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Latest Federal & Government Contracting Companies' News Coverage
Spirit AeroSystems has named Jane Chappell to its board of directors, where she will serve on the corporate governance and nominating committee and the risk committee. Chappell brings to her new role a wealth of experience from the aerospace, defense and intelligence sectors, the aerospace company said Monday.
Millimeter wave power amplifier maker Elve has announced the completion of its Series A funding round and raising $15 million from an investor group led by TomEnterprise Private AB and joined by Lockheed Martin Ventures. The Davis, California-based firm company said Thursday it will use the fresh funds to grow its customer base in the space connectivity market and increase manufacturing capabilities.
Impulse Space has welcomed retired U.S. Space Force General John Raymond to its board of directors. Raymond was the first chief of space operation for the USSF, holding the position from 2019 to 2022, Impulse said Wednesday.
Lockheed Martin has declared its Pony Express 2 technology demonstration mission ready for launch. Lockheed said Thursday that the mission involves the use of two 12U Renegade-class space vehicles provided by Terran Orbital to carry payloads that would showcase several capabilities.
Top military leaders, defense experts and policymakers will come together at the Potomac Officers Club's Achieving Transformative Cooperation for National Defense Forum to explore the future of Combined Joint All-Domain Command and Control. Register now to join this important event.
The U.S. Air Force intends to integrate the Large Aperture variant of Northrop Grumman's LITENING targeting pod onto its inventory of aircraft. Northrop said Tuesday that LITENING is an electro-optical/infrared targeting pod that works to detect, acquire, identify and track targets at extended ranges and that the LA variant offers new video and IR sensors and software that enable faster video processing and imaging at greater distances.
LeoLabs raised $29 million in a recent funding round that saw the participation of existing investors like Insight Partners, Velvet Sea Ventures and Space Capital, and the involvement of new ones like GP Bullhound, an investment banking company. LeoLabs said Monday that it provides space operators with insights concerning space safety, security and sustainability based on data collected by the company's proliferated radar network and processed by artificial intelligence algorithms, which will benefit from the latest investment.
AE Industrial Partners recently announced the transition of Chris Emerson from operating partner to senior partner. The private equity firm specializing in aerospace, national security and industrial services also said Thursday that Emerson will head the new office in Washington, D.C., when it opens sometime in the third quarter of 2024.
NASA has selected Seventh Sense Consulting to provide acquisition support services for non-inherently governmental functions. The selection is a single-award blanket purchase agreement with an 8(a) small business with a maximum value of about $77.5 million, the space agency said Wednesday.
Synthetaic, the developer of the Rapid Automatic Image Categorization platform, has raised $15 million in fresh funds from its Series B funding round. Lupa Systems and TitletownTech led new and existing investors, including IBM Ventures and Booz Allen Hamilton, Synthetaic said Tuesday.
Honeywell will invest $84 million to expand its aerospace manufacturing site in Olathe, Kansas. In the first six years, the expansion project could generate around $47 million in GDP and contribute $18.3 million to state and local taxes, the company said Friday.
Ardent has appointed Ryan Jennings as its first chief ventures officer. Ardent said Tuesday that in his new role, Jennings' responsibilities include working to ensure that future mergers and acquisitions, technological innovations and new business ventures align with the objectives of the digital transformation and data analytics firm.
The Earth and Space Observing Digital Twin, a collaboration between aerospace and defense company Lockheed Martin and multinational technology company NVIDIA, recently achieved a milestone when it demonstrated the ability to accurately display in a timely manner sea surface temperature with the help of artificial intelligence. Lockheed said Tuesday that the aim of the Digital Twin project is to provide the National Oceanic and Atmospheric Administration with a capability that can process and fuse weather data streams from various space and Earth sensors and display current global environmental conditions using that data.
