Business/Financial
-
Advanced / Transformational TechnologyAuriga Space Introduces Hypersonic Materials Testing; Notches First Customer
Auriga Space, a startup developing testing capabilities to support hypersonic weapons development, on Wednesday launched what it says is the first commercial capability to support weather effects testing for hypersonic […]
-
Business/FinancialPrivate Equity Firm Arcline Investment To Acquire Avantus Aerospace Group
Arcline Investment Management on Wednesday said it has agreed to acquire Avantus Aerospace Group, a provider of ships and fasteners for aerospace and defense customers. Terms of the deal were […]
-
PentagonPentagon Office Of Strategic Capital Expanding, Focusing On Loans Between $1 Billion And $5 Billion
Established in 2022 during the Biden administration, the Pentagon’s Office of Strategic Capital (OSC) is expanding, its director said on Tuesday. OSC originally had $984 million in authority for equipment […]
-
Business/FinancialRocket Lab’s End-to-End Vision Comes Into Focus With ‘Transformative’ Iridium Deal
Rocket Lab’s [RKLB] vision to become an end-to-end space company came into full focus with a move to acquire Iridium Communications [IRDM] on Monday — taking the launcher and manufacturer […]
-
Business/FinancialHoneywell Aerospace Begins Trading On Nasdaq
Honeywell Technologies [HON] on Monday completed the spin-off of its former aerospace business, Honeywell Aerospace [HONA], which began trading on the Nasdaq the same day. Honeywell’s board earlier this month […]
-
Unmanned SystemsMARTAC Partners With Intrepid Powerboats To Build Hundreds Of USVs
Florida-based Unmanned Surface Vehicle (USV) developer Maritime Tactical Systems, Inc. (MARTAC) said that it is teaming with another Florida boatbuilder, Intrepid Powerboats, to scale up production of the T38 Devil […]
Tagged in: -
PentagonContractor Progress Payments Increased to 90 Percent, As RFO Moves Into Formal Rulemaking
Monthly progress payments for defense contractors increase to 90 percent under the Revolutionary FAR Overhaul (RFO), as the latter’s first four proposals moved into formal rule making on Tuesday. RFO […]
Tagged in: -
Business/FinancialMDA Space to Acquire Blue Canyon from Raytheon to Reach US Defense Market
MDA Space is acquiring spacecraft manufacturer Blue Canyon Technologies from Raytheon [RTX] to give the company a direct position in the U.S. defense market. The acquisition will give the Canadian space company a “strategic […]
Tagged in: -
PentagonEnergy Fuels Gets DoD Investment To Expand Into Expand Rare Earth Supply Chains
The Defense Department’s Office of Strategic Capital (OSC) has agreed to loan $725 million to Energy Fuels, Inc. [UUUU], to help the company expand its business from uranium production to […]
-
Business/FinancialTrump Leverages Defense Production Act To Boost Munitions Collaboration Within Industry
President Donald Trump last week invoked a decades old law that gives the federal government emergency authorities to control domestic industries, in this case enabling the defense industrial base around […]