Attalon plans new headquarters
Philadelphia-based Attalon, a defense technology company, plans to build a more $30 million 80,000-square-foot facility that will serve as the company’s new headquarters, consolidate its domestic cr...
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Philadelphia company enters agreement to support U.S. Navy Submarine industrial base
Philadelphia-based Rhoads Industries, Inc. announced it had entered into a long-term agreement with General Dynamics Electric Boat to provide advanced manufacturing and shipbuilding support services f...
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Credit: Philly Shipyard
Sen. McCormick-led defense summit draws $10B in commitments, 4,000 new PA jobs
Pennsylvania is at the heart of the nation's defense, and a wave of 30 investments announced this week reflect the continuing drive to keep the state at the forefront. Nearly $10 billion in investm...
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Philadelphia-based ZeroEyes announces $10M investment in AI R&D
Analytics weapons detection and threat intelligence platform ZeroEyes, based in Philadelphia, announced it will invest $10 million into AI/ML research and development. The company said the investm...
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Impossible Metals picks Pittsburgh for new robotics hub
Impossible Metals Inc. said Wednesday it plans to open an Advanced Marine Robotics Hub in Pittsburgh, where the manufacturing company will develop autonomous underwater technology aimed at collecting ...
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Philly lands $24M JPMorganChase investment to boost Navy Yard shipbuilding jobs
JPMorganChase is investing $24 million to help expand shipbuilding and maritime manufacturing in Philadelphia, backing new workforce training, small business suppliers, and a major Navy Yard manufactu...
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Credit: Voyager Technologies
Voyager Technologies completes acquisition of Astrobotic
Voyager Technologies has completed its acquisition of Pittsburgh-based Astrobotic Technology, a move that coincides with a new $298 million NASA contract to support the agency’s lunar exploration ef...
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Bill supporting nuclear energy development passes General Assembly
Legislation supporting nuclear development in Pennsylvania passed through the General Assembly this week and is headed to the desk of Gov. Josh Shapiro The legislation, H.B. 2017, would make the c...
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Approved state budget advances Yaw’s energy agenda
Pennsylvania lawmakers approved a series of energy policy measures as part of the 2026-27 state budget that Pennsylvania Sen. Gene Yaw (R-23) said will bolster the state's energy industry, improve ele...
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Fulton Financial merges Blue Foundry Bank into Fulton Bank
Lancaster-based Fulton Financial Corp. has completed the merger of Blue Foundry Bank into Fulton Bank, along with the conversion of Blue Foundry Bank's systems to Fulton Bank's banking platform. “W...
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Pittsburgh-based Eos Energy appoints new board of directors
Eos Energy Enterprises, Inc., headquartered in Pittsburgh announced it had appointed Haiyan Song to its Board of Directors. The zinc-based long-duration energy storage (LDES) company said the Song...
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Gentex receives U.S. Army contract for helmets
The U.S. Army Contracting Command – Redstone recently awarded Carbondale-based Gentex Corp., a flight equipment supplier, with a five-year indefinite delivery, indefinite quantity contract with a po...
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PA Republicans, business group tout tax breaks in newly signed budget
Pennsylvania Senate Republicans are claiming victory after Gov. Josh Shapiro signed the state's $50.85 billion budget for fiscal year 2026-27 on Sunday, saying they reshaped the governor's original sp...
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MSA Safety purchases Norwegian alarm company
Cranberry Township-based MSA Safety Incorporated, an industrial safety technology products and solutions company, recently completed its purchase of Norway-based Autronica Fire and Security, an alarm ...
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PNC introducing updated mobile app in phases
PNC Bank, a member of The PNC Financial Services Group, one of the largest diversified financial services institutions in the United States, is introducing a new mobile banking app in a phased rollout...
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Legislation to grow energy production in Pennsylvania introduced
Pennsylvania state Rep. Mike Armanini (R-Clearfield) said recently he is working on legislation affecting environmental permitting as part of an 11-bill package designed to lower energy costs and expa...
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U.S. Energy Department announces up to $150M funding opportunity for oil, gas projects
The U.S. Department of Energy’s (DOE) Hydrocarbons and Geothermal Energy Office (HGEO) announced a funding opportunity for cost-shared projects for the U.S. oil and natural gas industry. The fun...
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Mitsubishi Chemical Advanced Materials expanding in Berks County
Mitsubishi Chemical Advanced Materials, a subsidiary of Japan-based Mitsubishi Chemical Group, plans to invest $20.3 million to expand its Reading operations. “This investment reflects Mitsubishi...
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Ampco-Pittsburgh orders total $268M for first half of 2026
Carnegie-based Ampco-Pittsburgh Corp., a manufacturer of high-performance specialty metal products and customized equipment, recently announced that customer order activity for the first half of the y...
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FORE Biotherapeutics closes $67.4M funding round to advance cancer drug
Philadelphia-based oncology company FORE Biotherapeutics recently closed on an upsized $67.4 million Series D-2 extension financing, bringing the total Series D-2 funding raised to $110 million. Proce...
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