Isotropic Systems has raised over $40 million in a round of funding led by telecommunications company SES and will use the capital to further develop its multibeam antenna. Boeing's HorizonX Global Ventures, Firmament Ventures, Space Angels, Promus Ventures' Orbital Ventures fund and the U.K. government's Future Fund participated in the funding round.More
SES' government solutions business and Isotropic Systems will collaborate on a two-phase initiative to evaluate the potential of a multibeam satellite terminal for military connectivity under a contract from the Air Force Research Laboratory and the Army Research Engineering Team.More
Boeing“™s venture capital arm has led a funding round to help Isotropic Systems bring to market its integrated satellite communications terminal. Brian Schettler, managing director of Boeing HorizonX Ventures, said in a statement published Wednesday the investment in Isotropic seeks to speed up the expansion of space-based connectivity services to the mass market.
BWX Technologies plans to collaborate with two Department of Energy-funded national laboratories to design and develop a small nuclear reactor through a cost-sharing agreement potentially worth $106.6M over seven years. DOE will contribute $85.3M to the microreactor development project, the company said Wednesday.More
BWX Technologies has begun to produce uranium and refurbish equipment as part of preparations to revive the tristructural-isotropic nuclear fuel manufacturing line at a company facility in Lynchburg, Va.More
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