Army

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

Retrieved on: 
Wednesday, March 27, 2024
Research, Raytheon Technologies, MOU, Partnership, LMT, MMDS, Electronics, IBCS, GlobalData, News, Marketing, United States Army, Lockheed Martin, Atmosphere, Grumman, PCM, Fire, Northrop Grumman, Atmosphere of Earth, KULR, RTX, USD, Army, Arms industry

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.

One Stop Systems Expands Business Development Team to Support Growth in U.S. and International Defense and Commercial Markets

Retrieved on: 
Tuesday, April 9, 2024
Health care, Teledyne Technologies, The Company, Canadian Army, Business, International, Business administration, OSS, Graduate certificate, Artificial intelligence, Systel, Business development, AI, Enterprise, Computer, Teledyne FLIR, L3Harris Technologies, Machine learning, Radford University, Army, Toronto Metropolitan University, Management

ESCONDIDO, Calif., April 09, 2024 (GLOBE NEWSWIRE) -- One Stop Systems, Inc. (“OSS” or the "Company") (Nasdaq: OSS), a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML) and sensor processing at the edge, today announced that it has expanded its business development team and appointed Craig Powell Business Development Executive. Under this new role, Powell will be responsible for expanding the Company’s sales opportunities in U.S. and International defense and commercial markets.

Key Points: 
  • Under this new role, Powell will be responsible for expanding the Company’s sales opportunities in U.S. and International defense and commercial markets.
  • Mike Knowles, Chief Executive Officer, stated, “Investing in our sales infrastructure is an important strategic focus as we pursue significant opportunities across our defense and commercial markets.
  • Prior to this, Powell held senior level Business Development positions at Systel, Inc., a leading provider of ruggedized computers, purpose-built for mission success for defense and commercial deployments.
  • He also held Business Development positions at Rheinmetall Defense, Haivision, L3Harris Technologies, Teledyne FLIR, and American Apex Corporation.

SBA Recognizes 2024 Government Contractors and 8(a) Graduate of the Year

Retrieved on: 
Friday, April 5, 2024
Knowledge, Forecasting, Growth, SBA, Action, Federation, Business, Systems analysis, National Small Business Week, Electronics, Research, Business development, Small business, Private sector, APEX, Homeland security, NASA, The, Engineering, Air force, Texas A&M University, Senior counsel, Excellence, Government, KBSI, Navy, Army, Construction

These fuzes are used in electro-mechanical rocket, missile, artillery, mortar, and tank devices for the Department of Defense and domestic prime contractors.

Key Points: 
  • These fuzes are used in electro-mechanical rocket, missile, artillery, mortar, and tank devices for the Department of Defense and domestic prime contractors.
  • Cetechs won the 2018 SBA Emerging Leaders Program Graduate Award, the 2019 Arizona Small Business Development Center Success Award, and the 2020 Goldman Sachs Award.
  • The Dwight D. Eisenhower Award for Excellence recognizes other small business prime contractors that have excelled in utilizing small businesses as suppliers and subcontractors within various industries.
  • Additionally, it collaborated with various SBA District Offices, Small Business Development Centers, and APEX Accelerators to educate and network with small businesses.

Tunnel to Towers Foundation Delivers Mortgage-Free Homes to Five Gold Star Families

Retrieved on: 
Friday, April 5, 2024
Burn, Pressure, Tunnel, SSG, Cancer, Gold Star, United States Army, Gold, Family, Army

New York, New York, April 05, 2024 (GLOBE NEWSWIRE) -- The Tunnel to Towers Foundation is observing Gold Star Spouses Day by delivering mortgage-free homes to five families who lost loved ones in service to our country.

Key Points: 
  • New York, New York, April 05, 2024 (GLOBE NEWSWIRE) -- The Tunnel to Towers Foundation is observing Gold Star Spouses Day by delivering mortgage-free homes to five families who lost loved ones in service to our country.
  • Tunnel to Towers wants these families to know their loved one's service and sacrifice has not been forgotten,” said Frank Siller Chairman and CEO of the Tunnel to Towers Foundation.
  • “I am so grateful to receive Tunnel to Towers support on Gold Star Spouse Day.
  • Join Tunnel to Towers on its mission to provide mortgage-free homes for Gold Star families by going to T2T.org and donating $11 a month.

Overland AI Awarded $18.6 Million-ceiling Prototype OT to Develop Autonomous Navigation for U.S. Army’s Robotic Combat Vehicles

Retrieved on: 
Wednesday, April 3, 2024
Environment, DIU, Palantir Technologies, Risk, Artificial intelligence, Sand, Overdrive, GPS, Transport, Software, Defense Innovation Unit, Human, Robotics, Argo AI, RCV, Ice, RTX, SpaceX, Palmer Luckey, Marine Corps Expeditionary Medal, DARPA, Army, Medical device

The 24-month award calls for Overland AI to join the Ground Vehicle Autonomous Pathways (GVAP) program to develop a prototype autonomy stack for the U.S. Army’s Robotic Combat Vehicle (RCV).

Key Points: 
  • The 24-month award calls for Overland AI to join the Ground Vehicle Autonomous Pathways (GVAP) program to develop a prototype autonomy stack for the U.S. Army’s Robotic Combat Vehicle (RCV).
  • Experts from the U.S. Army and DIU selected Overland AI, along with Anduril Industries and Palantir Technologies, to begin prototyping for the Robotic Combat Vehicle’s Software Pathways line of effort.
  • While the other contractors will focus on developing systems integration software, Overland AI will adapt its proven OverDrive solution to prototype autonomous vehicles capable of traversing complex terrain in contested areas without GPS support.
  • Overland AI delivers state-of-the-art robotics and autonomous vehicle solutions for any terrain and any conditions.

US Army Awards $12 Million Contract Extension to Gilat to Sustain Anytime, Anywhere Satellite Connectivity

Retrieved on: 
Tuesday, April 2, 2024
Bucs, SSPA, Satellite, Datapath, Army, Communications satellite

PETAH TIKVA, Israel, April 02, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the United States Army awarded a $12 million contract to its subsidiary DataPath, Inc., for the continuation of a program to sustain anytime, anywhere satellite connectivity.

Key Points: 
  • PETAH TIKVA, Israel, April 02, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the United States Army awarded a $12 million contract to its subsidiary DataPath, Inc., for the continuation of a program to sustain anytime, anywhere satellite connectivity.
  • The contract is for the supply of Wavestream’s Solid State Amplifier (SSPA) products.
  • Wavestream SSPAs are ruggedized to withstand the harshest environments, enabling the Satellite Transportable Terminals (STTs) used in this program to deliver a “Communications-on-the-Pause” solution across diverse climates and conditions around the globe.
  • “Over the years, we’ve deployed thousands of BUCs to the military and we take great pride in providing proven technology that’s fielded for mission-critical telecommunications.

2024 USO Service Members of the Year and Vice Chairman of AMB Sports and Entertainment to Be Recognized at USO Gala

Retrieved on: 
Monday, April 1, 2024
ATV, Exercise, USO, NFL, Vice, School, Air National Guard, United States Space Force, Congress, Grammy Awards, Veteran, United States Marine Corps, Leg, Infantry, Safety, Injury, Mercedes-Benz Stadium, PGA, Al Udeid Air Base, United States Army, United States Navy, Volunteering, Student, United States Air Force, Survivor, The Anthem, Sport, Army, United Service Organizations, Service club, Super Bowl

The USO Gala, on April 11 at The Anthem in Washington, D.C., will also recognize Steve Cannon, Vice Chairman of AMB Sports and Entertainment, Army veteran and member of the USO Global Advisory Council, with the USO Merit Award.

Key Points: 
  • The USO Gala, on April 11 at The Anthem in Washington, D.C., will also recognize Steve Cannon, Vice Chairman of AMB Sports and Entertainment, Army veteran and member of the USO Global Advisory Council, with the USO Merit Award.
  • Steve Cannon, who will receive the USO Merit Award, serves as Vice Chairman of AMB Sports and Entertainment (AMBSE), a for-profit holding group under the Arthur M. Blank Family of Businesses.
  • The USO Service Members of the Year were nominated by command leadership from each military branch and final selections were made by a USO committee.
  • For more information about the 2024 USO Service Members of the Year, visit https://www.uso.org/stories/3733-meet-the-2024-uso-service-members-of-th...

Jeff (JD) Jack Joins Govini as Chief Revenue Officer

Retrieved on: 
Monday, April 1, 2024
Intel, Intelligence, Knowledge, Artificial intelligence, Acquisition, Mandiant, Ranger, Computer security, JD, Army

Arlington, VA, April 01, 2024 (GLOBE NEWSWIRE) -- April 1, 2024 (Arlington, VA) –– Govini , the software company that accelerates the defense acquisition process, today announced that Jeff (JD) Jack has joined the company as its Chief Revenue Officer.

Key Points: 
  • Arlington, VA, April 01, 2024 (GLOBE NEWSWIRE) -- April 1, 2024 (Arlington, VA) –– Govini , the software company that accelerates the defense acquisition process, today announced that Jeff (JD) Jack has joined the company as its Chief Revenue Officer.
  • “The manual, complex, spreadsheets-based approach to managing the defense acquisition process compromises our national security,” said Jack.
  • “Govini provides a critical function at a time of need for our country.
  • “JD brings a wealth of knowledge to Govini, grounded in a steadfast commitment to national security,” said Tara Murphy Dougherty, CEO of Govini.

SBA Recognizes 2024 Resource Partners of the Year

Retrieved on: 
Friday, March 29, 2024
SBA, Mississippi State University, Business education, The Business Council, Innovation, Raytheon Company, Woman, Central business district, Business Center (TV series), Associate, University, Army, Growth, National Small Business Week, Small business, Hope, Metro, Human

WASHINGTON, March 29, 2024 (GLOBE NEWSWIRE) -- Today, Administrator Isabel Casillas Guzman , head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, recognized four SBA Resource Partners of the Year awardees.

Key Points: 
  • WASHINGTON, March 29, 2024 (GLOBE NEWSWIRE) -- Today, Administrator Isabel Casillas Guzman , head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, recognized four SBA Resource Partners of the Year awardees.
  • "As our small business owners across America continue to exhibit resilience and hope, our SBA Resource Partner network leverages the power of SBA tools and resources."
  • SCORE National Chapter of the Year:
    SCORE Southeast Wisconsin – Milwaukee, Wisconsin
    SCORE, an SBA resource partner, named SCORE Southeast Wisconsin the 2024 Chapter of the Year for its outstanding support of small businesses.
  • Under Shawntay’s leadership, the Great Lakes Women’s Business Council has been recognized by the Association of Women’s Business Centers, a national SBA resource partner.

Draganfly Reports its 2023 Results

Retrieved on: 
Wednesday, March 27, 2024
PDT, International Telecommunication Union, War, Disaster, Unmanned aerial vehicle, Gross income, Internet of things, Risk, Education, EDGAR, Research, United Nations, EDT, Transport Canada, Bank statement, USASOC, Combat, Heavy lift, Army, Special forces, WMO, ITU, Marketing, Government, Artificial intelligence, UNCCD, United Nations Convention, Commander, Self storage

Saskatoon, SK., March 27, 2024 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce its fourth quarter and fiscal 2023 financial results.

Key Points: 
  • Saskatoon, SK., March 27, 2024 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce its fourth quarter and fiscal 2023 financial results.
  • The financial year 2023 was a transition year for Draganfly as 2023 marked new production capacity coming online along with the commercialization of its flagship Commander 3XL and Heavy Lift Drone platforms.
  • As a percentage of sales, gross margin increased from 10.4% in 2022 to 31.5% in 2023.
  • Draganfly announced record third-quarter results for 2023, recording revenue of $2,138,017, which marked a 14.0% increase from the same period the previous year.