:

Space

BlackSky Acquires Full Stake in LeoStella Ahead of Gen-3 Constellation

By Rachel Jewett

Friday, November 8th, 2024

SHARE:

BlackSky Acquires Full Stake in LeoStella Ahead of Gen-3 Constellation

LeoStella’s factory in Tukwila, Washington. Photo: LeoStella

Ahead of launching the first satellites in its Gen-3 constellation upgrade, BlackSky [BKSY] fully acquired small satellite manufacturer LeoStella. BlackSky announced the move in its third quarter investor call on Nov. 7, along with 6% revenue growth and a strong quarter of contract wins. LeoStella was a 50-50 joint venture between BlackSky and Thales Alenia Space. The small satellite manufacturer based in Washington state builds BlackSky’s satellites. “BlackSky acquired our partner’s stake in LeoStella to help optimize the Gen-3 supply chain and production operations,”…

Congress

House Appropriators ‘Concerned’ With JLTV A2 Delays, Shift Funds For Marines’ Second Supplier Effort

House appropriators have said they’re “seriously concerned” with Joint Light Tactical Vehicle (JLTV) A2 delays, as their fiscal year 2027 defense spending bill shifts funds to support the Marine Corps’ […]

Budget

House Appropriators Uncertain Navy Will Award F/A-XX Contract By August

House appropriators said they are skeptical the Defense Department will award the engineering and manufacturing development (EMD) contract for the Navy’s F/A-XX next-generation carrier-based fighter program by the most recent […]

Congress

House Appropriators Approve $1.07 Trillion FY ‘27 Defense Bill Amid Reconciliation Uncertainty

The House Appropriations Committee has approved its $1.07 trillion fiscal year 2027 defense spending bill, advancing a bill with a historic topline while uncertainty lingers over Congress’ next step to […]

Budget

House Appropriators Add Restrictions And Reporting Requirement To Battleship, Reject Cut

The chairman’s mark of the House Appropriations Committee’s (HAC) fiscal year 2027 defense appropriations bill funds the administration’s $1 billion request for the BBG(X) Trump-class battleship, but adds restrictions requiring […]