:

Business/Financial

CesiumAstro, Second Front Systems, and X-Bow Record Top Jumps in Startup Rankings

Frank Wolfe

Friday, July 12th, 2024

SHARE:

CesiumAstro, Second Front Systems, and X-Bow Record Top Jumps in Startup Rankings

CesiumAstro’s Vireo payload is comprised of three units (from left to right): a receive antenna, a transmit antenna, and a reconfigurable processing unit (Photo: CesiumAstro)

CesiumAstro Space & Defense Systems, Second Front Systems, and X-Bow Systems had the highest yearly jumps in the Silicon Valley Defense Group's (SVDG) rankings of the top 100 venture capital-backed defense and dual use companies, according to SVDG's second annual survey. Founded in 2017, the Austin, Texas-based CesiumAstro climbed 63 places from 97th to 34th. Second Front, a Wilmington, Del.-based software firm established in 2014, jumped 56 spots from 84th to 28th, and Albuquerque's X-Bow vaulted 50 places from 77th…

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]

Congress

All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]