Private equity investors CIC Partners and Juniper Capital Management have teamed to buy Applegate EDM and Icon Machine, both in the Dallas area, to create a new portfolio company called Precision Aerospace that focuses on exotic and precision metal work for defense and commercial space.
OQ Technology, a 5G Internet-of-Things satellite startup, has received a €13 million ($12.9 million) Series A investment led by Wa’ed Ventures, the venture capital arm of oil-and-gas company Saudi Aramco.
Boeing on Aug. 31 received a $927.5 million undefinitized contract for four KC-46A refueling tankers for Israel, a deal that will cover the testing of the next-generation refueling vision system and deliveries by the end of December 2026.
NASA pressed Sept. 1 to resolve the propellant loading issues that triggered the Aug. 29 scrub of the much-anticipated liftoff of the Artemis I mission.
The Multinational Multi-Role Tanker Transport Fleet is using Exercise Pitch Black to gain additional certifications and operational experience as the unit moves toward initial operating capability.
NASA and Axiom Space have signed a mission order for a second four-person private astronaut mission to the International Space Station (ISS), planned for the second quarter of 2023.
Satellite-based hyperspectral imagery and data provider Pixxel expects to launch its first “commercial-phase” satellites in early 2023, followed by more later that year, representatives said in August while revealing the startup’s latest strategic backer, Accenture.
Sierra Space has signed a deal to use its Dream Chaser spaceplane in 2024 to deliver to the International Space Station a life sciences incubator made by German biotech company Yuri.
Saab will launch production of aft fuselage systems for a Boeing advanced trainer at a newly opened plant in West Lafayette, Indiana, under a $71.2 million contract, the Swedish manufacturer said on Aug. 31.
The U.S. Army has grounded its Boeing H-47 Chinook fleet following a small number of engine fires that OEM Honeywell says is connected with the installation of problematic O-rings during service-performed depot maintenance.
The U.S. Air Force has awarded Ursa Major a $3.6 million contract to develop a rocket engine for the booster and upper stages of satellite launches to low Earth orbit by year’s end. The U.S. Air Force Tactical Funding Increase program to boost relationships with startup companies was seeking a flight-qualified 5,000-lb. oxygen-rich staged-combustion engine.
The U.S. Air Force has awarded Ursa Major a $3.6 million contract to develop a rocket engine for the booster and upper stages of satellite launches to low Earth orbit by year’s end. The U.S. Air Force Tactical Funding Increase program to boost relationships with startup companies was seeking a flight-qualified 5,000-lb. oxygen-rich staged-combustion engine.