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BAE Systems Inc. Places $45M Investment for Operations Expansion in Alabama

TYSONS CORNER, VA, July 18, 2018 — BAE Systems Inc. is moving to expand its operations in Huntsville, Ala., with a $45.5 million investment for new facilities and office space to house engineering development, laboratory work and defense technology production, ExecutiveBiz reported Tuesday. The company said Monday the investment will fund a …

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Boeing’s HorizonX Ventures Invests in Urban Logistics Drone Builder Matternet

TYSONS CORNER, VA, June 28, 2018 — Boeing (NYSE: BA), through its venture capital arm, has invested in North Fair Oaks, Calif.-based Matternet, which builds unmanned aerial vehicles for urban logistics use, ExecutiveBiz reported Wednesday. Boeing said Tuesday HorizonX Ventures led a Series A funding round that raised $16 million to support …

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Lockheed to Funnel $460M Tax Reform Savings to R&D, Venture Fund, Employee Programs

TYSONS CORNER, VA, June 11, 2018 — Lockheed Martin (NYSE: LMT) aims to shift an estimated $460 million in savings the company said it generated through the recent U.S. tax reform law toward research and development as well as investments in technology startups, ExecutiveBiz reported Friday. The company said Thursday part …

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Boeing’s HorizonX Ventures Invests in UAS Flight Mgmt Software Developer Kittyhawk

TYSONS CORNER, VA, June 8, 2018 — Boeing’s (NYSE: BA) venture capital arm has invested in Kittyhawk to support the development of the San Francisco-based startup’s mobile applications and enterprise software offerings, ExecutiveBiz reported Thursday. Boeing said Wednesday HorizonX Ventures joined Bonfire Ventures and Freestyle Capital in a seed funding round …

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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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General Dynamics Eyes $850M Investment for Submarine Builder Expansion in Connecticut

TYSONS CORNER, VA, May 3, 2018 — General Dynamics (NYSE: GD) is anticipated to invest an estimated $850 million to establish a new facility and expand operations in Connecticut in support of its General Dynamics Electric Boat subsidiary, ExecutiveBiz reported Wednesday. The Connecticut Post reported Tuesday the company is set to receive $83 …

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In-Q-Tel Invests in Red Balloon’s Embedded Security Platform

TYSONS CORNER, VA, April 24, 2018 — In-Q-Tel will help cybersecurity firm Red Balloon Security advance the development of an endpoint security tool for embedded devices as part of a strategic partnership, ExecutiveBiz reported Monday. IQT said Wednesday its development agreement and investment with Red Balloon Security aims to produce government and commercial …

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Boeing Ventures Arm Invests in UK-Based Hypersonic Propulsion Tech Developer

TYSONS CORNER, VA, April 13, 2018 — Boeing’s (NYSE: BA) HorizonX Ventures division has invested in Reaction Engines in an effort to help the latter develop a hypersonic propulsion technology aimed at enhancing the next generation of hypersonic flight and space access vehicles, ExecutiveBiz reported Thursday. HorizonX Ventures participated in the Series …

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Boeing HorizonX Ventures Supports IoT Firm Myriota’s Satcom Tech Development

TYSONS CORNER, VA, March 28, 2018 — Boeing’s (NYSE: BA) HorizonX Ventures division has invested in Myriota, an Adelaide, Australia-based internet of things startup, in a bid to help the former advance its direct-to-orbit platform designed to facilitate communications for IoT-connected devices in remote locations, ExecutiveBiz reported Tuesday. The company said …

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Boeing HorizonX Ventures Places Investment in Drone Radar Developer

TYSONS CORNER, VA, March 19, 2018 — Boeing‘s (NYSE: BA) investment arm has joined the Series A funding round for Fortem Technologies in support of the Utah-based company’s efforts to build a radar system for unmanned aerial vehicles, ExecutiveBiz reported Friday. The investment in Fortem is Boeing HorizonX Ventures‘ second …

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