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Seattle-based Overland AI has unveiled IBEX, a new fully autonomous ground vehicle chosen by the U.S. Marine Corps for critical missions like counter-drone defense and resupply. Built on a Polaris MRZR chassis, IBEX can carry 2,000 pounds and operates autonomously at speeds over 35 mph using proprietary software.
Tech titan Elon Musk is rejoining government service to co-direct the Pentagon's Project Meridian, an initiative focused on the future of warfare. This marks his return to an advisory role, collaborating with defense tech founder Palmer Luckey and former House Speaker Newt Gingrich.
Defense technology powerhouse Anduril is reportedly seeking a new funding round that could propel its valuation to an astonishing $100 billion, a move that would underscore its meteoric rise in the defense sector. This
On June 18, industry leaders, investors, and founders will gather at The Aerospace Corporation Campus in El Segundo for StrictlyVC Los Angeles. This exclusive event promises an evening of profound discussions,
Applied Aerospace & Defense, a Huntsville-based firm, successfully raised $650 million in an IPO that was ten times oversubscribed, pricing shares at $20. The offering underscores a strong investor shift towards defense hardware and solidifies the company's $3.4 billion market valuation. Trading begins Wednesday on the NYSE under AADX.
Palantir Technologies faces a dual challenge: retail investors are selling off shares to rotate into semiconductors, while the German military has formally rejected the company for defense contracts. Despite strong Q1 revenue growth of 85% to $1.63 billion and raised full-year guidance, Palantir's stock is down 20% year-to-date, indicating a failure of its long-standing market narrative.
The U.S. Army announced late Friday a landmark 10-year contract with defense technology startup Anduril, a deal that could be valued at up to $20 billion. This significant agreement is set to streamline the Army's
