Mobile Uplift Corp., a consortium of European and North American investors, has agreed to acquire assets of bankrupt electric aircraft manufacturer Lilium.
In 2024, the effort oversaw the launch and execution of 110 science and technology projects across seven crew, resupply and private astronaut missions.
Each commercial contract agreement task order is scheduled to take effect from February 2025 through September 2029, with an option for the five-year extension.
The Polish government on Dec. 24 plans to sign a contract for uncrewed air system (UAS) equipment to support use of the Homar-K multi-launch rocket system.
The Philippines is looking at a short to medium-term plan to acquire the Lockheed Martin Typhon missile system, as one way to bolster its coastal defenses.
Trump is nominating Stephen Feinberg, CEO of Cerberus Capital Management, to serve as deputy defense secretary to the still-to-be-confirmed Pete Hegseth.
The undefinitized contact action for Lot 18 of F-35 production keeps the government funding stream open to Lockheed and its supply chain as the talks continue.
The launch and recovery of TA-2, if confirmed, marks a major milestone for Stratolaunch’s plan to develop the Talon into a reusable hypersonic test system.
Govini estimates that more than 20,000 individual parts used by the Pentagon are impacted by the export controls, affecting more than 1,000 weapons systems.
Northrop Grumman started developing the new motor in response to a U.S. Navy request for an upper-stage rocket for an “extended-range, hypersonic capability.”
Considering the myriad challenges associated with eVTOLs, several of the leading startups have announced plans to develop better-performing hybrid eVTOLs.
Activist investor Browning West has taken a 4.3% stake in Canadian training and simulation leader CAE as the latter is searching for a new CEO in 2025.
