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Tag Archives: investment

White House Launches ‘American AI Initiative’ Through Executive Order

President Donald Trump on Monday signed an executive order to launch a new program that will direct federal resources toward the development of artificial intelligence in order to build up economic and national security and improve the quality of life of citizens. The American AI Initiative has five key principles …

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General Dynamics Allots $1B CapEx Budget for Submarine Construction Updates

TYSONS CORNER, VA, February 1, 2019 — General Dynamics (NYSE: GD) has unveiled a plan to reinvest $1B into its manufacturing operations in 2019 as part of a capital expenditure strategy that includes the further development of submarine construction capabilities, ExecutiveBiz reported Thursday. USNI News reported Wednesday that the funds will …

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Tony Moraco: SAIC Eyes New Federal Gov’t Markets, Business Expansion After Engility Buy

TYSONS CORNER, VA, January 29, 2018 — Tony Moraco, CEO of Science Applications International Corp. (NYSE: SAIC), has said the company gained increased capacity to pursue new markets and larger-scale business opportunities in the public sector following its $2.5B acquisition of Engility, ExecutiveBiz reported Jan. 22. Moraco, a 2019 Wash100 …

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Boeing’s Venture Capital Arm Invests in Satcom Terminal Developer

TYSONS CORNER, VA, January 18, 2018 — Boeing‘s (NYSE: BA) HorizonX Ventures has placed an investment with Isotropic Systems in support of the latter’s effort to market its integrated satellite communications terminal product, ExecutiveBiz reported Thursday. Isotropic Systems said Wednesday it raised a total of $14M during a Series A funding round …

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In-Q-Tel Invests in Provider of AR/VR Collaboration & Intell Platform

TYSONS CORNER, VA, December 13, 2018 — In-Q-Tel has entered into a partnership with virtual and augmented reality software firm Immersive Wisdom through an investment that is aimed to develop the latter’s collaboration and intelligence technology for applications in government, ExecutiveBiz reported Wednesday. Megan Anderson, a senior vice president at IQT, said …

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Lockheed Awards Grant to Orlando’s Valencia College for 2nd Advanced Manufacturing Training Hub

TYSONS CORNER, VA, December 4, 2018 — Lockheed Martin (NYSE: LMT) has placed an investment of $300K with Valencia College in Orlando to establish an advanced manufacturing training center that is aimed to produce the city’s future high-technology workers, ExecutiveBiz reported Monday. The company said Friday the funds are part of …

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Boeing Signs Deal for Investment, Partnership With Israeli Companies; Leanne Caret Quoted

TYSONS CORNER, VA, November 28, 2018 — Boeing (NYSE: BA) has entered into a reciprocal purchase agreement with Israel’s government in which the U.S. defense firm will invest in and partner with Israeli companies on certain contracts, ExecutiveBiz reported Nov. 2. The Jerusalem Post reported Oct. 31 that Boeing will collaborate …

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Northern Virginia, NYC to House Amazon’s Two New HQs

Amazon (Nasdaq: AMZN) has officially chosen New York’s Long Island City and Northern Virginia’s Arlington to accommodate its new headquarters with plans to invest $5B and generate at least 50K jobs across the two sites. “These two locations will allow us to attract world-class talent that will help us to …

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Boeing’s Ventures Unit Invests in Satellite Propulsion System Maker

TYSONS CORNER, VA, October 12, 2018 — Boeing‘s (NYSE: BA) ventures arm has placed an investment with Accion Systems in support of the latter’s effort to expand the production of new propulsion systems for space vehicles, ExecutiveBiz reported Thursday. The partnership between Boeing HorizonX Ventures and Accion is aimed to advance satellite …

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Raytheon’s Dave Wajsgras: Smallsat Investment Focused on ‘Solutions’ Amid Changing Customer Needs

TYSONS CORNER, VA, October 3, 2018 — Dave Wajsgras, president of Raytheon‘s (NYSE: RTN) intelligence, information and services business, has said the company focuses on the “solutions” side of its investment efforts amid the defense sector’s increasing interest in small satellites, ExecutiveBiz reported Sept. 17. The Washington Post reported Sept. …

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