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’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 […]
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 ($46B). Then, Hegseth popped by on a two-day visit to meet with his counterpart, Defense […]
Happy Hegseth Lecture Day to all who celebrate! Everyone’s favorite new monthly tradition—SecDef Pete Hegseth gathering a bunch of super important people for a stern talking-to—is back for its November rendition, but with a bit of a twist this time. Instead of calling his audience fat, Hegseth is set to deliver an “Arsenal of Freedom” […]
Looks like Shield AI is getting serious about the whole CCA thing. Yesterday, the company announced that it’s teaming up with jet engine megalith GE Aerospace ($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 […]
When President Trump said, “If [NATO members] don’t pay, I’m not going to defend them,” earlier this year, his mind was clearly on Europe. That message got through and ignited a speedy and spendy military buildup on the Old Continent, sure, but one much bigger—and closer—NATO ally has stayed out of the defense spending spotlight […]
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 […]
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 […]
Remember that Firehawk winning streak we covered last month? Well, turns out the energetics startup wasn’t quite finished. Yesterday, the company announced—just two months after closing a $60M funding—that it’s received an additional “eight-figure” strategic investment from Hanwha Defense USA, according to a company spokesperson. Firehawk CEO Will Edwards told Tectonic that the partnership will […]
