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Tag Archives: investment

BAE Plans Digital Shipyard in Pursuit of Australia’s SEA 5000 Future Frigate Contract

TYSONS CORNER, VA, Sept. 27, 2017 — BAE Systems aims to establish a digital shipyard in Australia to support the construction of nine anti-submarine warfare ships for the country’s navy as part of the company’s bid for the SEA 5000 Future Frigate contract, ExecutiveBiz reported Monday. The company said Thursday the potential facility in Adelaide will …

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Orbital ATK Invests in Expansion, Training for Production Facility in Ohio

TYSONS CORNER, VA, Sept. 21, 2017 — Orbital ATK (NYSE: OA) will invest $5 million as part of a plan to expand its aerospace and defense composite production facility in Beavercreek, Ohio, by approximately 40,000 square feet to accommodate work that will transition from Clearfield, Utah, ExecutiveBiz reported Wednesday. The company …

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Intel Posts $1B Investment to Drive AI Innovation; Brian Krzanich Comments

TYSONS CORNER, VA, Sept. 20, 2017 — Intel (Nasdaq: INTC) seeks to support startup companies and other partners in government, academia and local communities with an estimated $1 billion investment that is aimed to advance the development of artificial intelligence technologies, ExecutiveBiz reported Tuesday. “Our belief is that AI will …

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Iron Mountain Unveils 1st of 4 Planned Data Centers in Northern Virginia

TYSONS CORNER, VA, Sept. 19, 2017 — Iron Mountain (NYSE: IRM) has launched a new 165,000-square-foot data center in Northern Virginia following an $80 million initial investment in efforts to address the security and compliance requirements of government and enterprise customers, ExecutiveBiz reported Monday. The company said Friday the facility is the first …

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Lockheed Begins Construction of $350M Satellite Factory in Colorado; Rick Ambrose Comments

TYSONS CORNER, VA, Sept. 5, 2017 — Lockheed Martin (NYSE: LMT) has begun the construction of a future 266,000-square-foot satellite manufacturing facility in Colorado in efforts to address upcoming production requirements, ExecutiveBiz reported Friday. The Denver Business Journal reported Thursday that Lockheed’s space systems business led the groundbreaking ceremony for the …

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CGI Plans More Acquisitions to Push Business Expansion; George Schindler Comments

TYSONS CORNER, VA, Aug. 4, 2017 — CGI (NYSE: GIB) CEO George Schindler has said the company is looking into additional acquisitions to further drive its business expansion efforts following several deals over the past year, ExecutiveBiz reported Thursday. CRN reported Wednesday that the company has more than 700 acquisition targets in its …

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Aili Kujawa: Johns Hopkins APL Continues Drive Toward Innovation

TYSONS CORNER, VA, July 26, 2017 — Aili Kujawa, director of human resources and services at Johns Hopkins University Applied Physics Laboratory, has noted that the lab continues to pursue new investment and innovation opportunities while building on traditional capabilities. “At APL, innovation is who we are and why we were established,” …

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Lockheed Invests in AI Tech for ‘Intelligent’ Maintenance Support to Canada’s C-130Js

TYSONS CORNER, VA, July 20, 2017 — Lockheed Martin (NYSE: LMT) has placed a $1.1 million investment to help advance the development of an artificial intelligence tool that Canada-based contextere intends to support aerospace and defense maintenance personnel, ExecutiveBiz reported Wednesday. The intelligent personal agent will work to assist in field service, industrial inspection and maintenance, …

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BAE, UK Partners to Launch Testing Service for Maritime Autonomous Systems

TYSONS CORNER, VA, July 18, 2017 — BAE Systems will work with several companies to develop a testing service for unmanned maritime systems in the U.K. through an estimated $598,000 grant from the Solent Local Enterprise Partnership, ExecutiveBiz reported Monday. The grant calls for collaboration with Blue Bear Systems Research, ASV Global, …

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Lockheed Martin Launches New Facility to Drive UK Cybersecurity Efforts

TYSONS CORNER, VA, July 17, 2017 — Lockheed Martin (NYSE: LMT) has unveiled a new $3.9 million cybersecurity hub in the U.K. that will work to supplement cyber-related technology development and collaboration efforts in the country, ExecutiveBiz reported Friday. The company said Thursday the Cyber Works center in Gloucester seeks to …

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