Matthew Fulco

3 weeks ago | aviationweek.com | Matthew Fulco

With a valuation of $30.5 billion after its Series G funding round, Anduril is the most valuable defense technology startup. Anduril’s valuation soared to $30.5 billion after the high-flying defense technology startup raised $2.5 billion in a Series G round led by billionaire Peter Thiel’s Founders Fund. The Costa Mesa, California-based company is now worth more than twice the $14 billion it was valued at in August 2024...

3 weeks ago | aviationweek.com | Matthew Fulco

Receiving a $105 million investment from Lockheed Martin in May, X-Bow Systems is the latest erstwhile launch startup to sharpen its focus on missile defense. With the investment, X-Bow Systems will become a new independent supplier of solid rocket motors and other services to Lockheed. The Texas...

3 weeks ago | aviationweek.com | Matthew Fulco

The Mountain Pass Mine in California, owned and operated by MP Materials, is the only large-scale rare-earth production source in the U.S.In its first 120 days, the second administration of U.S. President Donald Trump has fast-tracked efforts to strengthen critical mineral supply chains on which the aerospace and defense industry relies, but China continues to dominate. Beijing has weaponized that dominance—60% of global production...

3 weeks ago | aviationweek.com | Matthew Fulco

DTX Group, a Dubai-based provider of MRO services to the commercial aerospace sector, has launched following its chairman Hussein Lookmanjee’s divestment from Drayton Aerospace. Formerly the international arm of Drayton Aerospace, DTX Group is now an independent entity under the sole ownership of Lookmanjee. Over the past six years, Lookmanjee and his team have developed a global footprint in line with broader brisk aftermarket growth that was only temporarily halted by the pandemic.

1 month ago | aviationweek.com | Matthew Fulco

Heico saw brisk sales growth in the second quarter of fiscal 2025, benefiting from strong aftermarket and defense demand in both the U.S. and Europe. Heico posted double-digit sales growth in the second quarter of fiscal 2025, benefiting from strong aftermarket and defense demand in both the U.S. and Europe. Including acquisitions, the non-OEM component supplier and MRO provider’s sales rose 15% to $1.1 billion, beating a consensus estimate by 4%...