Tag Archives: investment

Tony Moraco: Engility Purchase Allows SAIC to Pursue Larger-Scale Contracts in Space, Intell Markets

Tony Moraco, CEO of Science Applications International Corp., told The Washington Post in an interview published Sunday the added scale brought by the $2.5B acquisition of Engility allows SAIC to go after larger business opportunities and new markets in the federal government. “This allows us within this market to pursue and deliver on larger-scale contracts, predominantly in the space and intelligence markets, as well as mission assurance and spaceflight,” he said of the transaction.

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Boeing Invests in Satcom Terminal Developer Isotropic; Brian Schettler Quoted

Boeing’s venture capital arm has led a funding round to help Isotropic Systems bring to market its integrated satellite communications terminal. Brian Schettler, managing director of Boeing HorizonX Ventures, said in a statement published Wednesday the investment in Isotropic seeks to speed up the expansion of space-based connectivity services to the mass market.
 

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In-Q-Tel Invests in Immersive Wisdom’s Collaboration Tech

Intelligence community venture capital firm In-Q-Tel has invested in and partnered with Immersive Wisdom to further develop the latter company’s virtual and intelligence platform for government applications. Immersive Wisdom designed its software to help users access information in real time and view live 3D maps through a shared virtual workspace, IQT said Tuesday. The …

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Harris Eyes $125M Investment to Back R&D Projects in Florida; William Brown Quoted

Harris plans to make an investment worth over $125M in research-and-development projects in Florida to support tech innovation and talent recruitment efforts in the state. The company said Monday R&D initiatives will focus on robotics, avionics, small satellite units and electronic warfare and will occur at the firm’s facilities in Central Florida in support …

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AM General Invests in Artillery Tech Firm Mandus

AM General has invested in Rock Island, Ill.-based artillery products and support services provider Mandus Group in a move accelerate the delivery of vehicle-mounted weapons systems to the U.S. Army. AM General said Thursday it aims to expand its integrated mission systems portfolio and  leverage manufacturing and technology platforms centered in the state’s Quad Cities region …

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Defense Contractors Invest in Small Satellites; Raytheon’s Dave Wajsgras Quoted

Some defense companies such as Raytheon, Lockheed Martin and Boeing have made investments in startups that develop small satellites as the Pentagon and intelligence agencies work to counter space security threats through the use of Cubesats, the Washington Post reported Sunday. Raytheon announced a partnership with Herndon, Va.-based satellite firm HawkEye …

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StackRox Secures In-Q-Tel Investment for Container Security Tech Dev’t

In-Q-Tel has made a strategic investment in StackRox to help the Mountain View, Calif.-based technology firm further develop a software platform designed to protect containerized applications from cyber threat actors. StackRox said Wednesday its Container Security Platform works to thwart malicious activities and ensure compliance of the container environment with security …

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EY Plans $1B Tech Investment for Innovation Push; Mark Weinberger Comments

Global professional services company EY has announced plans to spend $1 billion to develop cloud-based platforms and managed service offerings intended for both the public and private sectors. EY said Sunday the two-year investment effort will support the creation of technology products, client services, innovation programs and the company’s ecosystem across the software, audit, …

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Cubic, Delerrok Form Cloud Transit Mgmt Service Partnership; Bradley Feldmann Comments

Cubic‘s transportation systems business will collaborate with Delerrok to offer cloud-based electronic ticketing systems to transit agencies under an investment and alliance agreement. The partnership seeks to integrate Delerrok’s TouchPass electronic fare collection technology with Cubic’s Transit Management as a Service platform in an effort to help operators simplify the …

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