Investment

Leonardo Buys Raft in $450M Deal

Watch out, y’all. The Europeans are coming for your defense tech startups.  Leonardo DRS, the US subsidiary of Italian defense giant Leonardo, announced yesterday that it’s snapped up Virginia-based data fusion and AI defense software company Raft in an all-cash deal valued at $450M. The deal, according to Leonardo DRS CEO John Baylouny, “adds proven […]

Tech

Applied Intuition Turns AV’s Mayhem 10 Drone into a Swarm

It seems like anywhere autonomy is involved, Applied Intuition finds a way to wiggle in. This time, it’s with defense tech heavyweight AV (FKA AeroVironment).  The $15B autonomy software startup announced this morning that it’s teaming up with AV to integrate its Acuity ISR/Strike swarming software into the latter’s Mayhem 10 “launched effects” (fancy term […]

Pentagon

Pentagon Inks Patriot and THAAD Component Deal with L3Harris

The Pentagon’s framework agreements with Lockheed to triple and quadruple Patriot and THAAD production (respectively) made a big splash, but it looks like the department heard that those numbers would be pretty hard to hit if production of their key components didn’t get some love, too.  Luckily, they’re moving to fix that missile pickle. Yesterday, […]

Investment

Exclusive: Underwater Sensing Startup Andrenam Raises $18M

There’s a popular saying that we know less about the ocean than space. Andrenam is on a mission to change that.  The California-based startup is building a distributed network of underwater acoustic sensors and the AI-powered software to process all of the data they collect. That fits cleanly into the whole “maritime is all the […]

Pentagon

The Marines Take Allen Control Systems’ Counter-Drone Machine Gun Mobile

Allen Control Systems certainly isn’t resting on its laurels after raising $200M at a multi-billion-dollar valuation.  The Austin-based counter-drone startup announced this week that the Marine Corps has selected its Bullfrog robo-machine gun for the Light Marine Air Defense Integrated System (LMADIS), the service’s most expeditionary vehicle-based c-UAS platform, under its broader Ground Based Air […]