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Tag Archives: China

Loren Thompson: Philippines Eyes US Defense Tech to Enforce Territorial Claims

Some defense analysts believe a pending 10-year security agreement between the Philippines and U.S. could increase U.S. sales of weapons and maritime surveillance equipment to the Philippines, Reuters reported Sunday. “What Manila needs most in the way of military technology is weapons that can help enforce its claim to areas …

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Australia to Buy 58 Lockheed F-35 Jets for $12B

Australia will purchase 58 Lockheed Martin (NYSE: LMT) F-35 fighter jets for nearly $11.64 billion in addition to the 14 planes the country ordered in 2009, Reuters reported Wednesday. Matt Siegal and Andrea Shalal report that Australia intends to give its air force enough jets to create three operational squadrons …

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Rockwell Collins, Chinese Avionics Firm Launch JV; Kelly Ortberg Comments

Rockwell Collins (NYSE: COL) and China Electronics Technology Avionics Company thave launched a new Chengdu-based joint venture to bring communication and navigation products to aircraft programs in China. “This joint venture is yet another demonstration of the collaborative and cooperative relationships we continue to build in China to support the rapidly growing opportunities …

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Raytheon, Lockheed Look to Revise Turkey Missile Defense Offer

Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) could pitch a new bid to construct a missile defense system for Turkey and have begun internal discussions with the U.S. government on their proposal, Reuters reported Tuesday. Andrea Shalal-Esa writes the talks started after Ankara indicated it could withdraw from its …

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Microsoft-Backed Startup Gets $10M Funding Boost; Vanessa Gao Comments

A Chinese financial technology startup backed by Microsoft Ventures (NASDAQ: MSFT) has secured $9.8 million in a funding round from several investors, including CBC Capital and Matrix Partners. 91Jinrong is a member of Microsoft Ventures Accelerator and works to match financial products and services to customer needs through an online …

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Lore Systems’ Tien Wong on Navigating the Federal Market, the Future of Innovation and GovCon M&A Trends

On April 18, Lore Systems Chairman and CEO Tien Wong joined a bevy of government contracting industry and innovation leaders on a panel for the official launch of the Ballston Innovation Initiative. The 3-month initiative will connect Capitol-region leaders and entrepreneurs from across the public, private and non-profit sectors in an effort …

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Australia Commits to 100 Lockheed F-35 Jets, Will Buy 12 Boeing Growlers

Australia has committed to purchase 100 Lockheed Martin (NYSE: LMT) F-35 jets and will buy 12 Boeing (NYSE: BA) EA-18G Growler planes as part of a new defense strategy,  Reuters reports. James Grubel writes the Australian Defence Ministry announced its acquisition in a white paper, saying the country aims to …

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Symantec Walks Away from China JV, Takes $530M

Symantec (NASDAQ: SYMC) has agreed to sell its 49 percent stake in a joint venture with Chinese telecommunications firm Huawei for $530 million. Under the deal, Huawei, which currently holds 51 percent of the share, will attain 100 percent control of the Hong Kong-based company, “Huawei Symantec, ” a joint …

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Google’s Mike Bradshaw, Federal CIO Vivek Kundra Talk Cloud Security

The federal government is excited about the cloud – although there are some concerns about privacy and security as the decade-long implementation moves forward. “The cloud can allow teleworkers to easily and securely access their data and work from wherever they happen to be, ” Mike Bradshaw, lead of Google’s …

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