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CHAOS Industries, a cutting-edge technology firm specializing in defense and critical industry innovations, has announced a major milestone in its growth journey with the successful closure of a $145 million Series B funding round. This round, led by the renowned venture capital firm Accel, saw significant participation from 8VC, Overmatch Ventures, Lerner Enterprises, and … [Read more...] about CHAOS Industries Secures $145M in Series B Funding to Propel Defense Technology Advancements

Vatn Systems, a defense technology innovator specializing in autonomous underwater vehicles (AUVs), announced the successful closing of a $13 million oversubscribed seed round, raising its total funding to $16.5 million. The round was led by DYNE Ventures, with significant contributions from Lockheed Martin Ventures, RTX Ventures, In-Q-Tel, Propeller Ventures, SAIC Ventures, … [Read more...] about Vatn Systems Secures $13M Oversubscribed Seed Round to Revolutionize Naval Warfare

Boca Raton, FL, November 12th, 2024—In the United States, gun ownership is on the rise, but many gun owners neglect to maintain their firearms properly due to the typically time-consuming process. This can result in rust and buildup, causing irreparable damage to a gun over time. To combat this problem, Israeli-American Dutch Harbor Brands has developed their newest product: … [Read more...] about Dutch Harbor Brands Launches Single-Step, Military-Inspired Tactical Line of Wipes

France has unveiled the design for its next-generation nuclear-powered aircraft carrier, the Porte-Avions Nouvelle Génération (PANG), at Euronaval 2024. Set to replace the Charles de Gaulle by 2038, the PANG will feature cutting-edge technology, including three Electromagnetic Aircraft Launch System (EMALS) catapults for efficient aircraft deployment. Measuring 305 meters and … [Read more...] about France Unveils Next-Generation Nuclear Aircraft Carrier Design

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