Air Taxi Raytheon Technologies Leads Funding Round In Hybrid-Electric Propulsion Startup VerdeGo Aero, a startup company developing hybrid-electric propulsion for aircraft, on Wednesday announced a $12 million funding round led by RTX Ventures, the corporate capital…
Military Shield AI Raises $165 Million In Funding Round To Accelerate Autonomous Piloting Defense technology startup Shield AI has closed a $165 million funding round that the company said will be used to accelerate the development artificial intelligence (AI) pilots,…
Military Raytheon Technologies’ New Venture Arm Invests In Hypersonic Aircraft Company Hermeus RTX Ventures, a capital investment group recently set up by Raytheon Technologies, on Thursday said it made a strategic investment in the start-up company Hermeus Corp.,…
Military Northrop Grumman Touts B-21 Benefit In First Quarter; Income, Sales Slip Northrop Grumman on Thursday posted first quarter results that included a boost from its ongoing development work on the Air Force’s B-21 next-generation stealth bomber.…
Military DART Aerospace Acquires Paravion Technology And Century Helicopters Canada’s DART Aerospace on Thursday said it has acquired Colorado-based Paravion Technology and its maintenance, repair and overhaul (MRO) service arm Century Helicopter, complementing its portfolio of…
Military Lockheed Martin Finishes 2021 With Strong Fourth Quarter Lockheed Martin on Tuesday reported strong fourth quarter financial results, ending a challenging 2021 on a high note, although the company continues to project a drop…