MilitaryShield AI Raises $165 Million In Funding Round To Accelerate Autonomous Piloting Defense technology startup Shield AI has closed a $165 million funding round that the company said will be used to accelerate the development artificial intelligence (AI) pilots, including in degraded GPS and communications environments.…
CommercialRaytheon Technologies Moving Global Headquarters To Northern Virginia Raytheon Technologies on Tuesday said it will establish its global headquarters in Northern Virginia, close to many of its government customers in the Washington, D.C., area, a move that follows Boeing’s decision a…
MilitaryRaytheon Technologies’ New Venture Arm Invests In Hypersonic Aircraft Company Hermeus RTX Ventures, a capital investment group recently set up by Raytheon Technologies, on Thursday said it made a strategic investment in the start-up company Hermeus Corp., which is developing hypersonic aircraft for commercial…
MilitaryNorthrop Grumman Touts B-21 Benefit In First Quarter; Income, Sales Slip Northrop Grumman on Thursday posted first quarter results that included a boost from its ongoing development work on the Air Force’s B-21 next-generation stealth bomber. The $67 million benefit on the B-21…
MilitaryDART Aerospace Acquires Paravion Technology And Century Helicopters Canada’s DART Aerospace on Thursday said it has acquired Colorado-based Paravion Technology and its maintenance, repair and overhaul (MRO) service arm Century Helicopter, complementing its portfolio of products for original equipment manufacturers and the…
MilitaryLockheed Martin Finishes 2021 With Strong Fourth Quarter Lockheed Martin on Tuesday reported strong fourth quarter financial results, ending a challenging 2021 on a high note, although the company continues to project a drop in sales in 2022. Net income in…
Air TaxiLockheed Martin Invests In eSTOL Company Electra.aero Electra.aero, a relatively new company pursuing new aircraft solutions for the urban and regional air mobility markets, on Tuesday said that it has received a lead investment from Lockheed Martin for a…
MilitaryThales Acquires Moog’s Navigation Aids Business Thales on Monday closed its acquisition of a Moog business unit that designs, develops and manufactures ground and ship-based radio frequency navigation beacons and related antennas for commercial and military aircraft operators.…