Latest Federal & Government Contracting Companies' News Coverage
The Department of Defense has awarded contracts through the Industrial Base Analysis and Sustainment and Defense Production Act Title III programs in a push to reduce supply chain vulnerabilities associated with the production of kinetic weapons systems for national security use. The office of the assistant secretary of defense for industrial base policy within the […] More
A venture capital partnership between Boeing and AE Industrial Partners participated in a recent seed funding round for Solestial, which is developing solar panel technology designed to power satellites. The investment marks AEI HorizonX’s maiden outlay in its second venture fund that backs startup companies in the space, mobility, digital enterprise, security, networking and sustainability […] More
Albers Aerospace has made an investment in Lusby, Maryland-based Hop Flyt to help the latter further improve the design, develop and produce military versions of its electrical vertical takeoff and landing aircraft, ExecutiveBiz has learned. Hop Flyt is working on military versions of three unmanned aircraft systems – Squall, Cyclone and Vortex – and Albers […] More
OpenFin has entered into a strategic partnership with In-Q-Tel, the intelligence community’s venture capital arm, in a push to establish its presence in the government sector. The move marks OpenFin’s first large-scale venture supporting the federal government and expands the use cases of its operating system for enterprise productivity, the company said Tuesday. OpenFin offers […] More
Terran Orbital has been granted a $100 million investment from Lockheed Martin following its entry into a note and warrant purchase agreement with the defense contractor and is planning to use the funding to expand its advanced satellite product manufacturing capabilities. The partnership aligns with a new strategic cooperation agreement that will provide Lockheed with […] More
Micron Technology has signed a framework detailing its initial commitments to the community and workforce in New York where its semiconductor fabrication facility will be built using $100 billion in investments over a minimum period of two decades. The chip manufacturer said Thursday it is teaming up with Empire State Development to manage the Community […] More
Robert Lightfoot, executive vice president of Lockheed Martin‘s space division, said the aerospace and defense company aims to enter into partnerships with smaller space technology developers to speed up engineering and manufacturing efforts, SpaceNews reported Tuesday. Speaking at the Satellite Innovation conference in California, the former NASA acting administrator said Lockheed partners and invests in […] More
H55, a Swiss developer of electric propulsion and battery systems, has received a minority investment from Raytheon Technologies’ venture capital business unit. The financing builds on the companies’ existing collaboration aimed at advancing the development of sustainable aviation technologies, Raytheon said Tuesday. RTX Ventures is currently in partnership with H55 for the development and demonstration […] More
IBM has announced plans to invest $20 billion in the state of New York’s Hudson Valley Region over the next decade to advance discoveries in the field of semiconductors, quantum computers, hybrid cloud and artificial intelligence. The announcement coincides with the visit of President Joe Biden to IBM’s manufacturing site in Poughkeepsie, New York, the […] More
Rapidflight, an end-to-end designer and manufacturer of unmanned aircraft systems, will invest $5.5 million to build its operations in Manassas, Virginia. The company said Friday it will establish its headquarters as well as design and production facility in the city, taking up 25,000 square feet of space and creating 119 new jobs. Rapidflight Founder and […] More
Lockheed Martin is investing $100 million in a new project aimed at developing and demonstrating human-machine teaming technologies to enable uncrewed aerial platforms to operate autonomously alongside crewed systems. The company said Project Carrera will pair survivable F-35 fighter jets with modular unmanned aerial systems including Skunk Works’ Speed Racer drone to demonstrate distributed teaming […] More
Apple and satellite communications company Globalstar have teamed up to establish a satellite network that will provide the former’s iPhone 14 family with messaging service capability from remote places lacking traditional cellular infrastructure, The Wall Street Journal reported Friday. The Emergency SOS feature of iPhone 14 models will allow for emergency satellite service via the […] More
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