Trump’s Sons Are Making Billions on Defense Department Contracts The New Republic
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Sierra Space has secured a $798 million Firm Fixed Price Other Transactional Agreement from the Space Development Agency to provide 18 satellites for the Accelerated Missile Defense Tranche 3 tracking layer. This contract tasks the company with the design, manufacture, and delivery of advanced missile warning and defense assets to support the Golden Dome for America initiative. The award reinforces Sierra Space’s role as a prime contractor and mission integrator within the U.S. Space Force’s Proliferated Warfighter Space Architecture.
July 13, 2026Startup Arkenstone Defense has launched with $35 million in seed funding to help commercial technology companies navigate the complex requirements of the US federal market. The firm's platform integrates essential back-office functions like compliance, security, and contracting support to reduce the administrative burden on new defense entrants. This launch reflects a broader Department of Defense trend toward lowering barriers for non-traditional suppliers to deliver transformative technology to national security programs.
July 13, 2026The U.S. Department of Justice has reached a settlement exceeding $500,000 with a defense contractor to resolve allegations of cybersecurity noncompliance under the False Claims Act. The contractor allegedly failed to implement mandatory security controls for protecting Controlled Unclassified Information while continuing to bill the Department of the Navy over a four-year period. This enforcement action highlights the government's increasing use of fraud statutes to penalize defense firms that misrepresent their adherence to mandatory cybersecurity frameworks.
July 11, 2026The U.S. Department of War has released its daily list of contract awards for July 8, 2026. These announcements typically detail major procurement actions, modifications, and service agreements across various military branches. For defense contractors, these daily releases are critical for tracking competitive wins and shifts in departmental spending priorities.
July 10, 2026