Archive: Market Sectors

main sequence ventures

Lockheed Martin Invests In Australian Venture Fund

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, […]

An Air Force F-22 Raptor. Photo: Air Force.

Roper Urges Air Force to Treat Software Upgrades as a Service, Not a Product

DAYTON, Ohio — The Air Force needs to move away from making major, infrequent system software upgrades if it is to ensure that capabilities are up-to-date to meet future threats, a top service official said Wednesday. “The goal is to keep a cadence of software push all the time,” Will Roper, service assistant secretary for […]

Two Afghan Air Force A-29 Super Tucanos fly over Kabul in 2016. (U.S. Air Force photo)

AFRL to Deliver Final Light Attack Data Report by Mid-September

WRIGHT-PATTERSON AIR FORCE BASE, Ohio — The Air Force Research Laboratory (AFRL) has completed its portion of data assessments related to the service’s light attack aircraft experiment, and plans to submit a final report on its findings to senior leadership by mid-September, the laboratory’s executive director said Tuesday. The report will include data findings on […]

Analogic's ConneCT computed tomography checkpoint baggage scanner. Photo: Analogic

TSA Issues RFP For Next-Generation Checkpoint Baggage Scanners

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 […]

A row of TH-57 Sea Ranger helicopters waits on the runway at Naval Air Station Whiting Field, June 9, 2014.

Industry Spooled Up For Navy Helicopter Trainer Competition

Hard at work on a formal set of requirements, the U.S. Navy is not saying much about its effort to replace its aging TH-57 training helicopter, but the competition is already spooling up. Based on a draft request for proposals published in October, the Navy is in the market for a commercial, off-the-shelf replacement for […]

Proposed Civilian Nuke Budget Cements Funding for Low-Yield Warhead and Infrastructure Repairs

Congress’ final 2019 budget bill for the National Nuclear Security Administration, unveiled in detail Tuesday, would increase funding for maintenance and cleanup to buildings across the nuclear weapons complex, decrease funding for a controversial plutonium-disposal project and provide funding for the first time to make a low-yield, submarine-launched, ballistic-missile warhead. The House and Senate are […]

HawkEye 360 CEO John Serafini. Photo: HawkEye 360

Raytheon Leads Investment Round In Commercial Satellite Company HawkEye 360

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 […]

A KC-46 tanker refuels an F/A-18 fighter during testing. (Boeing photo)

Air Force Awards Boeing Lot 4 for KC-46 Tanker Program

The Air Force Monday awarded a contract modification to Boeing [BA] to build the fourth lot of KC-46 next-generation tanker aircraft. The contract modification, worth $2.9 billion, includes 18 additional aircraft, data, two spare engines, five wing refueling pod kits, initial spares, and support equipment being produced under the basic contract. Boeing received its first […]

marinecorpsaav

Marine Corps Issues Stop Work Order For SAIC’s Amphibious Assault Vehicles

The Marine Corps has issued a stop work order to SAIC [SAIC] for its Amphibious Assault Vehicles limiting the number of future deliveries as officials evaluate the program ahead of an imminent replacement by BAE Systems’ Amphibious Combat Vehicles (ACV), according to top company officials. SAIC officials said during a Monday earnings call the stop […]