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The U.S. announced a $1B long-term security aid for Ukraine, focusing on new equipment, munitions, and weapon repair, with funds from the Ukraine Security Assistance Initiative
Dec. 7, 2024 - Defense Secretary Lloyd Austin highlighted the Biden administration’s strong support for Ukraine amid Russia’s ongoing invasion, emphasizing the stakes for global stability. He urged continued bipartisan support as the U.S. and allies collectively face Russia's escalating military costs. (Defense News)
Dec. 7, 2024 - Defense Secretary Lloyd Austin highlighted the Biden administration’s strong support for Ukraine amid Russia’s ongoing invasion, emphasizing the stakes for global stability. He urged continued bipartisan support as the U.S. and allies collectively face Russia's escalating military costs. (Defense News)
BAE Systems secured a $2.5B contract to supply 115 CV9035 MkIIIC combat vehicles to Denmark and 50 to Sweden
Dec. 6, 2024 - The deal also includes vehicles for Ukraine, financed by Sweden and the Netherlands, with deliveries to Ukraine planned through 2026. These CV90s feature advanced upgrades, including a new turret design, enhancing their functionality and interoperability among NATO allies. (Defense News)
Dec. 6, 2024 - The deal also includes vehicles for Ukraine, financed by Sweden and the Netherlands, with deliveries to Ukraine planned through 2026. These CV90s feature advanced upgrades, including a new turret design, enhancing their functionality and interoperability among NATO allies. (Defense News)
Palantir and Anduril are collaborating to create AI infrastructure for the U.S. military, combining edge computing and AI platforms to process untapped battlefield data
Dec. 6, 2024 - The collaboration addresses the challenge of vast, uncaptured military data critical for AI training, aiming to streamline data collection and deployment across U.S. defense systems. (Maginative)
Dec. 6, 2024 - The collaboration addresses the challenge of vast, uncaptured military data critical for AI training, aiming to streamline data collection and deployment across U.S. defense systems. (Maginative)
Trive Capital is exploring options for Karman Space & Defense, including a sale or IPO, potentially valuing the company at over $3B
Dec. 6, 2024 - Karman, a supplier to major defense firms like Northrop Grumman and Lockheed Martin, could raise $400–$500 million through a public listing. While no final decisions have been made, the company’s advanced aerospace and defense capabilities make it an attractive target for private equity and industry buyers. (Yahoo! Finance)
Dec. 6, 2024 - Karman, a supplier to major defense firms like Northrop Grumman and Lockheed Martin, could raise $400–$500 million through a public listing. While no final decisions have been made, the company’s advanced aerospace and defense capabilities make it an attractive target for private equity and industry buyers. (Yahoo! Finance)
Shield AI and Palantir Technologies have expanded their strategic partnership to deliver advanced AI-powered command-and-control solutions
Dec. 5, 2024 - Combining Shield AI's Hivemind software and Palantir's operational tools, the collaboration aims to address critical defense challenges, enhance mission execution, and support American re-industrialization with Palantir's Warp Speed manufacturing OS. (PR Newswire)
Jeff Bezos believes his space venture Blue Origin will surpass Amazon, with a current market value of $2.3T, to become his most successful business
Dec. 4, 2024 - While Blue Origin has faced delays and remains unprofitable, Bezos sees significant potential in its ambitious projects, such as rockets, space stations, and lunar landers. Despite lagging behind SpaceX, Bezos acknowledges Musk's company as a strong competitor and remains optimistic about Blue Origin's progress, including the upcoming launch of the New Glenn rocket. (CNBC)
Dec. 4, 2024 - While Blue Origin has faced delays and remains unprofitable, Bezos sees significant potential in its ambitious projects, such as rockets, space stations, and lunar landers. Despite lagging behind SpaceX, Bezos acknowledges Musk's company as a strong competitor and remains optimistic about Blue Origin's progress, including the upcoming launch of the New Glenn rocket. (CNBC)
Raytheon's Pratt & Whitney division secured a $1.3B contract modification to support F-35 fighter jet engines
Dec. 3, 2024 - The contract will cover maintenance, repairs, spare parts, and training for U.S. military branches and international partners. The work, spanning multiple locations globally, is set to conclude by November 2025, funded by U.S. defense budgets and foreign contributions. Key sites include East Hartford, Oklahoma City, and Indianapolis. (Investing.com)
Dec. 3, 2024 - The contract will cover maintenance, repairs, spare parts, and training for U.S. military branches and international partners. The work, spanning multiple locations globally, is set to conclude by November 2025, funded by U.S. defense budgets and foreign contributions. Key sites include East Hartford, Oklahoma City, and Indianapolis. (Investing.com)
Safran Defense & Space has chosen Parker, Colorado, for its U.S. headquarters, solidifying the state's role as an aerospace leader
Dec. 3, 2024 - This $25 billion global company will manufacture electric propulsion thrusters and support satellite communications, bringing 20 high-paying jobs to Douglas County. Local leaders attribute Safran's decision to Colorado’s skilled workforce, aerospace ecosystem, and proximity to major companies like Lockheed Martin and Blue Origin. (CBS News)
Dec. 3, 2024 - This $25 billion global company will manufacture electric propulsion thrusters and support satellite communications, bringing 20 high-paying jobs to Douglas County. Local leaders attribute Safran's decision to Colorado’s skilled workforce, aerospace ecosystem, and proximity to major companies like Lockheed Martin and Blue Origin. (CBS News)
Boeing will lay off 158 employees in Huntsville starting January 17, 2024, as part of a nationwide 10% workforce reduction due to financial challenges and restructuring efforts
Dec. 3, 2024 - The company has faced significant financial losses, ongoing union strikes delaying production, and recently sought to raise $19 billion in capital. Affected employees will receive severance, career support, and healthcare benefits for up to three months. (AL)
Dec. 3, 2024 - The company has faced significant financial losses, ongoing union strikes delaying production, and recently sought to raise $19 billion in capital. Affected employees will receive severance, career support, and healthcare benefits for up to three months. (AL)
