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NEW YORK & BENGALURU, India--(BUSINESS WIRE)--Airbound, an autonomous delivery logistics firm specializing in blended-wing-body aircraft, today announced $8.65 million in seed funding and a pilot partnership with Narayana Health. The round was led by Lachy Groom, co-founder of Physical Intelligence, with participation from Humba Ventures and continued participation from Lightspeed. This seed round also includes investment from senior leaders at Tesla, SpaceX, and Anduril, reflecting deep convic...

ARLINGTON, Va.--(BUSINESS WIRE)--AeroVironment, Inc. (“AV”) (NASDAQ: AVAV) today announced that current Executive Vice President, Space & Directed Energy (DE) Mission Systems Mary Clum has been appointed President of the company's Space, Cyber & Directed Energy (SCDE) business segment, effective October 24, 2025. Clum will report directly to Chairman, President & CEO Wahid Nawabi. Trip Ferguson, who has decided to step down, will remain at the company for a limited period to ensure...

ARLINGTON, Va.--(BUSINESS WIRE)--AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), the leading global provider of loitering munition systems, today announced the expansion of its combat-proven Switchblade® family of precision loitering munitions with three new systems: the Switchblade 600 Block 2, the Switchblade 400, and the Switchblade 300 Block 20 equipped with a modular explosively formed penetrator (EFP) payload. Together, these systems expand the Switchblade product line across echelons and miss...

KIRKLAND, Wash.--(BUSINESS WIRE)--Echodyne, the radar platform company, is pleased to announce the launch of its next-generation software platform, EchoWare, to enable partners and customers to swiftly integrate and deliver advanced radar capabilities into their systems and solutions. With quickly maturing requirements for precise situational awareness data across markets and applications, from defense and security to drone as first responder (DFR) and a robust drone delivery infrastructure, Ec...

WASHINGTON--(BUSINESS WIRE)--IronGate Capital Advisors, one of the country’s most active defense tech venture capital firms, announced last week that its investment portfolio has grown to over 540 companies across its two funds, ranging from seed stage start-ups to later-stage growth equity companies. Since its founding in 2018, IronGate Capital Advisors has sought to be the most collaborative partner in the defense tech ecosystem by co-investing with many of the leading investors in this space...

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it won first place in a Department of Defense counter drone competition by demonstrating an advanced electronic warfare system that can be integrated into the company’s range of proven and fielded counter-UAS (C-UAS) capabilities. This latest capability highlights the company’s leadership role as a developer and provider of proven counter-UAS and air defense systems that enhance force protection across today’...

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has expanded its VAMPIRE™ system, demonstrating the company’s ability to swiftly respond to the U.S. Department of War and allied partners’ urgent need to defeat small unmanned autonomous systems accurately and affordably. The expanded family of systems now includes specialized variants for land, maritime, air and electronic warfare operations. VAMPIRE is a self-contained platform that delivers advanced reconnaissance and preci...

CHICAGO--(BUSINESS WIRE)--Today’s militaries operate in high-intensity, dispersed and contested spaces across land, air, sea, space and cyber domains, where the ability to analyze, visualize and disseminate vast quantities of data is essential to the mission. At AUSA 2025, Motorola Solutions (NYSE: MSI) will showcase data-driven technology solutions that support stronger decision making and combat readiness across each phase of the mission, from security on bases to operations at the tactical e...

MINNEAPOLIS--(BUSINESS WIRE)--Over 25 Million Modules Deployed and Counting: Digi XBee® Celebrates Customer Innovation...

LINDON, Utah--(BUSINESS WIRE)--Fortem Technologies' Q3 2025 CUAS orders from U.S. allies in Europe and the Middle East roughly doubled QoQ and YoY....