Business/Financial
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Unmanned SystemsIsrael’s Axon Vision Partners With Leonardo DRS On AI For Autonomous Counter-Drone Solutions
Israel’s Axon Vision on Monday said it is partnering to bring its artificial intelligence automation technology to counter-drone solutions provided by Leonardo DRS [DRS] for the U.S. defense market. Axon […]
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Business/FinancialHeven AeroTech Raises $100 Million To Scale Production, Develop Quantum Capabilities
Drone developer Heven AeroTech on Monday said it has raised $100 million in a new funding round for expanding its manufacturing infrastructure, fielding infrastructure that supports its hydrogen-powered drones and […]
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Unmanned SystemsQuantum Tech Firm IonQ Invests In, Partners With, Drone Company Heven
IonQ [ONQ] this week said it has made a financial investment in hydrogen-powered drone developer Heven AeroTech, part of a new strategic partnership between the companies to bring quantum technology […]
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Business/FinancialVTG Acquires Software Engineering Firm Miklos Systems
VTG on Tuesday said it had acquired Miklos Systems, Inc. (MSI), in a deal that strengthens its digital transformation capabilities with the intelligence community. Terms of the transaction were not […]
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Business/FinancialFairbanks Morse Defense To Acquire Naval Supplier Truflo Marine
Fairbanks Morse Defense (FMD) on Monday said it has agreed to acquire United Kingdom-based Truflo Marine in a deal that expands its current work in valve design and manufacturing and […]
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SpaceIntegration Of Space Development Agency Tranches Faces Challenge, Report Says
The integration of Space Development Agency (SDA) systems across the two-year “tranche” development cycle is a significant hurdle facing the agency, according to a report by the SDA Independent Review […]
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Business/FinancialDoD Strategic Capital Office To Loan $700 Million To U.S. Supply Of Rare Earth Elements
The Defense Department’s Office of Strategic Capital (OSC) last Friday said it is loaning $700 million to two U.S. companies to increase domestic production of rare earth magnets used in […]
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Business/FinancialDoD Makes $30 Million Defense Production Act Award For Critical Minerals
ElementUS Minerals has received a $29.9 million award from the Defense Department to bolster the domestic supply chain for two critical minerals, gallium and scandium, by separating and purifying them […]
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Business/FinancialVoyager Technologies Acquires Estes Energetics, Strengthening Rocket Motor Capabilities
Voyager Technologies [VOYG] on Thursday said it has acquired Estes Energetics, a small company that makes solid rocket motors and related chemicals. Voyager said the deal gives it more “control […]
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Business/FinancialL3Harris Breaks Ground On Expansion Of Propulsion Facilities In Camden
L3Harris Technologies [LHX] on Tuesday broke ground on a new solid rocket motor production campus in Camden, Ark., part of the company’s ongoing push to increase its ability to meet […]