Defense Daily

Lockheed Martin [LMT] awarded L3Harris Technologies [LHX] a $4.7 billion undefinitized contract award for the propulsion systems of the Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) interceptor, L3Harris said […]

The number of Ukrainian artificial intelligence (AI)-guided drone strikes has jumped tenfold this year, according to the Ukrainian Ministry of Defense (MoD) and Brave1, Ukraine’s defense technology accelerator. The Ministry […]

Poseidon Aerospace, which is developing unmanned cargo aircraft for commercial and defense logistics, has raised $60 million in a Series A round that will be used for the upcoming flight-test […]

Hyperspectral satellite startup Pixxel completed a $100 million funding raise that the company says will fuel its growth in the U.S. and expansion into sensing technologies beyond hyperspectral. Temasek and Seraphim led […]

AEVEX Corp. [AVEX] on Tuesday said it has closed its $600 million acquisition of BlackSea Technologies, adding design, development and manufacturing capabilities of unmanned surface vessels (USVs) and unmanned undersea […]

Northrop Grumman [NOC] has been awarded a $111.4 million contract to maintain, overhaul and repair ship service turbine generators aboard the Navy’s Virginia-class nuclear-powered attack submarine fleet. The firm-fixed-price and […]

Cincinnati’s GE Aerospace [GE] said on Tuesday that it is to buy Cleveland-based Consolidated Precision Products (CPP) a 6,600 employee maker of military and commercial engine castings, for $11.5 billion, […]

Lockheed Martin [LMT] has received a $90.2 million contract modification for “advanced design and development” work supporting the Navy’s Trident II D5 submarine-launched ballistic missile life extension program, the Pentagon […]

Stoke Space on Tuesday said it has raised $1 billion in a new funding round that will help support the first launch of its Nova rocket in early 2027 and […]