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UND, Voyager Technologies Sign Agreement to Drive Innovation
WASHINGTON--(BUSINESS WIRE)--The University of North Dakota (UND) and Voyager Technologies [NYSE: VOYG], a defense and space technology company, officially signed a joint investment agreement during a ceremony in Washington, D.C. UND is a leading institution for national security and aerospace education, and its Space Studies Department is the oldest and largest in the nation. The university is the first school to join the U.S. Space Force’s University Partnership Program and is the only univer...
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Axle Point Capital Closes First Transaction with Strategic Investment in Odyssey Space Research
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Axle Point Capital, a Newport Beach private equity group, successfully closes its first transaction, investing in Odyssey Space Research, LLC....
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AeroVironment Awarded $874M Foreign Military Sales IDIQ to Deliver UAS and C-UAS Systems to Allied & Partner Forces
ARLINGTON, Va.--(BUSINESS WIRE)--AeroVironment (AV) (NASDAQ: AVAV), a global leader in all-domain autonomous systems, has been awarded a five-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract worth $874.26 million from the U.S. Army Contracting Command. This contract will support future foreign military sales (FMS) through the Program Executive Office (PEO) Aviation, enabling allied and partner forces to procure a range of Groups 1-3 unmanned aerial systems (UAS) and counter-UAS (C-...
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Infleqtion Appoints Karl Pendergast as Senior Vice President and General Manager of Quantum Sensing Solutions
BOULDER, Colo.--(BUSINESS WIRE)--Infleqtion (the “Company”), a global leader in neutral atom-based quantum technology, announced the appointment of Karl Pendergast as Senior Vice President and General Manager of its Quantum Sensing Solutions Group. Pendergast brings nearly four decades of experience in aerospace and defense, with a proven track record of driving strategic growth and operational excellence across civil, defense and commercial markets. Pendergast is joining Infleqtion after the c...
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AV Awarded $13.2M Contract to Provide P550 UAS for U.S. Army’s Long Range Reconnaissance (LRR) Program
ARLINGTON, Va.--(BUSINESS WIRE)--AV, with partner Parry Labs, has been awarded a 3-year Other Transaction Agreement with an initial base contract value of $13.2M with additional options for a total potential contract value of $42M to provide the newly developed P550™ uncrewed aircraft system (UAS) for the U.S. Army’s Long Range Reconnaissance (LRR) program. The all-battery electric, high-performance P550 delivers long-range intelligence, surveillance, and reconnaissance (ISR) capabilities along...
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PHOTRON LIMITED Announces Acquisition of AOS Technologies AG
TOKYO--(BUSINESS WIRE)--PHOTRON LIMITED, a global leader in high-speed and scientific imaging solutions, today announced its acquisition of AOS Technologies AG, a Swiss-based designer and manufacturer of advanced high-speed imaging systems serving automotive, aerospace, industrial, and defense markets. Founded in 2002, AOS Technologies has earned worldwide recognition for its engineering innovation, rugged imaging platforms, and application expertise. The acquisition strengthens PHOTRON’s globa...
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Beehive Industries Completes High-Altitude Testing of Frenzy™ Engine, Clears Path to Flight
DENVER--(BUSINESS WIRE)--Beehive Industries, an American manufacturer of advanced propulsion systems for uncrewed aerial defense applications, announced today the successful completion of high-altitude testing for its 200 lbf Frenzy™ engine, marking another major milestone in the company’s rapid development program and confirming readiness for flight testing in the first quarter of 2026. The achievement underscores Beehive’s ability to deliver cutting-edge propulsion to the warfighter at the sp...
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Vertical Aerospace Partners with Syensqo to Support Industrialisation Plan for the VX4 Aircraft
LONDON & NEW YORK--(BUSINESS WIRE)--Vertical Aerospace (“Vertical” or “Company”) [NYSE:EVTL], a global aerospace and technology company that is pioneering electric aviation, and Syensqo, a global leader in advanced materials, today announced a new long-term supplier partnership. Syensqo’s high-performance composite and adhesive materials - already used in Vertical’s prototype programme - have been selected for the VX4 aircraft, which is targeting certification in 2028 before entering into comme...
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Innovative Aerosystems Announces Fourth Quarter and Full-Year 2025 Results Conference Call and Webcast Date
EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. d/b/a Innovative Aerosystems (“IA” or the “Company”) (NASDAQ: ISSC), today announced that it will release fourth quarter and full-year 2025 results before the market opens on Thursday, December 18, 2025. A conference call will be held that same day at 10:00 a.m. ET to review the Company’s financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying prese...
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Albany International Declares Dividend
PORTSMOUTH, N.H.--(BUSINESS WIRE)--The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.28 per share on the Company’s Class A Common Stock. The dividend is payable January 8, 2026, to shareholders of record on December 16, 2025. About Albany International Corp. Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses. Machi...