News

International technology conglomerate GMV has entered into an investment agreement with PLD Space to further develop the latter’s small launch vehicles. PLD Space said Monday it will collaborate with GMV to develop the flight software, guidance, navigation, telemetry and control systems of the ARION 1 and ARION 2 rockets. GMV’s endorsement helped PLD Space raise $7 million through two investment vehicles and funds […] More

Israel-based cybersecurity startup creator Team8 has secured investments from Microsoft‘s and Qualcomm‘s venture businesses, Reuters reported Monday. Tova Cohen writes that Team8 has raised more than $92 million so far and entered a strategic partnership with Citigroup to develop the former’s products. Team8 was founded by a group of military veterans who also seek to establish two new companies in 2017 in addition […] More

Airbus‘ defense and space business will produce a multi-mode radar platform for integration into the U.S. Coast Guard‘s ninth National Security Cutter as part of a contract awarded to Airbus DS Electronics and Border Security GmbH. The company said Monday its TRS-3D Baseline D MMR, also called AN/SPS-75, uses gallium nitride technology and offers traditional radar functions as well as other options for future […] More

The U.S. Navy has begun to consider whether to switch to Huntington Ingalls Industries to build the Flight III version of the Arleigh Burke-class guided missile destroyer due to a disagreement between the service branch and a General Dynamics subsidiary over a fixed-price contract, Defense News reported Sunday. Christopher P. Cavas writes General Dynamics’ Bath […] More

L3 Technologies‘ commercial training solutions business will collaborate with the Surrey County Council in England to establish a London-based airline training center and a production facility for aircraft simulators. The company said Monday it plans to open the L3 London Training Center in the second quarter of 2018. L3 added the other facility will be built to produce 30 simulators annually and feature eight RealitySeven […] More

The U.S. Marine Corps has cleared Magpul Industries‘ polymer-based magazine for combat and training applications, Military Times reported Sunday. Shawn Snow writes the Marine Corps Systems Command said Magpul’s GenM3 PMAG was the only magazine that met performance requirements across all combinations of the service branch’s 5.56mm rifles and ammunition during tests. “The specification to use ‘only tested, approved, and […] More