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Space

Momentus Signs SDA Deal, But Risks Running Out of Funds

By Rachel Jewett

Thursday, August 17th, 2023

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Momentus Signs SDA Deal, But Risks Running Out of Funds

A rendering of Momentus’ Vigoride in-space shuttle. Photo: Momentus

The Space Development Agency (SDA) has awarded Momentus a small business innovation research (SBIR) award to tailor its orbital service vehicle for Department of Defense needs. However, the company faces dwindling cash reserves and must raise additional capital to continue operating. Momentus, whose CEO is former senior Pentagon policy official John Rood, released its second quarter financials on Monday, marking its first $1 million quarter, with $1.7 million in revenue. This was a major jump from revenue in the same time last year of…

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]

Army

Army Taking ‘More Refined’ Approach On Push For Right To Repair Reforms, Obadal Says

After lawmakers decided against including major “right to repair” reforms in the latest defense policy bill, a senior Army official has said the service is continuing its push for authorities […]

Unmanned Systems

Counter-Drone Needs Will Be Addressed In Next NDAA Based On Iran War Lessons, Banks Says

A Republican senator on Armed Services Committee on Thursday said that defending against Iranian drones has been challenge for U.S. warfighters and will be an area of focus in the […]