Industry News

South Korea-based Hanwha Group will invest $5 billion in its Philly Shipyard infrastructure as part of its commitment to driving the growth of the U.S. shipbuilding industry. Scope of Shipyard Investment Hanwha said Wednesday the investment will support the installation of two additional docks and three quays as it aims to increase Philadelphia-based Philly Shipyard’s […] More

Last month, Unanet and CohnReznick released the 2025 GAUGE Report, the industry’s yearly benchmark study that tracks how government contractors are tackling growth, efficiency and compliance challenges. This year’s report takes on the theme of “The Big Use” — utilization — with a close look at how contractors manage resources and organize project management. In […] More

BAE Systems is modernizing its Microelectronics Center in Nashua, New Hampshire, to increase semiconductor production capacity and reduce technology costs for defense customers. The effort is supported in part by the Creating Helpful Incentives to Produce Semiconductors, or CHIPS, and Science Act to support U.S. national security and create job opportunities for skilled American workers, […] More

Lockheed Martin has teamed up with technology startup HavocAI to accelerate the development of medium unmanned surface vehicles, or mUSVs. “The future of maritime warfare is autonomous, and the mUSV is at the forefront of this revolution,” Paul Lwin, CEO of HavocAI, said Tuesday. Under the partnership, Lockheed Martin will share its expertise and expertise […] More

SNC has opened two new facilities in Miamisburg, Ohio, and Plano, Texas, as part of its regional and national expansion efforts.  The company said the sites will support military programs such as the Survivable Airborne Operations Center, or SAOC, and the High Accuracy Detection and Exploitation System, better known as HADES, and to strengthen the defense […] More

Lockheed Martin’s innovation division Skunk Works has signed a memorandum of understanding with Electra.aero, manufacturer of hybrid-electric aircraft, to collaborate on an upcoming ultra-short takeoff and landing, or Ultra-STOL, plane. Lockheed said it will work with Electra to accelerate the development and manufacturing of the nine-passenger EL9 Ultra-STOL.  “Electra has driven signification innovation in the […] More

Kratos Defense & Security Solutions has announced plans to expand its facility in Bristow, Oklahoma, to produce turbojet engines. The company said Monday that the advanced manufacturing site will initially focus on making its GEK800 propulsion technology. GEK800, part of the GE Aerospace-Kratos family of turbojet engines, is designed for unmanned aerial systems and collaborative […] More

Muon Space raised $89.5 million from Congruent Ventures and other investors in the aerospace startup’s recently closed Series B1 funding round.  The funding includes $44.5 million in equity and $45 million in credit facilities, the company said. During its initial Series B funding round in August 2024, Muon received $56.7 million from new and existing investors, […] More

The construction of Northrop Grumman‘s new Propulsion Innovation Center continues to progress. Benefits of the Facility The global aerospace and defense technology company said Monday that the 57,000-square-foot Elkton, Maryland, facility is intended to boost the production of solid rocket motors, or SRM. It will build on the company’s existing excess SRM capacity across its […] More