Press Releases

Globalsat Group a global provider of mission-critical satellite and wireless connectivity solutions is partnering with Rivada Space Networks to provide access to a unique next-generation data network for customers in the energy, government, NGO, agriculture, utilities and transportation sectors throughout the Americas and beyond. Globalsat is an industry leader in mobile and other satellite services providing specialized voice, data, M2M/IoT, software, and hardware throughout the Am

Clear Ridge Defense CRD recently announced their award of a prime contract to support U.S. Cyber Command's Exercise and Training Directorate J7, Cyber Adversary Tactics Office CATO. The contract’s total value if all options are awarded could total approximately $25 million. CATO is regarded as a highly technical, outstandingly capable team that conducts cyber threat emulation to ensure CYBERCOM’s Cyber Mission Forces CMF are well-trained to counter advanced and persi

Exostar, the leader in trusted, secure business collaboration for highly regulated industries including aerospace and defense, today announced it has received a two year contract from the UK Ministry of Defence (MoD) to support conducting business with its community of thousands of suppliers.  The new deal, which takes effect on January 1, 2024, comes at the conclusion of a competitive bidding process, and extends a productive relationship that spans more than two decades for a minimum o

Proteus Capital Solutions, a private equity firm focused on the lower middle-market of the aerospace, defense, and government services ("ADG") sector, announced the sale of KeyLogic Technologies to System One, a portfolio company of Oaktree. Acquired by Proteus, through an affiliated entity, in 2018 in partnership with CEO Jeannette Lee, KeyLogic is an established provider of analytic and digital technology solutions to leading data-centric customers across the Federal market, suppo

Millennium Space Systems, a Boeing company, achieved the Missile Track Custody (MTC) space vehicle Critical Design Review (CDR) less than a year after authorization to proceed. "The missile warning and defense architecture must be rapidly fielded, resilient in a wartime environment and ready to defend the Nation and our Allies," said Col. Heather Bogstie, senior materiel leader for the SSC Space Sensing Resilient Missile Warning, Missile Tracking, Missile Defense (MW/MT/MD

Firefly Aerospace, Inc., an end-to-end space transportation company, completed the first hot fire test for its Miranda engine that will power the first stage of Northrop Grumman's Antares 330 and the Medium Launch Vehicle (MLV) the companies are co-developing together. The critical milestone was completed just over a year after signing the initial contract. The turbopump-fed engine test further validates the design of Miranda's startup sequence, transient conditions, and tap

Oshkosh Defense announced today that the U.S. Army Contracting Command – Detroit Arsenal (ACC-DTA) awarded a production contract for the Medium Equipment Trailer (MET). Oshkosh will partner with Broshuis, B.V to execute the $342 million contract. The five-year Indefinite Delivery/Indefinite Quantity (IDIQ) contract includes the option for two additional years and calls for Oshkosh to produce an estimated 557 trailers. The MET is a six-axle trailer designed to be pull

nLIGHT, Inc., a leading provider of high-power semiconductor and fiber lasers, today announced a $34.5 million contract award that will be executed over approximately 18 months to provide a High Energy Laser (HEL) in support of the U.S. Army’s Rapid Capabilities Critical Technologies Office (RCCTO) Directed Energy Maneuver-Short Range Air Defense (DE M-SHORAD) prototyping effort. nLIGHT is serving as a subcontractor to KORD Technologies, LLC as prime contractor in support of this effort

Advent Technologies Holdings, Inc.an innovation-driven leader in the fuel cell and hydrogen technology space, today announced that it has received a notification letter from Nasdaq Stock Market LLC (“Nasdaq”) that the Company has been granted an additional 180-day compliance period, or until May 20, 2024, to regain compliance with Nasdaq’s minimum bid price rule. Nasdaq’s determination is based on the Company meeting the continued listing requirement for mark

NASA will host a What’s on Board media teleconference at 2 p.m. EST Wednesday, Nov. 29, to discuss the science payloads flying aboard the first commercial robotic flight to the lunar surface as part of the agency’s CLPS (Commercial Lunar Payload Services) initiative under the Artemis program. Carrying NASA and commercial payloads to the Moon, Astrobotic Technologies will launch its Peregrine lander on ULA’s (United Launch Alliance) Vulcan rocket. Liftoff of the ULA

L2 Aviation, a leading supplier of global avionics services including engineering, certification, installation and manufacturing announced today a Memorandum of Understanding (MOU) with Klatt Works that sets the framework for certification and support of the newly developed Klatt Works SAVED system. The Klatt Works SAVED system is a unique wearable system that adds augmented reality technology to existing pilot oxygen masks, displaying critical flight information. During a smoke in

Leonardo DRS, Inc., announced today the successful completion of comprehensive sea trials of the first Ulsan-Class Future Frigate experimental Batch-3 (FFX-III) for the Republic of Korea Navy (ROK Navy). DRS provides the hybrid electric drive propulsion system for the ship, featuring quiet, compact, advanced permanent magnet propulsion motors, supporting the ship’s anti-submarine warfare (ASW) mission with less noise generation and superior fuel economy. This sea trial follows the deliv

Gulfstream Aerospace Corp. today announced the successful completion of the world's first trans-Atlantic flight using 100% sustainable aviation fuel (SAF). Accomplished on November 19, the flight took place on a Gulfstream G600 aircraft, which departed the company's headquarters in Savannah and landed 6 hours, 56 minutes later at Farnborough Airport in England. Powered by Pratt & Whitney PW815GA engines, both using 100% SAF, this mission showcases the potential for aviat

MDA Ltd. a leading provider of advanced technology and services to the rapidly expanding global space industry, announced today that it has received an Authorization to Proceed (ATP) contract from an undisclosed customer to start work on a new Non-Geostationary Orbit (NGSO)* satellite constellation. The ATP, valued at approximately $180 million, is to immediately commence engineering and programmatic activities, including the procurement of long-lead items. The full constellation, v

The Board of Directors of Howmet Aerospace declared a dividend of 93.75 cents per share on the outstanding $3.75 Cumulative Preferred Stock (“Class A Stock”) of the Company, to be paid on January 1, 2024 to the holders of record of the Class A Stock at the close of business on December 8, 2023. About Howmet Aerospace Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, is a leading global provider of advanced engineered solutions f