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Pentagon conditionally commits $150 million to Stoke Space for second Cape Canaveral launchpad

The Pentagon has conditionally committed $150 million in financing to Stoke Space to build a second launchpad at Cape Canaveral. The commitment links federal support to the startup’s launch-infrastructure expansion, though the announcement provides no further details on the conditions or project timeline.

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Sierra Space hires L3Harris missile-unit CFO as it pivots toward defense

Sierra Space has appointed Daniel Gittsovich as chief financial officer, bringing in an executive who most recently held the same role at L3Harris Technologies’ missile solutions unit. The hire comes as the company pursues a shift toward defense, placing financial leadership alongside its strategic repositioning.

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