Latest news with #UAS
United News of India
3 hours ago
- Business
- United News of India
Indian Army conducts trials of next-gen defence technologies under simulated operational conditions
New Delhi, May 31 (UNI) The Indian Army is currently undertaking extensive capacity development demonstrations at key locations across the country, including the Pokhran Field Firing Ranges, Babina Field Firing Ranges, and Joshimath, with dedicated Air Defence equipment demonstrations also scheduled at Agra and Gopalpur. These field trials are being conducted under near-combat conditions, integrating electronic warfare simulations to assess the performance of cutting-edge defence systems rigorously, a Defence Ministry statement said. On May 27, Army chief General Upendra Dwivedi, visited Babina Field Firing Ranges and reviewed the ongoing demonstrations and interacted with all stakeholders. The demonstrations feature a wide array of advanced technologies developed under the Aatmanirbhar Bharat initiative, aimed at accelerating indigenous capability development. The trials mark a significant step in the Indian Army's roadmap for a 'Decade of Transformation' and are designed to ensure rapid absorption of emerging technologies to meet evolving battlefield requirements. A large number of defence industry partners are taking part in the demonstration, reflecting the increasing synergy between the Indian Army and domestic manufacturers. Key platforms undergoing evaluation include Unmanned Aerial Systems (UAS); UAV Launched Precision Guided Munition (ULPGM); Runway Independent (RWI); Remotely Piloted Aerial Systems (RPAS); Counter-UAS Solutions; Loitering Munitions; Specialised Vertical Launch (SVL) Drones; Precision Multi Munition Delivery Systems; Integrated Drone Detection and Interdiction System (IDDIS); Low Level Light Weight Radars; VSHORADS (Next Generation) IR Systems and Electronic Warfare (EW) platforms. Through these evaluations, the Indian Army aims to strengthen its technological edge, enhance operational readiness, and reaffirm its commitment to indigenous innovation and self-reliance in defence capability development. UNI RBE GNK
Time of India
7 hours ago
- Time of India
Army tests next-gen indigenous defence systems under simulated combat conditions, showcases ‘Aatmanirbhar' capabilities across India
File photo NEW DELHI: The Indian Army is currently carrying out extensive Capacity Development Demonstrations at multiple key locations across India, including Pokhran Field Firing Ranges, Babina Field Firing Ranges, and Joshimath. Separate air defence demonstrations are scheduled at Agra and Gopalpur. These trials are being conducted under simulated operational conditions, with integrated electronic warfare (EW) environments to rigorously evaluate the performance of advanced defence systems. Earlier this week, Chief of the Army Staff General Upendra Dwivedi visited the Babina Field Firing Ranges, where he reviewed the ongoing trials and engaged with all stakeholders, including defence industry partners and Army officials. The demonstrations are part of the Indian Army's larger roadmap for a 'Decade of Transformation' and aim to fast-track the absorption of emerging technologies, particularly those developed under the Aatmanirbhar Bharat initiative. A wide range of platforms is undergoing trials, showcasing the synergy between the Indian Army and indigenous defence manufacturers. Key systems being evaluated include: Unmanned Aerial Systems (UAS) UAV Launched Precision Guided Munition (ULPGM) Runway Independent (RWI) Remotely Piloted Aerial Systems (RPAS) Counter-UAS Solutions Loitering Munitions Specialised Vertical Launch (SVL) Drones Precision Multi Munition Delivery Systems Integrated Drone Detection and Interdiction System (IDDIS) Low Level Light Weight Radars VSHORADS (Next Generation) Infrared Systems Electronic Warfare (EW) Platforms These demonstrations are designed to assess combat viability and ensure that the Indian Army remains technologically superior and operationally prepared for future conflicts. The trials underscore the Army's commitment to strengthening national defence through indigenous innovation and self-reliance.
Associated Press
2 days ago
- Business
- Associated Press
Karman Space & Defense Acquires Industrial Solid Propulsion ('ISP'), a Leading Supplier of Energetic Propulsion Technologies for Next-Generation UAS, UAS Intercept and Rocket-Assisted Takeoff Systems
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--May 29, 2025-- Karman Space & Defense ('Karman', 'Karman Holdings, Inc.' or 'the Company') (NYSE: KRMN), a leader in the rapid design, development and production of critical, next-generation system solutions for launch vehicle, satellite, spacecraft, missile defense, hypersonic and UAS customers today announced it has acquired ISP, a leader in specialty energetic propulsion technologies including small boost motors and solid propellant gas generators for the rapidly growing UAS, UAS intercept and rocket-assisted takeoff systems markets. The transaction closed on May 28, 2025. This press release features multimedia. View the full release here: Karman Space & Defense Acquires Industrial Solid Propulsion ('ISP'), expanding capabilities and offering Founded in 1983 and based in Cedar City, Utah, ISP has developed a proprietary portfolio of propellant formulations and tactical motor configurations, with proven flight heritage across a number of high-priority U.S. Department of Defense ('DOD') programs. ISP designs, tests, qualifies and manufactures small-diameter energetic and propulsion systems to meet mission requirements for distance, total impulse, peak thrust and burn time. With the required engineering and manufacturing capabilities to take a product from concept-to-production, ISP is a proven partner to prime customers in delivering integrated energetic and propulsion systems, with more than 40 years of flight heritage. 'We have been working collaboratively with ISP on a number of exciting opportunities for many months and believe that ISP is a natural, strategic fit within the Karman portfolio,' said Tony Koblinski, Karman Chief Executive Officer. 'This acquisition strengthens our core competency in energetics, expands our offering in small-diameter solid propellant technologies and will allow us to serve our customers even better. ISP's proprietary portfolio of propellant formulations and unique manufacturing capabilities furthers Karman's mission of leveraging advanced technologies to drive agile solutions for customers across the space and defense market. We welcome the talented ISP team to Karman and look forward to working together to deliver even more value to our customers.' ISP leverages its leading IP portfolio and full suite of in-house, small batch manufacturing capabilities to rapidly qualify and deliver efficient, technically optimal energetic systems. ISP's full-service capabilities include propellant and cartridge design, grain formulation, mixing, machining, cartridge loading and hot-fire testing. ISP's propulsion expertise in small-diameter systems and cartridges and its programmatic positions are well aligned with current and future funding priorities, specifically in deployment and launch systems for one-way loitering munitions, counter-UAS and intercept systems. Additionally, ISP has a long history of supporting STEM-based educational curricula for schools, camps, clubs and youth organizations. Empowering the next generation of energetics and propulsion engineers with tools to help them experiment, learn and launch their careers is central to ISP and highly aligned with Karman's approach to supporting local communities and identifying top talent. On May 27, 2025, Karman successfully closed an offering to increase the size of its existing $300 million Term Loan B by $75 million. The majority of the proceeds from this offering were used to fund the acquisition of ISP, which consisted of $50 million in cash, approximately $5 million in Karman common shares and $5 million in potential earnout payments. For more information on ISP, please visit Advisors Citi served as exclusive financial advisor and Willkie Farr & Gallagher LLP served as legal advisor to Karman in connection with the transaction. KAL Capital served as financial advisor to ISP. ABOUT KARMAN SPACE & DEFENSE We specialize in the rapid design, development, and production of next-generation technologies to combat near-peer nation state threats, focused on critical, integrated systems for the hypersonic, missile defense, UAV and space sectors. Our core technology offerings include propulsion, deployable shrouds, launchers, and energetic subsystems. Customers choose our advanced solutions to deliver mission success across a diverse set of existing and emerging programs supporting high-priority defense and commercial space sector initiatives. For more information, visit Forward-Looking Statements This announcement may contain 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as 'expect,' 'expectation,' 'believe,' 'anticipate,' 'may,' 'could,' 'intend,' 'belief,' 'plan,' 'estimate,' 'target,' 'predict,' 'likely,' 'seek,' 'project,' 'model,' 'ongoing,' 'will,' 'should,' 'forecast,' 'outlook' or similar terminology. These statements are based on and reflect our current expectations, estimates, assumptions and/ or projections, our perception of historical trends and current conditions, as well as other factors that we believe are appropriate and reasonable under the circumstances. Forward-looking statements are neither predictions nor guarantees of future events, circumstances or performance and are inherently subject to known and unknown risks, uncertainties and assumptions that could cause our actual results to differ materially from those indicated by those statements. There can be no assurance that our expectations, estimates, assumptions and/or projections, including with respect to the future earnings and performance or capital structure of Karman, will prove to be correct or that any of our expectations, estimates or projections will be achieved. Numerous factors could cause our actual results and events to differ materially from those expressed or implied by forward-looking statements, including the factors described in the filings we make with the SEC from time to time and, without limitation, that a significant portion of our revenue is generated from contracts with the United States military and U.S. military spending is dependent upon the U.S. defense budget; U.S. government contracts are subject to a competitive bidding process that can consume significant resources without generating any revenue; our business and operations expose us to numerous legal and regulatory requirements, and any violation of these requirements could materially adversely affect our business, results of operations, prospects and financial condition; our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete; and we have in the past consummated acquisitions and intend to continue to pursue acquisitions, and our business may be adversely affected if we cannot consummate acquisitions on satisfactory terms, or if we cannot effectively integrate acquired operations. Readers are directed to the risk factors identified in the filings we make with the SEC from time to time, copies of which are available free of charge at the SEC's website at under Karman Holdings Inc. The forward-looking statements included in this announcement are only made as of the date of this announcement. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable law. For additional media and information, please follow us LinkedIn X Instagram YouTube View source version on CONTACT: Investor inquiries: Steven Gitlin [email protected] inquiries: [email protected] KEYWORD: CALIFORNIA UTAH UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: CONTRACTS DEFENSE AEROSPACE MANUFACTURING SOURCE: Karman Space & Defense Copyright Business Wire 2025. PUB: 05/29/2025 08:10 AM/DISC: 05/29/2025 08:09 AM
Business Wire
2 days ago
- Business
- Business Wire
Karman Space & Defense Acquires Industrial Solid Propulsion ('ISP'), a Leading Supplier of Energetic Propulsion Technologies for Next-Generation UAS, UAS Intercept and Rocket-Assisted Takeoff Systems
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)-- Karman Space & Defense ('Karman', 'Karman Holdings, Inc.' or 'the Company') (NYSE: KRMN), a leader in the rapid design, development and production of critical, next-generation system solutions for launch vehicle, satellite, spacecraft, missile defense, hypersonic and UAS customers today announced it has acquired ISP, a leader in specialty energetic propulsion technologies including small boost motors and solid propellant gas generators for the rapidly growing UAS, UAS intercept and rocket-assisted takeoff systems markets. The transaction closed on May 28, 2025. "This acquisition strengthens our core competency in energetics, expands our offering in small-diameter solid propellant technologies and will allow us to serve our customers even better," said Karman CEO Tony Koblinski Share Founded in 1983 and based in Cedar City, Utah, ISP has developed a proprietary portfolio of propellant formulations and tactical motor configurations, with proven flight heritage across a number of high-priority U.S. Department of Defense ('DOD') programs. ISP designs, tests, qualifies and manufactures small-diameter energetic and propulsion systems to meet mission requirements for distance, total impulse, peak thrust and burn time. With the required engineering and manufacturing capabilities to take a product from concept-to-production, ISP is a proven partner to prime customers in delivering integrated energetic and propulsion systems, with more than 40 years of flight heritage. 'We have been working collaboratively with ISP on a number of exciting opportunities for many months and believe that ISP is a natural, strategic fit within the Karman portfolio,' said Tony Koblinski, Karman Chief Executive Officer. 'This acquisition strengthens our core competency in energetics, expands our offering in small-diameter solid propellant technologies and will allow us to serve our customers even better. ISP's proprietary portfolio of propellant formulations and unique manufacturing capabilities furthers Karman's mission of leveraging advanced technologies to drive agile solutions for customers across the space and defense market. We welcome the talented ISP team to Karman and look forward to working together to deliver even more value to our customers.' ISP leverages its leading IP portfolio and full suite of in-house, small batch manufacturing capabilities to rapidly qualify and deliver efficient, technically optimal energetic systems. ISP's full-service capabilities include propellant and cartridge design, grain formulation, mixing, machining, cartridge loading and hot-fire testing. ISP's propulsion expertise in small-diameter systems and cartridges and its programmatic positions are well aligned with current and future funding priorities, specifically in deployment and launch systems for one-way loitering munitions, counter-UAS and intercept systems. Additionally, ISP has a long history of supporting STEM-based educational curricula for schools, camps, clubs and youth organizations. Empowering the next generation of energetics and propulsion engineers with tools to help them experiment, learn and launch their careers is central to ISP and highly aligned with Karman's approach to supporting local communities and identifying top talent. On May 27, 2025, Karman successfully closed an offering to increase the size of its existing $300 million Term Loan B by $75 million. The majority of the proceeds from this offering were used to fund the acquisition of ISP, which consisted of $50 million in cash, approximately $5 million in Karman common shares and $5 million in potential earnout payments. For more information on ISP, please visit Advisors Citi served as exclusive financial advisor and Willkie Farr & Gallagher LLP served as legal advisor to Karman in connection with the transaction. KAL Capital served as financial advisor to ISP. ABOUT KARMAN SPACE & DEFENSE We specialize in the rapid design, development, and production of next-generation technologies to combat near-peer nation state threats, focused on critical, integrated systems for the hypersonic, missile defense, UAV and space sectors. Our core technology offerings include propulsion, deployable shrouds, launchers, and energetic subsystems. Customers choose our advanced solutions to deliver mission success across a diverse set of existing and emerging programs supporting high-priority defense and commercial space sector initiatives. For more information, visit Forward-Looking Statements This announcement may contain 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as 'expect,' 'expectation,' 'believe,' 'anticipate,' 'may,' 'could,' 'intend,' 'belief,' 'plan,' 'estimate,' 'target,' 'predict,' 'likely,' 'seek,' 'project,' 'model,' 'ongoing,' 'will,' 'should,' 'forecast,' 'outlook' or similar terminology. These statements are based on and reflect our current expectations, estimates, assumptions and/ or projections, our perception of historical trends and current conditions, as well as other factors that we believe are appropriate and reasonable under the circumstances. Forward-looking statements are neither predictions nor guarantees of future events, circumstances or performance and are inherently subject to known and unknown risks, uncertainties and assumptions that could cause our actual results to differ materially from those indicated by those statements. There can be no assurance that our expectations, estimates, assumptions and/or projections, including with respect to the future earnings and performance or capital structure of Karman, will prove to be correct or that any of our expectations, estimates or projections will be achieved. Numerous factors could cause our actual results and events to differ materially from those expressed or implied by forward-looking statements, including the factors described in the filings we make with the SEC from time to time and, without limitation, that a significant portion of our revenue is generated from contracts with the United States military and U.S. military spending is dependent upon the U.S. defense budget; U.S. government contracts are subject to a competitive bidding process that can consume significant resources without generating any revenue; our business and operations expose us to numerous legal and regulatory requirements, and any violation of these requirements could materially adversely affect our business, results of operations, prospects and financial condition; our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete; and we have in the past consummated acquisitions and intend to continue to pursue acquisitions, and our business may be adversely affected if we cannot consummate acquisitions on satisfactory terms, or if we cannot effectively integrate acquired operations. Readers are directed to the risk factors identified in the filings we make with the SEC from time to time, copies of which are available free of charge at the SEC's website at under Karman Holdings Inc. The forward-looking statements included in this announcement are only made as of the date of this announcement. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable law.
Cision Canada
2 days ago
- Business
- Cision Canada
North Vector Dynamics Emerges from Stealth to Tackle Counter-UAS Threats with Made-in-Canada Solutions
CALGARY, AB, May 29, 2025 /CNW/ - North Vector Dynamics (NVD) has officially emerged from stealth, offering advanced and cost-effective counter-uncrewed aerial systems (CUAS) solutions. Incubated by Think Solutions and backed by ONE9, NVD introduces a sovereign Canadian capability to address one of today's most pressing defence and public safety challenges: neutralizing hostile drones. The launch of NVD marks a critical milestone in strengthening Canada's ability to respond to increasingly sophisticated and decentralized UAS threats. NVD's modular and scalable architecture integrates AI-powered detection, advanced sensing, and flexible mitigation tools. It is designed for seamless integration with both current and next-generation security infrastructure, offering fast deployment and adaptability across a range of operational environments. "Our goal from the beginning has been to build a capability that meets the needs of not just Canadian end-users, but also our allies," said Paul Ziadé, CEO and Co-Founder of NVD. "The threat is real and it's here today. We're proud to offer a Canadian solution that empowers our national security end-users with the tools they need to protect against evolving aerial threats." Backed by Canadian Innovation Leaders ONE9, Canada's first and only venture firm focused on global security technologies, is a founding investor in NVD. From ideation to execution, ONE9 has played a strategic role in shaping the company's mission and market entry. "We're incredibly proud to have been part of North Vector Dynamics as it evolved from concept to reality," said Glenn Cowan, Founder and Managing Director of ONE9. "This is the kind of Canadian innovation our ecosystem needs: dual-use, defensible, and deployable. NVD demonstrates what's possible when elite operators, technologists, and mission-aligned investors unite around a shared vision." Canadian Founders and Investors Are Ready to Meet the Moment The partnership between NVD and ONE9 reflects a renewed commitment across Canada's innovation sector to prioritize sovereign defence capabilities. "For decades, we've treated defence as a dirty word in our industrial vocabulary," added Ziadé. "But there should be nothing controversial about building to defend Canada, Canadians, and our allies." Cowan concluded, "North Vector Dynamics is uniquely positioned to bring these capabilities to market, and ONE9 is excited to help scale this homegrown solution. Together, we're proud to be part of Canada's defence and security technology renaissance."
