Naomi Cooper

Aaron Jacob, head of accounting solutions at TaxBit, said new crypto asset accounting guidance from the Federal Accounting Standards Board is expected to encourage the adoption of digital assets as it provides more clarity on accounting, reporting and disclosure of such assets. Measuring and reporting digital assets at fair value can bring various benefits, such as greater transparency and insights to inform decision-making, provided that the calculations are made correctly, Jacob said in an opinion article published on Accounting Today.

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Varda Space Industries has raised $90 million in a series B funding led by Caffeinated Capital and will use the capital to build its infrastructure that supports pharmaceutical manufacturing in space. The company said Friday the investment follows the launch and reentry of its W-1 hypersonic reentry capsule to demonstrate the production of pharmaceuticals and other materials in microgravity.

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Northrop Grumman has entered into a partnership with EpiSci to develop and deliver tactical autonomy tools for unmanned and uncrewed aerial systems to U.S. and international customers. Under the agreement, Northrop will integrate EpiSci's TacticalAI software into its aeronautics system architecture to advance the development and deployment of secure autonomous systems designed to meet warfighters' mission requirements.

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Ultra Intelligence & Communications has demonstrated its suite of troposcatter systems designed to establish and maintain beyond-line-of-sight communication links to enable secure connectivity in diverse operational environments. The Archer family of BLOS troposcatter communications systems works to allow operators to set up communication links beyond 185 kilometers using a single antenna and withstand interference and jamming attacks, UI&C said Wednesday.

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Hughes Network Systems, an EchoStar company, has secured approval from Eutelsat OneWeb to operate its electronically steerable antenna-based device in the latter's low Earth orbit satellite network. With the authorization, the Hughes HL1120W Terminal is now commercially available via the OneWeb LEO broadband network to enable high bandwidth, low latency connectivity worldwide, Hughes said Tuesday.

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