Press Releases

Supernal, Hyundai Motor Group's (HMG) Advanced Air Mobility (AAM) company, Hyundai WIA, a global automotive and aerospace parts manufacturer and Mecaer Aviation Group, an Italy-based global aeronautical company, announced today a partnership to design and manufacture landing gear systems for electric vertical takeoff and landing (eVTOL) vehicles. Hyundai WIA specializes in mass manufacturing and precision machine tools, while Mecaer is experienced in designing and building aerospace-grade

KBR  was awarded a $75 million, five-year recompete task order to perform research and analysis to address the Department of Defense (DoD) critical technology areas of advanced materials, trusted artificial intelligence (AI) and autonomy, and renewable energy generation and storage.   KBR was awarded this task order under the DoD Information Analysis Center (IAC) Multiple Award Contract (MAC) vehicle. This is a significant recapture of Project Manager Transportation System

The Ministry of Defense and Armed Forces of the Czech Republic announced today the start of negotiations on potential acquisition of the new-generation multi-mission Embraer C-390 Millennium, a military transport aircraft. The decision to start negotiating towards possible purchase the C-390 was based on a market assessment and analysis prepared by Czech Republic's Ministry of Defense, which identified the C-390 as the most suitable solution for meeting the requirements of the Army of the

Honeywell and Hyundai Motor Group's Supernal have announced a breakthrough collaboration to develop a ground control station designed to enable pilotless Advanced Air Mobility (AAM) operations. This strategic collaboration will empower Supernal's flight test program, allowing remote pilots to safely monitor and command aircraft while also accessing real-time aircraft data. Honeywell's ground control station is a software solution that allows remote aircraft operations be

Space Perspective, the world's first carbon-neutral spaceflight experience company, today unveiled the custom design for its restroom – a first-ever Space Spa. Space Perspective has completely reimagined human spaceflight with an innovative spacecraft (Spaceship Neptune) that features a pressurized capsule propelled slowly to the edge of space by a giant SpaceBalloon™. Tucked into one side of the roomy capsule interior (the Space Lounge), the Space Spa will surpass f

Textron Aviation, an industry leader in bringing new aircraft and product updates to market, today announced that its renowned Cessna Citation M2 Gen2 will include Garmin Autothrottles beginning in mid-2025, reducing pilot workload and improving the flying experience. The Cessna Citation M2 Gen2 is designed and produced by Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company. Garmin Autothrottles further enhances the Citation M2 Gen2's capabilities by optimizing e

General Dynamics NASSCO, a subsidiary of General Dynamics (NYSE: GD), announced today it was awarded a contract by the U.S. Navy for the maintenance, modernization and repair of USS Chung-Hoon (DDG 93) and USS James E. Williams (DDG 95). The contract for an initial $15.6 million includes options that, if exercised, would bring the cumulative value to $753.8 million. "NASSCO and our industry partners are looking forward to executing a pair of successful availabilities and are th

In a collaboration to strengthen sustainability in aviation, Boeing [NYSE: BA] is partnering with NASA and United Airlines for in-flight testing to measure how sustainable aviation fuel (SAF) affects contrails and non-carbon emissions, in addition to reducing the fuel's life cycle climate impact. Boeing's second ecoDemonstrator Explorer, a 737-10 destined for United Airlines, will fly with 100% SAF and conventional jet fuel in separate tanks and alternate fuels during testin

Darkhive Inc. announces it has been selected by the Air Force Research Laboratory, or AFRL, for a Small Business Innovation Research, or SBIR, Phase II contract in the amount of $1,249,350 focused on tactical voice command and control for the Android Team Awareness Kit (ATAK) in order to address the most pressing challenges in the Department of the Air Force (DAF). About Darkhive Founded in 2021, Darkhive has placed an emphasis on developing affordable, US-ma

Teledyne FLIR, part of Teledyne Technologies Incorporated, today announced version 1.0 of its Prism™ ISP, a highly optimized image signal processing software development kit (SDK) for embedded systems designed to maximize performance in thermal and multispectral applications. Designed to run on low-power GPUs from Qualcomm and NVIDIA, Prism ISP includes image-enhancing functionality for: • Noise reduction • Super-resolution • Electronic image stabi

Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:TDY), is introducing its new Black Hornet® 4 Personal Reconnaissance System at this week’s Association of the U.S. Army (AUSA) conference in Washington D.C. Black Hornet 4 represents the next generation of lightweight nano-drones, building on its predecessor to deliver enhanced covert situational awareness to small units. A new 12-megapixel daytime camera with superior low-light performance, plus new h

World-leading flat-panel satellite antenna company, Kymeta announced today at AUSA 2023 Annual Meeting and Exposition the launch of the Osprey u8 HGL, a hybrid geostationary/low Earth orbit (GEO/LEO) terminal purpose-built for military users. Leveraging Eutelsat Group’s (formally known as OneWeb) LEO satellite network, the Osprey u8 HGL is a complete, customizable solution that can be easily mounted on a wide array of military vehicles and vessels, providing connectivity on-the-mov

Pacific Defense, a leading provider of Modular Open Systems Approach products and mission solutions, was recently awarded a contract by the US Army to further develop and mature mission solutions aligned with the U.S. Army’s C5ISR Modular Open Suite of Standards (CMOSS) and The Open Group’s Sensor Open Systems Architecture™ (SOSA) technical standard. The award builds on a series of prior US Army, Navy, and Air Force awards to build a family of SOSA and CMOSS aligned capabili

Comtech announced today that it was recently awarded a U.S. Army contract with a maximum ceiling value of $544 million. Under the contract, Comtech will provide onsite professional engineering services, as well as supply and support the company’s market leading satellite and terrestrial networking communications technologies for the Project Manager (PM) Tactical Network (TN) for the Global Field Service Representative (GFSR) support program. The GFSR program provides

The Lockheed Martin Corporation board of directors has authorized a fourth quarter 2023 dividend of $3.15 per share. The dividend is payable on Dec. 29, 2023, to holders of record as of the close of business on Dec. 1, 2023. This marks the 21st consecutive year of dividend increases for the company. The company's board has also authorized the purchase of up to an additional $6 billion of Lockheed Martin common stock under its share repurchase program, nearly doubling total autho