Business/Financial
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SpaceWashington Harbour Partners Invests In Mission Solutions Firm Trusted Space
Washington Harbour Partners on Thursday said it has taken a “significant minority stake” in the space mission engineering company Trusted Space, an investment that will be put toward enhancing existing […]
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Business/FinancialEarnings, Sales Fall In SAIC’s Third Quarter; Interim CEO Reagan Outlines Priorities
Science Applications International Corp. [SAIC] on Thursday posted top and bottom-line declines in its third quarter although the company increased its sales guidance due to new acquisition and its adjusted […]
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Business/FinancialStalker XE Block 25 And Alta X 2.0 Drones Part Of Skunk Works Test Of Artificial Intelligence Re-Planning
Lockheed Martin‘s [LMT] Skunk Works division said on Thursday that it used artificial intelligence to demonstrate how one drone facing fuel problems could return to base while another unmanned aerial […]
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Business/FinancialDavie Defense Completes Acquisition Of Texas-Based Shipyards
Davie Defense on Wednesday said it has completed its acquisition of Gulf Copper & Manufacturing Corp.’s shipbuilding assets in Texas, which will support the Coast Guard’s future Arctic Security Cutter […]
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Business/FinancialApplied Aerospace And PCX Aerosystems Merge To Scale Aerospace Manufacturing Capabilities
Two aerospace suppliers, Applied Aerospace and PCX Aerosystems, are merging to create greater scale as a supplier of precision hardware and systems for aircraft, rotorcraft, satellites, launch vehicles, and missile defense. Both companies […]
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Business/FinancialFTC Requires Boeing To Divest Certain Spirit Assets To Win Deal Approval
Boeing [BA] must divest certain assets of Spirit AeroSystems [SPR] and maintain the company’s position as a supplier to competitors for military aircraft programs to earn the federal government’s approval […]
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Business/FinancialSaronic Invests $300 Million To Add Production Capacity To Louisiana Shipyard
Autonomous surface vessel developer and manufacturer Saronic on Wednesday said it is investing $300 million to add 300,000 square feet of production capacity to its shipyard in Franklin, La., to […]
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Advanced / Transformational TechnologyApplied Intuition, SNC Partner On Autonomy For Mobile Air Defense Systems
Vehicle autonomy solutions developer Applied Intuition is integrating its technology into mobile missile defense and counter-drone platforms developed by SNC to reduce personnel risk, minimize manpower needs, and lower costs […]
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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 […]