President-elect Donald Trump announced on Tuesday evening he has selected Fox News host Pete Hegseth to serve as his defense secretary. Hegseth, an Army veteran, is a surprise pick that […] ...

Firefly Aerospace has raised $175 million in new venture capital that will help it boost production of a multi-mission orbital vehicle and its small lift rocket, and accelerate hardware qualification […] ...

The Navy on Nov. 8 awarded Textron Systems [TXT] a $394 million modification to build nine more Ship to Shore Connectors (SSC) hovercraft. The SSCs are 100-class Landing Craft Air […] ...

Indian conglomerate JSW Group will invest $90 million in U.S. startup Shield AI over the next two years to license and manufacture the small company’s V-BAT unmanned aircraft system (UAS) […] ...

Vatn Systems, a startup developing autonomous underwater vehicles (AUVs) for U.S. and allied military customers, on Tuesday said it has raised $13 million in seed funding to further expand its […] ...

The Army has awarded Repkon USA a contract worth up to $435 million to build a new TNT production facility in Graham, Kentucky, the service said on Friday. The contract […] ...