Sign In
Search
Business/Financial

Low-Cost Radar Developer Echodyne Closes $135 Million Investment Round

Cal Biesecker By
SHARE:
Low-Cost Radar Developer Echodyne Closes $135 Million Investment Round
Bushmaster chain gun including Echodyne radar mounted on a pick-up truck. Photo: Northrop Grumman

Echodyne on Monday said it has closed a $135 million fundraising round that it will use to expand its workforce in all areas, including sales and marketing, product development and manufacturing as it prepares for an expected uptick in growth for its radar products, which are low-cost, low-power and low-weight. The funding round was co-led by the United Kingdom-based investment firm Baillie Gifford, a new investor, and Bill Gates, an existing investor, and also includes Northrop Grumman [NOC], New Enterprise…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Turbojet Engine Manufacturer PBS Aerospace In Subcontract With Zone 5

Business/Financial

Pentagon Invests To On-Shore Optical Display Supply Chain

Business/Financial

Leonardo DRS Ends Strong Year With Robust Fourth Quarter

Business/Financial

Lockheed Martin Invests In Developer Of Manufacturing System For Large Composite Parts

Trending

Defense Watch: F-47 Engine, Army News, Leidos Realigns, New SRM Facility
Hegseth Hints At Potential Boeing Deal To Work Rapidly On ‘Exquisite Systems’ For Munitions
Anduril Gets $44 Million In DPA Funding To Expand Rocket Motor Production
Venom Prototype Flew 71 Days After Design Start, Mach Industries and Divergent Technologies Say
Contract Awards

Contract Updates

R&M Government Services (Las Cruces, New Mexico) – $23,894,784

R&M Government Services,* Las Cruces, New Mexico, has been awarded a maximum $23,894,784 firm-fixed-price, indefinite-quantity contract for battery compartments. This was a sole-source acquisition using justification 10 U.S. Code 3204 (a)(1), as stated in the Federal Acquisition Regulation 6.302-1. This…

L3Harris Technologies Inc. (Clifton, New Jersey) – $9,571,947

L3Harris Technologies Inc., Clifton, New Jersey, is being awarded $9,571,947 for a firm-fixed-price contract for the procurement of 74 radio frequency amplifiers in support of Navy F/A-18E/F/G aircraft. The contract does not include an option provision. All work will be…

Sikorsky Aircraft Corp. a Lockheed Martin Co. (Stratford, Connecticut) – $21,600,000

Sikorsky Aircraft Corp., a Lockheed Martin Co., Stratford, Connecticut, is awarded a not-to-exceed $21,600,000 cost reimbursable undefinitized order (N0001926F1016) against a previously issued basic ordering agreement (N0001923G0002). This order provides for instantaneous access to 105% Transient Engine Torque test and…

Amentum Mitie Pacific LLC (Chantilly, Virginia) – $85,236,794

Amentum Mitie Pacific LLC, Chantilly, Virginia, is awarded an $85,236,794 fixed-price-award-fee, indefinite-delivery/indefinite-quantity contract for base operating support services at Navy Support Facility, Diego Garcia. Work will be performed at Diego Garcia, British Indian Ocean Territory, and is expected to be…

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume