Business/Financial
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Business/FinancialShield AI Raises $2 Billion; Acquiring Software Simulation Company Aechelon To Strengthen AI Pilot
Shield AI on Thursday said it has raised $2 billion in new funding, including a $1.5 billion Series G round to buy defense software firm Aechelon and continue development of […]
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Business/FinancialPDW Raises $110 Million To Expand Offerings, Increase Drone Production
Drone startup Performance Drone Works (PDW) has raised $110 million in a new funding round to expand its product offerings, ramp production and pursue other strategic programs. The Series B […]
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Business/FinancialDoD In New Framework Deals To Speed Production Of PrSM, THAAD Seekers, Various Subsystems
The Defense Department Wednesday morning announced additional framework agreements with Lockheed Martin [LMT], BAE Systems and Honeywell [HON] to quadruple production of Precision Strike Missiles (PrSM) and seekers for the […]
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Business/FinancialScience Committee Dem Wants Commerce Department To Explain USA Rare Earth Investment
The top Democrat on the House Science, Space, & Technology Committee is alarmed over the Commerce Department’s pending $1.6 billion investment in a critical minerals company, noting that details remain […]
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PentagonFunding To Support Multi-Year Missile Production Deals Expected In Iran Supplemental, FY ’27 Request
Spending to back up framework agreements the Pentagon has negotiated with at least two defense contractors to demonstrate long-term demand for certain missile systems will be requested in the forthcoming […]
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Business/FinancialSwarmer To Raise Up To $17.25 Million In IPO; Trading Starts Today
Drone autonomy company Swarmer late Monday announced its initial public offering (IPO) with three million shares of common stock priced at $5 apiece, with a 30-day option for the underwriter […]
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Business/FinancialEarnings, Sales Fall At SAIC In Fourth Quarter On Shutdown, Enterprise IT Headwinds
Science Applications International Corp. [SAIC] on Monday posted lower earnings and sales in its fourth quarter stemming from the federal government shutdown last fall, a shift away from commoditized enterprise […]
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Business/FinancialAeroVironment Expands Manufacturing Capacity, UAS Products, With ESAero Acquisition
AeroVironment [AVAV] on Monday said it has acquired Empirical Systems Aerospace, Inc. (ESAero) in a $200 million deal that adds manufacturing, design and prototyping capacity, complimentary expertise in electric and […]
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Air ForceUse Of Commercial Imagery Under TacSRT Likely To Grow, Space Force Official Says
Military use of commercial imagery through Space Systems Command’s tactical surveillance, reconnaisance, and tracking (TacSRT) effort is likely to grow, a U.S. Space Force official said on Friday. TacSRT has […]
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Business/FinancialRambeau Departs L3Harris To Lead Karman; Mehta Adds To Roles
L3Harris Technologies [LHX] on Thursday said it has appointed Sam Mehta as president of the Communications & Spectrum Dominance segment in addition to his role leading the Space & Mission […]