Business/Financial
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Business/FinancialREGENT Raises $240 Million To Transition Seagliders To Manufacturing
Dual-use Seaglider developer REGENT Craft last Thursday announced it raised $240 million in a new funding round as it pushes to shift from earlier stage development into full scale production […]
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Air ForceRolls-Royce Plans To Deliver 20 F130 Flight Test Engines For B-52 CERP Starting Next Spring
INDIANAPOLIS—Rolls-Royce plans to deliver 20 F130 flight test engines to the Air Force starting next spring for the Commercial Engine Replacement Program (CERP) for the service’s B-52 bomber, as the […]
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Business/FinancialDoD Adds To Equity Stake In Alumina Refiner, Makes Equity Investment In Metals Company
The Defense Department last Friday said it has upped its equity investment in Atlantic Alumina Company LLC (Atalco) by $100 million, bringing total investment by the department to $400 million, […]
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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 […]