SandboxAQ has closed its Series E financing round, raising over $450 million in capital. The company said Friday it will use the funding to accelerate innovation in quantitative artificial intelligence and broaden its reach across critical industries. According to SandboxAQ, the investments highlight the investors’ confidence in its large quan...
Karman Space & Defense has acquired Metal Technology Inc. in a cash transaction worth $90 million to accelerate access to critical and classified strategic missile defense programs that align with the Department of Defense’s current and future funding priorities. Adding Technical Capabilities to the Karman Platform Trive Capital-backed Kar...
Patrick Markus shared on LinkedIn two weeks ago that he has been appointed vice president and general manager of the defense and government systems division at Hughes, an EchoStar subsidiary. The executive oversees the profit and loss division, driving the adoption of the company’s commercial communication technologies, inc...
Defense tech firm Voyager Technologies has agreed to purchase LEOcloud as part of efforts to broaden its space-based cloud computing capabilities. Voyager said Thursday the proposed acquisition, which is subject to customary closing conditions, establishes the foundation for its customers to use space-based cloud services to reduce latency for missi...
HawkEye 360 has appointed Todd Probert, a defense industry executive and a two-time Wash100 awardee, as president of its U.S. government business. The company said Thursday Probert will oversee strategic engagement with defense and intelligence partners and advance innovation in radio frequency data and analytics to help address national security ch...
PCI Federal, an Alabama-based 8(a) enterprise owned by the Poarch Creek Indians, has acquired Superlative Technologies to expand its IT capabilities in the government contracting sector. “This acquisition of SuprTek will allow us opportunities to provide more technological expertise for our federal clients and other leaders in sophisticated in...
Executive Mosaic CEO Jim Garrettson paid a visit to Raft offices to present the 2025 Wash100 Award to the artificial intelligence and data-driven company’s founder and CEO, Shubhi Mishra. Mishra, now a two-time Wash100 Award winner, is being recognized for leading Raft toward another successful year, with major defense contracts won...
Tony Mitchell, a former U.S. Air Force officer, has been appointed chief growth officer and chief technology officer at Peerless Technologies. The electronic warfare and cyber & systems engineering services company said Wednesday Mitchell will oversee its growth strategies with a focus on expanding existing programs and capturing new b...
HII Mission Technologies has secured a 10-year, $133 million contract from the U.S. Air National Guard, or ANG, for live, virtual and constructive training services. The global, all-domain defense provider said Wednesday the contract covers advanced training support meant to boost the operational readiness and proficiency of the ANG’s fle...
AeroVironment stockholders have approved the issuance of AV common stock for the acquisition of the defense engineering company BlueHalo. In a statement posted Tuesday, Wahid Nawabi, chairman, president and CEO of AV, said the milestone will enable his company to move forward with BlueHalo’s acquisition and turn AV into a leading def...
