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Boeing’s Tech Venture Unit Invests In Detect And Avoid Radar Company

By Cal Biesecker

Thursday, March 15th, 2018

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Boeing’s Tech Venture Unit Invests In Detect And Avoid Radar Company

Boeing [BA] on Thursday said its HorizonX Ventures arm is part of a $15 million financing round for Fortem Technologies, a developer and manufacture of radar systems that enable unmanned aircraft systems (UAS) to safely fly beyond visual limits.Boeing doesn’t disclose the investments HorizonX makes other than to say they take minority stakes that range between the single millions of dollars to the low double-digit millions. Fortem, which is based in Utah and has just under 100 employees, said its…

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]