Emerging Technologies In The Defense Market Is Experiencing Rapid Growth Quickly Becoming A Multi-Billion Dollar Revenue Opportunity - Financial News Media

Other recent developments in the military/defense industries include:

mPower Technology, Inc., the leader in flexible solar power for space, recently announced a strategic investment from Lockheed Martin Ventures (NYSE: LMT), the venture arm of Lockheed Martin Corporation. The investment is an add-on to mPower's recent Series B funding round, bringing total Series B funding to over $24 million.

This capital will further accelerate mPower's ability to scale production of its DragonSCALESTM solar modules. DragonSCALES provides an industry-leading flexible, resilient, and cost-effective solution for solar power in space, enabling new design possibilities for space missions.

“We are honored to welcome Lockheed Martin Ventures as a strategic investor,” said Kevin Hell, president and CEO of mPower Technology.“Lockheed Martin brings deep mission expertise and a bold vision for the future of space and national defense. Their support is a validation of our role in enabling rapid, scalable, and cost-effective solar power across the new space economy and in support of U.S. security priorities.”

Velo3D, Inc. (NASDAQ: VELO), a leader in additive manufacturing (AM) technology known for transforming aerospace and defense supply chains through world-class metal AM, recently announced its participation in a U.S. Army Combat Capabilities Development Command Aviation & Missile Center (DEVCOM AvMC) and Manufacturing & Sustainment (M&S) program funded initiative. The effort is focused on advancing high-throughput, cost-effective additive manufacturing processes for Aluminum CP1 to support defense applications.

Velo3D is collaborating with RTX Corporation (NYSE: RTX) and the Raytheon Technologies Research Center (RTRC) to develop an optimized laser powder bed fusion (L-PBF) process for Aluminum CP1 that supports the U.S. Army's Integrated Air and Missile Defense (IAMD) modernization priorities. These include system agility, affordability, and operational readiness. The effort leverages Velo3D's large-format AM technology to develop a repeatable process capable of scaling across programs and facilities.

Defense startup SkyDefense LLC recently launched an autonomous combat drone designed to take out enemy drone swarms at a much lower cost than traditional weapon systems. The company calls it the CobraJet - an uncrewed aerial vehicle (basically, a drone) designed for C-UAS (counter-unmanned aircraft system) missions. The drone combines Teledyne FLIR electro-optical and infrared sensors that do not contain restricted foreign parts, and NVIDIA Corporation (NASDAQ: NVDA) AI chips, allowing the drone to process the information that it sees with onboard sensors.

The CobraJet is also equipped with its proprietary Visual Realtime Area Monitoring (VRAM) system, allowing ground commanders to monitor the drone during autonomous operations and communicate with and control it, if needed. This gives its operator the option to let it operate on its own during reconnaissance, patrol, and identification, but still have a human making decisions when required. It can also use the same technology to communicate with other CobraJet units, allowing them to act together as a single entity to protect against enemy swarms.

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