Chemring-Northrop Partnership, Tokamak Energy Fusion Advances, iCOMAT Funding Success

The Business Magazine Newscast

These are the top stories making the headlines across The Business Magazine website today:

Hampshire's Chemring strengthens ties with Northrop Grumman with new deal

Hampshire-based defence group Chemring has solidified its partnership with Northrop Grumman through a new 15-year deal involving its subsidiary Chemring Nobel, which will supply HMX energetic material for Northrop's missile programs.

Full story here: https://thebusinessmagazine.co.uk/companies/hampshires-chemring-strengthens-ties-with-northrop-grumman-with-new-deal/

Tokamak Energy to use Tokamak simulator SOPHIA for fusion tests

Oxford’s Tokamak Energy plans to leverage the digital simulator SOPHIA for upcoming fusion tests to enhance the efficiency and speed of physical experiments with their 100 million degrees Celsius fusion machine, the ST40, aiming to commercialize fusion energy by the 2030s.

Full story here: https://thebusinessmagazine.co.uk/companies/tokamak-energy-to-use-tokamak-simulator-sophia-for-fusion-tests/

Bristol's iCOMAT raises more than £17 million to automate advanced composite manufacturing

iCOMAT, a University of Bristol spin-out specializing in advanced composite manufacturing for aerospace and automotive industries, has secured £17.6 million in Series A funding to enhance its fibre-steering technology and Rapid Tow Shearing (RTS) process, aiming to deliver lighter, cost-effective transport solutions.

Full story here: https://thebusinessmagazine.co.uk/technology-innovation/bristols-icomat-raises-22-5m-to-automate-advanced-composite-manufacturing/