Latest news with #defense contract
CNA
04-08-2025
- Business
- CNA
Satellite firm SES wins $90 million contract to support US Army
SES has won an $89.6 million contract to provide its commercial satellite communications (COMSATCOM) services to the U.S. army, the European satellite company said on Monday. Its SES Space & Defense subsidiary has been awarded the five-year deal, the company said. It will supply its strategic transport and communications network to Combat Service Support, Department of Defense (DoD) programmes, as well as additional U.S. government agencies. In May this year, the European group was selected by the U.S. DoD to deliver space-based network for improved data transmission. In July, it announced a partnership with the government of Luxembourg to develop and launch a new defence satellite.
Yahoo
12-07-2025
- Business
- Yahoo
Veritone (VERI) Wins Air Force Contract for AI-Powered Investigative Solutions
Veritone, Inc. (NASDAQ:VERI) is one of the most popular AI penny stocks to buy according to billionaires. On June 25, the company won a sole-source contract from the Department of the Air Force to support the Air Force Office of Special Investigations (AFOSI). The contract, awarded on the day of announcement, spans one year with four additional option years. The U.S. Air Force Office of Special Investigations (AFOSI) is using Veritone's AI tools—aiWARE and iDEMS—to improve how it handles investigations and security tasks. These systems will help automate work, manage digital evidence faster, and track important data in real time. This will support the Department of Defense's efforts to modernize law enforcement and strengthen national security, with AFOSI taking the lead in rolling out the technology. Veritone, Inc. (NASDAQ:VERI), is an enterprise AI company. It develops and operates aiWARE, an AI operating system that transforms unstructured data into actionable intelligence. It serves sectors including media, public safety, and government. While we acknowledge the potential of VERI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Top 10 Materials Stocks to Buy According to Analysts and 10 Best Defensive Stocks to Buy in a Volatile Market. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
