Deep Medicine Acquisition (DMAQ), a publicly traded special purpose acquisition company, and TruGolf announced that they have entered a definitive merger agreement. The transaction reflects an implied enterprise value for TruGolf of $125 million, which includes up to approximately $45 million of contingent consideration if certain milestones are met. The transaction consideration will be paid in newly issued shares of common stock of DMAQ. Upon completion of the transaction, DMAQ will be renamed "TruGolf, Inc." and will be listed on the Nasdaq Stock Market and its shares of common stock will trade under the trading symbol (TRUG).

Li Auto "announced that the Company delivered 20,823 vehicles in March 2023, surpassing the 20,000 monthly delivery mark again and representing an increase of 88.7% year over year. This took the Company's first quarter deliveries to 52,584, up 65.8% year over year. The cumulative deliveries of Li Auto vehicles reached 309,918 as of the end of March." CEO Xiang Li says: "We have commenced deliveries of Li L7, our five-seat flagship family SUV, and are pleased to hear from its first users that their satisfaction with the vehicle has exceeded their expectation. As of the end of March, we delivered over 300,000 vehicles cumulatively, the fastest among China's premium NEV manufacturers to achieve this milestone. We are also very excited to see that Li Auto has captured nearly 20% market share in the RMB300,000 to RMB500,000 SUV market in China, and become a brand of choice among premium family SUVs, demonstrating our product strengths and users' widespread recognition. Finally, we will begin to deliver Li L7 Air and Li L8 Air in April."

Northrop Grumman is being issued a $153M not-to-exceed undefinitized contract action to a previously awarded contract to support the development and production of five subscale MBRV-11 vehicles. The value of this contract is increased from $353.79M to $506.79M. Under this modification, the contractor will procure, manufacture, and assemble hardware and perform required testing. NGSC will also support launch vehicle integration, launch execution, and pre- and post-flight activities. The work will be performed in Chandler, Arizona; and Redstone Arsenal, Alabama. The performance period is from March 2023 through September 2027. FY23 research, development, test and evaluations funds will be used on this effort; the initial funding amount is $6.06M. A request for information was posted on SAM.gov and three responses were received. The three responses were evaluated during market research and only one source was identified as able to fulfill the agency's requirement. The Missile Defense Agency is the contracting activity.

General Dynamics was awarded a $105.78M modification to contract for tank-training ammunition. Bids were solicited via the internet with three received. Work will be performed in St. Petersburg, Florida, with an estimated completion date of June 2, 2025. FY23 procurement of ammunition, Army funds in the combined amount of $105.78M were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity.

Northrop Grumman was awarded a $122.61M modification to contract for tank-training ammunition. Work will be performed in Plymouth, Minnesota, with an estimated completion date of Aug. 19, 2025. Fiscal 2021, 2022 and 2023 procurement of ammunition, Army funds in the amount of $122.61M were obligated at the time of the award. U.S. Army Contracting Command, Rock Island Arsenal, Illinois, is the contracting activity.

Parsons was awarded a $164M firm-fixed-price contract for design completion and construction of a new explosives decomposition chamber facility. Bids were solicited via the internet with one received. Work will be performed in Kingsport, Tennessee, with an estimated completion date of March 20, 2027. FY22 procurement of ammunition, Army funds in the amount of $164M were obligated at the time of the award. U.S. Army Corps of Engineers is the contracting activity.

Lockheed Martin was awarded a $439.46M hybrid contract for the manufacture and delivery of air-to-ground missile systems. Bids were solicited via the internet with one received. Work will be performed in Orlando, Florida, with an estimated completion date of Sept. 30, 2025. Fiscal 2021 and 2022 missile procurement, Army funds; fiscal 2021 and 2022 missile procurement, Air Force funds; fiscal 2021 and 2022 weapons procurement, Navy funds; and 2023 Foreign Military Sales funds in the amount of $439.46M were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity.

Rolls-Royce was awarded a $714.03M firm-fixed-price, indefinite-delivery/indefinite-quantity contract for T108 AE2100 engine sustainment. This contract provides for the technical, logistics, engineering, maintenance, repair, and overhaul services required to provide long-term sustainment of the C-130J R391 propeller, nacelle, the powerplant assembly, whole engines, and line replaceable units. Work will be performed at Robbins Air Force Base, Georgia, within the contiguous U.S., and outside the contiguous U.S., and is expected to be complete by November 30, 2032. This contract was a sole source acquisition. FY23 operations and maintenance funds in the amount of $20.39M will be obligated at the time of award. The Air Force Life Cycle Management Center is the contracting activity.

Boeing was awarded a $994M ceiling, indefinite-delivery/indefinite-quantity, firm-fixed-price contract for C-32A and C-40B/C aircraft contractor logistics support services. This contract provides for program management, aircraft base and depot maintenance, engine maintenance, modifications, and modification support. Work is expected to be completed by March 31, 2033. FY23 operations and maintenance funds in the amount of $1.19Mare being obligated at the time award for the first task order. This contract was a competitive and two offers were received. The Air Force Life Cycle Management Center is the contracting activity.

Raytheon was awarded an $113.63M firm-fixed-price modification to a previously awarded contract for MK 15 close-in weapon system, or CIWS, upgrades and conversions, system overhauls, and associated hardware. Work is expected to be completed by September 2026. The Naval Sea Systems Command is the contracting activity.

BAE Systems was awarded a $132.49M firm-fixed-price modification to previously awarded contract for MK 41 vertical launching system, or VLS, canister production and ancillary hardware. Work is expected to be completed by November 2025. The Naval Sea Systems Command is the contracting activity.

Raytheon Technologies was awarded a $212.68M fixed-price incentive modification to a previously awarded contract. This modification definitizes the existing contract and extends the period of performance to provide continued recurring sustainment, program management, financial and administrative, propulsion integration, engineering, material management, configuration management, software sustainment, security management, equipment management and product management support activities. Additionally, this modification definitizes and extends the period of performance to continue to provide joint technical publication updates, training, depot level maintenance and repair for all fielded propulsion systems at the F-35 production sites and operational locations for the Navy, Marine Corps, Air Force, non-U.S. Department of Defense partners, and Foreign Military Sales customers. Work is expected to be completed in November 2023. The Naval Air Systems Command is the contracting activity.

Marathon Digital announced that CFO Hugh Gallagher has informed the company that he intends to retire effective May 12. The company has initiated an external search for a new CFO.

Northrop Grumman was awarded a $235.9M firm-fixed-price modification to previously awarded contract to exercise an option for production of Surface Electronic Warfare Improvement Program Block 3 Hemisphere Systems. Work is expected to be completed by December 2025. The Naval Sea Systems Command is the contracting activity.