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# 🚀 Space and Defense #7
- URL: https://newsletters.qs.com/space-and-defense-7/
- Published: 2024-09-09T11:30:37.000Z
- Updated: 2024-10-17T08:17:58.000Z
- Description: HolonIQ's Space and Defense Newsletter covers the latest developments in defense contracts, national defense agreements, and space tech evolution, and looks at the top space deals.
- Author: QS
- Tags: Advanced Manufacturing

**Happy Monday 👋**   
  
Multiple national defense partnerships were established over the past week. Notably, the Philippines and Vietnam will sign a [defense MOU](https://asia.nikkei.com/Politics/International-relations/South-China-Sea/Philippines-and-Vietnam-plan-to-seal-defense-MOU-this-year?ref=newsletters.qs.com) this year amid South China Sea tensions. Japan seeks [$2.2B](https://japannews.yomiuri.co.jp/politics/defense-security/20240901-208519/?ref=newsletters.qs.com) for a satellite constellation to boost missile guidance and surveillance in its 2025 defense budget. NASA's SBIR Ignite Phase II grants [nine small businesses](https://executivegov.com/2024/08/nasa-sbir-ignite-phase-ii-9-awardees/?ref=newsletters.qs.com) up to $850,000 each for technologies in space and exploration. Safran has acquired AI company Preligens for $240M to [boost its capabilities](https://www.armyrecognition.com/news/army-news/army-news-2024/safran-completes-acquisition-of-ai-specialist-preligens?ref=newsletters.qs.com#google%5Fvignette) in military, space, and civil sectors.

## **🤝** National Defense Agreements  

**👥 The Philippines and Vietnam plan to sign an MOU on defense cooperation.** The most comprehensive security pacts between the countries significantly [strengthened](https://asia.nikkei.com/Politics/International-relations/South-China-Sea/Philippines-and-Vietnam-plan-to-seal-defense-MOU-this-year?ref=newsletters.qs.com) relations between the two Southeast Asian nations.

**💪 The Australian and Indonesian defense ministers signed a new Defense Cooperation Agreement.** The agreement will [enhance](https://www.australiandefence.com.au/news/news/australia-and-indonesia-sign-defence-cooperation-agreement?ref=newsletters.qs.com) military collaboration, joint exercises, and personnel exchanges. It underscores the importance of their bilateral relationship for regional security and prosperity.

**⚔️ Indonesia and Cambodia enhanced their defense partnership, with Cambodia showing interest in Indonesian military equipment.** The discussions included broader political, economic, and cultural cooperation and joint efforts to [combat](https://www.armyrecognition.com/news/army-news/army-news-2024/cambodia-seeks-indonesian-military-equipment-as-defense-ties-strengthen?ref=newsletters.qs.com) human trafficking.

## **✈️** Defense Contracts  

**💥 The U.S. government has awarded a $1.3 billion contract to boost production of Javelin anti-tank missiles.** This follows a $7.2 billion deal from the previous year, [reflecting ongoing support](https://www.businessinsider.com/us-increase-spending-javelin-missiles-ukraine-war-taiwan-2024-9?ref=newsletters.qs.com) for Ukraine amid its war and heightened tensions with Taiwan.

**🔧 Japan's Defense Ministry has requested $2.2B to develop a "satellite constellation" for missile guidance as part of an initial $57.8B budget for fiscal 2025**. This investment [aims to enhance](https://japannews.yomiuri.co.jp/politics/defense-security/20240901-208519/?ref=newsletters.qs.com) counterattack capabilities, including improved surveillance and hypersonic missile production.

## **🪐** Space Tech Evolution  

**🛰️ Alabama-based Outpost Technologies signed a $33.2M contract to equip the US Air Force's Joint Precision Orbital Cargo spacecraft.** The [project](https://www.thedefensepost.com/2024/09/02/us-air-force-cargo-spacecraft/?ref=newsletters.qs.com) includes a heat shield, payload bus, and paragliding system to support hypersonic testing and reduce risks for military personnel.

**🔬 MagniX revealed a De Havilland DHC-7 retrofitted with electric powertrains for NASA's Electrified Powertrain Flight Demonstration program**, aiming to [reduce](https://www.militaryaerospace.com/home/article/55135460/magnix-announces-next-phase-in-nasas-efpd-program?ref=newsletters.qs.com) fuel consumption and promote sustainable aviation.

**🌍 NASA's SBIR Ignite Phase II program awarded grants to nine small businesses**, each receiving up to $850K to develop technologies for [future missions](https://executivegov.com/2024/08/nasa-sbir-ignite-phase-ii-9-awardees/?ref=newsletters.qs.com), such as wildfire detection, lunar mining, and space debris detection. This initiative supports advancements in deep space exploration and other critical missions.

## 💰Space Deals 

## 

**💵 Nucleus Security,** whichautomates vulnerability management, in a series A funding round, has secured investment from Dcode Capital. The [funding](https://pulse2.com/nucleus-security-funding-raised-from-dcode-capital/?ref=newsletters.qs.com) will enhance its unified vulnerability management platform, which consolidates data and simplifies cybersecurity for federal organizations

**🪙** **NxtQube**, a Nashik-based drone infrastructure company, raised [$2M](https://www.finsmes.com/2024/09/nxtqube-raises-seed-funding.html?ref=newsletters.qs.com#google%5Fvignette) in seed funding led by Venture Catalysts. The funds will enhance its operations in defense and enterprise sectors, focusing on autonomous drone docking stations and a battery-swapping module.

**💸 Safran** acquired **Preligens**, a French AI company, for [$240M](https://www.armyrecognition.com/news/army-news/army-news-2024/safran-completes-acquisition-of-ai-specialist-preligens?ref=newsletters.qs.com#google%5Fvignette). This acquisition aims to enhance Safran's AI capabilities in military surveillance, space communication, and civil aeronautics. 

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**Thank you for reading. Have a great week ahead!**  
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