Press Releases

Frost & Sullivan's recent analysis on hypersonic technology development within the United States finds that the ownership of hypersonic missiles by US adversary world powers is accelerating the nation's expansion efforts of advanced hypersonic defense weapons. Since 2016, spending on hypersonic capability by the US Department of Defense (DoD) has risen ten-fold, from $350 million to $3.8 billion in 2020. By 2025, it is estimated to drop to $2.82 billion, with the Air Force and Nav

Curtiss-Wright Corporation announced that it was awarded a contract by Lockheed Martin to provide its Modular Open System Approach (MOSA) computers and video processing modules to upgrade the Mission Computer and Flight Management Computer (MC/FMC) on the U.S. Navy’s fleet of Sikorsky MH-60R/S Seahawk helicopters. The initial contract is valued at $24 million, with an estimated lifetime value of $70 million. “We are very proud to have been selected by Lockheed Martin to

New York, USA, June 07, 2021 (GLOBE NEWSWIRE) -- As per a recent report examined by Research dive, the global digital twin market

SCOTTSDALE, AZ, June 07, 2021 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW) (“AMMO” or the “Company”), a premier American ammunition and munition components manufacturer and technology leader, is pleased to announce it has been included in the June 4th preliminary list of member additions to the Russell 2000

Curtiss-Wright Corporation today announced that it has successfully delivered the primary flight control actuators and control electronics to Eviation Aircraft for the all-electric Alice aircraft, as it prepares for first flight. Curtiss-Wright’s high-power density electromechanical actuators (EMA) provide Eviation with a modular, distributed solution that enables a flexible control architecture. Curtiss-Wright’s proven commercial-off-the-shelf (COTS) EMA design delivers a lightwe

CENTREVILLE, Va., June 03, 2021 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today the upgrade of the Department of Defense’s airborne mission planning software, C2Core® Air, with a new cloud-native, web-based client sharing capability that unlocks the full power of cloud computing for combat operations, enhances the operator’s quick reaction c

Dublin, June 03, 2021 (GLOBE NEWSWIRE) -- The

Elbit Systems Ltd. announced today that following competitive technical evaluations it was awarded an approximately $80 million contract by a country in Asia-Pacific to supply SPECTRO™ XR multi-spectral electro-optic ("EO") systems for maritime forces. The contract will be performed over a period of four years. Under the contract, Elbit Systems will supply SPECTRO XR EO systems that will be integrated onboard a variety of maritime platforms. SPECTRO XR is a multi-spe

Honeywell's industry-leading JetWave product family of broadband satcom solutions has a new offering specifically designed for military and governmental aircraft. Officially known as JetWave MCX, the solution expands on the success of earlier JetWave products and features technical improvements specifically intended for military customers around the world. Since launching in 2017, Honeywell's JetWave high-speed, in-flight Wi-Fi has provided commercial and business jet passen

SAN DIEGO, June 02, 2021 (GLOBE NEWSWIRE) -- KULR Technology Group Inc. (OTCQB: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-io

Rockford, IL, June 02, 2021 (GLOBE NEWSWIRE) -- SupplyCore, a supply chain integrator and government contractor, has been awarded a 5-year contract for the Maintenance, Repair, and Operations (MRO) Tailored Logistics Support (TLS) program for the U.S. military and federal agencies. This contract, awarded by the Defense Logistics Agency (DLA) Troop Support Europe, supports faci

TORONTO, June 02, 2021 (GLOBE NEWSWIRE) -- Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company&r

WALTHAM, Mass., June 02, 2021 (GLOBE NEWSWIRE) -- Evolv Technology today announced the company has been awarded a contract with the United States Air Force to identify o

Arqit, the quantum encryption company, has signed a collaboration agreement with Northrop Grumman in the UK. Through the collaboration, Arqit, which is developing end-to-end quantum encryption using satellite distribution, will work with Northrop Grumman to develop and understand this novel technology for potential use in defence and national security settings. The collaboration work programme has already begun in order to assess technological possibilities. The next phase of the co

Power management company Eaton announced it has completed the acquisition of Cobham Mission Systems. Cobham is a leading manufacturer of air-to-air refueling systems, environmental systems, and actuation, primarily for defense markets. The business has a workforce of approximately 2,000 people and manufacturing facilities in the United States and United Kingdom. “We’re excited to welcome the Cobham team to Eaton,” said Heath Monesmith, president and chief operating