Business/Financial
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Unmanned SystemsONDAS To Acquire German Aircraft Manufacturer; Plans Production Expansion
Ondas Inc. [ONDS] last week said it has agreed to acquire German aircraft manufacturer Stemme Gmbh, whose S12 composite aircraft is the basis for the company’s unmanned ULTRA long-endurance, multi-sensor […]
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Advanced / Transformational TechnologyDoD Signs $250 Million Conditional Loan Commitment With U.S. Battery Materials Company
The Defense Department’s Office of Strategic Capital (OSC) on Thursday said it has signed a $250 million conditional loan commitment with 6K, Inc., to scale the company’s advanced battery materials […]
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Unmanned SystemsShield AI Acquiring Radar Manufacturer Echodyne For $5.3 Billion In C-UAS Play
Making a big play to diversify its business into the fast-growing counter-drone and airspace security markets, Shield AI on Thursday said it has agreed to acquire radar developer and manufacturer […]
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Navy/USMCHII Picks Eastern Shipbuilding Group To Build LPD-32 Modules, First Flight II LPD Finishes Builder’s Trials
HII [HII] Ingalls Shipbuilding selected Eastern Shipbuilding Group, Inc. (ESG) to build structural modular units for the future USS Philadelphia (LPD-32), set to be the third San Antonio-class Flight II […]
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SpaceLeoLabs Up For $150 Million Loan From DoD To Expand Space Domain Awareness Network
The Defense Department’s Office of Strategic Capital (OSC) has made a $150 million conditional loan commitment to LeoLabs to expand the company’s global network of radars that look upward to […]
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Business/FinancialLockheed Martin Invests $420 Million To Expand Missile Operations In Arkansas
Lockheed Martin [LMT] is investing $420 million in capital to expand missile production facilities in Camden, Ark., the state’s economic development authority said this week. The investment will expand production […]
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Unmanned SystemsCorridian, Developer Of ‘Ultra-Large’ AUVs for Stealth Logistics, Other Roles Emerges With $38 Million
Corridian, which is developing “ultra-large” autonomous underwater vehicles (AUVs) to covertly carry and delivery cargo thousands of nautical miles, on Tuesday emerged from stealth with a $38 million seed round […]
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Business/FinancialLeidos CEO Sees $1 Billion In Annual Munitions Sales By 2030
The suite of missile products that Leidos [LDOS] has in development or low-rate production will amount to $1 billion in annual sales by 2030, the company’s top executive said on […]
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Business/FinancialLeidos Touts Supplier Alignment As It Readies To Produce New Cruise Missiles
Leidos [LDOS] in October hosted a supplier summit to align its partners on plans to begin scaling production of two new cruise missiles in development for Defense Department customers, the […]
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Unmanned SystemsDoD Taking Equity Stake In Drone Manufacturer Neros With Planned $450 Million Loan
The Defense Department’s Office of Strategic Capital (OSC) has signed a $450 million conditional loan commitment with drone developer and manufacturer Neros, Inc., to include an equity stake in the […]