Textron announced its intent to buy Howe & Howe in October 2018 in a push to expand its autonomous technology offerings across land, air and maritime domains.
Lisa Atherton, president and CEO of Textron Systems, said she aims to bring investments to Howe & Howe to help the company further develop its existing products and begin work on new platforms.
According to the report, Howe & Howe proposed its RS2-H1 robot for the U.S. Armys Squad Multipurpose Equipment Transport development contract.
Atherton told the publication she considers the SMET contract as one of the four programs she expects Textron to secure in 2019.
Northrop Grumman has secured a $303.6 million indefinite-delivery/indefinite-quantity contract for the repair and return of radar components used on F-16…
Quantum computing firm IonQ has unveiled plans to acquire Skyloom Global, a Colorado-based developer of optical communication systems for space-based quantum networks. The…
Shareholders at identity security company CyberArk have approved Palo Alto Networks’ proposed acquisition offer. Cyberthreats are escalating, and government data…