➀ Lockheed Martin has completed its TacSat satellite, a specialized sensing and communication demonstration; ➁ The satellite is set to launch in 2025 and will demonstrate 5G.MIL capabilities; ➂ It includes an infrared sensor and aims to improve connectivity for military space assets.

➀ Q-CTRL, an Australian quantum infrastructure software specialist, has raised $113 million in Series B funding with $59 million in new capital. The round was led by GP Bullhound and included new investors such as Alpha Edison, Lockheed Martin Ventures, and NTT Finance. ➁ Q-CTRL's founder and CEO, Michael Biercuk, emphasizes the importance of software as a key enabler for quantum hardware across various applications. ➂ The funding will be used to expand Q-CTRL's investment in quantum control R&D and product engineering to serve a growing list of clients, including Fortune 500 companies, government departments, and quantum platform providers.

➀ Lockheed Martin has agreed to acquire Terran Orbital, a satellite manufacturer, for approximately $450 million. ➁ The deal includes acquiring Terran Orbital for $0.25 in cash per share and retiring its existing debt, along with establishing a $30 million working capital facility. ➂ The acquisition aims to expand Lockheed Martin's advanced satellite manufacturing and responsive space capabilities, leveraging Terran Orbital's expertise and Lockheed Martin's resources.

1. DARPA awards Lockheed Martin a $4.6 million contract to develop AI tools for airborne missions. 2. The project involves advanced Modeling and Simulation (M&S) and AI agents for live, multi-ship, beyond visual range (BVR) missions. 3. The AI tools will be developed over an 18-month period and aim to enhance tactical autonomy in air combat missions.