Press Releases

Paragon Space Development Corporation (Paragon) is excited to announce today it has entered into a definitive agreement to acquire Final Frontier Design (FFD), a leading supplier of spacesuits and ancillary components for NASA and other commercial customers. FFD currently has several NASA contracts for spacesuit components and has a Space Act Agreement with NASA for its IVA suit. This capability – combined with Paragon's history of Portable Life Support Systems (PLSS), uni

Elbit Systems Ltd. announced today that its Brazilian subsidiary, AEL Sistemas S.A. ("AEL"), was awarded a contract to supply additional Hermes™ 900 UAS (Unmanned Aerial Systems) to the Brazilian Air Force (Força Aérea Brasileira "FAB"). The contract is in an amount that is not material to Elbit Systems and will be performed over a period of 16 months. Under the contract, the Company will supply its Hermes 900 UAS and spare parts. Over the pas

BAE Systems has been awarded a five-year contract, worth up to $137 million, to provide lifecycle management and sustainment of the U.S. Navy’s command, control, communications, computers, combat systems, intelligence, surveillance, and reconnaissance (C5ISR) systems. Under this contract, awarded in November, the company will also train military personnel on how to operate the C5ISR systems. “Our deep C5ISR sustainment experience, skilled workforce, and in-place resource

BAE Systems has been awarded a five-year indefinite delivery, indefinite quantity contract worth up to $154 million to continue supporting the U.S. Navy’s Naval Air Warfare Center Webster Outlying Field. Under the contract awarded in November, BAE Systems will support the rapid integration and sustainment of command, control, communications, computers, combat systems, intelligence, surveillance, and reconnaissance (C5ISR) systems for the Special Communications Mission Systems Division.

FDH Aero (“FDH”), a distributor of aerospace hardware, replacement parts, electronic components, and chemicals, has acquired Calco Industries, LLC (“Calco Aerospace” or “Calco”) from founders Charlie and Lisa Gralapp. This acquisition meaningfully strengthens FDH’s position in the military rotorcraft supply chain and presents an opportunity to accelerate growth with new and existing customers as a complement to FDH’s existing military rotorcraft

Elbit Systems Ltd. announced today that its subsidiary in the United Arab Emirates ("UAE"), Elbit Systems Emirates Limited ("Elbit Systems Emirates"), was awarded an approximately $53 million contract to supply Direct Infrared Countermeasures ("DIRCM") and airborne Electronic Warfare ("EW") systems for the Airbus A330 Multi-Role Tanker Transport aircraft of the UAE Air Force. The contract will be performed over a five-year period. Under the co

Lockheed Martin completed another successful year as the F-35 program continued to expand its global footprint and enhance operational capabilities. In 2021, two new countries – Switzerland and Finland – selected the F-35 for their new fighter jet programs. Additionally, Denmark received its first F-35 and the Royal Netherlands Air Force became the ninth nation to declare their F-35 fleet ready for Initial Operational Capability. The F-35's operational capabilities c

NASA has awarded the NOVEL Technologies contract to Development Seed (New Rights Group) of Washington to support science data systems at the agency's Marshall Space Flight Center in Huntsville, Alabama. The performance-based, firm-fixed price contract has a potential mission services value of $24.67 million. The contract begins Jan. 1, 2022, with a nine-month base period, followed by four one-year option periods that may be exercised at NASA's discretion. Developme

Orbit Communication Systems Ltd., a leading global provider of maritime and airborne SATCOM terminals, tracking ground station solutions, and mission-critical airborne audio management systems announced today that it has entered into an agreement to purchase 100% of the issued and repaid capital of Euclid System Engineering Ltd., which specializes in the development of smart, small and lightweight positioners & tracking systems for the defense industries. This transaction is par

BAE Systems and Embraer Defense & Security have announced plans to embark on a joint study to explore the development of Eve's electric Vertical Take Off and Landing (eVTOL) vehicle for the defence and security market. The joint study builds on Eve's development for the urban air mobility market and will look at how the aircraft could provide cost-effective, sustainable and adaptable capability as a defence variant.   Engineers from BAE Systems' Air se

The Cybersecurity Maturity Model Certification Accreditation Body, Inc.  announced today the election of new officers to lead its Board of Directors in 2022. Current Vice Chair Jeff Dalton was elected by the Board to serve as Chairman; Paul Michaels, who served as Chair of the Ethics and Compliance Committee and acting Government Security Officer, will become Vice Chair; and Sheryl Hanchar will serve a second term as Secretary. Current Chairman Karlton Johnson informed the Boar

Camden County, Georgia a rocket testing location and alternate launch site for the Apollo program has reclaimed its aerospace heritage with the issuance of a launch site operator license (LSOL) by the Federal Aviation Administration for Spaceport Camden. Spaceport Camden is a multi-user, vertical lift, commercial launch site on the Atlantic seaboard that will support up to 12 small vehicle launches per year. “In the 20th century Camden County was declared the ‘Gateway to

L3Harris Technologies  completed the final major design milestone on the U.S. Missile Defense Agency’s (MDA) Hypersonic and Ballistic Tracking Space Sensor (HBTSS) program Phase IIb On-orbit Prototype Demonstration and has already begun building the demonstration satellite. Completing the CDR is the final design milestone ensuring performance, cost and schedule requirements can be met before beginning to build the satellite. However, L3Harris has been building and buying

SkySafe, an airspace security and management technology company, today announced a $30 million Series B investment led by Kingfisher Investment Advisors with participation from new investors Gaingels, and MIT alumni investment fund Castor Ventures. Previous investor Andreessen Horowitz, who led the seed and Series A investments, also joined the round. To date, SkySafe has raised $45 million in total financing. The fresh capital will help further accelerate the company’s growth through s

BetterUp, the human transformation company and inventor of virtual coaching, announced today an award of a sole source contract by The Department of the Air Force to enroll more than 1,500 Airmen and Guardians across multiple Air Force Major Commands, including the newly established Space Force. Airmen and Guardians have access to International Coaching Federation certified individual coaching and group coaching as part of a program designed to further propel a coaching culture across the Air