Optics11 announced it has secured USD$55.9 million (€50 million) in follow-on equity investment to accelerate its capacity to meet global customer demand. As European governments and defense organizations scramble to rebuild effective security infrastructure, this equity round takes total investment in the Company to more than USD$111.9 million (€100 million) in just 15 months.The latest round is backed by existing institutional investors SET Ventures…
Anduril Industries plans to invest $3.7 billion in a new Maryland shipyard to manufacture Virginia-class submarine components and other subsea systems, alongside a U.S. Navy contract worth up to $2.9 billion tied to production targets.The Arsenal…
The Coast Guard is standing up the Special Missions Command to oversee its deployable specialized forces. The command will enhance the operational effectiveness of the Coast Guard in responding to a wide range of national emergencies and events…
Introduction. Looking back at history one could argue that it was French author Jules Verne in his book “20,000 Leagues Under the Sea”, published in 1869, who was speculating about a new power source much in the same out of the box thinking that H…
Navantia UK welcomed the Secretary of State for Northern Ireland, Rt Hon Hilary Benn MP, to the Harland & Wolff shipyard, just over a year since the company’s acquisition and the launch of plans to revitalize the historic site for the future…
SunStone Maritime Group has chartered its expedition vessel, the Ocean Endeavour, to the Danish Defence. From early February, the vessel will be berthed in Nuuk, Greenland, where it will accommodate Danish and international soldiers participating in Exercise 'Arctic Endurance…
