Saronic, a prominent defense technology company specializing in autonomous surface vessels (ASVs), has successfully raised $175 million in a Series B funding round, catapulting its valuation to $1 billion. The funding round was spearheaded by Andreessen Horowitz (a16z), with notable contributions from 8VC, Caffeinated Capital, Elad Gil, NightDragon, and others. Saronic’s … [Read more...] about Saronic Secures $175 Million in Series B Funding, Reaches $1 Billion Valuation
News
FARNBOROUGH International: Belgium’s Aerospace & Defence companies team up with UK Industry — Booth #1157
Belgian Beer Networking Mixer July 24, 4PM. BRUSSELS/FARNBOROUGH, July 18, 2024 – Belgium’s Flanders Investment & Trade, in conjunction with Wallonia Export & Investment Agency hosts a set of Belgium’s top-notch aerospace companies, specialized in the production of critical components for aircraft and spacecraft, helicopters, flight simulators, engines, avionics, landing … [Read more...] about FARNBOROUGH International: Belgium’s Aerospace & Defence companies team up with UK Industry — Booth #1157
Sentar Awarded $32M Task Order for Defense Health Agency
HUNTSVILLE, Ala., July 11, 2024 - Sentar, Inc. (Sentar), a women-owned small business specializing in advanced cyber-intelligence solutions and technology, is pleased to announce it has been awarded the Cybersecurity Risk Management Operations (RMOPS) recompete task order by the Naval Information Warfare Center Atlantic (NIWC Atlantic). The task order includes one base year and … [Read more...] about Sentar Awarded $32M Task Order for Defense Health Agency
NATO’s July 2024 Washington, DC Summit: A Comprehensive Overview
The NATO Summit scheduled for July 2024 in Washington, DC, marks a significant milestone, commemorating the alliance’s 75th anniversary. This gathering of heads of state and government from NATO’s 32 member states is expected to address a broad range of security challenges, with a pronounced focus on the ongoing war in Ukraine and the overarching threats posed by Russia. Key … [Read more...] about NATO’s July 2024 Washington, DC Summit: A Comprehensive Overview
Showcase of Aerospace Industry’s Impact on California
In a collaborative effort, Boeing, Lockheed Martin, and Amazon Project Kuiper, alongside the Aerospace Defense Alliance of California (ADAC) and the California Manufacturers & Technology Association (CMTA), hosted the second annual California Aerospace Day. This event underscored the vital role of the aerospace industry in bolstering California's economy. Held at the Aerospace … [Read more...] about Showcase of Aerospace Industry’s Impact on California
ZeroMark Secures $7 Million Seed Funding to Revolutionize Counter-Drone Technology
ZeroMark, a pioneering defense technology startup, has secured a $7 million seed funding round led by Ground Up Ventures and Andreessen Horowitz. This investment will expedite the development of ZeroMark's AI-powered auto-aiming system, transforming standard infantry rifles into highly effective counter-drone solutions, providing a "handheld Iron Dome" accessible to every … [Read more...] about ZeroMark Secures $7 Million Seed Funding to Revolutionize Counter-Drone Technology
Sentrycs Secures Multimillion-Dollar Deals to Protect Military Bases in Europe
Sentrycs, a global leader in counter-drone solutions, has announced significant strategic deals to enhance the protection of military bases in Europe. These multimillion-dollar agreements will see the deployment of Sentrycs' advanced counter-UAS (Unmanned Aerial Systems) solutions across multiple military sites. Based in Tel Aviv, Israel, Sentrycs specializes in cyber-based … [Read more...] about Sentrycs Secures Multimillion-Dollar Deals to Protect Military Bases in Europe
Leonardo DRS Awarded $26 Million Contract from NAVSEA for AN/SPQ-9B Radar Services
Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it was awarded a contract from NAVSEA to provide AN/SPQ-9B radar design agent and engineering services. The contract includes options which, if exercised, would bring the cumulative value to more than $26 million. Under the contract, DRS will provide system engineering, software development, hardware design, installation, … [Read more...] about Leonardo DRS Awarded $26 Million Contract from NAVSEA for AN/SPQ-9B Radar Services
AeroVironment Selected for DARPA’s ANCILLARY Program
AeroVironment (AV) has been chosen by the Defense Advanced Research Projects Agency (DARPA) to continue developing its X-Plane design, known as Wildcat, for the Advanced airCraft Infrastructure-Less Launch And RecoverY (ANCILLARY) program. Wildcat, a Group 3 vertical take-off and landing (VTOL) uncrewed aircraft system (UAS), is specifically designed for ship-based operations … [Read more...] about AeroVironment Selected for DARPA’s ANCILLARY Program
Jens Stoltenberg Urges U.S. to Lift Restrictions on Ukraine’s Use of American-Supplied Weapons Against Russia
As Jens Stoltenberg's ten-year tenure as NATO Secretary-General nears its conclusion, he has issued a significant and potentially contentious call to the United States. Stoltenberg urged the U.S. to lift its restrictions on Ukraine's use of American-supplied weapons, allowing them to strike military targets within Russia. This appeal is a clear critique of the current policy … [Read more...] about Jens Stoltenberg Urges U.S. to Lift Restrictions on Ukraine’s Use of American-Supplied Weapons Against Russia