Author: Angeline Leishman|| Date Published: December 6, 2021
Satellite imagery provider Planet Labs expects to complete its pending merger with dMY Technology Group (NYSE: DMYQ) on Tuesday and receive post-closure proceeds of approximately $590 million.
Shareholders at the special purpose acquisition company voted Friday to approve the combination of the two companies, which will subsequently do business as Planet Labs PBC and trade under the symbol “PL” on the New York Stock Exchange starting Wednesday.
Planet, which was established by three former NASA scientists, posted $100 million in fiscal 2021 revenue through its subscription business that supports more than 700 customers across the civil government, defense, agriculture and sustainability sectors.
Aerospace and defense technology company Merlin has closed its business combination with Inflection Point Acquisition Corp. IV, a special purpose acquisition company…
Raytheon, an RTX business, has received a potential $212.1 million cost-plus-fixed-fee contract to provide operations and maintenance services for a relocatable over-the-horizon…
Jim Kelly, senior systems engineering manager at HPE Juniper Networking, said agentic artificial intelligence could help government agencies move toward…
AeroVironment has acquired Empirical Systems Aerospace, or ESAero, a producer of unmanned aircraft systems and advanced air mobility platforms, or AAM,…
