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Raytheon invests in H55 electric aviation

RTX Ventures, the venture capital arm of Raytheon Technologies, has made a minority investment in electric propulsion system company H55 to drive the development of electric aviation solutions. The investment in H55 aligns with Raytheon Technologies’ longstanding leadership in the development of innovative and sustainable propulsion technologies. H55, a Swiss company, is a leading enabler of electric propulsion …

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Japan and US confirm missile exercise success

The Japan Maritime Self-Defense Force (JMSDF) and the United States Missile Defense Agency (MDA) announce the successful completion of a two-week missile defense event incorporating two live fire exercises. The event, designated Japan Flight Test Mission–07 (JFTM–07) was held in cooperation with the U.S. Navy. The first live fire event demonstrated a successful engagement of …

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Northrop Grumman to Enhance UH-60V Aircraft

Northrop Grumman Corporation has been selected to provide engineering services for the KBR-led $156.7 million, five-year Department of Defense Information Analysis Center’s (DoD IAC) multiple-award contract (MAC) vehicle. IAC MAC task orders are awarded by the U.S. Air Force’s 774th Enterprise Sourcing Squadron to develop and create new knowledge for the enhancement of the Defense …

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Electric Boat Given $533M for Submarine Support

General Dynamics Electric Boat, a business unit of General Dynamics, announced today it was awarded a U.S. Navy contract modification for lead-yard support, development studies and design efforts related to Virginia-class attack submarines. The contract modification has a value of $532.9 million. Work will be performed in Groton, Connecticut, and Newport News, Virginia, and is …

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DRDO conducts maiden flight-test of Ballistic Missile interceptor

Defence Research & Development Organisation (DRDO) conducted a successful maiden flight-test of Phase-II Ballistic Missile Defence (BMD) interceptor AD-1 missile with large kill altitude bracket from APJ Abdul Kalam Island off the coast of Odisha on November 02, 2022. The flight-test was carried out with participation of all BMD weapon system elements located at different …

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Leonardo completes merger with RADA

Leonardo completes merger with RADA

Leonardo announced the completion of the all-stock merger between its US subsidiary Leonardo DRS, Inc. (“Leonardo DRS”) and RADA Electronic Industries Ltd. (“RADA”), together also becoming a combined publicly listed company (the “Combined Company”). As previously disclosed, Leonardo will retain an 80.5% ownership in the Combined Company through its US subsidiary Leonardo US Holding, with …

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