Business/Financial
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Business/FinancialL3Harris Set For Major Expansion Of Large Rocket Motor Production Facilities
L3Harris Technologies [LHX] is set to break ground an expansion of its large solid rocket motor (LSRM) facilities in Arkansas the company said provide a six-fold increase in production capacity. […]
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Business/FinancialFirestorm Labs Raises $47 Million With Help From Lockheed, Booz Allen To Scale Manufacturing
Firestorm Labs, which has developed and expeditionary manufacturing capability for “point-of-need production” for drones and their parts, has raised $47 million in a Series A round that will be put […]
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Business/FinancialChariot Defense, Offering Power Management At The Edge, Exits Stealth
Venture-backed power management startup Chariot Defense on Wednesday emerged from stealth with an $8 million seed round it has been using for hiring and product development as the San Franciso-based […]
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Unmanned SystemsSaildrone Envisions European Expansion After Baltic Sea Exercises
The founder and CEO of unmanned surface vessel (USV) company Saildrone said the company is ripe for significant expansion to more European customers following a June NATO test and demonstration […]
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PentagonCongressionally Established DoD Progress Payment Pilot Program On Hold
Section 874 of the fiscal 2024 National Defense Authorization Act authorized the DoD acquisition chief to “establish and implement a pilot program to incentivize contractor performance by paying covered contractors […]
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Advanced / Transformational TechnologyBooz Allen Invests In Cybersecurity Firm Focused On Machine Identity
Booz Allen Hamilton [BAH] on Thursday said its venture capital unit has made a strategic investment in Corsha Inc., which provides secure machine-to-machine communication to protect operational technology. The value […]
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Business/FinancialDoD Spending On Startups Doubles But Remains Scant Overall, SVDG Report Says
Spending by the Defense Department in 2024 on the top 100 startups with dual-use and defense technology more than doubled versus 2023 but remains less than 1 percent of the […]
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PentagonDefense Department Seeks Public Input On Trump’s Acquisition Reform Order
The Defense Department on Wednesday asked for public comment on a presidential directive to reform how the department acquires stuff, including mandating a preference for commercial solutions. The public has […]
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Business/FinancialLockheed Martin Helping Havoc AI To Speed USV Development
HavocAI on Tuesday said it is collaborating with Lockheed Martin’s [LMT] Ventures unit to accelerate the development and production of autonomous medium unmanned surface vessels (mUSVs). Lockheed Martin Ventures typically […]
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SpaceImagery Support for Ukraine in “Early Access” Agreement by BlackSky
BlackSky Technology [BKSY] has two Generation-3 Earth imaging satellites on orbit and plans to have six up by the end of the year, as the company said on Tuesday that […]