Prototype To Army This Fall
Following its win Tuesday evening to deliver up to 18 prototypes to the Army for testing and soldier experimentation, Hanwha Defense USA (HDUSA) on Wednesday said the first prototype of […]
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Business/FinancialU.S. Innovation Technology Fund Lists More Than $1.5 Billion Raised In Private Equity Sale
The Pittsburgh area-based U.S. Innovation Technology Fund, L.P. has recently raised more than $1.5 billion in a private equity offering to “accredited investors,” according to a Wednesday Securities and Exchange […]
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Unmanned SystemsSaildrone Boosting Presence In Europe To Support USV Growth
Saildrone on Tuesday said it is expanding its presence in Europe for the construction of two of its unmanned surface vessels (USVs) to fulfill the company’s first production contracts outside […]