Press Releases

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

"This initial launch is the first step in support of deployment of Amazon's initiative to provide fast, affordable broadband service to unserved and underserved communities around the world," said Gary Wentz, ULA vice president of Government and Commercial Programs. "We have worked diligently in partnership with the Project Kuiper team to launch this important mission that will help connect the world. We look forward to continuing and building on the partnership for future

Stoke Space, the rocket company building the world's most efficient fully and rapidly reusable rocket, announced today $100 million in new Series B investment to drive continued growth and innovation. This investment more than doubles the company's total funding, which now sits at $175 million. The company also announced the official name of its first rocket: Nova. The funding round was led by Industrious Ventures with participation from the University of Michigan, Sparta Gr

Consolidated Laser Technologies has been awarded a $500,000 firm-fixed-price contract for the development and testing of ultra short pulse laser applications for the United States Navy's Submarine Industrial Base (SIB). Awarded on September 19, this contact marks a significant step forward in advancing surface preparation techniques using advanced laser systems, with the potential for substantial long-term reductions in maintenance costs. CLT, is a Service Disabled Vet

The UK Space Agency and Japan Aerospace Exploration Agency have agreed to start bilateral collaboration to develop an in-orbit telemetry relay service, called "InRange", which will be demonstrated on the H3 launch vehicle. The bilateral collaboration for InRange builds upon the Memorandum of Cooperation (MoC) signed between both space agencies in 2021. Under this framework, InRange is jointly funded through UKSA's International Bilateral Fund for the development of a n

Near Earth Autonomy, Inc. and Kaman Air Vehicles, a division of Kaman Corporation, announced today that they have been awarded a contract by the U.S. Army to demonstrate a resupply uncrewed aerial system (UAS) capable of moving loads with a minimum of 800 pounds and flying distances over 100 miles. This heavy-lift vertical takeoff and landing (VTOL) UAS will take Soldiers out of harm’s way and supplement resupply trips through added uncrewed lift capacity. Today, the Army depe