Industry News

Lockheed Martin has announced plans to funnel approximately $460 million in tax reform law-related savings into several investment initiatives. The company said Thursday about $200 million of that savings will go to research-and-development programs and capital expenditures this year in addition to $100 million in funds that will be invested into Lockheed’s venture capital fund. […] More

Inmarsat and the space agency of Greece will collaborate for the research and development of technologies and to share information. The satellite company said Wednesday that it entered into a memorandum of understanding with the Hellenic Space Agency (HSA) that was signed at the Posidonia 2018 international shipping event in Athens. Ronald Spithout, president of Inmarsat’s maritime […] More

Jay Alexander, senior vice president and chief technology officer at Keysight Technologies, has joined an advisory group that reviews and recommends general policy for the National Institute of Standards and Technology. Keysight said Tuesday Alexander will serve a three-year term on NIST’s Visiting Committee on Advanced Technology. “The opportunity to be part of the discussions surrounding advanced technologies such […] More

An Australian company that serves the aerospace and defense markets is set to establish its flagship U.S. facility in Huntsville, Ala. Electro Optic Systems is currently in the process of installing the production facility at 2865 Wall Triana Highway, the local government of Huntsville said Wednesday. Phil Coker, president of EOS’ U.S. arm, said the […] More

Lockheed Martin plans to move $100 million in funds saved through the tax reform law into its venture capital arm that invests in startups involved in the development of emerging technologies, Defense News reported Wednesday. “We’d love to go from — generically — about four investments per year, we’d love to get to six or […] More

Christine Bailey, chief financial officer of Accenture‘s federal services subsidiary, has received the Northern Virginia Technology Council’s CFO of the Year Award in the division/group category. The award recognizes her work in the greater Washington area’s technology sector. John Goodman, chief executive of Accenture Federal Services, said Bailey has provided expertise to help the company bring new […] More

Four Lockheed Martin-built F-35B aircraft have arrived at the Royal Air Force Marham in the U.K. from the U.S. Marine Corps‘ facility in Beaufort, S.C., two months ahead of schedule. U.K.’s Lightning Force aims to achieve initial operational capability for the short-takeoff-and-vertical-landing jets by the end of 2018, Lockheed said Wednesday. The F35Bs are scheduled to undergo tests with Queen Elizabeth-class carriers later this […] More

Boeing has invested in Kittyhawk to help the San Francisco-based startup advance the development of its mobile-based applications and enterprise software offerings that work to integrate and manage flight operations of unmanned aircraft systems through a single platform. Boeing said Wednesday its HorizonX Ventures joined Bonfire Ventures and Freestyle Capital in a seed funding round […] More