Business/Financial

Heven AeroTech, which is focused on the development and manufacture of hydrogen-powered drones, is operating a 56,000 square foot production facility in Northern Virginia, adding to its existing manufacturing capacity. […]

Critical Materials Group (CMG), a startup developing a modular, automated production platform for energetics used in explosives, has raised $10.3 million in a seed round led by Overmatch Ventures to […]

LYNN, Mass.—GE Aerospace [GE] said on Monday that the Pentagon’s Defense Innovation Unit (DIU) has awarded the company a prime contract for an all-up-round (AUR) hypersonic test bed under the […]

The Defense Department Monday evening and Tuesday announced nearly $264 million in new awards and financing to strengthen the defense industrial base for critical materials, chemicals and testing capabilities, including […]

Drone developer and manufacturer Easy Aerial on Monday said it has raised $20 million in a Series B round to bolster production and international operations. The investment was backed by […]

Science Applications International Corp. [SAIC] on Monday posted lower net income in the second quarter of its 2027 fiscal year due to a tax headwind while sales were higher. Net […]

Gregg Pyers, Rolls-Royce’s F130 program director, discusses the company’s development of the new engine for the B-52 under the Air Force’s Commercial Engine Replacement Program. Pyers provides updates on ongoing […]

Scott Ames, Rolls-Royce’s AE 1107 program director, sits down to deliver a key update on the development of the AE 1107 engine powering the Army’s future MV-75 Cheyenne — the […]

NEWPORT, R.I. – Anduril Industries is working to ramp up the production of its current Dive-LD large Autonomous Undersea Vehicle (AUV) production line at its Quonset Point, R.I., facility to […]

INDIANAPOLIS—Rolls-Royce plans to deliver two AE 1107F engines for the first of six prototype Bell [TX] MV-75 Cheyenne II tiltrotors for the Army by the end of the year in […]