Section

Contracts

Defense autonomy business news: contract awards, counter-drone deals, program competitions and venture funding for defense-tech and autonomy startups.

A black and white front view of a private jet inside a hangar

Colorado ONE Fund, the venture arm of ONE Funds, made a seed investment of undisclosed size in veteran-founded Code19 Autonomy. The money backs Maveric AI, autonomy software for fast-moving systems whose first job is intercepting maneuvering airborne threats, and the Maveric Interceptor built on it.

A large jet engine sitting on top of an airport tarmac

High-altitude payload maker Aventra raised $17.5 million led by Konvoy Ventures, spacecraft developer Fortastra closed a $30 million Series A led by First In, and military logistics software firm Gallatin AI raised a $50 million Series A. Booz Allen’s venture arm and RTX Ventures were among the other investors.

A black and white front view of a private jet inside a hangar

Seven firms, including DroneShield and L3Harris WESCAM, received $500 million awards, with smaller awards to Echodyne, PVP Advanced EO Systems and SmartShooter; only about $50 million was obligated up front. Army officials say total counter-drone awards now top $5 billion, and the ceiling could reach $7 billion.

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