Business/Financial
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Business/FinancialRTX Posts Strong Second Quarter But Lowers Earnings Outlook On Tariff Headwinds
RTX [RTX] on Tuesday reported strong top and bottom-line gains in its second quarter led by its defense and Collins Aerospace segments but the company lowered its earnings guidance for […]
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Advanced / Transformational TechnologyBooz Allen Triples Venture Funding Commitment To $300 Million
Having expended most of the $100 million it set aside three years ago in venture capital funding, Booz Allen Hamilton [BAH] has tripled its venture commitment to $300 million for […]
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Business/FinancialRune Technologies, Software Developer For Comprehensive Logistics, Raises $24 Million
Rune Technologies, a startup developing artificial intelligence-enabled software for managing, tracking, and predicting military logistics across all echelons, has closed a $24 million funding round it will invest to scale […]
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Business/FinancialYork Space Systems To Acquire Global Ground SatCom Company ATLAS Space
Satellite developer and operator York Space Systems last Friday said it has agreed to acquire ATLAS Space Operations, adding a global provider of satellite communications ground infrastructure that together York […]
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Advanced / Transformational TechnologyHadrian Raises $260 Million For New Factory As It Dials Up For Defense
Advanced manufacturer Hadrian on Thursday said it raised $260 million in a new funding round that will be used for a new production facility in Arizona, and a new corporate, […]
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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 […]