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Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, has announced financial results for the third quarter of 2024, ending September 30. The company reported revenues of $812 million, a 16% increase year-over-year, and net earnings of $57 million, up 21%. Adjusted EBITDA rose 22% to $100 million, demonstrating the company’s sustained growth. … [Read more...] about Leonardo DRS Reports Strong Q3 2024 Results; Revenue and Profitability Surge

Israel has made considerable strides in its defense technology by introducing the Iron Beam laser weapon system, expected to be operational as early as next year. This innovative system is being developed as a high-energy laser-based defense mechanism, intended to provide an additional layer of protection against aerial threats. Unlike traditional missile interceptors, Iron … [Read more...] about Iron Beam: Israel’s Cutting-Edge Defense Against Aerial Threats

Total Army investment in Black Hornet likely to top $250 million by 2030 BOSTON, October 22, 2024 - Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:TDY), has won a five-year contract worth up to $91 million to provide its Black Hornet® 4 Personal Reconnaissance Systems to the United States Army. The advanced nano-unmanned aerial systems (UAS) are … [Read more...] about Teledyne FLIR Defense Wins $91 Million Contract from U.S. Army for Black Hornet 4 Nano-Drones

ARLINGTON, Va., October 14, 2024 - Leonardo DRS, Inc. (NASDAQ: DRS) and BlueHalo announced today the successful live-fire demonstration of a new Counter Unmanned Aircraft System (C-UAS) Directed Energy (DE) Stryker designed to defeat Group 1-3 UAS with multiple kinetic and non-kinetic defeat technologies. During last month’s demonstration for U.S. Army officials in Socorro, … [Read more...] about Leonardo DRS and BlueHalo Successfully Demonstrate New Counter-UAS Directed Energy Stryker, Shooting Down Drones in Live-Fire Engagement

AFWERX selects goTenna for a Small Business Innovation Research contract to develop CoTS capabilities to enable communications connectivity solutions for the U.S Air Force. JERSEY CITY, N.J., Sept. 16, 2024 - goTenna, the world's leading mobile mesh networking company, was awarded $15M through the Air Force's Strategic Funding Increase (STRATFI) Program to provide enhanced … [Read more...] about goTenna awarded $15M AFWERX STRATFI SBIR Contract for Air Force CoTS Connectivity

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 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

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

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. 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