Pierce Aerospace and MITRE Partner to Advance Remote ID Research and Development
Pierce Aerospace and MITRE Partner to Advance Remote ID Research and Development
'MITRE is proud to partner with Pierce Aerospace to advance critical initiatives in homeland and national security.'— Yosry Barsoum
FISHERS, IN, UNITED STATES, May 15, 2025 / EINPresswire.com / -- Pierce Aerospace announced that it has executed a memorandum of understanding with MITRE to advance research and the state of the art of unmanned aircraft system (UAS) remote identification. The new collaboration between Pierce Aerospace and MITRE will see Pierce Aerospace's Remote ID sensors installed at the MITRE National Range for remote identification and UAS-related research purposes. The two organizations also will collaborate to advance airspace detection, UAS/autonomy operations, and homeland security capabilities.
'MITRE has always been at the forefront of supporting the public safety sector and the United States through their research and development in support of the Department of Defense, Department of Homeland Security, and Department of Transportation,' said Aaron Pierce, chief executive officer, Pierce Aerospace. 'We previously engaged with MITRE in testing and evaluation of our Remote ID sensors and capabilities. It made logical sense to further the relationship so we can continue to advance research and development with MITRE in support of the public safety sector and the U.S. government, particularly as we continue to advance the state of the art of UAS remote identification.'
The new collaboration between Pierce Aerospace and MITRE focuses on using scientific research and experimentation to address real-world challenges from the increased use of unmanned systems. Allowing academia, government, and industry to collaborate on advancing mission priorities through prototyping and experimentation, the MITRE National Range provides an ideal location to learn, develop, and test capabilities to enhance homeland and national security measures that serve the public interest.
'MITRE is proud to partner with Pierce Aerospace to advance critical initiatives in homeland and national security. Our mission is to enhance capabilities in ways that are both effective and safe,' said Yosry Barsoum, vice president and director of the Center for Securing the Homeland at MITRE. 'By working across industry, federal agencies, and academia, MITRE is uniquely positioned to understand how emerging technologies align with mission objectives. This collaboration between the MITRE National Range and Pierce Aerospace is a vital step in transforming airspace management, ensuring public safety for drone operators and hobbyists, and strengthening our ability to respond to evolving threats.'
'In the last year, we've advanced our Remote ID capabilities and demonstrated that broadcast Remote ID can serve as a fundamental infrastructure that supports an economical path toward UAS integration into the National Airspace System (NAS),' added Pierce. 'With MITRE we intend to continue to push the envelope of research and deliver solutions that aid in the safe and secure integration of drones into the NAS.'
About Pierce Aerospace
Pierce Aerospace, a Techstars-backed company, is a dual-use IoT and aerospace company and drone Remote ID service provider focused on robust integration of Remote ID services into the UAS ecosystem. As an industry leader, Pierce Aerospace serves on the FAA's Drone Safety Team, ASTM F38 Committee on Unmanned Aircraft Systems, and the FAA Detection and Mitigation Advanced Rulemaking Committee. Funds from the U.S. Air Force and the State of Indiana support Pierce Aerospace's Remote ID technology, which was nominated as Indiana's Innovation of the Year by Techpoint and awarded first place in Remote ID technology at the Association for Uncrewed Vehicle Systems International's Excellence Awards. Pierce Aerospace was awarded the Techpoint Mira Award as Indiana's most innovative tech team. The company is headquartered in Indianapolis, Indiana, the racing capital of the world. Visit www.pierceaerospace.net.
About MITRE
MITRE's mission-driven teams are dedicated to driving solutions to our nation's most pressing challenges. As a not-for-profit research and development organization, MITRE's staff leverage our unique multi-sponsor vantage point, systems expertise, and innovative solutions to ensure the health, prosperity, and security of our nation. www.mitre.org
Media: Pierce Aerospace, [email protected]
MITRE, Lisa Fasold, [email protected]
Aaron Pierce
Pierce Aerospace
+1 317-286-2919
email us here
Visit us on social media:
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Prediction: This Artificial Intelligence (AI) Stock Could Hit a $6 Trillion Valuation by 2030
Nvidia is currently the world's largest company by market cap. The semiconductor giant still has a lot of room for growth, considering the potential investment in artificial intelligence (AI) infrastructure over the next five years. Nvidia has additional catalysts coming into play that could allow it to sustain terrific growth and hit a $6 trillion valuation in the future. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) is the most valuable company in the world as of this writing, with a market cap of $3.4 trillion, and it has reached this position thanks to a tremendous rally of more than 1,500% in its stock price in the past five years. Investors will now be wondering if Nvidia has the potential to deliver more upside over the next five years following this phenomenal run. However, don't be surprised to see this semiconductor giant's shares jump higher and attain a $6 trillion valuation by the end of the decade. Let's take a closer look at the factors that could help Nvidia hit that milestone by 2030. Robust demand for Nvidia's AI chips has been the biggest reason behind the stock's terrific surge in recent years. The good part is that Nvidia continues to generate a massive amount of revenue from its AI chip business despite tackling headwinds such as export restrictions to key markets like China. This was evident from Nvidia's latest results for the first quarter of fiscal 2026 (which ended on April 27). The company's revenue shot up 69% year over year to $44.1 billion during the quarter, even though it lost $2.5 billion in revenue in fiscal Q1, owing to the restrictions on sales of its chips to China. The chipmaker also incurred a $4.5 billion inventory charge to write down the value of chips that were intended for the Chinese market. Moreover, Nvidia's fiscal Q2 revenue would take an $8 billion hit on account of the China-related restrictions. But the good part is that the company's guidance for the current quarter still calls for a 50% year-over-year increase in revenue, while its earnings are expected to increase by 44% despite anticipated loss in Chinese revenue. CEO Jensen Huang admitted on Nvidia's latest earnings conference call that the $50 billion Chinese market is now effectively closed to U.S. players such as Nvidia. Even then, analysts have increased their revenue estimates. That's not surprising, as Nvidia still has a massive sales opportunity in AI chips beyond the Chinese market. It is now entering new markets such as Saudi Arabia to build AI factories "powered by several hundred thousand of Nvidia's most advanced GPUs over the next five years," according to the company. Additionally, massive AI infrastructure projects such as Stargate, from which Nvidia has started benefiting already, could help it mitigate the lost opportunity in China. Management consulting firm McKinsey & Company predicts that AI-capable data centers could require investments worth a whopping $5.2 trillion by 2030 to build enough computing power to handle training and inference workloads. So investors would do well to look past the China-related problems that Nvidia is currently facing, as the broader opportunity in the AI data center market should be lucrative enough to help the chipmaker keep growing at a healthy pace for the next five years. Moreover, Nvidia is showing no signs of losing its grip over the AI chip market. Its data center revenue shot up an impressive 73% year over year to $39 billion in the previous quarter. That was miles ahead of Broadcom's $4 billion AI revenue and AMD's $3.7 billion data center sales in the previous quarter, the two chipmakers that are considered to be the closest to Nvidia in the AI chip race. Nvidia's data center growth was higher than the 57% growth recorded by AMD in this segment and close to the 77% growth in Broadcom's AI revenue, even though it has a much larger revenue base. This is a testament to just how popular Nvidia's AI chips are, with the company's latest generation of Blackwell processors already a major hit among cloud computing giants within two quarters of hitting the market. Even better, Nvidia has moved past just selling AI hardware. It also offers access to models that help customers train and deploy AI agents, along with other enterprise AI applications that allow customers to improve the efficiency of their large language models (LLMs). Its enterprise platforms are gaining traction in diverse industries such as cybersecurity and restaurants where companies are deploying Nvidia's solutions to streamline their operations or to build agentic AI applications. All this indicates that investors shouldn't miss the forest for the trees, as Nvidia's long-term prospects aren't dependent on just China. There is still a lot of room for growth in the AI chip market, and the company's diversification into other areas such as enterprise AI applications and automotive should be enough to power remarkable growth over the next five years. Nvidia is currently trading at 23 times sales. While that's three times the U.S. technology sector's average price-to-sales ratio, the company's dominant position in AI chips, the prospects of this market, and the other catalysts that are coming into play help justify that valuation. We have already seen in the chart that Nvidia's top line is expected to jump to $292 billion in three years. If it maintains its sales multiple at that time, it will be able to easily surpass a $6 trillion valuation in just three years, representing a big jump from current levels. However, if we assume Nvidia's top-line growth slows after fiscal 2028 to an annual rate of 15% in fiscal 2029 and 2030 from the 31% compound annual growth rate that it is forecast to clock between fiscal 2026 and 2028 (using fiscal 2025 revenue of $130.5 billion as the base), its annual revenue could jump to $386 billion after five years. If Nvidia trades at a discounted 15 times sales at that time, it could still hit a $6 trillion valuation by 2030. So, investors can still consider buying this AI stock in anticipation of more upside in the long run, as it seems capable of maintaining its healthy growth rate over the next five years. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy. Prediction: This Artificial Intelligence (AI) Stock Could Hit a $6 Trillion Valuation by 2030 was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Yahoo
Grand Forks Mayor Brandon Bochenski: HIVE 'far ahead of schedule'
Jun. 7—GRAND FORKS — The Grand Forks HIVE building is expected to generate nearly $400,000 in revenue this year before additional contributions from the Grand Forks Jobs Development Authority, less than the $515,000 in expected expenditures for the year. And while originally not a fan of the purchase, Grand Forks Mayor Brandon Bochenski said the transformation of the former Grand Forks Herald building into a tech accelerator and unmanned aircraft system industry hub has made the facility a worthwhile investment. A $1.1 million grant from the U.S. Economic Development Administration was "the hinge" for Bochenski, he said, allowing the building to move forward as a UAS-specific tech accelerator. "All of that came to fruition, so I think we've gotten the most out of the building," said Bochenski, who was not mayor when the city negotiated for the building's purchase. A profit wasn't expected, said Bochenski, who believes the amount of business growth the facility drives outweighs the cost of investment. "When you're growing something like this that's unique that nobody else across the country has, it's going to take time to get there," Bochenski said. "But I would say we're far ahead of schedule." The building has been owned by the Jobs Development Authority since 2019, when the organization purchased it from Forum Communications for $2.75 million. The gap between what the building earns and what it costs to run has shrunk since the city finished the first phase of renovations in 2023. The JDA has contributed between $260,000 to $391,000 a year for the operations since the building became the HIVE, an acronym for Hybrid Innovation Venture Engine. Earlier this spring, the JDA — comprised of members of the Grand Forks City Council and the mayor — voted to open a request for qualifications for a company to take over the management of the tech accelerator and building. Part of the qualification advertisement is to determine how much third-party management would cost — since there isn't a good analogous example from which to pull from — and potentially bring programming to the facility that the JDA is unable to. "Because the UAS industry is changing so rapidly, to keep up, we do think it's a good time to look at a third-party management company for the HIVE," city human resources manager Haley Rosaasen, who helps with operational management of the HIVE, told the JDA on April 7. "After taking a look at other accelerators, seeing how we're performing, we are trending in the right direction financially." The city first announced it would purchase the building six years ago, in April 2019. The original idea was to use it for city offices and house other offices for political entities, but that changed when Bochenski took office in 2020. After the JDA received the $1.1 million grant from the United States Economic Development Administration, it began to renovate the building into a tech accelerator to support technology and unmanned aircraft system start-up companies. While originally geared toward helping start-ups, the HIVE's mission has evolved to focus more on scale-ups rather than true start-ups. The JDA has spent $4.1 million on renovating the structure, which was built after the Flood of 1997 in 1998. The JDA, while comprised of city leadership and related to the city, is a distinct financial and legal entity, separate from the municipal corporation that is the city of Grand Forks. Its funds come from economic development dollars from sales tax earnings and rental income from other JDA-owned buildings . The funds to buy and renovate the HIVE building came from JDA cash reserves and the $1.1 million grant from the EDA. The first phase of renovations was completed in spring 2023 , and the second is now wrapping up. The renovations allowed the JDA to rent out some portions of the building traditionally and other portions as a coworking space model with memberships. The Herald moved from the HIVE to a south-side office building in 2023. The entirety of the structure is 32,000 square feet, with around 12,350 square feet of leaseable space. Most of that space is under lease, with only around 2,800 square feet — or about 23% — currently available. The building is estimated to generate around $148,000 a year in rent from its tenants, including: * Grand Forks Region Economic Development Corporation: 2,900 square feet at $3,153.92 monthly. * Meadowlark Aircraft: the company rents two spaces in the building billed separately. One 910 square foot space for $1,562.17 monthly and another 1,270 square foot space for $2,180.17 monthly. * Praxis Strategy Group: 1,150 square feet for $1,974.17 monthly. * Thread: 2,068 square feet for $1,947 monthly. * GrandSky: 705 square feet for $1,175 monthly. * XTI Aerospace: 525 square feet for $875 monthly. In total, those rental figures equal approximately $154,000. The variance between the $148,000 annual estimate and the potential $154,000 — the sum of all contracts over the year — is due to the way the JDA budgets and the nature of how rental contracts work at the HIVE. Companies can leave or join midway through the year since leases are generally month-to-month. The HIVE also has a fair amount of flex and meeting space. The "bullpen" is 1,950 square feet of flexible office space. Those who use it pay memberships to the HIVE, but don't necessarily have formal leases with the JDA. The HIVE offers three tiers of membership. Tier 1 includes use of the flexible office spaces in the bullpen, use of building services, and participation in member events. Tier 2 includes all tier one features and exclusive use of an office. Tier 3 is mainly reserved for those with formal leases and includes all features of Tier 1, minus use of the bullpen, and serves akin to a common area maintenance fee common in many commercial leases elsewhere. There are 22 companies overall that have memberships (including the six with leases) according to revenue records, and the JDA is estimating $180,600 in membership revenue in 2025. With an additional $53,000 expected in naming rights and sponsorships — $3,000 from general donors, $4,000 from a partnership with O'Leary Ventures and $46,000 in future, yet unrealized, opportunities — the total expected revenue in 2025 is $396,968, before the JDA's contribution. The roughly $118,000 that the JDA will contribute to the building is 4.7% of the budgeted $2.5 million in local sales tax revenue dedicated to economic development in 2025, or 0.35% of the total expected $33.5 million in sales tax collections for 2025. What the future has for the facility will likely be informed by the outcome of the management proposal, for which the city is now advertising. The building's operations require around one and a quarter staff to operate, much less than the typical six to seven for facilities like this, according to Bochenski. Under the proposed timeline, proposals were due to the JDA by May 9 with review occurring throughout the month. After that, it likely will come to the Growth Fund Committee and the JDA sometime in the middle of summer. "We're unsure of who would quite apply for it," Rosaasen said. "... We are looking for somebody who has UAS knowledge, so it's going to be a tight market."
CNBC
5 hours ago
- CNBC
Jobs, profit-taking and 2 other things that drove the stock market this week
The very public implosion of President Donald Trump and Elon Musk 's alliance may have captivated Wall Street this week, but the government's solid monthly employment report was the real showstopper. In addition to those two developments, earnings from Club names CrowdStrike and Broadcom , and the back-and-forth between Trump and Chinese President Xi Jinping on trade defined the market. 1. Jobs, stocks , Fed : The S & P 500 jumped 1% on Friday on the labor data , which showed job growth in May that was strong enough to ease fears of a recession and warmer-but-not-too-hot wage inflation. With both sides of the Federal Reserve's dual mandate of maximizing employment and fostering price stability in check, the market still felt comfortable rooting for an interest rate cut down the line. For the week, the S & P 500 rose 1.5% , logging its back-to-back weekly gains. For the second time this week, and despite Friday's solid nonfarm payrolls data, Trump prodded Fed Chairman Jerome Powell to cut rates – this time, calling for a full percentage point reduction . The market is predicting virtually no chance of a reduction at the central bank's upcoming meeting later this month. On Wednesday, the president called for a Fed rate cut after the weak ADP private sector hiring report. Powell has been saying all along that he won't be influenced by politics and will be economic data dependent. The Fed chief has also said he would like to see more data on whether Trump's tariffs, which are moving targets and not finalized, negatively impact the economy. 2. Scorched Earth : Could the relationship between the world's most powerful man, Trump, and the world's richest, Musk, end any other way than the way it did Thursday? Both billionaires went after each other on social media. Trump called Musk "crazy" and threatened to kill federal contracts with Musk's companies, including SpaceX. Musk called for Trump's impeachment, criticized Trump's "Big Beautiful Bill" of tax cuts and spending priorities making its way on Capitol Hill, and then said SpaceX would decommission its Dragon spacecraft. Musk later took back that last part. Tesla shares sank over 14% on Thursday – but on Friday, recovered more than 3.5%. Also on Friday, Trump said he was not interested in having a call with Musk. Putting all the drama aside, there are real issues at play here concern the federal budget deficit and the billions upon billions of dollars of stock market value that has been erased from Musk's Tesla . Shares have lost more than 25% year to date. 3. Back on, again : The other Washington-related saga that has implications for stocks is trade talks between the U.S. and China. Trump announced on Friday that U.S.-China trade talks will take place Monday in London. The news comes after Trump and Xi finally talked on the phone Thursday. Last month, high-level U.S. officials met with their Chinese counterparts in Geneva, Switzerland, where they each agreed to pause most of the triple-digit tariff rates on each other's imports. Before the Trump-Xi call, the U.S. president accused China of violating that agreement – to which the Chinese accused the U.S. of not adhering to the deal. Reuters reported on Friday that China granted licenses for rare earth elements to the top three U.S. automakers. Back in April, China, which dominates in rare earths, put export curbs on the resources, which are key to making many of our modern-day products. 4. Records, then selling : Both CrowdStrike and Broadcom saw their stocks finish at record closing highs ahead of this week's respective earnings reports, which led to selling. CRWD YTD mountain CrowdStrike YTD Shares of CrowdStrike hit its closing record of just under $489 on Tuesday. Then after the bell, the cybersecurity delivered a mostly solid quarter . The stock lost 5.8% on Wednesday. Good old profit-taking after a big run to all-time highs contributed to the selling, and so did concerns about mixed guidance and some noise around federal government inquiries into the company — though nothing has changed in our stance toward last July's massive IT outage and its dealings with software reseller Carahsoft. The outage was caused by a botched CrowdStrike software update. CEO George Kurtz appeared on "Mad Money" with Jim and defended his company in the probes , saying the company is cooperating with investigators. On earnings night, we raised our price target to $500 per share from $400 but kept our hold-equivalent 2 rating in recognition of this year's more than 35% gain in the stock. Shares were modestly higher on Thursday and Friday. AVGO YTD mountain Broadcom YTD Broadcom shares closed at a record high of $261 each Wednesday. Then, after Thursday's close, Broadcom delivered a strong quarter and upbeat comments about its key artificial intelligence business. There are no signs that demand for the company's custom AI chips, or "accelerators," and networking solutions will let up anytime soon. On the software side, Broadcom continues to make the most of its blockbuster VMware acquisition. But again, profit-takers swooped in during Friday's session and pushed the stock down 5%. On earnings night, we raised our price target on the stock to $290 per share from $230 but kept our 2 rating. During Friday's Morning Meeting, Jim did tell investors without a position in Broadcom that it would be a good time to buy, starting with a partial position then building it up over time. (Jim Cramer's Charitable Trust is long CRWD, AVGO. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
