Raytheon Technologies‘ (NYSE: RTX) missiles and defense business has secured an $866.6 million contract from the Missile Defense Agency to manufacture updated ship-based ballistic missile interceptors for the U.S. government and the Japanese defense ministry. The sole-source award covers the production of Standard Missile-3 Block IIA systems, whic...
The National Aeronautics and Space Administration (NASA) stands at the helm of America’s science and technology efforts related to air and space. Launched in October 1958, the federal agency oversees the country’s space explorations and aeronautics research endeavors. To maintain America’s edge in space and aeronautics technologies, NASA teams...
The Naval Air Systems Command has awarded Pratt and Whitney a $4.38 billion contract modification to manufacture engines for the U.S. military’s 15th and 16th F-35 production lots. The Raytheon Technologies-owned (NYSE: RTX) engine builder will provide a total of 152 F135-PW-100 turbofans to the U.S. Air Force, Navy and Marine Corps, the Depar...
Health information technology firm CNSI established a new board of directors composed of government technology and health care industry veterans, six months after being acquired by global investment firm Carlyle (Nasdaq: CG). CNSI CEO Todd Stottlemyer will serve as a member of the board chaired by Donna Morea, an operating executive with Carlyle sin...
ExecutiveBiz featured Greg Clifton, general manager of defense and national security group at Intel, in a recent Executive Spotlight interview published Thursday. He talked about his work with Intel and how the group works to match company technologies with the mission requirements of government customers. Other topics tackled during the Q&A wer...
General Motors‘ (NYSE: GM) defense subsidiary has established a new arm focused on expanding the company’s global marketplace footprint through delivery of products and services to international defense and government customers. General Defense‘s international entity will offer technologies for electric, autonomous and connected vehicl...
Shield AI has secured $165 million in a round of Series E financing and will use the capital to advance the development of its artificial intelligence pilot for military and commercial aircraft. Venture funds including Riot Ventures, Disruptive and Homebrew participated in the funding round led by Doug Philippone, co-founder of Snowpoint Ventures an...
America’s Frontier Fund has officially launched as a nonprofit investment fund with a focus on scaling companies and their deep technologies to ensure that the U.S. and its allies maintain tech advantage amid a great power competition. AFF said Thursday its initial focus areas will include artificial intelligence, microelectronics, next-generation...
Mercury Systems (Nasdaq: MRCY) was awarded a potential $50 million basic ordering agreement to provide the Naval Air Systems Command with company-made Advanced Data Transfer System products and services. Over a three-year period, Mercury will deliver data transfer units and devices, encryption modules and other ADTS-related hardware to NAVAIR for mi...
In today’s U.S. health care market, speed is a top-ranking priority. In the wake of the COVID-19 pandemic, health care organizations are looking at ways to get technologies, systems and capabilities to market faster than ever before. But as advancements in technology continue to accelerate, the industry can’t afford to lag behind. “The unfortu...
