Business/Financial
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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 […]
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Advanced / Transformational TechnologySmack Raises $61 Million To Expand Scope Of Edge Autonomy Platform
Startup Smack Technologies on Tuesday said it has raised $61 million in a new funding round that will allow it to expand the extent of its autonomy software models to […]
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Business/FinancialMehta Appointed New CEO At L3Harris After Kubasik Forced Out Due To Conduct
L3Harris Technologies [LHX] on Monday said its board has appointed Sam Mehta as president and CEO effective immediately after agreeing to part ways with Chris Kubasik, who had led the […]
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ArmyBoeing Unveils Its IFPC Inc. 2 Design, Expects August Downselect
HUNTSVILLE, Ala. – Boeing [BA] this week revealed its design for the Army’s competition for a second interceptor for the Indirect Fires Protection Capability (IFPC) Increment 2 in the run […]
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Business/FinancialLockheed Martin Reports $140 Million In Tariff Refunds; Other Primes Haven’t Quantified Payback
In the latest round of quarterly financial filings, Lockheed Martin [LMT] was the only one of the top U.S. defense contractors to report a specific dollar receipt–$140 million through the […]
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Business/FinancialAEVEX Agrees To Acquire BlackSea Technologies To Access Unmanned Maritime Systems
AEVEX Corp. [AVEX] on Wednesday said it has agreed to acquire BlackSea Technologies in a deal worth up to $650 million that would add a robust portfolio of unmanned surface […]
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Business/FinancialPrecision Munitions Startup Heaviside Raises $60 Million; Partners With Nammo
Heaviside Industries, a startup developing precision munitions, on Wednesday said it has raised $60 million in a Series B round, three months after the company emerged from stealth. The Los […]
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Business/FinancialJoby Aviation Agrees To Acquire Resonant Sciences To Expand, Diversify Defense Business
Joby Aviation [JOBY] on Tuesday said it has agreed to acquire Resonant Sciences for $500 million in a deal that expands its defense business and adds new technologies. The transaction […]