Latest news with #SRMs
Yahoo
25-03-2025
- Business
- Yahoo
X-Bow Assembles Powerhouse Advisory Board to Fuel Growth
Influential Leaders from Military, Government, and Industry to Guide X-Bow's Expansion ALBUQUERQUE, N.M., March 25, 2025 /PRNewswire/ -- X-Bow Systems Inc (X-Bow), the leading non-traditional producer of advanced solid rocket motors (SRMs) and defense technologies, today announced the formation of its Strategic Advisory Board, which will provide strategic counsel and support the company's continued growth and maturation. The advisory board members include: Vice Admiral (USN-Ret.) Terry Benedict, former Director of the Navy's Strategic Systems Programs, and President of Systems Planning & Analysis. Major General (USSF-Ret.) John M. Olson, PhD, former Mobilization Assistant to the Chief of Space Operations, United States Space Force, and President and Chief Executive Officer of AXIONS Corporation. Major General (USAF-Ret.) Garrett Harencak, former Commander of the Air Force Nuclear Weapons Center, and President of Harencak Consulting LLC. Michael E. White, AIAA Fellow, and former DoD Principal Director for Hypersonics. Preston Dunlap, Founder and CEO of Arkenstone Capital and Arkenstone Ventures, and former Chief Technology Officer of the U.S. Space Force and Air Force. Colonel (USAF-Ret.) Sean McKay, former program manager for various DOD, Foreign Military Sales, and Intelligence Community activities, and CEO and founder of Precision ISR. J. Jeffrey Irons, retired aerospace and defense consultant and founder of ironSclad Solutions, Inc. Dr. Marco Villa, Founding Partner of Ceresio Consulting and former executive at Terran Orbital Corporation and SpaceX. Steve Pann, Co-Founder & Managing Partner of Razor's Edge Ventures, and former CIA Science and Technology Officer. These renowned defense and private sector leaders, with extensive backgrounds in national security, technology, and international relations, will provide guidance on X-Bow's strategic growth efforts. "We are honored to welcome such an accomplished group of advisors – a true powerhouse of expertise – to the team," said Jason Hundley, CEO of X-Bow. "Their collective experience and insights will be instrumental as we continue to grow both at home and abroad." The addition of former government and military leaders underscores X-Bow's unwavering commitment to supporting the Department of Defense (DoD) and its vital mission. Since its inception in 2016, X-Bow has closely collaborated with the military on its evolving requirements for energetics, munitions and SRMs and the missions they could support. The company's strategic advisors will further deepen X-Bow's understanding of DoD and global requirements and demands and strengthen its ability to deliver on the needs of the mission and the defense industrial base. About X-Bow SystemsX-Bow Systems is disrupting the aerospace industry with innovative and cost-effective advanced manufactured energetics for the solid rocket motor and launch vehicle market. X-Bow is also designing and building a suite of modular solid rocket motors and small launch vehicles for both orbital and suborbital launch services. X-Bow is led by CEO Jason Hundley, Chairman Mark Kaufman, CTO Max Vozoff, CRO Maureen Gannon, General Counsel John Leary, COO Mike Bender and a growing team of seasoned industry veterans and new space entrepreneurs. X-Bow is a dual-use technology company with investment from: Crosslink Capital, Razor's Edge Ventures, Balerion Space Ventures, Boeing, Arkenstone Capital, The Capital Factory, and Lockheed Martin Ventures. Headquartered in Albuquerque, New Mexico, X-Bow has additional presence in California, Alabama, Colorado, Texas, Utah, Maryland and Washington, DC. For more information visit View original content to download multimedia: SOURCE X-Bow Systems
Yahoo
21-03-2025
- Business
- Yahoo
To amass cheap rockets, US Army picks Anduril to develop solid motor
The U.S. Army has chosen Anduril Rocket Motor Systems to develop a new 4.75-inch solid rocket motor for long-range precision rocket artillery, the company announced today. Anduril Industries moved into the solid rocket motor business when it acquired Adranos in 2023, which allowed it to start supplying solid rocket motors to companies that make hypersonic weapons, missiles and other propulsion systems. While the rocket motor industry has grown — and now includes L3Harris' Aerojet Rocketdyne, Northrop Grumman and Nammo — there is still a shortage of solid-rocket motors to outfit all of the missiles. The U.S. has ramped up its missile production to resupply its own stockpiles after providing weapons to Ukraine and to ensure it has enough to handle future contingencies that may demand the firepower. 'Ongoing global conflicts have only underscored the urgency of increasing industry capacity,' retired Army Lt. Gen. Neil Thurgood, Anduril Industries' senior vice president, wrote in a company blog post. 'SRMs are essential components of munitions and hypersonic weapons, making it critical to scale production and replenish this depleted resource.' Earlier this week, Army Futures Command Commander Gen. James Rainey said the service's exquisite and precise weapon systems are necessary to penetrate deep into enemy territory and go up against enemy air defenses, but there is also a need for 'boxes of rockets, cheap rockets, that we can fire in the hundreds.' When it comes to air defense or offensive long-range fires, 'we are seeing companies that are coming in at price points, the ability to scale. It's very promising and present,' Rainey said at the McAleese and Associates' defense conference in Arlington, Virginia. 'Anduril's solution will increase magazine capacity while maintaining the range, effectiveness, and lethality required on today's battlefield,' Thurgood said in his post. The 4.75-inch size 'potentially' allows for up to 30 guided rockets to be configured in a single High Mobility Artillery Rocket System pod, Thurgood said, 'drastically improving the loadout within existing launcher constraints.' Anduril 'is one of the first companies developing rocket motors in this form factor to meet the Army's need for increased volume and affordability,' he added. The company will build and test rocket motors using both traditional aluminized propellant and its 'advanced ALITEC fuel,' according to Thurgood. ALITEC improves munition range in a smaller package while using less power, he noted. 'We anticipate that ALITEC-powered SRMs will achieve ranges comparable to significantly larger rocket motors, providing long-range strike capability in a smaller and more efficient design,' Thurgood writes. Additionally, the company is using its recent $14.3 million Defense Production Act award to improve manufacturing methods, including 'applying single-piece-flow manufacturing, powered by bladeless high-speed mixer.' The company is also investing $74 million internally to produce large amounts of SRMs at a lower cost, Thurgood said.
Yahoo
26-02-2025
- Business
- Yahoo
Kratos & RAFAEL Establish Prometheus Energetics Joint Venture, a U.S.-Based Merchant Supplier of Solid Rocket Motors
SAN DIEGO, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in the defense, national security and global markets, and RAFAEL Advanced Defense Systems Ltd., today announced an approximate 50/50 partnership for the establishment of a U.S.-based merchant supplier of solid rocket motors (SRMs) and other energetics. The new joint venture, named Prometheus Energetics ('Prometheus'), is set to be headquartered on an approximate 500-acre site near the United States Navy and Army facility in Crane, Indiana. Kratos and RAFAEL (through its U.S. based subsidiary RAFAEL USA) have jointly committed up to $175 million in capital for the establishment of Prometheus and required property, plant, equipment and personnel needed for the new, state-of-the-art energetics manufacturing campus and facilities. After construction of the plant and once RAFAEL's technology transfer is completed and certified for operations, Prometheus is projected to begin production in 2027 of SRMs. RAFAEL is the developer and manufacturer of unique, world-renowned systems such as the Iron Dome and the TROPHY APS which are in service in the Israeli Defense Forces as well as the David's Sling which provides the middle layer of air defense for the state of Israel. The company, originally established as the IDF Science Corps, has developed groundbreaking technologies like high energy laser solutions like the Iron Beam which are expected to be operational by the end of 2025. The company functions through a vertical integration structure that enables a unique ability to meet the demands and overcome the challenges of the global market and supply chain. RAFAEL offers a diverse portfolio from new space to the ground battlespace with battle-proven technologies. Kratos is a leader in hypersonic or advanced systems, strategic systems, ballistic missile targets, sub-orbital research vehicles, sounding rockets, and solid rocket motors. Kratos has served the U.S. advanced systems and missile defense communities for decades, delivering numerous novel systems and vehicle flight tests. Kratos is the only company today delivering both propulsion and advanced flight systems, with Kratos advanced systems including the low-cost Erinyes Glide Vehicle, Dark Fury, Zeus and Oriole Solid Rocket Motors, and other Kratos systems and technologies. Kratos provides unmatched innovation, disruptive capabilities, mission responsiveness and affordability to our customers across our portfolio of systems. Eric DeMarco, President and CEO of Kratos Defense, said, 'We believe Prometheus, once up and running at full rate production, will be a step function catalyst in value creation for Kratos' stakeholders and the U.S. defense industrial base, similar to Kratos' recent MACH-TB contract award—the largest single-award contract in Kratos history. Like other major Kratos investments such as Oriole, Zeus, and Erinyes, Prometheus responds to a critical need to strengthen the U.S. Industrial Base and will also provide tens of thousands of SRMs and casted warheads supporting both America's most reliable partner in the Middle East and United States national security related demand from a true SRM and energetics merchant supplier.' Kratos will reflect Prometheus in its consolidated financial statements on the Equity Method of Accounting, under which Kratos will record approximately 50 percent of Prometheus Net Income on a single line 'Net Income from Prometheus Energetics' in its income statement, and Kratos will annually receive approximately 50 percent of the Free Cash Flow generated from Prometheus. Kratos intends to continue to report Kratos Operating Income, Net Income, Adjusted EBITDA and other financial matrices separate from the Prometheus results, in order for all Kratos stakeholders to be able to follow the progress of each Company, the investment made in Prometheus and the future return on Kratos' investment in Prometheus. RAFAEL Advanced Defense Systems Ltd., one of Israel's largest defense contractors, develops, manufactures, and sustains combat-proven technologies, products, and systems-of-systems for air, land, naval, space and digital applications. RAFAEL's delivery of combat-proven systems is supported by vertically integrated facilities and engineering teams servicing the development and production of SRMs and warhead (WH) products that play a critical role in Israel's Iron Dome, the world's premier air defense system designed to intercept and destroy short-range rockets, artillery shells, UAVs, and other aerial threats. This vertical integration has made RAFAEL a leading expert in SRMs and WH development and production, allowing it to continuously expand capabilities and push the envelope in technology, performance, and fielding of effective systems. RAFAEL's multi-dimensional portfolio and unique innovative capabilities have enabled the development of world-leading technologies across all spheres. Yoav Tourgeman, President and CEO of RAFAEL Advanced Defense Systems Ltd., said: 'The establishment of Prometheus Energetics is a strategic leap forward, reinforcing RAFAEL's commitment to strengthening the U.S. defense industrial base while ensuring our allies and partners have access to the most advanced, combat-proven energetics solutions. This step constitutes a strategic vector that combines business considerations in the American market with the increasing demand for energetic products, while significantly enhancing our ability to deliver resilient and reliable supply solutions to our customers. Through this joint venture, we are deepening our longstanding partnership with the United States, strengthening supply chain independence, and bolstering the critical capabilities needed to address evolving national security challenges.' About Kratos Defense & Security Solutions Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a technology, products, system and software company addressing the defense, national security, and commercial markets. Kratos makes true internally funded research, development, capital and other investments, to rapidly develop, produce and field solutions that address our customers' mission critical needs and requirements. At Kratos, affordability is a technology, and we seek to utilize proven, leading edge approaches and technology, not unproven bleeding edge approaches or technology, with Kratos' approach designed to reduce cost, schedule and risk, enabling us to be first to market with cost effective solutions. We believe that Kratos is known as an innovative disruptive change agent in the industry, a company that is an expert in designing products and systems up front for successful rapid, large quantity, low-cost future manufacturing which is a value add competitive differentiator for our large traditional prime system integrator partners and also to our government and commercial customers. Kratos intends to pursue program and contract opportunities as the prime or lead contractor when we believe that our probability of win (PWin) is high and any investment required by Kratos is within our capital resource comfort level. We intend to partner and team with a large, traditional system integrator when our assessment of PWin is greater or required investment is beyond Kratos' comfort level. Kratos' primary business areas include virtualized ground systems for satellites and space vehicles including software for command & control (C2) and telemetry, tracking and control (TT&C), jet powered unmanned aerial drone systems, advanced vehicles and rocket systems, propulsion systems for drones, missiles, loitering munitions, supersonic systems, space craft and launch systems, C5ISR and microwave electronic products for missile, radar, missile defense, space, satellite, counter UAS, directed energy, communication and other systems, and virtual & augmented reality training systems for the warfighter. For more information, visit About RAFAEL Advanced Defense Systems Ltd. Established in 1948, RAFAEL Advanced Defense Systems Ltd. develops, manufactures, and sustains combat-proven technologies, products, and systems-of-systems for air, land, naval, space and digital applications. As the developer of two integral layers of Israel's multi-layered air defense array and the developer of the world's only operation active protection system TROPHY APS, the company offers innovative and proven solutions for the global market. RAFAEL's air defense portfolio has achieved international recognition from Iron Dome to David's Sling and is expected to provide the first ever operational high-energy laser weapon system to the IDF by 2025. The company has bolstered its international standing as a top-tier defense manufacturer by through an innovative approach of vertical integration enabling seamless technology transfer and local production, making it a trusted partner for defense solutions in global markets, particularly in the U.S. where its systems strengthen national security priorities. Leveraging its technological ingenuity, operational experience, and unparalleled understanding of evolving combat requirements, RAFAEL provides global warfighters with today's most advanced technologies and life-saving defense solutions that ensure operational superiority. RAFAEL's strategy includes strategic international partnerships and localization to ensure customer sovereignty. For more information on RAFAEL, please visit Notice Regarding Forward-Looking Statements Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 29, 2024, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos. Press Contacts: Claire Burghoff Daniel Tsemach DANIELT5@ Investor Information: 877-934-4687 investor@ in to access your portfolio
Morocco World
22-02-2025
- Business
- Morocco World
Morocco Establishes New Tariff for Electricity Distribution
Rabat – Morocco's National Electricity Regulatory Authority (ANRE) has set the Medium Voltage Distribution Network Usage Tariff (TURD) for the first time, marking a key step in the country's electricity sector regulation. The tariff, set at 5.92 centimes per kilowatt-hour, will apply from March 1, 2025, to February 28, 2027. ANRE announced that it would adjust the rate a year later to account for inflation and economic conditions. This decision establishes a single tariff across the country, a move ANRE says simplifies the pricing structure, particularly as Morocco moves forward with the creation of Regional Multi-Service Companies (SRMs). The two-year timeframe aligns with plans to reassess the national electricity transmission network tariff, whose current period ends in early 2027. ANRE looks to give investors clearer visibility while reinforcing Morocco's transitions to cleaner energy. With the carbon tax set to take effect in early 2026, the new tariff framework seeks to support national efforts toward a low-carbon economy. The process leading to the decision involved extensive consultations with industry stakeholders and public input through ANRE's website. The authority also pointed to the importance of transparency in structuring the tariff while ensuring that all consumers contribute fairly to network costs. It also seeks to provide stability for businesses and households while improving the efficiency of network operations. This tariff is part of a broader regulatory framework enacted to ensure fair and non-discriminatory access to electricity networks. In addition to setting the TURD, ANRE adjusted the National Electricity Transmission Network Usage Tariff (TURT), which will be set at 6.68 centimes per kilowatt-hour from March 1, 2025. The System Services Compensation (TSS) will be set at 6.64 centimeters per kilowatt-hour for the same period.
