Latest Federal & Government Contracting Companies' News Coverage
Boeing has invested in Gamma Alloys to help the Valencia, California-based firm further develop advanced metal-matrix composites for various applications within the automotive, aerospace and other industries. Boeing said Wednesday it made the investment via its HorizonX ventures arm and collaborated with Gamma Alloys to develop advanced materials and machining technologies. Mark Sommer, CEO of […] More
Jeff Matthews, formerly director of venture strategy and research at the Space Frontier Foundation, has joined Deloitte Consulting LLP as a specialist leader. Matthews will lead Deloitte“™s space innovation and technology workforce advancement efforts, the company said Tuesday. “Jeff“™s creative and collaborative work with leaders from startups, nonprofits, venture capital firms and industry organizations mirrors our own […] More
Boeing has invested in C360 Technologies to help the Pittsburgh, Pennsylvania-based technology company develop and integrate live and on-demand augmented and virtual reality applications on multiple platforms. C360 raised $3.5 million during a recent oversubscribed series fundraising round from investors BlueTree Capital, Boeing’s HorizonX venture arm, MI-12 and Pasadena Angels, Boeing said Wednesday. “It’s extremely gratifying that Boeing HorizonX has […] More
BAE Systems plans to establish a defense hub in Victoria, Australia, to consolidate the company’s aerospace, land and maritime businesses. The facility will be built in Melbourne’s Fishermans Bend and accommodate up to 1000 engineers and technicians who will design, produce and maintain defense technology platforms for Australian military customers, BAE said Monday. BAE’s aerospace […] More
Lockheed Martin‘s Sikorsky subsidiary has awarded a five-year contract to Kaman to produce cockpits for two variants of the H-60 Black Hawk helicopter. Kaman said Monday its aerospace business will build model cockpits at a company facility in Jacksonville, Florida, for integration into UH-60M multimission helicopters and HH-60M medical evacuation mission units from 2018 through 2022. “Kaman is honored to be Sikorsky“™s […] More
Ian King, former CEO of British defense contractor BAE Systems, has joined Gleacher Shacklock as a senior adviser to help build up the investment banking firm’s presence in the aerospace and defense sectors. He has more than 40 years of industry experience that includes leadership of BAE for the past nine years, Gleacher Shacklock said Tuesday. “I have […] More
The venture businesses of Boeing and Verizon have invested in SparkCognition to help the Austin, Texas-based company further develop information technology applications through artificial intelligence and machine learning methods. Boeing said Monday its ventures arm HorizonX joined an investment group, led by Verizon Ventures, to support a $32 million initial funding round for SparkCognition. SparkCognition develops machine learning and analytics tools […] More
Guardtime‘s federal business has been chosen by Lockheed Martin to help incorporate blockchain technology and other cyber elements into the latter’s software development, supply chain risk management and systems engineering efforts. Lockheed said Thursday it wants to adopt Guardtime Federal’s Black Lantern appliances and Core blockchain infrastructure as part of efforts to secure developmental processes. Ron Bessire, vice president of engineering and technology […] More
Boeing has unveiled a new venture capital arm that will work to invest in new aerospace technologies, manufacturing techniques and business models in efforts to facilitate innovation, expansion and disruptive market opportunities. The company said Wednesday Steve Nordlund, vice president of strategy for the defense, space and security business, will take the role of VP at Boeing HorizonX. […] More
A Frost & Sullivan report predicts the Defense Department‘s foreign military sales program will experience a compound annual growth rate of 3.4 percent through 2021 as international government customers move to increase defense spending, update military equipment and respond to regional tensions. The research firm said Monday it found that ground-based air defense, fighter aircraft and tactical vehicle systems are the most requested and delivered […] More
Mercury Systems has introduced a set of products designed to help address mission computing, avionics and platform management requirements of defense and commercial aerospace organizations. The Mercury Mission Systems product line is comprised of avionics-certified Ethernet and input/output systems, command and control processors, flight test computers, graphics and video processing, mission computers and primary flight control units, the company said Thursday. The portfolio […] More
Stan Crow, former director of Northrop Grumman‘s aerospace systems business in Japan, has been named chief executive of the company’s operations in that country. Northrop said Tuesday Crow will report to Dave Perry, corporate vice president and chief global business development officer, and lead the company’s development, growth and partnership efforts in Japan. Crow succeeded Jack Dorsett, who […] More
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