Ursa Major Technologies, a U.S. aerospace and defense company specializing in hypersonics, solid rocket motors and space propulsion, has agreed to go public through a merger with Bleichroeder Acquisition Corp. III. The transaction values the combined company at approximately $2.3 billion and is expected to close in the
Pegasus Aero Group has signed a long-term, multi-aircraft lease agreement with SkyConnect Leasing for UH-60L Black Hawk helicopters, expanding its ability to support wildfire suppression, civil protection, and emergency-response missions. The agreement is designed to strengthen Pegasus’ fleet while giving the company greater flexibility than an
The U.S. Navy has awarded a combined $76.6 billion package to General Dynamics Electric Boat and HII’s Newport News Shipbuilding for the next generation of nuclear-powered submarines. The award covers 14 submarines, marking one of the largest investments in the U.S. undersea fleet. The package
U.S. Central Command has announced an agreement with the United Arab Emirates to establish a bilateral task force focused on accelerating military artificial intelligence applications. The initiative, named Task Force Talon Synapse, is expected to formally launch in the coming weeks. The task force will be based in Abu
The AIM-120 Advanced Medium-Range Air-to-Air Missile (AMRAAM) is a radar-guided missile designed to engage enemy aircraft beyond visual range. It entered U.S. service in 1991 and was developed as a successor to the AIM-7 Sparrow, giving fighter aircraft a more capable “fire-and-
President Donald Trump has instructed the Pentagon to “substantially reduce” joint military exercises with South Korea, arguing that the drills are costly and send what he described as an inappropriate and hostile signal to North Korea. Trump also pointed to his relationship with North Korean leader Kim Jong Un. The
The U.S. military fired more than 1,300 tactical ballistic missiles during its war with Iran, according to a U.S. official cited by The Washington Post. The weapons were used during the first weeks of the conflict as American forces conducted large-scale strikes against Iranian targets. The
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The U.S. Army is backing TALUS, an autonomous logistics vehicle designed to move supplies to troops operating in contested areas. The system is aimed at keeping frontline units supplied without requiring soldiers to make every resupply journey themselves. The TALUS (Tactical Autonomous Logistics Utility System) is an autonomous logistics
$50 Million Vote of Confidence Shield AI has landed a $50 million investment from the U.S. Navy to push ahead with its X-BAT autonomous aircraft, a runway-free combat drone designed to bring long-range firepower to places conventional aircraft cannot reach. The funding comes through the Navy’
Lockheed Martin and a group of technology partners have demonstrated NetSense, an AI-powered system designed to detect, track, and monitor unmanned aircraft using existing 5G network infrastructure. The July demonstration in the Miami area brought together Lockheed Martin, Verizon, NVIDIA, Keysight Technologies, ODC, and Astris AI. Turning 5G Networks
U.S. Central Command is establishing Task Force Falcon Strike, described by CENTCOM as its first-ever multinational, multi-domain attack-drone task force. The initiative is intended to bring U.S. forces and regional partners together to operate one-way attack drones across the air, surface and undersea domains.
RTX’s Raytheon has received a $745 million contract from the U.S. Missile Defense Agency (MDA) to produce and sustain Standard Missile-3 Block IIA (SM-3 IIA) interceptors. The award is intended to strengthen U.S. and allied missile-defense readiness as ballistic-missile threats continue to evolve.
The U.S. Army is moving forward with the HERO 120 loitering munition under a major $982 million multi-year Indefinite Delivery/Indefinite Quantity (IDIQ) contract awarded to Mistral Inc. and UVision Inc. The agreement falls under the Army’s Lethal Unmanned Systems (LUS) program and covers procurement, fielding, training,
The U.S. Army is expanding its industrial base for the Hydra-70 family of 70mm (2.75-inch) aviation rockets, awarding contracts to four companies as part of a broader effort to increase domestic ammunition production capacity. The move comes as the Army seeks additional industrial sources capable of
Aurelius Systems, a San Francisco-based defense technology company developing autonomous counter-drone systems, has raised $40 million in Series A funding as it moves to expand development and production of its defense platform. According to Axios Pro Rata, the round was led by Draper Associates and KAS Venture Partners,
The U.S. Navy’s Conventional Prompt Strike (CPS) hypersonic missile program is facing significant production and schedule challenges, according to a July 2026 Government Accountability Office (GAO) assessment. The Navy’s lifecycle cost estimate has increased from about $31 billion for 262 missiles in 2020 to roughly $41 billion
Rheinmetall has warned that increasing ATACMS production will take considerably longer than two years, as the United States works to replenish depleted stocks of long-range precision missiles. The German defense company is preparing to establish an ATACMS production capability at its Unterlüß facility in northern Germany through a planned
Huntington Ingalls Industries (HII) has signed seven-year, performance-based production agreements with Path Robotics and GrayMatter Robotics that could generate up to $900 million in shipbuilding work. The agreements are aimed at bringing advanced robotics and physical-AI technologies into U.S. Navy shipbuilding programs, with the potential to
Boeing has received a $75 million U.S. Air Force undefinitized contract action (UCA) for initial production of the BSU-111/B Payload Delivery Unit (PDU) for the Joint Direct Attack Munition–Long Range (JDAM-LR). Boeing announced the award on August 5, describing it as a major milestone for