:

Business/Financial

Lockheed Martin Ventures Participates In Funding Round For Xona Space

By Cal Biesecker

Wednesday, August 3rd, 2022

SHARE:

Lockheed Martin Ventures Participates In Funding Round For Xona Space

Xona Engineer Nick Manglaviti setting up hardware-in-the-loop testing at Xona’s R&D lab in San Mateo, California. (Photo: Xona Space Systems)

Xona Space Systems, a small company developing low earth orbit (LEO) satellites for global positioning and navigation services as an alternative to the GPS constellation, has closed a new funding round that includes Lockheed Martin’s [LMT] investment arm. The latest funding round, led by First Spark Ventures, brings California-based Xona’s total funding to over $25 million. Xona said the new funding will accelerate its development of its Pulsar system, which the company says will “provide resilient and trusted centimeter-level position…

Missile Defense

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’

While there has been criticism among missile defense advocates of Golden Dome’s development pace after the signing of an executive order in January last year, Space Force Gen. Michael Guetlein, […]

Missile Defense

Interview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]

Space

Space Force PAE For Infrastructure Completing Move To Colorado Springs

U.S. Space Force Space Systems Command’s (SSC) Portfolio Acquisition Executive (PAE) for infrastructure–a $4 billion contracting hub for SSC–is completing a move from Los Angeles Air Force Base, Calif. to […]

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]