Business/Financial
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Unmanned SystemsUnmanned Cargo Aircraft Startup Poseidon Aerospace Raises $60 Million Ahead Flight Testing
Poseidon Aerospace, which is developing unmanned cargo aircraft for commercial and defense logistics, has raised $60 million in a Series A round that will be used for the upcoming flight-test […]
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Business/FinancialPixxel Targets US Growth, New Sensing Tech With $100M Raise
Hyperspectral satellite startup Pixxel completed a $100 million funding raise that the company says will fuel its growth in the U.S. and expansion into sensing technologies beyond hyperspectral. Temasek and Seraphim led […]
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Unmanned SystemsAEVEX Completes $600 Million Acquisition Of USV Manufacturer BlackSea
AEVEX Corp. [AVEX] on Tuesday said it has closed its $600 million acquisition of BlackSea Technologies, adding design, development and manufacturing capabilities of unmanned surface vessels (USVs) and unmanned undersea […]
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Air ForceGE Aerospace Bids $11.5 Billion for Cleveland-Based Engine Castings Maker
Cincinnati’s GE Aerospace [GE] said on Tuesday that it is to buy Cleveland-based Consolidated Precision Products (CPP) a 6,600 employee maker of military and commercial engine castings, for $11.5 billion, […]
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SpaceStoke Space Raises $1 Billion As Startup Approaches First Launch
Stoke Space on Tuesday said it has raised $1 billion in a new funding round that will help support the first launch of its Nova rocket in early 2027 and […]
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Air ForceL3Harris Announces Production Completion of First 35 Viper Shields
L3Harris Technologies [LHX] said on Sept. 3 that it has finished production of the first 35 AN/ALQ-254 Viper Shield electronic warfare and countermeasure systems in a planned buy of 233 […]
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Unmanned SystemsSoftware And Robotics Company XTEND Set For Public Debut Following Reverse Merger
XTEND AI Robotics, the new name for XTEND following a reverse merger with JFB Construction Holdings, on Friday will begin trading on the New York Stock Exchange with new resources […]
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Advanced / Transformational TechnologyHermeus Selects Anduril’s Mission Autonomy Platform For Unmanned Supersonic Aircraft
Anduril Industries has been selected by unmanned supersonic aircraft developer Hermeus to integrate its Lattice mission autonomy software on the Quarterhorse Mk2 aircraft to enable collaborative missions with a nod […]
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Air ForceGE Aerospace Continues XA102 Work, Looks for Future USAF Timeline Guidance
LYNN, Mass.—GE Aerospace [GE] said that it is working on hardware and supplemental testing for the company’s XA102 engine to meet timelines the U.S. Air Force lays out for the […]
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Unmanned SystemsHeven AeroTech Opens New Drone Manufacturing Facility In Virginia
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. […]