🛫Heavy-lift drone company @elroyair won a $46M multi-year contract with the US Army to develop "an autonomous hybrid-electric vertical take-off and landing (VTOL) uncrewed aircraft system for modular multi-mission payload delivery.”
đź”— Read more at the link below
A 5x weekly newsletter charting the key shifts in defense technology.
Joined December 2024
- Earlier this year, defense tech VC @SilentVentures closed an $85M Fund II, with @foundersfund Partner Emeritus Brian Singerman and @QuietCapital managing partner Lee Linden’s secretive VC-backing fund GPx coming in as an anchor LP. 🔗 Full story from @barratt_dewey linked below
- ⛵ USV giant @saildrone is expanding its presence in Europe with a new, larger Copenhagen office and production in the Netherlands, Norway, and Poland to kick off "local manufacturing for local customers," CEO Richard Jenkins told Tectonic. 🔗 Read more at the link below
- The AI bubble isn’t popping just yet—at least not in defense tech land. Military AI startup @smackaistack raised a $61M Series B, led by @costanoavc and First In, to build hardware that lets its tactical AI platform run "directly to the edge." 🔗 Full story linked in replies
- 🚀Exclusive: Right now, intercepting cruise and ballistic missiles is firmly the domain of exquisite systems. Under an $11M contract, the Missile Defense Agency tapped @XBowSystems to develop a cheaper, mass-producible alternative. 🔗 Full story from @barratt_dewey linked below

