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Business/Financial

Boeing Creates Innovation Cell, Invests In Two Tech Companies

Wednesday, April 5th, 2017

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Boeing [BA] has created a new innovation ventures arm called Boeing HorizonX and has made its first investments into two tech companies, the company said Wednesday.Boeing HorizonX will have three main focus areas: targeted investments in new ventures and startups; seeking unique business opportunities for the company’s aerospace technology; and assessing disruptive innovations and business strategies. It is being led by Steve Nordlund, who previously served as vice president of strategy for Boeing’s Defense, Space, and Security business unit.Earlier, Nordlund…

Congress

Dem Lawmakers Want To Codify Trump’s Push For More Defense Contractor Accountability

A group of four Congressional Democrats want to codify President Donald Trump’s push to hold defense firms accountable for prioritizing production investments over paying out stock buybacks, and are seeking […]

Unmanned Systems

In Response To Flag Concerns, DoD Looks To Reduce Drone Prices, As Order for 30,000 Looms

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Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]