Remember when we said that everyone loves a little baby tank? Well, ARX Robotics is back to prove our point. Yesterday, the German unmanned ground vehicle (UGV) company announced that it’s secured a “significant major order” from Ukraine—financed by the German government—for its Gereon UGVs. ARX UK CEO David Roberts told Tectonic that with the […]
The factory of the future is back, baby. Yesterday, hypersonic missile company Castelion announced that they’re breaking ground on a new, state-of-the-art facility in New Mexico that (at full capacity) will be able to churn out “thousands of Blackbeards [Castelion’s flagship hypersonic] a year,” Castelion COO and co-founder Sean Pitt told Tectonic. Pitt said that […]
Again, we’re not saying that money moves are happening across Europe because of the Tectonic European Defense Summit…but the signs are there. This morning, Ukraine signed what Emmanuel Macron called a “historic” letter of intent with the French government to buy 100 Dassault-made Rafale fighter jets, along with eight SAMP/T air defense systems and Aster-30 […]
We’re not saying crazy cash is flying around the defense tech world because of our summit, but we’re not not saying it. Yesterday, “domain dominance” defense startup and 8VC darling CHAOS Industries announced that it’s raised $510M in new funding at a $4.5B valuation, led by Valor Equity Partners (friends of Mr. Musk and early […]
If there is one fund that knows how to deploy big-time cash into tech companies, it’s Bessemer Venture Partners. The Silicon Valley fund has about $19B under management, and has invested in tech giants from LinkedIn (everyone’s fav) to Shopify. This year, the fund has turned to defense—specifically, European defense. They led Auterion’s $130M Series […]
Whoever thought the defense tech investment hype cycle was coming to an end, think again. Late last week, California-based VC fund MVP Ventures announced that it’s raised a $125M Fund II, nearly quadrupling its $35M Fund I. MVP Managing Partner Weston Moyer told Tectonic that about 12-15 percent of that will go to defense tech—six […]
Well, that Hegseth speech wasn’t the only good piece of defense tech news to come out at the tail end of last week. On Friday afternoon, Reuters reported that the US Army plans to buy at least a million drones in the next two to three years, and that they plan to buy 500K a […]
In case you missed it with, well, everything else that’s been going on, it’s been a pretty busy week in South Korea. On Tuesday, South Korean President Lee Jae Myung committed to increasing defense spending next year to 66.3T won ($46B). Then, Hegseth popped by on a two-day visit to meet with his counterpart, Defense […]
Looks like Shield AI is getting serious about the whole CCA thing. Yesterday, the company announced that it’s teaming up with jet engine megalith GE Aerospace ($GE) to power its newly announced little drone fighter, X-BAT. The two companies signed a Memorandum of Understanding stating that “the F110-GE-129 engine, featuring the advanced Axisymmetric Vectoring Exhaust […]
If you’ve learned one thing from this newsletter, we hope it’s that everyone and their mom wants to find a cheaper, better, faster way to shoot drones out of the sky. Some shoot them with mini-missiles, others hit them with jammers, and others still send counter-drones to pick them out of the sky. But that […]
