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Tag Archives: investment

ByteCubed Buys Creative Agency CHIEF in Gov’t IT Services Expansion Push; Lena Trudeau Quoted

Arlington, Va.-based technology firm ByteCubed has purchased Washington, D.C.-based creative agency CHIEF for an undisclosed sum as part of efforts to expand its information technology offerings to government and commercial clients. Lena Trudeau, newly appointed ByteCubed CEO, said in a statement published Tuesday the company will combine its technology with …

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EY Unveils $1B Investment for Two-Year Innovation Push

TYSONS CORNER, VA, August 14, 2018 — EY aims to place a $1 billion investment to support its effort to develop technology products and services in areas such as software, cyber, financials, risk management and digital tax and audit, ExecutiveBiz reported Monday. The company said Sunday the two-year investment program serves to …

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Boeing HorizonX Ventures Invests in 3D-Printing Tech Provider Digital Alloys

TYSONS CORNER, VA, August 9, 2018 — Boeing’s (NYSE: BA) HorizonX Ventures division has invested in additive manufacturing system developer Digital Alloys to help the latter advance its development of 3D-printed aerospace parts, ExecutiveBiz reported Wednesday. The aircraft manufacturer said Tuesday HorizonX Ventures participated in a Series B funding round …

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Carlyle Group’s US Buyout Fund Secures $18.5B Capital

The Carlyle Group (Nasdaq: CG) has raised $18.5 billion for its latest fund that invests in U.S. companies in defense and government services and aerospace industries. The private equity firm said Monday the amount of capital raised for the Carlyle Partners VII fund surpassed the $15 billion target, reflecting a 42 percent increase …

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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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