Business/Financial
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Business/FinancialLockheed Martin Carves Out $100 Million For Venture Fund In UK, Europe
Lockheed Martin [LMT] will dedicate $100 million of its venture capital fund to investments in the United Kingdom and Europe, tapping into an emerging innovation ecosystem that in turn can […]
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Business/FinancialSaronic Picks Brownsville, Texas, For Port Alpha, Promises Largest Shipyard In U.S.
Saronic on Thursday announced it selected Brownsville, Texas, to be the site of its future Port Alpha shipyard that it promises to become the largest shipyard in the U.S. Phase […]
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Business/FinancialSingularity, Startup Developing Low-Cost Air Defense Systems, Exits Stealth With $80 Million Round
Singularity, a startup developing low-cost air defense systems to counter similarly low-cost munitions, has emerged from stealth with an $80 million funding round let by Khosla Ventures and Felicis. The […]
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Business/FinancialPentagon Invests $25 Million With ReElement To Process Recycled Magnets
The Defense Department on Monday said it awarded ReElement Technologies $25 million to expand processing of recycled rare earth magnets and other materials for use in domestic production of critical […]
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Advanced / Transformational TechnologyYork Space And All.Space CEOs Detail Resilient Communications Vision As Acquisition Closes
York Space Systems [YSS] has closed its acquisition of satellite communication terminal company All.Space, in a move both company CEOs say will create a complete tactical satcom ecosystem. York said […]
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Air ForceNATO To Buy Up To 10 Saab GlobalEye Aircraft To Help Replace Alliance’s AWACS Fleet
NATO is to buy up to 10 GlobalEye aircraft by Sweden’s Saab that may replace nearly all of the alliance’s aging 14 Boeing [BA] E-3 Airborne Warning and Control System […]
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Advanced / Transformational TechnologyVenus Aerospace Raises $91 Million To Get New Rocket Engine Ready And Begin Scaling
Following a series of successful flight tests last year of a next-generation rocket engine and continued ground testing, Venus Aerospace has raised $91 million in new funding to help get […]
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Business/FinancialAurelius, Rheinmetall Partner On Ground Robot-Based Laser Drone Defense
Startup Aurelius Systems on Tuesday said it has partnered with American Rheinmetall to integrate its autonomous laser system on the manufacturer’s robotic combat vehicles to meet counter-drone needs. Aurelius is […]
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Business/FinancialBAE Gets $16 Million DoD Investment To Expand U.S. Rad Hardened Chips
The Defense Department is providing BAE Systems with $16 million in Defense Production Act (DPA) funds to reestablish domestic production capacity of radiation hardened microelectronics used in defense systems, DoD […]
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Business/FinancialOndas Acquires DZYNE, Adding Long Range UAS, More C-UAS, And Launched Effects
In a deal that adds complementary products, beefs up the company’s manufacturing capacity and finances, and broadens its portfolio of low cost and autonomous technologies, Ondas Holdings [ONDS] on Monday […]