CACI International Inc (NYSE: CACI) announced it has entered into a definitive agreement to acquire Azure Summit Technology for $1.275 billion in an all-cash transaction. This acquisition aims to strengthen CACI’s capabilities in national security by enhancing its offerings in intelligence, surveillance, reconnaissance (ISR), electronic warfare (EW), and signals intelligence … [Read more...] about CACI to acquire Azure Summit Technology for $1.275 billion
Capella Space Awarded a $15M Contract with the U.S. Air Force
Capella Space secures strategic funding to accelerate innovation towards its next generation of SAR satellites 08:00 AM Eastern Daylight Time SAN FRANCISCO, September 16, 2024 - Capella Space Corp., an American space tech company with data and satellite solutions for government and commercial applications, today announced its selection for an AFWERX Ventures Strategic … [Read more...] about Capella Space Awarded a $15M Contract with the U.S. Air Force
US Navy Awards L3Harris $587 Million Contract for Next Generation Jammer – Low Band Program
SALT LAKE CITY, September 12, 2024 - L3Harris Technologies (NYSE:LHX) has received a five-year contract, worth up to $587.4 million, to deliver custom tactical jamming pods designed to modernize the U.S. Navy’s Aerial Electronic Attack capability. The Next Generation Jammer – Low Band (NGJ-LB) is an advanced airborne electronic warfare system. L3Harris’ solution consolidates … [Read more...] about US Navy Awards L3Harris $587 Million Contract for Next Generation Jammer – Low Band Program
Reliable Robotics Performs Automated Cargo Deliveries for U.S. Air Force
MOUNTAIN VIEW, Calif., August 26, 2024 - Reliable Robotics, a leader in autonomous aircraft systems, today announced that it recently completed a series of automated missions across airfields in California and Nevada for the Department of the Air Force. In conjunction with Air Combat Command, Reliable demonstrated aircraft automation capabilities as part of the Agile Flag 24-3 … [Read more...] about Reliable Robotics Performs Automated Cargo Deliveries for U.S. Air Force
Israel Ministry of Defense Signs Over $23 Million Deal with Ashot Ashkelon for Merkava Tank and Namer APC Components
Israel Ministry of Defense Signs Over $23 Million Deal with Ashot Ashkelon for Merkava Tank and Namer APC Components. pic.twitter.com/sYncYPWeG8— Ministry of Defense (@Israel_MOD) August 21, 2024 … [Read more...] about Israel Ministry of Defense Signs Over $23 Million Deal with Ashot Ashkelon for Merkava Tank and Namer APC Components
Electra Awarded $20 Million from U.S. Department of Defense Under the Defense Production Act
(All amounts in US dollars unless otherwise stated) TORONTO, August 19, 2024 - Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”), a processor of low-carbon, ethically-sourced battery materials, announced today that it has been awarded $20 million by the U.S. Department of Defense. The award was made pursuant to Title III of the … [Read more...] about Electra Awarded $20 Million from U.S. Department of Defense Under the Defense Production Act
Elbit Systems Reports Q2 2024 Financial Results with Strong Revenue Growth Amidst Ongoing Conflict
Elbit Systems Ltd., a leading international defense technology company, released its financial results for the second quarter of 2024, reporting a 12% increase in year-over-year revenues, reaching $1.626 billion. This growth was primarily driven by increased demand across various sectors, including C4I and Cyber, ISTAR and EW, and Land systems, especially in response to the … [Read more...] about Elbit Systems Reports Q2 2024 Financial Results with Strong Revenue Growth Amidst Ongoing Conflict
Epsilor Unveils Groundbreaking High Voltage Military Battery System Based on Standard NATO 6T Batteries
BEIT SHEMESH, Israel, Aug. 8, 2024 /PRNewswire/ -- Epsilor Electric Fuel Ltd., a recognized developer and manufacturer of smart Li-Ion batteries and chargers, announces the launch of its cutting-edge Military High Voltage Battery System. Based on Epsilor's NATO standard 6T batteries, stacking up to 1,000V. Epsilor's COMBATT 6T Li-Ion battery, has an unprecedented capacity of … [Read more...] about Epsilor Unveils Groundbreaking High Voltage Military Battery System Based on Standard NATO 6T Batteries
Anduril Industries Reaches $14 Billion Valuation in Latest Funding Round, Pioneering the Future of Defense Technology
Anduril Industries, a defense technology startup known for its cutting-edge AI and autonomous systems, has recently achieved a remarkable milestone. In a new funding round, the company has hit a staggering $14 billion valuation, underscoring its rapid growth and the increasing demand for advanced defense solutions. This valuation marks a significant leap for Anduril, which has … [Read more...] about Anduril Industries Reaches $14 Billion Valuation in Latest Funding Round, Pioneering the Future of Defense Technology
General Dynamics Electric Boat awarded $1.3 billion contract modification for long lead time material for Virginia-class submarines
GROTON, Conn., Aug. 5, 2024 - General Dynamics Electric Boat, a business unit of General Dynamics (NYSE: GD), announced today it has been awarded a $1.3 billion undefinitized contract modification allowing Electric Boat to purchase long lead time materials for Virginia Class Block VI submarines as detailed in the U.S. Department of Defense contract award. "This contract … [Read more...] about General Dynamics Electric Boat awarded $1.3 billion contract modification for long lead time material for Virginia-class submarines