Business/Financial Archives - Defense Daily

Parker Hannifin To Acquire CIRCOR Aerospace From KKR For $2.6 Billion

Cal Biesecker — Thu, 21 May 2026 14:54:34 +0000

Parker Hannifin [PH] on Thursday said it has agreed to acquire CIRCOR Aerospace from the investment firm KKR [KKR] for $2.6 billion in cash in a deal that adds an […]

SpaceX’s IPO Filing Gives First Look Into Company’s Financials

Rachel Jewett — Thu, 21 May 2026 00:15:09 +0000

The space industry and public got the first real look into SpaceX’s financials on Wednesday as the company published initial documents ahead of a planned initial public offering (IPO). SpaceX […]

Amca Raises $300 Million To Bolster Aerospace And Defense Supply Chain

Cal Biesecker — Wed, 20 May 2026 14:29:01 +0000

Amca, a startup founded 18 months ago to accelerate product development, qualification and delivery, and strengthen the aerospace and defense supply chain, has raised $300 million in a new funding […]

York Space Systems To Acquire Space Solar Tech Company Solestial To Shore Up Supply Chain

Cal Biesecker — Tue, 19 May 2026 13:34:11 +0000

York Space Systems [YSS] on Tuesday said it has agreed to acquire Solestial Inc., a domestic developer and manufacturer of solar cells and related technology used on spacecraft, in a […]

Data Center Startup Armada Raises $230 Million; Partners With Johnson Controls On Manufacturing

Cal Biesecker — Tue, 19 May 2026 11:23:32 +0000

Armada, a developer and manufacturer of modular, relocatable data centers has raised $230 million in a new funding round to boost production capacity to meet demand and strengthen its balance […]

DoD Awards DPA Funds To Solid Rocket Motor Component Supplier PacSci

Cal Biesecker — Mon, 18 May 2026 15:12:29 +0000

The Defense Department last Friday evening said it awarded Pacific Scientific Energetic Materials Co. (PacSci EMC) $27.3 million to boost production of a key safety component for solid rocket motors […]

Anduril Raises $5 Billion In New Round; Company Valuation At $61 Billion

Cal Biesecker — Wed, 13 May 2026 11:57:40 +0000

Anduril Industries on Wednesday said it has raised $5 billion in a late-stage venture capital round to continue investing in manufacturing capacity, development, and infrastructure, as the company continues to […]

Swarmer Leads Ukrainian Team Developing Counter-Unmanned Systems Platform

Cal Biesecker — Tue, 12 May 2026 11:29:01 +0000

The drone autonomy company Swarmer [SWMR] on Tuesday said it will integrate technologies from three Ukrainian-based firms to create a containerized system that can send swarms of drones into the […]

Blue Water Autonomy Announces Power, Propulsion, Manufacturing Partners

Cal Biesecker — Thu, 07 May 2026 21:43:52 +0000

Autonomous vessel developer Blue Water Autonomy on Thursday announced some of its key partners for the supply and production of its Liberty Class ship it has entered into the Navy’s […]

HII Working Through Carrier And LHA Amphib Delays

Rich Abott — Wed, 06 May 2026 21:36:23 +0000

HII [II] officials on Tuesday explained how they see the company pushing past delays for an upcoming aircraft carrier and amphibious assault ships and how the process is improving. The […]

Skunk Works Head Named President of Lockheed Martin Aeronautics

Frank Wolfe — Wed, 06 May 2026 18:49:54 +0000

Orlando “OJ” Sanchez, Jr., the vice president and general manager of Lockheed Martin Skunk Works, is to become president of Lockheed Martin‘s [LMT] Aeronautics business on June 1, the company […]

HII CEO Says Sub Contracts Expected In Second Quarter, Not Focused On Auxiliary Increases

Rich Abott — Tue, 05 May 2026 22:50:17 +0000

Delayed multi ship contracts for 15 attack and ballistic missile submarines are finally expected in the second quarter of 2026, HII [HII] CEO Chris Kastner said in a company earnings […]

York Space Systems To Acquire Terminal Developer All.Space In $355M Deal

Rachel Jewett — Thu, 30 Apr 2026 21:04:52 +0000

York Space Systems [YSS] has moved to acquire terminal developer All.Space in a $355 million deal to make York a “complete communications ecosystem.” All.Space is a leading terminal developer and manufacturer […]

L3Harris Reports Strong First Quarter Bolstered By ISR, Space And Rocket Motors

Cal Biesecker — Thu, 30 Apr 2026 17:42:06 +0000

L3Harris Technologies [LHX] on Thursday posted strong first quarter financial results driven by gains across its business segments with particular strength in intelligence, surveillance and reconnaissance, international, mission systems, and […]

Unmanned Warfare Frontier Model Developer Scout AI Raises $100 Million

Cal Biesecker — Wed, 29 Apr 2026 20:26:49 +0000

Scout AI, which is squarely focused on developing a frontier artificial intelligence model for unmanned warfare, on Wednesday said it has raised $100 million in an oversubscribed Series A round […]

Firestorm Labs Raises $82 Million To Transition Mobile 3D Printing Tech, Drones Into Production

Cal Biesecker — Wed, 29 Apr 2026 16:58:17 +0000

Firestorm Labs, which has developed additive manufacturing cells that can be forward deployed to print drones and parts, raised $82 million in a Series B funding round as it transitions […]

General Dynamics Posts Strong First Quarter Led By Shipbuilding

Cal Biesecker — Wed, 29 Apr 2026 15:15:25 +0000

Just as it ended 2025, General Dynamics [GD] began 2026 with strong financial results, again led by the shipbuilding business while all of the company’s operating segments touted top and […]

True Anomaly Raises $650 Million In New Round To Continue Scaling

Cal Biesecker — Tue, 28 Apr 2026 19:16:02 +0000

True Anomaly on Tuesday said it raised $650 million in a new funding round that will be used to hire employees and scale its capabilities to meet customer demand for […]

HawkEye 360 Files To Go Public; Plans To Raise Upwards Of $424 Million

Cal Biesecker — Mon, 27 Apr 2026 20:29:17 +0000

Satellite-based signals intelligence collection and analytics company HawkEye 360 on Monday launched its roadshow for its pending initial public offering (IPO) that aims to raise between $384 million and $424.2 […]

Booz Allen Invests In Autonomy Orchestration Company NODA AI

Cal Biesecker — Fri, 24 Apr 2026 20:00:06 +0000

Booz Allen Hamilton [BAH] last Friday said it made a strategic investment in NODA AI, a startup developing software that allows different autonomous systems to work together across air, land, […]

Pentagon And L3Harris Close $1 Billion Investment For Equity Deal In Company’s Missile Solutions Business

Frank Wolfe — Thu, 23 Apr 2026 20:50:59 +0000

L3Harris Technologies [LHX] said on Thursday that the Pentagon has invested $1 billion from Defense Department’s Industrial Base Analysis and Sustainment (IBAS) program in the company’s new Missile Solutions business, […]

Lockheed Martin’s Earnings Slip, Sales Level In First Quarter; Company Maintains 2026 Guidance

Cal Biesecker — Thu, 23 Apr 2026 15:05:41 +0000

Lockheed Martin [LMT] on Thursday posted lower net earnings in its first quarter due to a drop in profits at three of its business segments while sales were flat. Net […]

Boeing Narrows Losses In First Quarter On Strong Defense Showing

Cal Biesecker — Wed, 22 Apr 2026 18:30:59 +0000

Boeing [BA] on Wednesday reported lower losses in its first quarter amid higher sales across its operating segments and defense in particular. Notably, the company delivered a “clean quarter” free […]

Lockheed Martin Invests $25 Million In Fortem Technologies To Strengthen C-UAS Capabilities

Cal Biesecker — Wed, 22 Apr 2026 16:46:50 +0000

Lockheed Martin’s [LMT] Rotary and Mission Systems business on Wednesday said it has invested $25 million in counter-drone company Fortem Technologies that will help Fortem on its path to increase […]

DoD Details Massive Drone, Industrial Base Investment In FY ‘27, Explains Reconciliation Outlook

Matthew Beinart — Tue, 21 Apr 2026 21:28:57 +0000

Senior Pentagon officials on Tuesday detailed the department’s aim to massively increase spending on drone and industrial base investment initiatives by tens of billions of dollars in fiscal year 2027, […]

Northrop Grumman Sells USAF One B-21 Test Aircraft As Part of Production Acceleration

Frank Wolfe — Tue, 21 Apr 2026 20:03:15 +0000

Northrop Grumman [NOC] sold the U.S. Air Force one of the company’s test B-21 Raiders as part of an effort to accelerate production of the 6th generation stealth bomber. “To […]

Leidos Partners With Havoc To Enhance Autonomous Capabilities On USVs

Cal Biesecker — Mon, 20 Apr 2026 20:45:35 +0000

NATIONAL HARBOR, Md.—Leidos [LDOS] and the all-domain autonomy company Havoc on Monday formally partnered to add the startup’s collaborative autonomy capabilities to Leidos’ existing autonomy stack used on its family […]

Anduril Adds Edison Chouest Offshore For MUSV Production In The U.S.

Cal Biesecker — Mon, 20 Apr 2026 17:41:36 +0000

NATIONAL HARBOR, MD.—Anduril Industries, which last fall announced a partnership with HD Hyundai Heavy Industries to design and develop autonomous surface vessels (ASVs) to meet requirements of the U.S. Navy, […]

Autonomous Maritime Vessel Developer Ulysses Announces $46 Million In Funding

Cal Biesecker — Thu, 16 Apr 2026 20:03:55 +0000

Autonomous maritime vessel developer Ulysses on Thursday said it has raised $46 million in two funding rounds, a previously undisclosed seed financing last year, and new Series A investment, to […]

Rocket Lab Closes Mynaric Acquisition At Higher Price Than Originally Agreed

Cal Biesecker — Tue, 14 Apr 2026 21:13:52 +0000

Rocket Lab [RKLB] on Tuesday said it closed its acquisition of optical communications terminal (OCT) supplier Mynaric AG for $155.3 million, $5.3 million more than the original deal terms announced […]

Lockheed Martin Boosts Venture Arm To $1 Billion

Cal Biesecker — Tue, 14 Apr 2026 14:08:10 +0000

Lockheed Martin [LMT] on Tuesday said it has increased its venture capital fund to $1 billion from the present $400 million, the largest boost to Lockheed Martin Ventures since the […]

Information Trust Startup PeakMetrics Raises $6 Million In Series A Round

Cal Biesecker — Fri, 10 Apr 2026 19:52:37 +0000

PeakMetrics, which applies artificial intelligence to discern whether narratives online are being synthetically generated and what is driving them, last week said it raised $6 million in a funding round […]

In-Space Maneuverability Startup Portal Raises Series A As It Shifts Into Production Mode

Rachel Jewett — Thu, 09 Apr 2026 20:15:57 +0000

Portal Space Systems has raised $50 million in a Series A round to accelerate its progress building maneuverable spacecraft as the startup grows its team and expands manufacturing capacity. The raise […]

AEVEX Looks To Raise Around $300 Million In IPO; Generated $433 Million In 2025 Sales

Cal Biesecker — Thu, 09 Apr 2026 20:02:12 +0000

AEVEX Corp. on Thursday launched its initial public offering (IPO) that aims to raise between $278 million and $310 million as the developer and manufacturer of autonomous loitering munitions, unmanned […]

X-Bow Providing Rocket Assisted Takeoff Kit For AEVEX Long-Range Loitering Munition

Cal Biesecker — Tue, 07 Apr 2026 18:16:42 +0000

X-Bow Systems has entered a new end market with a new tool in its quiver, receiving a $12.2 million contract from AEVEX to produce rocket-assisted takeoff (RATO) kits to launch […]

Hermeus Scaling For National Security Missions With $350 Million Financing Round

Cal Biesecker — Tue, 07 Apr 2026 15:18:13 +0000

Hermeus, which has conducted two successful flight tests of prototype unmanned aircraft on a path to supersonic flight, on Tuesday said it closed $350 million in Series C financing that […]

Powerus, DFT Team To Deliver Enhanced Drone Interceptors

Cal Biesecker — Tue, 07 Apr 2026 13:34:32 +0000

Powerus has partnered with Digital Force Technologies (DFT) to leverage DFT’s sensor fusion platform to strengthen the capabilities of its interceptor drones for countering threats posed by fast-moving one-way attack […]

On-Orbit Services Startup Starfish Space Raises $110 Million To Execute Missions, Boost Production

Cal Biesecker — Tue, 07 Apr 2026 13:00:19 +0000

Starfish Space on Tuesday said it has raised about $110 million in a Series B round that will be used to execute orbital servicing missions already on contract, boost production […]

X-Bow Partners With Factory Engineering Company UNION To Boost Manufacturing

Cal Biesecker — Thu, 02 Apr 2026 14:37:02 +0000

Solid rocket motor and suborbital launch vehicle manufacturer X-Bow Systems on Thursday said has partnered with UNION Technologies to integrate software-defined factory capabilities into its manufacturing processes to increase capacity. […]

As DAF Considers Future Communications Architecture, SDA Stays Focused On Supplier Diversity

Frank Wolfe — Wed, 01 Apr 2026 21:34:59 +0000

As the Department of the Air Force (DAF) considers a future sensor-to-shooter communications architecture that may reserve a key spot for SpaceX, the Space Development Agency (SDA) intends to stick […]

Bloomberg, CNBC Report SpaceX Submitted Confidential Filing For IPO

Rachel Jewett — Wed, 01 Apr 2026 20:33:08 +0000

Bloomberg and CNBC reported Wednesday that SpaceX has confidentially filed for its initial public offering (IPO). A confidential filing allows a company to submit draft IPO registration to the Securities and Exchange Commission (SEC) […]

Godspeed Capital Acquires Airborne Networking Company GALT Aerospace

Cal Biesecker — Wed, 01 Apr 2026 17:38:52 +0000

The private equity firm Godspeed Capital Management on Wednesday said it has acquired airborne networking and multi-domain command, control and communications technology company GALT Aerospace, making it the fifth defense […]

Red Cat Adds Swarming Autonomy Developer Apium To Portfolio

Cal Biesecker — Tue, 31 Mar 2026 20:29:53 +0000

Red Cat Holdings [RCAT] on Monday said it has acquired Apium Swarm Robotics in a deal that adds a distributed swarming autonomy capability for unmanned aircraft systems (UAS) and unmanned […]

More Than $1 Billion Capacity Investment Will Help Boost F135 Production, Pratt & Whitney Says

Frank Wolfe — Tue, 31 Mar 2026 14:36:17 +0000

RTX‘s [RTX] Pratt & Whitney said that it has spent more than $1 billion in the last five years to boost engine production–an investment that may come in handy, as […]

Rocket Lab Gets German Approval To Acquire Mynaric

Cal Biesecker — Tue, 31 Mar 2026 13:15:59 +0000

Rocket Lab [RKLB] on Monday said it has received regulatory approval to complete its acquisition of Germany-based laser optical communications terminal (OCTs) supplier Mynaric AG, clearing the way for the […]

Autonomous Vessel Developer Saronic Raises $1.8 Billion To Accelerate Production, Add Capacity

Cal Biesecker — Tue, 31 Mar 2026 11:29:51 +0000

Leveraging demand for unmanned systems, Saronic Technologies on Tuesday said it has raised $1.75 billion in a new funding round that the company will use to accelerate production and deliveries […]

Hundreds of Bath Iron Works Ship Designers Go On Strike

Rich Abott — Thu, 26 Mar 2026 21:21:30 +0000

A union of ship designers at shipbuilder General Dynamics [GD] Bath Iron Works (BIW) went on strike Monday after members rejected the company’s new four-year contract proposal last weekend. The […]

Lockheed Martin, Workers Building F-35, Begin Contract Negotiations

Cal Biesecker — Thu, 26 Mar 2026 21:09:43 +0000

The union representing about 5,000 Lockheed Martin [LMT] employees that work on the F-35 fighter opened contract negotiations on Thursday with the company. International Association of Machinists and Aerospace Workers […]

Shield AI Raises $2 Billion; Acquiring Software Simulation Company Aechelon To Strengthen AI Pilot

Cal Biesecker — Thu, 26 Mar 2026 19:55:02 +0000

Shield AI on Thursday said it has raised $2 billion in new funding, including a $1.5 billion Series G round to buy defense software firm Aechelon and continue development of […]

PDW Raises $110 Million To Expand Offerings, Increase Drone Production

Cal Biesecker — Wed, 25 Mar 2026 20:43:58 +0000

Drone startup Performance Drone Works (PDW) has raised $110 million in a new funding round to expand its product offerings, ramp production and pursue other strategic programs. The Series B […]