InvestmentPentagon

The Pentagon’s $9B Shutdown Spending Spree

Despite the government being shut down for 43 days—the longest in US history—the Pentagon was certainly open for business.  After the House struck a deal and President Trump signed a continuing resolution to keep the government open through January last week, the DoD’s workforce returned to their desks to announce nearly $9B in new contracts […]

InvestmentPentagon

Neros Raises $75M Series B, Tapped for Army Drone Program

Last week, we said Neros was turning things up a notch. We might’ve jumped the gun—now they’re really turning it up.  Earlier this week, the white-hot drone startup announced it closed $75M Series B. As a cherry on top, they were tapped for the US Army’s Purpose Built Attritable System (PBAS) program.  Not a bad […]

PentagonPolicy

US Army Plans to Buy 1M Drones A Year

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 […]

Pentagon

Hegseth Shakes Up Defense Acquisition 

In case you’ve been living under a rock for the past few days, a tectonic shift is underway in the way the Pentagon does business. (Ha, ha, ha.) Over the course of his 70-minute speech to defense industry execs, military procurement officials, and others at the National War College on Friday, Secretary of Defense Pete […]

PentagonPolicy

What to Expect from Hegseth’s Address to Industry

Happy Hegseth Lecture Day to all who celebrate!  Everyone’s favorite new monthly tradition—SecDef Pete Hegseth gathering a bunch of super important people for a stern talking-to—is back for its November rendition, but with a bit of a twist this time. Instead of calling his audience fat, Hegseth is set to deliver an “Arsenal of Freedom” […]

Pentagon

Neros Snags Major Marine Corps Contract for FPVs

Neros is turning things up a notch.  Earlier this week, the California-based drone startup announced that it has scored a multi-million-dollar delivery order contract from the US Marine Corps for thousands of its Archer drones. Plus, most of the FPVs will have a mini-warhead attached to make them lethal.  Big buzz: Neros’ Archer FPV quadcopter […]

InvestmentPentagon

Vulcan Elements Inks $1.4B Deal with the US Government and ReElement

The DoD, sorry, DoW, has really gotten a taste for critical minerals. On Monday, rare-earth magnet maker Vulcan Elements announced a whopping $1.4B partnership with the Pentagon, Department of Commerce, and ReElement Technologies to scale their vertically integrated rare-earth magnet supply chain.  Sounds like the meeting with Xi wasn’t that good.  Rare air: Drones have […]

Pentagon

Trump Jr.-Linked Unusual Machines Wins Army Contract

It never hurts to have a few well-connected friends, especially one with a key to the White House. Late last week, Donald Trump Jr.-backed drone and drone component company Unusual Machines ($UMAC) announced that it has won a contract to supply the Army with 3,500 drone motors and other components. Business as (un)usual.  Built different: […]

Pentagon

Castelion Wins Army & Navy Integration Contracts 

The hype for hypersonics is back, baby. On Friday, hypersonic missile company Castelion announced that it has won multiple awards to integrate its Blackbeard “hypersonic strike weapon” (read: super-fast missile) onto operational US Army and Navy platforms.  Castelion couldn’t reveal too many details of the contracts—the DoD is keeping deets hush-hush during the shutdown—but Castelion […]

PentagonTech

ICYMI: The Navy’s CCA Program

If you read our newsletter yesterday (we see you), you’ll know that General Atomics announced that they’ve been tapped by the Navy to develop conceptual designs for the service’s very own CCA program.  (For the blissfully unaware, that’s the collaborative combat aircraft, or loyal wingman, program. Essentially, it’s the effort to build drone fighters that […]