GE Aerospace said Monday that it will invest another $1 billion in U.S. manufacturing facilities and its supplier base to increase commercial and defense engine production and modernize company infrastructure. “Maintaining U.S. aerospace leadership requires sustained investment in our people, our facilities and the technologies that will defin...
PsiQuantum has appointed Victor Peng, former president of Advanced Micro Devices, as interim CEO to lead the company’s shift toward large-scale deployment of its utility-scale quantum systems while a search for a permanent CEO is underway. Peng will succeed co-founder Jeremy O’Brien, who will transition to executive chairman to lead the ...
CesiumAstro has secured $470 million in Series C growth funding to accelerate U.S. expansion and scale production of its space and defense communications platforms. How Will CesiumAstro Use the Series C Fund? CesiumAstro said Monday the new funding will support growth initiatives planned for 2026, including expanded manufacturing capacity; faster de...
Autonomous underwater vehicle provider Vatn Systems has acquired Crewless Marine, a move that brings advanced acoustic sensing and signal processing capabilities in-house as Vatn scales AUV production to meet growing demand from U.S. and allied naval forces. Vatn said Wednesday that the deal brings Crewless Marine’s expertise in torpedo acoust...
The Federal Trade Commission has proposed that Boeing divest Spirit AeroSystems assets to resolve antitrust concerns over the companies’ planned merger. The agency said Wednesday that Boeing will have to sell Spirit businesses that supply aerostructures to Airbus. Spirit’s aerostructures business in Subang, Malaysia, which provides criti...
Arcline Investment Management has entered into a definitive agreement to acquire Novaria Group, a Texas-based provider of engineered components and specialty processes for the aerospace and defense industries, in an all-cash transaction valued at approximately $2.2 billion. Founded in 2011, Novaria has formed a family of suppliers for commercial and...
Voyager Technologies has filed with the Securities and Exchange Commission a registration statement for its proposed initial public offering. In a preliminary prospectus filed on Friday, the space and defense company has yet to disclose the number of shares to be offered and the price range for the IPO. In January, Voyager submitted to the...
Eutelsat America Corp. and OneWeb Technologies, or EACOWT, has appointed Joe Uglialoro as chief operating officer and Chris Hetmanski as chief technology officer, effective immediately. The Eutelsat Group subsidiary said Wednesday Uglialoro will remain as general counsel while taking on his new role as COO. Hetmanski was promoted to C...
The GovCon Index registered four daily losses in five trading sessions for two straight weeks. On Friday, the index, which tracks the stock performances of 30 major government contractors, fell -1.64% to $4,576.02. This represents four consecutive weekly losses since the last two weeks of January. Defense stocks have taken a hit because of policy...
The National Geospatial-Intelligence Agency has awarded a $200 million contract to 13 companies for commercial geospatial intelligence data and services. The agency said Wednesday the vendors selected for the Luno B commercial data indefinite-delivery/indefinite-quantity contract are as follows: Airbus U.S. Space & Defense BAE Systems Booz ...
