Aidan Daly

LeoLabs raised $29 million in a recent funding round that saw the participation of existing investors like Insight Partners, Velvet Sea Ventures and Space Capital, and the involvement of new ones like GP Bullhound, an investment banking company. LeoLabs said Monday that it provides space operators with insights concerning space safety, security and sustainability based on data collected by the company's proliferated radar network and processed by artificial intelligence algorithms, which will benefit from the latest investment.

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Honeywell will invest $84 million to expand its aerospace manufacturing site in Olathe, Kansas. In the first six years, the expansion project could generate around $47 million in GDP and contribute $18.3 million to state and local taxes, the company said Friday.

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Lockheed Martin and Red 6 are forming a strategic joint venture and are entering a mentor-protege agreement under the U.S. Small Business Administration Mentor-Protege Program. The two companies said Wednesday that the agreement will help with innovation, joint ventures, bidding and the exploration of future investments. The agreement will also provide Lockheed with access to […] More

Leonid Capital Partners has made an investment in EMPEQ, the developer of a platform that works to identify military equipment parts and defective components using computer vision and artificial intelligence. Leonid said Monday that the funding facility aligns with EMPEQ's Air Force Direct to Phase 2 Small Business Innovation Research contract.

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