Senator John Hoeven announced the Department of Defense increased Project ULTRA's contract ceiling to $100 million from $18 million.
Quiver AI Summary
Senator John Hoeven announced that the Department of Defense has increased the contract ceiling for Project ULTRA to $100 million, up from $18 million. This change, finalized in an agreement known as an "agreement in principle," allows for a broader collaboration between military services and private sector partners in developing drone technologies.
Hoeven stated, "This is a testament to the one-of-a-kind ecosystem we’ve built in our state," emphasizing North Dakota's leadership in unmanned aerial systems and counter-drone technology development. The higher funding is expected to facilitate more cost-effective and timely military capabilities, according to the senator.
The adjustments in funding will enable all military branches to leverage private sector expertise through Project ULTRA, enhancing Defense Department capabilities in critical technology areas.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
John Hoeven Net Worth
Quiver Quantitative estimates that John Hoeven is worth $59.6M, as of August 6th, 2025. This is the 19th highest net worth in Congress, per our live estimates.
Hoeven has approximately $0 invested in publicly traded assets which Quiver is able to track live.
You can track John Hoeven's net worth on Quiver Quantitative's politician page for Hoeven.
John Hoeven Bill Proposals
Here are some bills which have recently been proposed by John Hoeven:
- S.2256: Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2026
- S.1693: FARMER Act of 2025
- S.1485: North American Energy Act
- S.1377: Theodore Roosevelt National Park Wild Horses Protection Act
- S.1084: North Dakota Trust Lands Completion Act of 2025
- S.899: Producer and Agricultural Credit Enhancement Act of 2025
You can track bills proposed by John Hoeven on Quiver Quantitative's politician page for Hoeven.
John Hoeven Fundraising
John Hoeven recently disclosed $71.2K of fundraising in a Q2 FEC disclosure filed on July 15th, 2025. This was the 675th most from all Q2 reports we have seen this year. 52.9% came from individual donors.
Hoeven disclosed $44.7K of spending. This was the 699th most from all Q2 reports we have seen from politicians so far this year.
Hoeven disclosed $581.4K of cash on hand at the end of the filing period. This was the 432nd most from all Q2 reports we have seen this year.
You can see the disclosure here, or track John Hoeven's fundraising on Quiver Quantitative.
