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EM’s Weekly Roundup: QinetiQ to Acquire MTEQ; Fluor, Lockheed Martin, CACI Win Huge Contracts; POC Hosting FY20 Budget and Procurement Forum on Oct. 16th & Weekly Top 10 Stories

QinetiQ announced on Wednesday that the company has entered into an agreement to acquire Manufacturing Techniques (MTEQ) on a cash-free, debt-free basis for $105 million to be paid in cash on completion. The transaction will more than double the size of QinetiQ’s U.S. operations.  “The acquisition of MTEQ is a …

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Weekly Roundup: Capital One Acquires KippsDeSanto; Lockheed Martin, CGI Federal and Amyx Secure Big Contracts; Bell Obtains FAA Certification and Weekly Top 10 Stories

This week, Capital One signed an agreement to acquire KippsDeSanto & Co., a leading investment banking firm focused on serving growth-oriented aerospace/defense, government services and technology companies.  “Joining Capital One was a natural next step in the growth plan for us at KippsDeSanto,” said Kevin DeSanto, co-founder and managing director …

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Linda Foster, Director of Advanced Program Development Innovation for Mission Solutions & Space for Lockheed Martin, Announced as Panelist for Potomac Officers Club’s 2019 Intel Summit on July 31st

Linda Foster, director of Advanced Program Development Innovation for Mission Solutions & Space for Lockheed Martin, will be featured as an expert panelist during for Potomac Officers Club’s 6th Annual Intel Summit on July 31st. She will be joined by Dr. Andrew Jenkins of Maxar Technologies and Alexander Miller of the U.S. Army. 

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Jim Garrettson, CEO of Executive Mosaic, Presents Rick Ambrose, EVP of Space Systems for Lockheed Martin, His Fourth Wash100 Award

Jim Garrettson, founder and CEO of Executive Mosaic, presented Rick Ambrose, executive vice president of space systems for Lockheed Martin, with his fourth Wash100 Award on Monday. Executive Mosaic recognizes Ambrose for leading the improvement of space technologies, including use of the cloud for space missions. We are pleased to …

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Lockheed Martin Backs Competition on AI-Enabled Autonomous Drones

TYSONS CORNER, VA, September 7, 2018 — Lockheed Martin (NYSE: LMT) has partnered with the Drone Racing League to establish a competition focused on utilizing artificial intelligence to operate an unmanned aircraft system, ExecutiveBiz reported Thursday. The company said Wednesday participants in the $2M AlphaPilot Innovation Challenge will be tasked to develop an …

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VIDEO:Lockheed Martin: Army TADSS Maintenance Program

  We believe the best assets aren’t built — they’re trained. That’s why we’re leading the U.S. Army’s next major effort to maintain and sustain their global fleet of in-field training devices. Under the Army Training Aids, Devices, Simulators and Simulations Maintenance Program (ATMP), we’ll partner with the Army to …

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Lockheed Martin Gets $736M Modification to Lot 13 F-35 Advance Acquisition Contract

Lockheed Martin (NYSE: LMT) has received a $735.7 million modification to an advance acquisition contract that funds equipment and efforts necessary to build lot 13 F-35 low-rate initial production units for the U.S Air Force, Navy and Marine Corps. The modification allocates $74.7 million for long-lead time materials, parts, components and support …

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Lockheed Martin Ventures Eyes $100M in Tech Startup Investments

TYSONS CORNER, VA, June 8, 2018 — Lockheed Martin (NYSE: LMT) aims to utilize $100 million in savings the company says it generated through the U.S. tax reform to invest in technology startup companies via its venture capital arm, ExecutiveBiz reported Thursday. Defense News reported Wednesday that Chris Moran, head …

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