:

Business/Financial

Low-Cost Radar Developer Echodyne Closes $135 Million Investment Round

By Cal Biesecker

Monday, June 13th, 2022

SHARE:

Low-Cost Radar Developer Echodyne Closes $135 Million Investment Round

Bushmaster chain gun including Echodyne radar mounted on a pick-up truck. Photo: Northrop Grumman

Echodyne on Monday said it has closed a $135 million fundraising round that it will use to expand its workforce in all areas, including sales and marketing, product development and manufacturing as it prepares for an expected uptick in growth for its radar products, which are low-cost, low-power and low-weight. The funding round was co-led by the United Kingdom-based investment firm Baillie Gifford, a new investor, and Bill Gates, an existing investor, and also includes Northrop Grumman [NOC], New Enterprise…

Congress

House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature

The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]

Missile Defense

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’

While there has been criticism among missile defense advocates of Golden Dome’s development pace after the signing of an executive order in January last year, Space Force Gen. Michael Guetlein, […]

Missile Defense

Interview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]

Space

Space Force PAE For Infrastructure Completing Move To Colorado Springs

U.S. Space Force Space Systems Command’s (SSC) Portfolio Acquisition Executive (PAE) for infrastructure–a $4 billion contracting hub for SSC–is completing a move from Los Angeles Air Force Base, Calif. to […]