Archer Aviation has sold $850 million worth of shares to bring in additional funding for the electric vertical take-off and landing aircraft, or eVTOL, Integration Pilot Program. The Santa Clara, California-based company said Thursday it sold 85 million shares of its Class A common stock at $10 each in support of President Donald Trump’s ...
Brian Petro announced on LinkedIn Friday that Lockheed Martin has appointed him as its new vice president of program finance for missiles and fire control. The long-time Lockheed Martin executive will direct all financial aspects for programs within the MFC business unit, including business development, execution, forecasting and reporting...
Redwire has finalized its acquisition of Edge Autonomy as part of a push to establish a multidomain space and defense technology company. In January, AE Industrial Partners-backed Redwire struck a $925 million cash-and-stock deal for Edge Autonomy to create a combined entity focused on advancing integrated autonomous operations for defense and natio...
Micron Technology has announced plans to invest approximately $200 billion in semiconductor manufacturing and research and development efforts in the U.S. as part of a push to improve domestic memory supply and drive U.S. innovation and technology leadership. The company said Thursday the investment includes $30 billion in additional funding to buil...
Oshkosh Defense has been awarded a $792.4 million contract modification by the U.S. Army to continue manufacturing the Family of Medium Tactical Vehicles A2 variants. Scope of the FMTV A2 Contract The Department of Defense said Wednesday the Wisconsin-based company secured a three-year contract extension to continue producing the FMTV A2,...
CNBC reported Tuesday Palmer Luckey, founder of Anduril Industries, said the defense technology company will go public. When asked about plans for an initial public offering, Luckey told CNBC’s Closing Bell: Overtime in a video interview that Anduril is “definitely going to be a publicly traded company.” “We are running this ...
The U.S. Customs and Border Protection will recompete the Border Enforcement Applications for Government Leading-Edge, or BEAGLE, IT contract. The agency plans to purchase the required services via the General Services Administration’s Multiple Award Schedule, according to a pre-solicitation notice posted Wednesday on SAM.gov. A blanket ...
Highlight Technologies has earned a spot on the Tradewinds Artificial Intelligence Talent Contract Support Basic Ordering Agreements, or BOA, a multiple-award agreement with a potential value of $249 million if all options are exercised. AI Talent Contract Scope The Fairfax, Virginia-based company said Wednesday the AI Talent BOA has a five-yea...
The U.S. Army has selected seven companies to compete for each order under a $10.3 billion firm-fixed-price contract for guard and protective security services. A distinguished cohort of Army officials, government leaders and industry trailblazers will discuss the service branch’s most urgent priorities and challenges at the Potomac Officers C...
The Professional Services Council has promoted Stephanie Kostro, acting president of PSC, to president and appointed Steve Harris, a seasoned federal leader, as vice president for defense and intelligence. PSC said Thursday Kostro will provide strategic direction to PSC and its industry engagement and advocacy efforts amid evolving federal prioritie...
