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Statement on the Department of War’s Suspension of CMMC Phase II Requirements
NATIONAL HARBOR, Md.--(BUSINESS WIRE)--The Cyber AB, the official accreditation body for the Department of War’s Cybersecurity Maturity Model Certification (CMMC) program, acknowledges Monday’s Pentagon announcement of its suspension of CMMC Phase II requirements and the establishment of a CMMC Reform Task Force to conduct a 60-day review of the program. “While we are both surprised and disappointed in yet another momentary pause to this original and vital Trump Administration program, we are c...
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Zenno Astronautics Announces U.S. Redomicile, Establishing Corporate Headquarters in Los Angeles
LOS ANGELES--(BUSINESS WIRE)--Zenno Astronautics, a New Zealand-founded space company pioneering superconducting technologies for space, today announced its intent to redomicile to the United States. While maintaining its presence in New Zealand, the company is establishing its headquarters in Los Angeles as part of its long-term strategy to expand its presence in the world's largest aerospace and defense market and evaluate future investments in manufacturing, testing and operational infrastru...
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Peraton Appoints Salim Omar as Chief Financial Officer to Accelerate Its Next Phase of Growth
RESTON, Va.--(BUSINESS WIRE)--Peraton, a leading provider of national security solutions, today announced the appointment of Salim Omar as Chief Financial Officer (CFO), effective June 20, 2026. Omar most recently served as Acting CFO of Peraton, following more than a decade in senior finance leadership roles across the company and its predecessor organizations. Over the course of his tenure, Omar has developed deep institutional knowledge of Peraton’s business while building a distinguished re...
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Suzanne P. McKillop Named ASME Senior Vice President of Standards and Certification
ALEXANDRIA, Va.--(BUSINESS WIRE)--MPR Associates announces Suzanne P. McKillop, PE, Senior Technical Advisor, begins term as SVP of Standards and Certification for ASME....
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Loft Orbital Expands Satellite Inventory with Airbus Longbow and Apex Nova Bus Procurements
SAN FRANCISCO--(BUSINESS WIRE)--Loft extends support for diverse defense and commercial space missions by adding 10 new satellite platforms in inventory, ready for integration....
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BigBear.ai Launches Expanded Generative AI Platform and Capabilities for Department of War Missions
MCLEAN, Va.--(BUSINESS WIRE)--BigBear.ai (NYSE: BBAI), a specialized defense and security technology company providing mission-ready AI, today announced a significant expansion of its generative AI platform, introducing new capabilities designed to give Department of War (DoW) mission teams greater flexibility and control over where generative AI runs, how models are accessed, and how generative AI capabilities are procured. The expanded platform incorporates new air-gapped hardware, an additio...
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Powerlaw Corp. (Nasdaq: PWRL) Announces Prometheus and Shield AI as Newest Holdings & Files Updated Schedule of Investments
SAN FRANCISCO--(BUSINESS WIRE)--Powerlaw Corp. (Nasdaq: PWRL), a publicly traded closed-end fund advised by Powerlaw Fund Adviser, LLC, today highlighted its newest portfolio holdings, Prometheus and Shield AI, two companies at the center of the growing physical AI and autonomous defense systems categories. In addition, the company filed its latest Schedule of Investments (SOI) as of June 30, 2026.“As the public markets prepare to celebrate the entry of pioneering AI leaders, we have been busy i...
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Slingshot Aerospace Wins $69.2 Million U.S. Space Force Contract to Advance AI-Powered Mission Readiness for Space Defense
WINDSOR, Colo.--(BUSINESS WIRE)--Slingshot Aerospace, the leader in Space Operations Intelligence & Autonomy (SOIA), today announced a $69.2 million award in support of the U.S. Space Force’s ongoing digital transformation efforts. This 4.5-year initiative, part of the Operational Test and Training Infrastructure (OTTI) program, will deliver AI-powered mission rehearsal and operational training capabilities to Guardians responsible for protecting and defending U.S. and allied interests in s...
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JPMorganChase Announces $24 Million to Help Strengthen Shipbuilding in Philadelphia and America’s Defense Industrial Base
PHILADELPHIA--(BUSINESS WIRE)--JPMorganChase today announced $24 million to strengthen Philadelphia’s shipbuilding and maritime manufacturing industry—supporting skills training, stronger supply chains and small business growth in a sector critical to America’s defense industrial base. The announcement includes $18 million in loans and investments and $6 million in philanthropic grants. Near-term focus areas include: Driving the expansion of a submarine manufacturing and assembly facility expec...
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Aalyria Signs Agreement to Join New DIU-Funded Secure Defense Facility in Pittsburgh
LIVERMORE, Calif.--(BUSINESS WIRE)--Aalyria, an advanced aerospace communications company whose products are critical to the next generation of space-based communications systems, today announced it has signed an agreement to use a new Sensitive Compartmented Information Facility (SCIF) being built in Pittsburgh, Pennsylvania. The facility is funded by the Defense Innovation Unit (DIU), the U.S. Department of War organization that accelerates the adoption of commercial technology for national s...