Archive: Business/Financial

Boeing-Logo

Boeing’s HorizonX Invests In Rugged Computer Storage Firm Agylstor

Boeing [BA] on Wednesday said its venture arm HorizonX has made an investment in Agylstor, Inc., which is developing ruggedized, secure computer storage systems that are portable, provide high-performance computing and have high-data transfer speeds. California-based Agylstor’s technology is for industrial, aerospace and commercial uses. Boeing doesn’t disclose the value of HorizonX’ investments, which range […]

PwC Logo

PwC Argues A&D Industry Be More Bold In Approaches To Innovation

Despite a brighter outlook for defense spending in the U.S. and in Europe, western companies in the aerospace and defense (A&D) industry need to be more aggressive in developing new technologies in the face of emerging competition from commercial entrants and from rival countries racing to make advances in artificial intelligence and advanced weapon systems, […]

Union Says GD’s IT Business Settles With Workers Over Anti-Union Tactics

The Communications Workers of America (CWA) on Tuesday said that General Dynamics’ [GD] Information Technology business segment has reached an agreement with its employees that vacates the results of a union election at a former GD facility and requires the company to refrain from anti-union activities. Work at the former GD facility in Alexandria, Va., […]

DSS

Army Awards $2.6 Billion Deal To Support Aviation, Missile Systems Prototype Facility

The Army has awarded Defense Systems and Solutions a potential nine-year, $2.6 billion deal to provide technical support for the Aviation and Missile Research, Development, Engineering Center’s (AMRDEC) prototype integration facility, the Pentagon announced Tuesday. Defense Systems and Solutions (DSS), a small business joint venture based in Huntsville, Alabama, will support expedited prototype development, fabrication, […]

UTC Chairman and CEO Gregory Hayes. Photo: UTC

United Technologies Plans $15 Billion In New Investments

United Technologies Corp. [UTX] on Wednesday announced $15 billion in new investments across its companies and portfolios to bolster its digital strategy and increase its manufacturing capacity and efficiencies to keep pace with growth in the U.S. and worldwide. Over five years investments will be made in research and development, accounting for $9 billion, aimed […]

Bell V280 Valor First Down Stop Flight
Amarillo, Texas May 11, 2018

Bell Opens Advanced Rotorcraft Center Near Pentagon

Foreseeing major future investment by the Defense Department in advanced vertical lift technologies, Bell [TXT] has opened up shop in the Pentagon-adjacent forest of commercial high rises where its primary competitors have owned buildings for years. Bell on May 23 cut the ribbon on its new Advanced Vertical Lift Center (AVLC) in the Crystal City […]

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BAE To Manage Electronic Warfare System For F-35

Lockheed Martin [LMT] has awarded BAE Systems a five-year deal to manage an electronic warfare (EW) system for the F-35 Joint Strike Fighter. Under the contract, announced Tuesday, BAE will handle supply chain logistics and ensure mission readiness for the AN/ASQ-239 system aboard F-35 aircraft. “As a leader in EW systems for the world’s most […]

Peter Cannito, CEO of Polaris Alpha, will be joining Parsons Federal.

Parsons Acquires Technology Solutions Provider Polaris Alpha

Parsons on Monday said it has acquired Polaris Alpha in a deal that expands its mission solutions capabilities, builds on existing customer relationships and adds new customers. Terms of the deal were not disclosed. “The acquisition of Polaris Alpha is the latest transformative move for Parsons that takes our technology solutions strategy to a new […]

Scott Whatmough, senior vice president of Engility's defense & security group

Engility Poised To Pursue Future DoD Cyber Training Contracts

Defense contractor Engility [EGL] is looking to previous experience running cyber training exercises as it considers potential bids on upcoming contracts to construct future virtualized training capabilities for cyber forces. The Army’s National Cyber Range (NCR) and Persistent Cyber Training Environment (PCTE) and Air Force’s Unified Platform programs offer an opportunity to build on tested […]