ExecutiveBiz News on Video 12/23/2021

Lockheed Martin‘s space business has received a $70.1 million U.S. Navy award that exercises options for the production and support of Trident II submarine-launched ballistic missiles. The Trident D5 work under the contract modification will take place mostly in Cape Canaveral, Florida, with other locations in the U.S. and Italy, and it is expected to […]

Raytheon Technologies‘ (NYSE: RTX) Collins Aerospace has received a $146.79 million order from the U.S. Air Force to supply airborne intelligence, surveillance and reconnaissance sensor pods to Taiwan as part of a foreign military sales agreement. USAF awarded the order under an indefinite-delivery/indefinite-quantity contract for MS-110 Tactical Reconnaissance Pod manufacturing and testing services, the Department […]

Red Cat Holdings‘ Teal Drones subsidiary has landed a spot on a five-year, $90 million blanket purchase agreement to provide the U.S. Customs and Border Protection with unmanned aircraft systems. Drones delivered under the multiple-award BPA will support reconnaissance and surveillance activities for field agents and commanders with no immediate access to traditional surveillance systems, […]

Technology research company Gartner predicts that 20 percent of large enterprises will use digital currencies by 2024 for payments, collateral or stored value. “Increasing mainstream acceptance of cryptocurrencies on traditional payment platforms and the rise of central bank digital currencies will push many large enterprises to incorporate digital currencies into their applications in the coming […]

Satellogic will add six new members to its board of directors upon becoming publicly listed through the geospatial company’s merger with CF Acquisition Corp. Marcos Galperin, Jenette Ramos, Brad Halverson, Dava Newman, Tarun Bhatnagar and Robert Bearden will work with Ted Wang, incoming chairman, and Emiliano Kargieman, CEO of Satellogic, on the board, the company […]

Bechtel National has secured an $81.9 million contract modification to help the U.S. Army shut down a Colorado-based facility that has been a venue for destroying chemical weapon stockpiles. The company will support the closure of the Pueblo Chemical-Agent Destruction Pilot Plant, which houses safe destruction of chemical weapons stored at the Army’s depot in […]

The Defense Advanced Research Projects Agency has collaborated with the Semiconductor Research Corp. and a consortium of defense and semiconductor companies to launch the second iteration of the Joint University Microelectronics Program. JUMP 2.0 will support research that addresses new and emerging challenges facing microelectronics and other information and communications technologies as outlined in the […]

USS Jack H. Lucas, a Huntington Ingalls Industries-built guided missile destroyer for the U.S. Navy, started its combat system testing more than half a year after it was launched from the shipbuilder’s location in Pascagoula, Mississippi. The destroyer being integrated with AN/SPY-6(V)1 air and missile defense radar from a Raytheon Technologies business recorded Aegis system […]

Redpoint Cybersecurity has appointed cyber professionals Violet Sullivan as vice president of client engagement, Wesley Ellis as VP of cyber risk advisory and Jeremy Leasher as director of digital forensic and incident response. The new appointees will join the executive team of the New York, New York-based forensics, incident response and cloud security company to […]

Virgin Orbit has signed contracts to provide up to five launches for the satellites of Arqit Quantum and gain the license to use the U.K.-headquartered company’s quantum encryption platform-as-a-service. Starting in 2023, Virgin’s LauncherOne air-launched vehicle will deliver to space two Arqit satellites that would serve as a source of randomness for data centers powering […]