Shield AI has acquired Heron Systems for an undisclosed sum to further expand its artificial intelligence engineering and reinforcement learning capabilities. Heron Systems is a software company founded in 1993 and is known for developing an AI pilot that emerged undefeated against a human Air Force F-16 fighter pilot in five rounds of simulated air...
Spatial data company Matterport will start trading Friday on Nasdaq under the symbol “MTTR” after it completed its merger with special purpose acquisition company Gores Holdings VI (Nasdaq: GHVI). Sunnyvale, California-based Matterport said Thursday it has secured approximately $605 million in total cash as a result of the combination, including...
The U.S. Army has selected five companies to receive funds that will support artificial intelligence and robotic technology prototyping projects under the service branch’s other transaction agreement with the National Advanced Mobility Consortium, Inside Defense reported Thursday. Contractors will prototype AI and robotic systems intended to b...
Salesforce (NYSE: CRM) has wrapped up its acquisition of Slack Technologies for approximately $27.7 billion in a transaction that will create a single digital platform for enterprise communications and collaboration. “Together we’ll define the future of enterprise software, creating the digital HQ that enables every organization to deliver custo...
Six companies have won positions on a $218.9 million indefinite-delivery/indefinite-quantity contract to support the U.S. Navy’s surface ship programs. Each contractor will receive $100,000 as a guaranteed minimum contract amount and can vie for engineering and technical services, program management and information technology support task orde...
Lee Payne, a three-decade Department of Defense civilian and military service veteran, has been named a specialist executive of Deloitte Consulting‘s government and public service business. The retired U.S. Air Force major general joins the professional services company after his stint as lead for the diagnostics and testing line of effort for...
The space defense sector continues to grow in response to foreign adversaries’ anti-satellite and space-based weaponry developments. The Department of Defense (DOD) is committed to rapidly developing and deploying robust space intelligence sensors that will supply military leaders with information supremacy and warfighters with tactical advantages...
The U.S. Marine Corps has picked a Textron (NYSE: TXT) business segment and General Dynamics’ (NYSE: GD) land systems business to start contract negotiations to develop prototypes of the Advanced Reconnaissance Vehicle. Army Contracting Command – Detroit Arsenal will award other transaction agreements for the ARV prototyping effort through the N...
Momentus has appointed former executives at the Export-Import Bank of the U.S., Raytheon Technologies (NYSE: RTX) and Lockheed Martin (NYSE: LMT) to serve on the board of directors for the publicly traded space infrastructure services company that will result from Momentus’ planned merger with Stable Road Acquisition Corp. (Nasdaq: SRAC). Kimb...
Huntington Ingalls Industries (NYSE: HII) has secured a nearly $273 million indefinite-delivery/indefinite-quantity contract to help the U.S. Navy maintain aircraft carriers and surface ships. Under the five-year contract, HII’s fleet support group will support repair and overhaul planning activity for ship equipment and systems, the Departmen...
