General Atomics Selected for the Army’s Digital Guided Missile Program

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  December 18, 2020 | International, Aerospace

  Counter-drone startup Epirus raises $70M, plans to hire 100 people

  By: Joe Gould WASHINGTON ― Epirus, a venture-backed startup offering a counter-drone capability, announced Thursday it raised $70 million to speed its technology to market. The round was led by San Francisco, California-based Bedrock Capital, and brings the 2-year-old company's total capital raised to roughly $80 million. The news comes six months after Epirus inked a strategic supplier agreement with Northrop Grumman to provide exclusive access to Epirus' software-defined electromagnetic pulse system Leonidas. Since then, the firm has doubled in size and plans to add 100 jobs in 2021. “We're aggressively hiring and expanding our footprint on the East and West coasts,” Epirus CEO Leigh Madden told Defense News. He added that the firm is shifting its headquarters from the Hawthorne, California, office to its newer offices in Tysons Corner, Virginia. Alongside Bedrock and several other investment firms, L3Harris Technologies is investing in Epirus. Epirus developed a SmartPower power-management technology that underpins its counter-unmanned aircraft system, and the company plans to partner with L3Harris to create greater power efficiencies within some of its existing systems. The technology, which allows the system to deliver a high-power output with a relatively low-power input, has a range of applications across other radio frequency systems, Madden said. (The company's systems involve a combination of high-power microwave technology and, for enhanced targeting, artificial intelligence.) The new funding, “enables us to rapidly build out our counter-UAS system,” Madden said. “We'll be bringing the Leonidas system to market as well as advancing the capabilities of our SmartPower technology ― and working with government customers and partners to expand the application of that technology.” Beyond Bedrock and L3Harris, the new Series B funding came from Piedmont Capital Investments, 8VC, Fathom VC and Greenspring Associates. In 2019, Epirus closed $17 million in Series A funding, which was led by 8VC. (Series A is meant to help a company progress to the development stage, and Series B is meant to help a company market or expand its existing market footprint.) Geoff Lewis of Bedrock Capital said in a statement that investors are “confident Epirus has the capacity to integrate its technology into top tier counter-UAS systems and lead the way in developing new and compelling directed energy applications.” “Epirus counters the weak assumption baked into standard VC models that the economic and cultural gaps of defense-focused investments are too wide to overcome,” Lewis said. https://www.defensenews.com/2020/12/17/counter-drone-startup-epirus-raises-70m-plans-to-hire-100-people/

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  August 26, 2024 | International, Aerospace

  Two US aircraft carriers to stay in Middle East after Hezbollah attack

  It's the latest deployment extension of a Navy aircraft carrier in the Middle East, as concerns continue over the potential of a regional war erupting.

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  December 31, 2018 | International, Aerospace, Naval, Land, C4ISR, Security

  Budget Busters: What to Look For in 2019 and Beyond

  By PAUL MCLEARY The release of the 2020 defense budget is still over a month away, and it's already been a wild ride. A look at what has happened, and what might happen next. WASHINGTON: If there's one complaint that has sounded a consistent across the Joint Chiefs and Pentagon leadership in recent years, it has been the lack of predictability in year-to-year funding. If there's one thing we have learned about President Trump, it's that nothing is certain until the very end. And even when there's a decision, it can be flipped, rehashed, tinkered with or forgotten about in the time it take to knock out a Tweet on phone. After two years of budget certainty in 2018-19, the 2020 submission was humming along at $733 billion — until it wasn't. In late October, the number plummeted (relatively speaking) to $700 billion, until the president was convinced by Defense Secretary Jim Mattis — not yet on his way out at the time — to rocket it up to $750 billion. But even that number isn't certain. Most analysts see the 2020 submission settling around the $733 billion level. Visiting US troops at the Al Asad air base on Dec. 26, the president gave the latest vague update. “I mean, I want to see costs come down, too. But not when it comes to our military. You have to have the finest equipment anywhere in the world, and you have that — $716 billion. And this year, again, we're going to be — don't tell anybody because nobody else knows — even a little bit higher.” Whatever the number is, it appears likely that incoming acting Defense Secretary Patrick Shanahan will be the one to deliver and defend it on Capitol Hill in February, as Mattis has been told to leave by Jan. 1. It's unclear what effect the firing of Mattis will have on the process, or if there will be any significant strategic shifts for the department given the change in leadership. As budget guru Todd Harrison of the Center for Strategic and International Studies told me this week — specifically in reference to the Space Force, but it really applies across the entire budget — “the thing to keep in mind is that this is, so far, just the Pentagon's proposal to the White House. It's not clear if the White House is going to agree to this. The president has a way of sticking to his ideas even if his own administration recommends otherwise.” Here are a few of the stories we've done over the past months breaking down what is happening, and what might — might — happen next. Full article: https://breakingdefense.com/2018/12/budget-busters-what-to-look-for-in-2019-and-beyond