🚀 Ursa Major goes public at $2.3B

Ukraine debuted the Magura MV11, its largest uncrewed surface vessel to date, carrying 18 vertically launched Sting interceptors as a floating counter-drone battery.

The MV11 hauls payloads up to 4,850 pounds, runs open-ocean missions lasting a week, and mounts a camera turret, navigation radar, and satellite communications terminals.

Forward-deployed MV11s could thin Russian drone barrages far out in the Black Sea, easing pressure on Ukraine's strained land-based air defense batteries.

Ursa Major will merge with Bleichroeder Acquisition Corp. III in a transaction valuing the hypersonics and solid rocket motor maker at roughly $2.3 billion.

The deal carries at least $350 million in committed capital and is expected to close on the Nasdaq in the first quarter of 2027.

Proceeds target production expansion across solid rocket motors, the HAVOC missile system, and liquid hypersonic engines as the Pentagon hunts for second-source suppliers.

The Navy disclosed the AIM-424 Long Range Air-to-Air Missile, known as Malice, at the Tailhook Symposium, with a stated range beyond 250 nautical miles.

Raytheon built the 1,500-pound weapon around a solid-propellant motor and blast-fragmentation warhead, and the missile is already deep into flight testing.

Malice is sized for the F/A-18E/F, F-35C, and future F/A-XX, pushing naval engagement reach well past the AIM-120 and AIM-260.

Chariot Defense landed a $7 million Defense Innovation Unit contract for Amphora, a software-defined power system built for Army brigade formations.

Amphora manages energy from existing tactical generators, solar arrays, and vehicles, which the company says cuts fuel use up to 60 percent and extends silent operations to 36 hours.

Deliveries reach Arctic-based Army brigades this fall under the Portable Resilient Integrated Storage Module program, with data feeding command-and-control networks.

New White House space transportation policy sets a goal of more than 1,000 U.S. launches and reentries by 2030.

The Transportation Department, working with the Pentagon and NASA, has 180 days to fold launch and reentry management into air traffic control modernization and designate priority launch corridors.

Federal ranges must publish schedules and accommodate commercial users, tying orbital access directly to an air traffic overhaul already under funding and contractor strain.

Army Cyber Command stood up a Joint Integrated Fire Cell during Operation Epic Fury, replicating a construct first used ahead of the Venezuela operation.

Lt. Gen. Christopher Eubank said the cell let Joint Force Headquarters tap Army Cyber's capacity directly, surging intelligence support without pulling the headquarters off other missions.

Vice Adm. Heidi Berg had called the earlier version instrumental during the Maduro raid, and its reuse points toward a standing model for timing cyber effects to commanders' tempo.

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