Bill Weber, CEO of FireFly, said the company would use the new capital to advance a medium-lift spacecraft through a development partnership with Northrop Grumman (NYSE: NOC).
The investment could also support the construction of Alpha rocket manufacturing facilities in Cape Canaveral, Florida, according to the report.
AEI became FireFly’s controlling shareholder when the private equity firm bought a significant stake previously held by Noosphere Venture Partners, a transaction that gave the space transportation services provider a valuation of more than $1 billion.
AeroVironment has tapped Robert “Rob” Smith as executive vice president and chief operating officer. Smith’s appointment, which will become official April 13, underscores…
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BigBear.ai has named Jo Ann Bjornson as chief human resources officer and Alex Thompson as chief corporate affairs officer. The new leadership appointments…
