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The clarification is more useful than the announcement it clarifies. IonQ has been awarded $28 million, not $58 million. The $28 million is a modification to an existing DARPA agreement under the It's About Time program, and it covers manufacturing development plus 25 Evergreen-05 optical atomic clocks. The other $30 million is an option DARPA has not exercised. If it is … [Read more...] about IonQ (IONQ) DARPA Clock Award: $28 Million Contracted, $300,000 Per Clock in the Option

Aurelius Systems has secured $40 million in Series A funding to accelerate the development and production of its autonomous counter-drone platform, underscoring growing investor confidence in directed-energy defense technologies as drone warfare rapidly evolves. The funding round was co-led by Draper Associates and KAS Venture Partners, with participation from General … [Read more...] about Aurelius Systems Raises $40M to Scale Autonomous Counter-Drone Defense

Antares announced a $470 million Series C on July 27, structured as $370 million in equity and $100 million in debt, co-led by Paradigm and Caffeinated Capital with participation from Point72 Ventures, Shine Capital, and Industrious Ventures. The Torrance-based company, founded in 2023, has now raised more than $600 million to build compact fission microreactors for defense … [Read more...] about Antares Raises $470 Million to Field Nuclear Microreactors on U.S. Military Bases by 2028

L3Harris announced two framework agreements within the same hour on July 27, both signed with the Department of War and prime contractor Lockheed Martin, both running seven years, and both aimed at the same bottleneck. The first quadruples propulsion production for the Terminal High Altitude Area Defense system. The second nearly triples output of propulsion products supporting … [Read more...] about L3Harris Signs Seven-Year Frameworks to Quadruple THAAD Propulsion and Nearly Triple PAC-3 MSE Motor Output

I'm generally skeptical of defense-tech valuations that double in a matter of months, because most of them are pricing in a procurement win that hasn't happened yet rather than anything that shipped. Anduril going from a $61 billion round in May to talks around $100 billion now reads, on the surface, like exactly that pattern. I don't think it's just hype this time, and the … [Read more...] about Anduril’s $100 Billion Talks Assume a Capability Gap the UK and US Just Tried to Measure

Arkenstone Defense has come out of stealth with $35 million in seed funding aimed at a problem that has quietly throttled the Pentagon's push for commercial innovation: the sheer operational burden of becoming a government contractor. The round was led by J2 Ventures, with Susa Ventures, Granite Hill Capital Partners, and Artis Ventures also participating. The pitch is … [Read more...] about Arkenstone Defense Emerges From Stealth With $35 Million to Fix Pentagon’s Commercial Onboarding Problem

NATO Secretary General Mark Rutte announced at the NATO summit in Ankara, Türkiye, that the Alliance will open formal negotiations with Saab over the potential acquisition of up to ten GlobalEye Airborne Early Warning & Control (AEW&C) systems. No contract has been signed and no order has been placed at this stage, but the announcement confirms GlobalEye as NATO's selected … [Read more...] about NATO to Begin Formal Negotiations with Saab for Up to Ten GlobalEye AEW&C Aircraft

SES's wholly-owned subsidiary, SES Space & Defense, has won a five-year Blanket Purchase Agreement (BPA) with the U.S. Space Force's Space Systems Command to deliver managed satellite services. The agreement gives the Department of War a fast, streamlined way to order global Ku-band connectivity for personnel and assets operating in remote locations. The BPA is built around … [Read more...] about SES Space & Defense Secures Five-Year Space Force Satellite Services Contract

Lockheed Martin (NYSE: LMT) and Rheinmetall have signed a memorandum of understanding to establish co-production of ATACMS missiles in Europe, announced during the NATO Summit Defense Industry Forum. The agreement, backed by both the U.S. and German governments, lays the groundwork for a joint venture that would become the first European center of excellence for manufacturing, … [Read more...] about Lockheed Martin and Rheinmetall Sign MOU for European ATACMS Co-Production