Press Releases

BAE Systems has entered into a teaming agreement with Kongsberg Defence and Aerospace to bring Integrated Combat Solution (ICS) to the U.S. defense market. The transformational battlefield situational awareness tool for combat vehicles will provide the Warfighter with the capability to link and share video streams, metadata, target information, slew-to-cue commands, and much more, reducing the typical threat response speed from minutes to seconds. Together, with Kongsberg developing

Sierra Space, a leading commercial space company and defense tech prime that is Building a Platform in Space to Benefit Life on Earth®, announced today a NASA contract to develop a Trash Compaction and Processing System (TCPS) and test it aboard the International Space Station in late-2026. The technology may be critical for the success of future space exploration and is being developed to handle waste management, stowage, and water reclamation for long-duration missions, includ

IFS, the leading enterprise cloud and industrial AI software provider, today announced that Rolls-Royce’s Power Systems division, with its mtu brand, has chosen to implement IFS Cloud to optimize its global service operations and support its strategic objectives of efficiency, sustainability, and growth. As part of the transition of Power Systems to a solution-provider approach, the division, which has a workforce of over 10,000 employees, sought an innovative solution to boos

Leonardo and Rheinmetall have decided to establish a joint venture aiming at forming a new European nucleus for the development and production of military combat vehicles in Europe. The companies had already signed a corresponding Memorandum of Understanding (MoU) in Rome at the beginning of July 2024. Rheinmetall AG and Leonardo S.p.A. will be equal shareholders (50% each) in the new company Leonardo Rheinmetall Military Vehicles (LRMV), which will have its legal headquarters in Ro

V2X, Inc. a leading provider of global mission solutions, will report third quarter 2024 financial results on Monday, November 4, 2024, after market close. Senior management will conduct a conference call at 4:30 p.m. ET that same day. U.S.-based participants may dial in to the conference call at 877-506-6380, while international participants may dial 412-542-4198. A live webcast of the conference call as well as an accompanying slide presentation will be available at https://app.we

KBR announced today it has been awarded an engineering and procurement services contract for the Beachfield Manatee upgrade, the onshore portion of the Manatee gas field project. Under the terms of the contract, KBR will provide engineering and procurement services for Shell's Manatee project located in the East Coast Marine Area of Trinidad and Tobago. The Manatee gas field supports global energy security and natural gas production, providing gas for the country's Atlantic

Leidos, a Fortune 500 innovation leader, announced AirShield™, the new name for its latest solution for counter-unmanned aerial system (C-UAS) missions.  The next step in the evolution of the system's architecture will include expanded capabilities featuring both kinetic and non-kinetic effectors.  The reintroduction comes amid the company's desire to highlight how its successfully tested technology stands out from other options already on the market. AirShie

The Boeing Company announced today it will recognize impacts to its financial results related to charges for certain programs across the Commercial Airplanes and Defense, Space & Security segments and the IAM work stoppage when it reports third quarter results on October 23. The company expects to report third quarter revenue of $17.8 billion, GAAP loss per share of ($9.97), and operating cash flow of ($1.3) billion. Cash and investments in marketable securities totaled $10.5 billion at t

Leonardo DRS, Inc. and BlueHalo announced today the successful live-fire demonstration of a new Counter Unmanned Aircraft System (C-UAS) Directed Energy (DE) Stryker designed to defeat Group 1-3 UAS with multiple kinetic and non-kinetic defeat technologies. During last month’s demonstration for U.S. Army officials in Socorro, N.M., the mobile C-UAS capability successfully destroyed numerous drones using BlueHalo’s 26kW LOCUST Laser Weapon System. Additionally, the demons

The Boeing built X-37B will soon perform a series of advanced aerobraking maneuvers, taking the dynamic spaceplane from a Highly Elliptical Orbit (HEO), where it’s been operating since December 2023, and lowering its altitude using minimal fuel. This will be the first time Boeing, the United States Space Force (USSF) and the X-37B attempt to accomplish this novel demonstration. “Space is a vast and unforgiving environment where testing technologies is critical to the suc

XTI Aerospace, Inc., an aerospace company developing the revolutionary TriFan 600 aircraft, today announced the release of software version 1.9 of its proprietary Flight Transition Simulator. This advanced simulator is designed to optimize flight transitions from vertical-lift flight to wing-borne flight and vice versa for the TriFan 600 vertical lift crossover airplane. The latest update includes the addition of One-Engine-Inop (OEI) capability, a crucial feature that simulates engine-out sc

BAE Systems has received a $184 million contract modification to produce an additional 48 Armored Multi-Purpose Vehicles (AMPV) for the U.S. Army. The order is in addition to the existing full-rate production contract. The AMPV family of vehicles (FoV) replaces the Army's legacy M113s and modernizes the force by providing critical survivability, mobility, on-board power and interoperability upgrades to the Armored Brigade Combat Team. The FoV is currently built in five variants

Leidos, a FORTUNE ® 500 innovation company, was recently awarded the Automated Installation Entry (AIE) Next Generation contract to enhance security at 92 additional Army and select Joint-Service installation access control points located around the world. The single award IDIQ was awarded by the Army Contract Command for the Program Executive Office Intelligence, Electronic Warfare & Sensors. The follow-on contract has a six-year period of performance with a total ceiling value of $2

Conti Federal Services, a leading construction and engineering firm for the U.S. federal government specializing in military construction and critical infrastructure, has been awarded a $29.6M contract for the construction of an Army Reserve Training Center (USARC) at Fort Buchanan in Guaynabo, Puerto Rico. The contract was awarded by the U.S. Army Corps of Engineers (USACE) Louisville District for the construction of a 1,400-member Army Reserve Center (ARC) Training Building in the

ParaZero Technologies Ltd. an aerospace company specializing in drone safety systems for defense and commercial drones and for urban air mobility aircraft, recently announced that it has achieved significant milestones in the rapidly growing Counter-Unmanned Aerial Systems (C-UAS) market with back-to-back orders for its advanced counter-drone solution. These recent successes highlight ParaZero’s impressive entry into the counter-drone sector, following its earlier announcement this year