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 significant step towards achieving...
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 ...
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. ...
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 present the most c...
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 t...
A first look at the LM-100J, with Chief Test Pilot Wayne Roberts, talking before the Farnborough International Airshow 2018...
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 bring full-lif...
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 suppor...
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 of Lockheed Martin Ventures, to...
https://www.youtube.com/watch?v=q9vYToNAT0Q Major General Duncan Heinz (USMC, ret.), President and CEO of IBC Advanced Alloys, discusses IBC’s recent three-year contract with Lockheed Martin to produce a specialized beryllium-aluminum part for the F-35....
