Advanced / Transformational Technology
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Business/FinancialLockheed Martin Ventures Participates In Funding Round For Xona Space
Xona Space Systems, a small company developing low earth orbit (LEO) satellites for global positioning and navigation services as an alternative to the GPS constellation, has closed a new funding […]
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SpaceLockheed Martin to Launch Three Satellites in 2023 to Advance Joint All-Domain Operations
Lockheed Martin [LMT] said that it plans to launch three company developed satellites next year to help demonstrate Joint All-Domain Operations (JADO). The effort is part of the company’s Space-Augmented […]
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Business/FinancialLockheed Martin Doubles Venture Fund To $400 Million As Prospects Mount
Flush with opportunities, Lockheed Martin [LMT] on Tuesday said it has doubled its venture capital fund to $400 million as it screens more start-up technology companies to invest in. “The […]
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SpaceSpace Systems Command Surveys Industry on Software to Support Object Detection and Tracking
U.S. Space Force’s Space Systems Command (SSC) is surveying industry on software concepts to buttress new systems for the space domain awareness mission conducted by various units, including the 18th […]
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Air ForceF-35 Integrated Core Processor Safety of Flight Certification Completed Last Month, L3Harris Says
L3Harris [LHX] has completed the safety of flight certification for the company’s Integrated Core Processor (ICP) for the Lockheed Martin [LMT] F-35 fighter, L3Harris CEO Chris Kubasik said on July […]
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Business/FinancialRaytheon Technologies Leads Funding Round In Hybrid-Electric Propulsion Startup
VerdeGo Aero, a startup company developing hybrid-electric propulsion for aircraft, on Wednesday announced a $12 million funding round led by RTX Ventures, the corporate capital group of Raytheon Technologies [RTX]. […]
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Air ForceFirst Flight of DoD Blended Wing Body Aircraft Demonstrator Targeted for 2026
The Defense Innovation Unit (DIU) hopes to have a blended wing body (BWB) demonstrator aircraft ready to fly by 2026, according to a DIU solicitation. Such an aircraft may save […]
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ArmyArmy Taps GM Defense, Canoo To Provide Electric Vehicles For Demonstration
The Army has awarded deals to GM Defense [GM] and advanced mobility startup Canoo [GOEV] to each provide an electric vehicle for demonstration, with the goal of informing the service’s […]
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Air ForceSouth Dakota Senators Await B-21 Rollout Later This Year
Sens. John Thune (R-S.D.) and Mike Rounds (R-S.D.) are awaiting the U.S. Air Force rollout of the Northrop Grumman [NOC] B-21 Raider stealth bomber this year and the economic benefits […]
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Business/FinancialBoeing To Invest $50 Million In New Venture Fund
Boeing [BA] on Wednesday said it has agreed to provide $50 million to anchor a new aerospace technology venture fund that is privately-managed by the company’s partner AE Industrial Partners […]