Press Releases

Steadicopter, a leader in the Rotary Unmanned Aerial Systems (RUAS) industry, is proud to announce a new operational capability developed in collaboration with ParaZero: the integration of the DropAir precision airdrop system into Steadicopter’s Black Eagle 50E all-electric unmanned helicopter. The DropAir module transforms the Black Eagle 50E into a highly accurate and autonomous airborne delivery platform. Equipped with dual-mode parachute deployment and advanced drop algori

Elbit Systems Ltd. announced today that the Israel Securities Authority extended the term of the Company's shelf prospectus filed in September 2023, by 12 months, until September 27, 2026. The Company has not yet made any decision as to any offering of securities pursuant to the shelf prospectus, nor as to the scope, terms or timing of any such offering, and there is no certainty that any such offering will be made. Any securities offered pursuant to the shelf pro

As the Army continues to invest in agile and emergent UAS cutting edge technologies to accelerate Transformation in Contact initiatives, PDW has responded with time sensitive delivery, support and escalating capabilities. "In order to maintain a competitive edge in the current unpredictable state of war, the U.S. must embrace technological advancements as they are introduced to adapt faster than our opponents are," stated PDW co-founder Ryan Gury. "Right now, the advancement th

AiRANACULUS®, a private, Massachusetts-based technology company providing Artificial Intelligence (AI), and Machine Learning (ML) based wireless network solutions, has been awarded a NASA contract to develop an advanced communications platform to support exploration of the lunar surface. Under the new contract, the company will design and prototype a dynamic network architecture to significantly increase the range and reliability of lunar communications. The AiRANACULUS platform

Divergent Technologies, Inc. ("Divergent") today announced the closing of its Series E financing raising a total of $290 million at a $2.3 billion valuation. The round was led by Rochefort Asset Management and consists of $250 million in equity capital and $40 million in debt capital. Founded in 2014, Divergent is the creator of the Divergent Adaptive Production System (DAPS™), the world's first end-to-end digital manufacturing platform enabling rapid design, add

Pratt & Whitney, an RTX business, has received an $18 million TF33 engine sustainment contract from the NATO Support Procurement Agency (NSPA). Under this contract, Pratt & Whitney will provide comprehensive engine sustainment services for NATO's fleet of airborne warning and control system (AWACS) aircraft, also known as the E-3 Sentry. "NATO's TF33-powered E-3s have played a pivotal role supporting air, ground and maritime operations for over 40 years, pr

In a significant development for the defense sector in Southeast Asia, several countries have awarded substantial contracts focused on the procurement of advanced military vehicles. This initiative is aimed at boosting the operational capabilities of land forces amid growing regional security concerns and the need for enhanced military readiness.The contracts, valued at hundreds of millions of dollars, involve a diverse array of military vehicles including armored personnel carriers, t

In a groundbreaking move within the Asia-Pacific region, several key defense contractors have announced the formation of a strategic alliance to enhance cybersecurity solutions tailored for military applications. As nations across Asia prioritize the strengthening of their cybersecurity frameworks, this collaborative effort seeks to address emerging threats in the cyber domain while fostering innovation in defense technology.The alliance, comprising industry leaders from countries such

In a significant move aimed at bolstering the United States' advanced missile capabilities, Raytheon Technologies and Lockheed Martin have announced the formation of a new joint venture focused on the development of next-generation missile systems. This strategic partnership, announced earlier today, represents a convergence of two leading forces in defense technology, combining their expertise to innovate and produce state-of-the-art missile systems.The joint venture aims to leverage

Northrop Grumman Corporation, a key player in defense technology, has recently announced that it has secured a substantial contract valued at $400 million from the United States Department of Defense. This contract aims to enhance and upgrade airborne electronic warfare systems that are critical to maintaining air superiority and protecting U.S. forces against advanced threats.The decision to expand these capabilities reflects the increasing complexity of contemporary warfare, where el

Pratt & Whitney, an RTX business, has received an $18 million TF33 engine sustainment contract from the NATO Support Procurement Agency (NSPA). Under this contract, Pratt & Whitney will provide comprehensive engine sustainment services for NATO's fleet of airborne warning and control system (AWACS) aircraft, also known as the E-3 Sentry. "NATO's TF33-powered E-3s have played a pivotal role supporting air, ground and maritime operations for over 40 years, pr

BAE Systems has announced a landmark contract to develop a series of next-generation armoured vehicles tailored specifically for the needs of European defense forces. This groundbreaking initiative reflects the increasing emphasis on enhancing troop mobility and protection in the face of modern warfare dynamics.The new armoured vehicles are designed to incorporate advanced technologies that significantly improve both operational effectiveness and crew safety. With a focus on modular de

In a significant move that underscores the importance of cybersecurity in modern defense systems, Thales has announced a new partnership with a leading technology provider to bolster its cybersecurity offerings. This collaboration aims to address the increasingly sophisticated threats facing military and defense operations globally, ensuring that critical defense infrastructures remain secure and resilient.The modern battlefield is evolving rapidly, and the integration of advanced tech

In a significant move to enhance ground operations, multiple contracts have been awarded to prominent manufacturers for the development and supply of advanced military vehicles.These contracts aim to modernize the fleet of ground combat vehicles, ensuring they meet the contemporary warfare standards demanded by modern operating environments. The selection process considered both innovative design capabilities and the ability to integrate advanced technology.With warfare increasi

In response to the escalating threats faced by defence contractors globally, a leading cybersecurity firm has unveiled a suite of advanced cybersecurity solutions specifically designed for the defence industry.These new solutions address the unique vulnerabilities in defence operations, which are increasingly targeted by sophisticated cyber adversaries. As threats evolve, the need for robust, proactive defence mechanisms has never been more critical. The launch includes advanced threat