Venture capital deals and funding for the smart grid industry reached $142 million in value third quarter of 2014, almost double the amount of investments from the previous three months, market intelligence from Mercom Capital Group says. The report identified Savant Systems of New York as the top VC-funded company, which raised $90 million for its home automation portfolio in Q3 2014, followed by big […] More

Business information provider Visiongain has unveiled its list of top 20 unmanned aerial vehicles and systems manufacturers in the world. The report predicts the specialties companies will choose in the field and how new players will try to stake a claim on a market that could undergo key structural changes amid an emergent commercial UAVs segment, Visiongain said Monday. “Although increasingly competitive, the […] More

Lockheed Martin and Israel-based Yissum Research Development have agreed to conduct joint research into materials engineering and quantum information systems. The agreement gives Lockheed an option to exclusively license products resulting from their technology R&D collaboration, the companies said Monday in a joint statement. Joshua Shani, CEO of Lockheed’s Israeli operations, said the business aims […] More

The Air Force could unveil the winner of a contract to build the branch’s long-range radar system as soon as next week, Reuters reported Wednesday. Andrea Shalal writes Pentagon acquisition chief Frank Kendall has approved the service’s Three-Dimensional Expeditionary Long-Range Radar procurement plan. Lockheed Martin, Northrop Grumman and Raytheon are all vying for the contract. The […] More

Rafael Advanced Defense Systems‘ has awarded a $149.3 million subcontract to Raytheon to build interceptor components for the Iron Dome weapon. Raytheon’s technology resources and network will serve as second supply source of Iron Dome interceptor parts, the company said Tuesday. “The sourcing of Tamir interceptor components in the U.S. will go a long way to ensuring sufficient volumes […] More

MEADS International has demonstrated its multifunction fire control radar at Pratica di Mare Air Base near Rome and at the Freinhause, Germany-based MBDA air defense center. The Medium Extended Air Defense System program completed the performance test for the radar system’s functions to track and jam signals, search in ground clutter and identifying target using kinematic data, Lockheed Martin said […] More

The White House has chosen Louisa Long Jaffe, CEO and president of Technical and Project Engineering LLC, as “Champion of Change” for the week along with other honorees. Jaffe is set to join a panel discussion with the other veteran Champions of Change at the White House on Wednesday, TAPE said Tuesday. “Being recognized by […] More

Jennifer Smith serves as senior vice president of corporate development at SAIC, where she is responsible for coordinating the company’s enterprise strategy & development and mergers & acquisitions. Prior to her current role, she served as SAIC’s senior vice president of strategic business development for the global markets and missions sector and senior vice president […] More

Kevin Winter serves as Booz Allen Hamilton’s vice president and chief information officer, with responsibility in executing the firm’s IT infrastructure strategy and ensuring its delivery of services to their clients. Prior to Booz Allen, he held leadership positions at SRA International, most recently as vice president and chief information security officer. He has also […] More

The Washington Metropolitan Area Transit Authority has commenced passenger service on a new rail line that is built by Bechtel-led Dulles Transit Partners. Dulles Transit Partners designed and constructed the 11.7-mile Silver Line for the Metropolitan Washington Airports Authority, Bechtel said Tuesday. “Collaboration with our customer, local businesses, and the community has been integral to […] More

George Obertubbesing serves as vice president of business development for Harris IT Services where he focuses on Defense Department business. He most recently served as corporate director of business intelligence at TASC and has also worked in BD director roles for SRA International and CSC. Obertubbesing started his career at Harris in 1982 working on video teleconferencing […] More

The small unmanned aerial vehicle market is projected to grow by the end of 2019 at a 22 percent compound annual growth rate to a total market value of $582.2 million, according to a recent MarketsandMarkets report. The six-year global forecast on the small and man-portable UAV market classifies the technology based on trends, propulsion, payload, application, region […] More