General Electric’s technology development arm will use 5G-enabled technologies to develop “smart warehouses” at two military installations that support the deployment of supplies and other resources for critical missions worldwide. GE Research's two projects worth $36 million combined are part of the Department of Defense’s $600 million 5G experimentation initiative announced in October and will take place at the Naval Base in San Diego and Marine Corps Logistics Base in Albany, Georgia.More
Al Weggeman, a professional with over two decades of engineering and manufacturing sector experience, has been appointed CEO of weapons training technology maker InVeris Training Solutions. The Pine Island Capital Partners portfolio company said Tuesday that Weggeman most recently served as president of chemical detection technology manufacturer Block Engineering and he will officially assume his new role on April 5.More
Artificial intelligence platform maker Torch.AI has secured $30 million during a Series A funding round to support the company's efforts to drive its growth strategies. Torch.AI said Wednesday that the WestCap Group-led funding will help the company in scaling its Nexus AI software suite to address the mission requirements of clients including federal agencies.More
General Electric and Honeywell will help NASA develop turbofan engine technologies as part of a research project to potentially increase the energy efficiency of core power systems for commercial transport and hybrid-electric aircraft. NASA said Friday it entered into separate agreements with the two companies to explore power extraction approaches for the Hybrid Thermally Efficient Core initiative.More
A new Research and Markets forecast says increasing demand for new aircraft and use of unmanned aerial vehicles worldwide will be among the factors that will drive 3D printing growth in the aerospace sector over the next seven years. The global market for aerospace 3D printers reached a value of $1.12B last year and is projected to experience a 25.3 percent compound annual growth rate to hit $6.81B by 2027.More
General Electric's power conversion business has secured a $40M sole-source contract to provide propulsion systems for national security training ships to be used by the Department of Transportation. The company said Monday it will provide systems that would power and propel a pair of National Security Multi-Mission Vessels, which will be used to train cadets on operational vessels at sea.More
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