Denver-based defense and space prime York Space Systems IPO process moves forward as the company officially filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering of its common stock. This pivotal financial move underscores the increasing investor interest in the growing government space…
Palladyne AI is fundamentally shifting its operational focus, moving beyond its roots as a software innovator to become a vertically integrated defense technology company. The company established Palladyne Defense following key acquisitions, transforming its capacity to deliver intelligent, resilient systems. This move accelerates the trend of AI Defense Vertical Integration, combining breakthrough AI autonomy with…
General Dynamics Electric Boat (GDEB) secured a significant contract modification valued at $2.28 billion from the Naval Sea Systems Command (NAVSEA). This substantial award advances procurement and early construction efforts for additional hulls within the critical Columbia-class Submarine Program, the U.S. Navy’s top acquisition priority. This modification specifically drives work on future hulls, designated SSBN…
Chenega Corporation names Meg Arminski as its new Vice President of Human Resources, effective immediately. Arminski steps into the role previously held by Vicky Stuart, who retires after six years of service to the company. Based in the Anchorage, Alaska office, the new Chenega HR VP drives human capital strategy and organizational development for the…
Raytheon, an RTX business, has secured a significant NASAMS contract valued at $698.9 million from the U.S. Army to provide advanced air defense fire units. This firm-fixed-price award, processed through the Foreign Military Sales (FMS) program, ensures the delivery of the National Advanced Surface-to-Air Missile System units. The Army Contracting Command obligated the full contract…
The Department of State approved a potential $330 million Foreign Military Sale (FMS) package, a crucial action that significantly boosts Taiwan Aircraft Sustainment capabilities. The sale, announced via the Defense Security Cooperation Agency (DSCA), allows the Taipei Economic and Cultural Representative Office (TECRO) to purchase non-standard spare and repair components and logistical support for its…
