Business/Financial
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Air ForceLockheed Martin Vectis To Have ‘Almost F-35 Like Capabilities’
As the U.S. Air Force considers whether Increment 2 of its Collaborative Combat Aircraft (CCA) program will feature more attritable or more advanced drones, or a mix of those, Lockheed […]
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Business/FinancialU.K. Defense Firm OpenWorks Expands Into U.S. Market
Britain’s OpenWorks Engineering, which specializes on counter-drone, air defense and surveillance technologies, has opened a U.S. headquarters in Northern Virginia and plans to open a manufacturing facility in Detroit this […]
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Business/FinancialHanwha Ups Munitions Investment At Pine Bluff To $2.2 Billion
Hanwha Defense USA (HDUSA) on Monday cut the ribbon on its new administration headquarters at the U.S. Army Pine Bluff Arsenal, where it plans a new munitions manufacturing campus. Hanwha […]
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Business/FinancialEnduroSat and CACI to Build Vantor’s Pulse Smallsat Fleet
Vantor has selected EnduroSat and CACI to provide the satellite bus and payloads for its upcoming Pulse fleet, the company’s move into the smallsat imaging market. Bulgaria-based EnduroSat will build buses for the 24 satellites […]
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Business/FinancialDoD Makes $450 Million Equity Investment In Domestic Tungsten Supplier The Elmet Group
The Defense Department on Monday said it has taken a $450 million equity stake in The Elmet Group [ELMT] that the Maine-based company will use to support a more vertically […]
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Advanced / Transformational TechnologyHermeus Offering High-Mach Test Services With New Ramjet-Powered Vehicle
Hermeus on Wednesday introduced Ramjet-X, an expendable ramjet-powered vehicle that will launch from its reusable Quarterhorse unmanned supersonic aircraft to offer low-cost, high-Mach flight testing-as-service. The Ramjet-X’s ramjet engine is […]
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Business/FinancialDefense Startup Covenant Opens Dallas Site To Build Thousands Of Anthem Low-Cost Missiles
Defense startup Covenant is opening a facility in Dallas on Wednesday to start building thousands of its new Anthem low-cost, long-range missiles, with deliveries to begin later this year to […]
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Navy/USMCHII Executive Outlines Its Shipbuilding Acceleration Strategy
An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]
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Unmanned SystemsUnmanned Cargo Aircraft Startup Poseidon Aerospace Raises $60 Million Ahead Flight Testing
Poseidon Aerospace, which is developing unmanned cargo aircraft for commercial and defense logistics, has raised $60 million in a Series A round that will be used for the upcoming flight-test […]
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Business/FinancialPixxel Targets US Growth, New Sensing Tech With $100M Raise
Hyperspectral satellite startup Pixxel completed a $100 million funding raise that the company says will fuel its growth in the U.S. and expansion into sensing technologies beyond hyperspectral. Temasek and Seraphim led […]