Hello, Guest!
  • Tuesday, November 5, 2024
Fund
EtiAmmos/Shutterstock.com

AFWERX, SpaceWERX Unveil Strategic Funding Increase Selections for 2024

The innovation arms of the U.S. Air Force and Space Force have announced the cohorts of small businesses that secured Strategic Funding Increase contracts for program year 2024 to help transition their defense technologies from the development phase to full production.

The 2024 STRATFI initiative accounts for $193 million in Small Business Innovation Research and Small Business Technology Transfer funds, $419 million in government matching funds and $187 million in private matching funds, the Air Force Research Laboratory said Friday.

Funding for each defense project within the STRATFI program ranges from $3 million to $15 million.

Selected projects under the AFWERX STRATFI program include a 3D scanning and visualization tool using artificial intelligence and extended reality, an advanced tactical augmented reality tool, bombers robotics and control systems for coordinated operations.

SpaceWERX selected projects focused on key space operations such as geosynchronous satellite servicing, mobile autonomous robotic swarms and proliferated GEO satellite communications.

Video of the Day

Related Articles

VTG Acquires Digital Transformation Services Provider Vana Solutions; John Hassoun Quoted M&A Activity

VTG Acquires Digital Transformation Services Provider Vana Solutions; John Hassoun Quoted

VTG has moved to expand its portfolio of digital transformation platforms and cloud services for defense and intelligence community customers through its acquisition of Vana Solutions. Vana Solutions is a Dayton, Ohio-based company founded by Srujal Sheth and Sunit Sheth in 2005 and is focused on delivering cloud services, advanced analytics, data fabric platforms and

Kristen McLeod Promoted to Calibre Systems EVP, CFO Executive Moves

Kristen McLeod Promoted to Calibre Systems EVP, CFO

Kristen McLeod, most recently senior vice president of finance and accounting and controller at Calibre Systems, has assumed the roles of executive VP and chief financial officer at the Alexandria, Virginia-based management consulting and digital transformation company. In this capacity, she will serve as a corporate officer and fiscal strategist and continue to offer insights

Northrop Posts 9% Increase in Q1 2024 Sales; Kathy Warden Quoted Financial Reports

Northrop Posts 9% Increase in Q1 2024 Sales; Kathy Warden Quoted

Northrop Grumman (NYSE: NOC) gained $10.1 billion in sales during the first quarter of 2024, up 9 percent from the $9.3 billion it posted in the same period last year, and reported net earnings of $944 million, or $6.32 per diluted share. The company, in a Thursday announcement, attributed the sales growth to higher sales