:

Business/Financial

Lockheed Martin Ventures Participates In Funding Round For Xona Space

By Cal Biesecker

Wednesday, August 3rd, 2022

SHARE:

Lockheed Martin Ventures Participates In Funding Round For Xona Space

Xona Engineer Nick Manglaviti setting up hardware-in-the-loop testing at Xona’s R&D lab in San Mateo, California. (Photo: Xona Space Systems)

Xona Space Systems, a small company developing low earth orbit (LEO) satellites for global positioning and navigation services as an alternative to the GPS constellation, has closed a new funding round that includes Lockheed Martin’s [LMT] investment arm. The latest funding round, led by First Spark Ventures, brings California-based Xona’s total funding to over $25 million. Xona said the new funding will accelerate its development of its Pulsar system, which the company says will “provide resilient and trusted centimeter-level position…

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]