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Business/Financial

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…

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]