:

Business/Financial

Boeing Ventures Unit Makes Additional Investment In Additive Manufacturing Firm

By Cal Biesecker

Friday, August 30th, 2019

SHARE:

Boeing Ventures Unit Makes Additional Investment In Additive Manufacturing Firm

Ivan Madera, founder and CEO of Morf3D. Photo: Morf3D

Morf3D, a small company specializing in additive manufacturing for the aerospace industry, has received a second round of investment from Boeing’s [BA] HorizonX Ventures unit, demonstrating the value the aerospace and defense giant sees in Morf3D. The level of investment wasn’t disclosed. Morf3D said the new funding will support the expansion of its manufacturing footprint and ability to meet the demand from its aerospace customers. HorizonX first invested in California-based Morf3D in 2018. Morf3D said it has been experiencing an…

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]

Congress

All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]