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Latest Federal & Government Contracting Companies' News Coverage

Latest Federal & Government Contracting Companies' News Coverage

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Millimeter wave power amplifier maker Elve has announced the completion of its Series A funding round and raising $15 million from an investor group led by TomEnterprise Private AB and joined by Lockheed Martin Ventures. The Davis, California-based firm company said Thursday it will use the fresh funds to grow its customer base in the space connectivity market and increase manufacturing capabilities.

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Frank St. John, chief operating officer at Lockheed Martin, said the company's digital transformation initiative called 1LMX has been instrumental in ramping up production of high-demand defense systems, including High Mobility Artillery Rocket Systems, Javelin antitank weapons, Guided Multiple Launch Rocket Systems and PAC-3 missiles. "In 2024, we are on track to double HIMARS production, have increased Javelin’s production to 2,400 units per year and will deliver more than 10,000 GMLRS," St. John said in a statement published Thursday.

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Lockheed Martin has declared its Pony Express 2 technology demonstration mission ready for launch. Lockheed said Thursday that the mission involves the use of two 12U Renegade-class space vehicles provided by Terran Orbital to carry payloads that would showcase several capabilities.

Top military leaders, defense experts and policymakers will come together at the Potomac Officers Club's Achieving Transformative Cooperation for National Defense Forum to explore the future of Combined Joint All-Domain Command and Control. Register now to join this important event.

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Executive Mosaic is honored to present Maria Demaree, vice president and general manager of national security space at Lockheed Martin's space business, as an inductee into the 2024 edition of the Wash100 Award for driving space-focused innovation and advancing the development of integrated platforms in support of national security missions.

Vote for Demaree as your favorite GovCon leader as part of the 2024 Wash100 popular vote competition! Voting closes on April 30, so visit Wash100.com to cast your ten votes today.

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Lockheed Martin's venture capital arm has made a strategic investment in weather intelligence provider Meteomatics to support the latter's product development and market expansion initiatives. Meteomatics said Thursday it will use the capital to scale its high-resolution weather and climate technology and expand its presence in the defense, energy, aviation, insurance and government sectors.

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Catherine Ni has been appointed vice president of close combat systems at aerospace and defense company Lockheed Martin. Ni said Friday on LinkedIn she had spent roughly the past nine months holding the same position in an acting capacity, during which time she learned many things, had to think outside the box and became connected with "many great individuals across the enterprise."

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