Business/Financial
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Business/FinancialTOTE Gets Promised Contract For MDA Vessel And Subcontracts To Hanwha Philly
TOTE Services on Wednesday officially signed a contract with the Department of Transportation’s Maritime Administration (MARAD) to serve as the Vessel Construction Manager (VCM) for the Missile Defense Agency’s Missile […]
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Business/FinancialAnduril Partners With Gecko Robotics For Arsenal-2 Shipyard Testing
Gecko Robotics on Thursday announced it is partnering with Anduril Industries to use its robotics and AI-driven inspection software to aid the new Arsenal-2 shipyard in Baltimore County, Md., that […]
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Advanced / Transformational TechnologyGallatin AI Raises $50 Million To Bolster AI-Enabled Logistics Decision Support Tools
Gallatin AI, Inc., on Thursday said it has raised $50 million in a new investment round to hire more engineers, accelerate and expand product development of its tools that increase […]
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Advanced / Transformational TechnologyWolfspeed Gets $1.5 Billion Conditional DoD Loan Commitment To Bolster Silicon Carbide Production
The Defense Department on Wednesday evening said it has made a $1.5 billion conditional loan commitment to Wolfspeed, Inc. [WOLF], to strengthen the supply chain for materials and devices critical […]
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Business/FinancialFortastra, Startup Developing Maneuverable Spacecraft For On-Orbit Effects, Raises $30 Million
Startup spacecraft developer Fortastra on Thursday said it raised $30 million to complete design, development and production of its next two prototype space vehicles that the Los Angeles-based company hopes […]
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Business/FinancialDeep Tapped As Next CEO Of General Dynamics; Novakovic Will Be Executive Chair
General Dynamics [GD] on Wednesday announced Danny Deep will be the company’s next CEO effective Jan. 1, 2027, succeeding Phebe Novakovic, who has been the company’s top executive and chairman […]
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Business/FinancialCMG Acquires Rocky Mountain Scientific To Vertically Integrate Energetics Capabilities
Startup energetics manufacturer Critical Materials Group (CMG) has acquired another small company, Rocky Mountain Scientific Laboratory (RMSL) that develops, formulates and tests energetics, bringing more capabilities in-house to meet customers’ […]
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Air ForceLockheed Martin Awards BAE Systems Subcontract for ASQ-239 for Lot 20-22 of F-35
Lockheed Martin [LMT] has awarded BAE Systems a contract likely worth at least $1.2 billion for AN/ASQ-239 electronic warfare systems for production Lot 20-22 of the F-35 fighter, as well […]
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Navy/USMCAnduril To Start New Baltimore Shipyard For Sub Parts With $3.7 Billion Investment
Anduril Industries and the White House on Tuesday announced plans for a new 2 million square foot shipbuilding facility in Maryland that will be focused on producing Virginia-class attack submarine […]
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Business/FinancialDecision Support Software Firm ConductorAI Nabs AFPIT Award Supporting DIA
ConductorAI, a startup developing artificial intelligence-based software to strengthen and speed processes and decision-making in complex policy environments, has been awarded a Defense Department contract to accelerate production of the […]