Grumman

EQS-News: Volume Production Begins for Mynaric’s Flagship Space Laser Terminal – CONDOR Mk3

Retrieved on: 
Wednesday, April 10, 2024

MUNICH, April 3, 2024 – Mynaric (NASDAQ: MYNA) (FRA: M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced a milestone in the product maturity of the company’s flagship free space optical communications terminal for space-to-space and space-to-ground applications - the CONDOR Mk3.

Key Points: 
  • MUNICH, April 3, 2024 – Mynaric (NASDAQ: MYNA) (FRA: M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced a milestone in the product maturity of the company’s flagship free space optical communications terminal for space-to-space and space-to-ground applications - the CONDOR Mk3.
  • Volume production for the optical communications terminal began early in the first quarter of 2024 with an initial shipment made last week following customer approval.
  • Mynaric was also selected by Loft Federal to supply the CONDOR Mk3 terminals to NExT – the SDA’s Experimental Testbed.
  • This is just the beginning of reaching our full production capacity for the CONDOR Mk3 and future products.”
    In addition to volume production of the CONDOR Mk3 optical communications system, Mynaric continues to pursue opportunities that explore the use of free space optical communications for additional space programs.

Follow the Money in Defense Stocks - The Sky's the Limit

Retrieved on: 
Wednesday, March 27, 2024

This achievement follows a series of successful evaluations that showcased the efficiency of KULR's solutions in cooling critical onboard systems.

Key Points: 
  • This achievement follows a series of successful evaluations that showcased the efficiency of KULR's solutions in cooling critical onboard systems.
  • With over two decades of pioneering work in heat dissipation technologies, KULR has become a trusted provider for demanding sectors including defense, aerospace and beyond.
  • Raytheon, an RTX business, was recently awarded a $1.2 billion contract to supply Germany with Patriot® air and missile defense systems.
  • (NYSE American: KULR), the defense industry represents an opportunity to capitalize on their innovative energy efficiency technology solutions and the sky is the limit.

Space Foundation Receives James Webb Space Telescope Full-Scale Model From Northrop Grumman

Retrieved on: 
Tuesday, April 9, 2024

Colorado Springs, CO USA, April 08, 2024 (GLOBE NEWSWIRE) -- Space Foundation , a nonprofit organization founded in 1983, offering education, collaboration and innovation for the global space ecosystem, today announced that Northrop Grumman has gifted a full-sized scale model of the James Webb Space Telescope (Webb) to be permanently displayed at Space Foundation Discovery Center in Colorado Springs.

Key Points: 
  • Colorado Springs, CO USA, April 08, 2024 (GLOBE NEWSWIRE) -- Space Foundation , a nonprofit organization founded in 1983, offering education, collaboration and innovation for the global space ecosystem, today announced that Northrop Grumman has gifted a full-sized scale model of the James Webb Space Telescope (Webb) to be permanently displayed at Space Foundation Discovery Center in Colorado Springs.
  • The announcement was made at the opening ceremony of Space Foundation’s 39th annual Space Symposium , being held at The Broadmoor.
  • The full-scale model’s new home, Space Foundation Discovery Center, is a hands-on, interactive space and science center focused on inspiring, educating and preparing the next generation of explorers and innovators.
  • Northrop Grumman's generous gift of this full-scale model to Space Foundation will undoubtedly inspire and educate future generations about the wonders of space exploration,” said Heather Pringle , Space Foundation CEO.

Intuitive Machines-led Moon RACER Team Awarded NASA Lunar Terrain Vehicle Contract to Support the Agency’s Artemis Campaign

Retrieved on: 
Wednesday, April 3, 2024

HOUSTON, April 03, 2024 (GLOBE NEWSWIRE) -- NASA has awarded Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) (“Intuitive Machines”) (“Company”) $30 million as a prime contractor to complete a Lunar Terrain Vehicle Services Feasibility Assessment.

Key Points: 
  • HOUSTON, April 03, 2024 (GLOBE NEWSWIRE) -- NASA has awarded Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) (“Intuitive Machines”) (“Company”) $30 million as a prime contractor to complete a Lunar Terrain Vehicle Services Feasibility Assessment.
  • The contract tasks the Company’s global team with creating a feasibility roadmap to develop and deploy a Lunar Terrain Vehicle (“LTV”) on the Moon using Intuitive Machines’ Nova-D cargo-class lunar lander.
  • The Company believes the Moon RACER team is the most comprehensively equipped choice for delivering and deploying a lunar terrain vehicle that meets NASA requirements.
  • The Lunar Terrain Vehicle Services vehicle is a major element in returning humans to the lunar surface under NASA’s Artemis campaign and demonstrating continued American leadership in space exploration.

Kratos Demonstrates XQ-58A Electronic Warfare Capabilities for United States Marine Corps

Retrieved on: 
Tuesday, April 2, 2024

The demonstration completes the first phase of the United States Marine Corps’ Penetrating Affordable Autonomous Collaborative Killer – Portfolio (PAACK-P) program.

Key Points: 
  • The demonstration completes the first phase of the United States Marine Corps’ Penetrating Affordable Autonomous Collaborative Killer – Portfolio (PAACK-P) program.
  • Flight test support was provided by the 40th Flight Test Squadron, 96th Test Wing.
  • Flying since 2019, the Kratos XQ-58A Valkyrie is a high-performance, runway-independent tactical UAV capable of long-range flights at high-subsonic speeds.
  • “MUX TACAIR promises to increase the lethality and survivability of our current crewed platforms,” said Lt. Col. Bradley Buick, Cunningham Group Capabilities, Research, and Integration Officer.

Global Electronic Warfare Market Size Expected to Reach $24.76 Billion by 2029

Retrieved on: 
Tuesday, March 26, 2024

The electronic warfare market is marked by the presence of global and local players competing in technology and product offerings; Some major market players are Lockheed Martin Corporation, L3Harris Technologies, Inc., Northrop Grumman Corporation, RTX Corporation, and Leonardo S.p.A., amongst others.

Key Points: 
  • The electronic warfare market is marked by the presence of global and local players competing in technology and product offerings; Some major market players are Lockheed Martin Corporation, L3Harris Technologies, Inc., Northrop Grumman Corporation, RTX Corporation, and Leonardo S.p.A., amongst others.
  • A report from Mordor Intelligence projected that the Electronic Warfare Market size is estimated at USD 19.30 billion in 2024, and is expected to reach USD 24.76 billion by 2029, growing at a CAGR of 5.11% during the forecast period (2024-2029).
  • Mordor Intelligence concluded: “Various players in the market are investing significantly in research and developing advanced next-generation warfare products having higher electromagnetic capabilities.
  • According to Straits Research , the global electronic warfare market size is estimated to reach an expected value of USD 27.79 billion by 2030, registering a CAGR of 5.8% during the forecast period of 2022 to 2030.

Red Cell Partners and General Catalyst Co-Develop Andesite to Advance Cybersecurity for Analysts

Retrieved on: 
Tuesday, April 9, 2024

Red Cell Partners and General Catalyst today announced the public launch of Andesite AI (“Andesite”), a cybersecurity company dedicated to delivering cutting-edge technology to overburdened cybersecurity teams.

Key Points: 
  • Red Cell Partners and General Catalyst today announced the public launch of Andesite AI (“Andesite”), a cybersecurity company dedicated to delivering cutting-edge technology to overburdened cybersecurity teams.
  • Co-developed by Red Cell and General Catalyst, Andesite has built an advanced AI security analytics platform to empower both private- and public-sector cyber analysts to defend against advanced persistent threats (APTs).
  • Andesite is the latest company to launch under Red Cell’s newly formed Cyber Practice, led by George Barnes, a former Deputy Director of the National Security Agency (NSA).
  • "I partnered with General Catalyst to help bring global resilience to our most critical industries.

TRIVAD Recognized by Northrop Grumman for Quality Excellence

Retrieved on: 
Monday, April 8, 2024

Northrop Grumman Corporation (NYSE:NOC) has recognized TRIVAD for Quality Excellence during the company’s Supplier Excellence Awards.

Key Points: 
  • Northrop Grumman Corporation (NYSE:NOC) has recognized TRIVAD for Quality Excellence during the company’s Supplier Excellence Awards.
  • “TRIVAD has helped to advance national security solutions and achieve mission success,” said Matt Bromberg, Corporate Vice President, Global Operations Northrop Grumman.
  • “To be chosen for this coveted award from tens of thousands of Northrop Grumman suppliers is the greatest honor.
  • We take great pride as a significant partner in this industry, and like Northrop Grumman, the TRIVAD name is also synonymous with Quality Excellence.

Electronic Warfare Market worth $19.4 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, April 9, 2024

Based on the platform, the space segment is estimated to lead the electronic warfare market from 2023 to 2028.

Key Points: 
  • Based on the platform, the space segment is estimated to lead the electronic warfare market from 2023 to 2028.
  • The space platform is experiencing significant growth in the electronic warfare market due to several factors.
  • Firstly, the heightened reliance on satellite communications and navigation systems has made space-based assets vulnerable to electronic threats, driving the need for space-based electronic warfare capabilities.
  • The Original Equipment Manufacturers (OEMs) segment is poised for dominance in the electronic warfare market due to several key factors.

Electronic Warfare Market worth $19.4 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, April 9, 2024

Based on the platform, the space segment is estimated to lead the electronic warfare market from 2023 to 2028.

Key Points: 
  • Based on the platform, the space segment is estimated to lead the electronic warfare market from 2023 to 2028.
  • The space platform is experiencing significant growth in the electronic warfare market due to several factors.
  • Firstly, the heightened reliance on satellite communications and navigation systems has made space-based assets vulnerable to electronic threats, driving the need for space-based electronic warfare capabilities.
  • The Original Equipment Manufacturers (OEMs) segment is poised for dominance in the electronic warfare market due to several key factors.