Tuesday, 02 January 2024 12:17 GMT

Artificial Intelligence (AI) In Military Market Projected To Grow To $35 USD Billion By 2035 As Global Uncertainty Increases - Financial News Media


(MENAFN- Financial News Media) Clarifying the Nature of the Filing – A Schedule 13G is a passive ownership report commonly filed by large financial institutions that hold positions across many public companies. In this case, the filing reflects Goldman Sachs's aggregate ownership across its asset-management and broker-dealer divisions and does not indicate any activist or control intent. Such filings are routine when an institution's beneficial ownership exceeds five percent as part of normal portfolio management. VisionWave has no agreement or strategic relationship with Goldman Sachs beyond its status as a shareholder.

“We view institutional ownership by respected financial firms as a reflection of increasing recognition of VisionWave's technology roadmap and market positioning,” said Douglas Davis, Executive Chairman of VisionWave Holdings, Inc.“As we continue executing our strategy, we remain focused on delivering value to all shareholders through disciplined growth and innovation.” A copy of the filing is available on the SEC's website at under VisionWave Holdings, Inc., Schedule 13G, filed November 10, 2025. Continued... Read this full release and additional news for VWAV by visiting:

Other recent developments in the markets include:

Goldman Sachs (NYSE: GS) has recognized Mark Hanson, Co-Founder and President of Black Buffalo Inc., as one of the Most Exceptional Entrepreneurs of 2025 at its Builders and Innovators Summit in Healdsburg, California.

Goldman Sachs selected leaders from multiple industries for the two-day event focused on building enduring companies and advancing innovation. Hanson's selection follows Black Buffalo's recent milestones, including expanded national retail distribution, continued growth of its Herd Rewards loyalty program, and sustained investment in R&D and compliance to serve age 21+ adult consumers of nicotine and tobacco.

“We are pleased to recognize Mark as one of the most exceptional entrepreneurs of 2025,” said David Solomon, Chairman and CEO of Goldman Sachs,“Under Mark's leadership, the Black Buffalo team has not only built a successful enterprise, they are redefining industry paradigms. This year's Summit has brought together many of the best business minds to talk about building the next generation of businesses.”

Textron Aviation Defense LLC, a Textron Inc. (NYSE: TXT) company, recently announced that if awarded the Undergraduate Jet Training System (UJTS) program contract by the U.S. Navy, it will assemble the Beechcraft M-346N at its east campus in Wichita, Kansas - the historic home of the Beechcraft brand for nearly a century. The announcement reinforces the company's commitment to delivering the most advanced jet integrated training system for the U.S. Navy.

Textron Aviation Defense expects to invest more than $38 million to modernize more than 50,000 square feet of existing manufacturing space on the company's east Wichita campus if awarded the contract. The program is expected to create an estimated 100 direct manufacturing jobs in Wichita, along with numerous indirect jobs supporting aircraft production and assembly.

BigBear Holdings, Inc. (NYSE: BBAI), a leader in AI-powered decision intelligence solutions, recently announced financial results for the third quarter of 2025 and issued an investor presentation that has been posted to the Investor Relations section of the Company's website.

“Today, I'm thrilled to announce that BigBear has signed a definitive agreement to acquire Ask Sage, a cutting-edge and fast-growing Generative AI platform for secure distribution of AI models and agentic AI capabilities, built specifically for defense and national security agencies and other highly-regulated sectors. Ask Sage already supports more than 100,000 users on 16,000 government teams and across hundreds of commercial companies. It is a turnkey platform that's in production today, at scale, in the environments that matter most,” said Kevin McAleenan, CEO of BigBear.

“By integrating Ask Sage with BigBear, we are creating what the market has been asking for: a secure, integrated AI platform that connects software, data, and mission services in one place,” continued McAleenan.

Dubai Holding, a diversified global investment company with investments in more than 30 countries, and Palantir Technologies Inc. (NASDAQ: PLTR), a global leader in operational artificial intelligence platforms, have announced a strategic agreement to establish a joint venture (JV) – Palantir's first in the UAE – named Aither. The partnership formalises 18 months of operational collaboration that has already delivered measurable transformation across Dubai Holding's portfolio, and will now scale these proven AI capabilities to strategic commercial sectors across the UAE.

In the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Holding and His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, the signing ceremony took place on 31 October in Dubai between Amit Kaushal, Group Chief Executive Officer of Dubai Holding, and Noam Perski, Executive Vice President at Palantir.

DISCLAIMER: MarketNewsUpdates (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU'S market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU was compensated forty nine hundred dollars for news coverage of the current press releases issued by VisionWave Holdings, Inc. by the Company. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

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