Muon Space closes Series B round at $146M
The four-year-old small satellite maker has more financial resources for the development of its Earth intelligence gathering platform and to acquire another company. Muon Space, a small satellite manufacturing startup, has closed its Series B capital raise at $146 million to support the scaling of its production posture and acquire a fellow young company that specializes […]
OpenAI awarded $200M DOD prototype contract
The Defense Department is eyeing administrative operations, health care and cyber as areas with potential use cases for the company’s technology. OpenAI has been awarded a $200 million contract to continue developing artificial intelligence prototypes for the Defense Department. The one-year other transaction agreement, announced Tuesday, will focus on how what the company calls “frontier AI” […]
Lockheed hires former Pentagon AI lead as tech chief
Craig Martell led the development and rollout of a strategy for the Defense Department to adopt more artificial intelligence tools. Lockheed Martin has hired a new chief technology officer in Craig Martell, formerly the Defense Department’s chief digital and artificial intelligence officer from 2022 to 2024. Martell will start at the company on Monday and report […]
How drone warfare fares in the 2026 budget
The president’s proposal leans heavily on one-time reconciliation dollars. The Pentagon wants to spend more than 20 percent more next year to research, develop, test and evaluate new technologies—but that increase would come from the Trump administration’s massive tax and budget reconciliation bill, leaving funding levels flat if Congress doesn’t pass it. And a lot of […]
ODRG secures venture backing for national security, geospatial tech strategy
Advantage Capital is investing in the 12-year-old contractor through Empower The Change, a fund started in 2022 to exclusively provide capital to minority-owned businesses. Organizational Development Resource Group, a technology services company focused on national security and geospatial customers, has secured a $3 million investment from a growth capital fund geared toward entrepreneurs it views as […]