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Business/Financial

New Venture Investments Announced In AI, Chips And Space


1 hour ago by Cal Biesecker
@calvinb21

Several new venture funding raised were announced on Tuesday, including an $8.4 million seed round by space computer and autonomous spacecraft startup Aethero for further technology development. Aethero, based in […] ...

Independent Review Team on SDA Submits Report to Pentagon


5 days ago by Frank Wolfe

On the docket for Michael Duffey, the newly installed Pentagon acquisition chief, will be his review and implementation of the closely held recommendations of the DoD Independent Review Team (IRT) […] ...

GE Plans Summer Full-Scale Test of DMRJ in Evendale


6 days ago by Frank Wolfe

By the end of the summer, GE Aerospace [GE] plans to conduct a full-scale test in Evendale, Ohio of the company’s dual-mode ramjet (DMRJ) hypersonic engine with rotating detonation combustion (RDC) […] ...

In-Space Mobility Startup Impulse Space Garners $300 Million In New Funding Round


6 days ago by Cal Biesecker
@calvinb21

Impulse Space this week said its raised $300 million in a Series C funding round to scale production and add talent to meet demand for its in-space mobility vehicles. The […] ...

Lockheed Martin Unveils All Comers ‘Fight Club’ To Test Out AI Models In Virtual Arena


7 days ago by Cal Biesecker
@calvinb21

Lockheed Martin [LMT] is developing a virtual arena it dubs “AI Fight Club” that will open later this year to allow companies and teams to test their artificial intelligence models […] ...

Ex-Boeing Exec Nordlund To Lead Oshkosh’s Defense Business


7 days ago by Cal Biesecker
@calvinb21

Oshkosh Corp. [OSK] on Tuesday said it has hired former Boeing [BA] executive Steve Nordlund to run its new Transport segment, which is the truck manufacturer’s renamed defense segment that […] ...

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