Lockheed Martin [LMT] on Wednesday said its venture capital arm has invested in an Australian capital firm that invests in high-technology companies. Lockheed Martin Ventures was part of a $132 million financing round in Main Sequence Ventures, which so far has made 12 venture capital investments in nine companies throughout Australia. For Lockheed Martin Ventures, […]
The Transportation Security Administration (TSA) last Friday solicited bids for its next-generation of carry-on baggage scanners that will be used at airport checkpoints with the promise of improving the experience for travelers while enhancing aviation security. The RFP is for Advanced Technology/Computed Tomography (AT/CT) systems, with AT systems representing the current technology deployed at airport […]
HawkEye 360 has completed out a nearly $15 million investment round led by Raytheon [RTN] that will help it accelerate development of its first cluster of commercial satellites that are expected to launch in 2019. In addition to Raytheon, the $14.9 million Series A-3 funding round includes the U.S. division of Japan’s Sumitomo Corp., and […]
Boeing [BA] on Monday said its venture arm HorizonX has made an investment in BridgeSat Inc., a small company developing satellite ground stations based on optical technology for secure, cost-effective transmission of large amounts of data between the stations and satellites. Boeing led a $10 million Series B investment that also includes the venture capital […]
Science Applications International Corp. [SAIC] Monday morning said it has agreed to acquire fellow government technology services provider Engility Holdings [EGL] in a $2.5 billion stock deal that gives it more scale and complementary capabilities and customer sets, including expansion in the intelligence area and military space market. SAIC said that once the deal closes, […]
After successfully getting the Transportation Security Administration (TSA) to terminate a potential $578 million contract with Peraton, incumbent contractor Leidos [LDOS] has received a potential $196.5 million bridge contract from the agency to continue providing maintenance for airport checkpoint screening equipment while a new competition is held. TSA last week said the bridge contract runs […]
Telescope Under Microscope. The House Appropriations Committee is scheduled to discuss NASA’s budget-busting James Webb Space Telescope in a hearing Thursday. The open hearing is set for 10:30 a.m. Eastern time. Invited witnesses are Thomas Zurbuchen, associate administrator for NASA’ss Science Mission Directorate, and Tom Martin, the former Lockheed Martin executive chairing the agency-chartered independent […]
DULLES, Va.–The authority that oversees Dulles International and Reagan National airports near Washington, D.C., on Thursday unveiled its own design of a facial recognition system that it will deploy to both airports this fall to meet a government mandate that all foreign nationals departing the U.S. have their biometrics checked to help ensure they are […]
Cyber security standards and best practices don’t appear to be widely adopted by airports and given pervasive cyber threats Congress should consider directing the adoption of these standards across the aviation industry, an airport executive told a House panel on Thursday. Citing a 2015 survey, Michael Stephens, executive vice president for Information Technology and General […]
ManTech International [MANT] on Wednesday said it has been awarded a potential $668 million contract through the General Service Administration (GSA) to support the Department of Homeland Security’s Continuous Diagnostics and Mitigation (CDM) program that helps federal civilian agencies protect their networks. The six-year task order was awarded under the CDM Dynamic and Evolving Federal […]
