Industry News

Vector Space Systems has secured $1.25 million in a seed funding round headed by Space Angels Network to support Vector’s development of commercial launch vehicles for low-Earth orbit microsatellites. Space Angels Network offers an online investment platform designed to help accredited investors finance aerospace companies through managed funds, Vector said Friday. Vector co-founder and CEO Jim Cantrell said the […] More

AquaHarmonics has won a $1.5 million grand prize in the Energy Department‘s design-build-test competition that aims to support the development of wave energy converters. DoE said Wednesday CalWave Power Technologies and Waveswing America will receive $500,000 and $250,000 in respective cash prizes as second and third place winners of the Wave Energy Prize. “This competition set a difficult threshold […] More

Raytheon looks to add up to 2,000 positions over the next five years through an expansion of the defense company’s missile systems business headquarters in Tucson, Arizona. Raytheon said Friday it will hire workers at all skill levels to serve in engineering and higher-wage technical roles. Taylor Lawrence, president of Raytheon’s missile systems unit, said that several Arizona-based organizations will help the company meet workforce and infrastructure needs to […] More

The Defense Advanced Research Projects Agency and the U.S. Navy‘s Office of Naval Research aim to commence ground-based and at-sea flight tests of a Northrop Grumman-built prototype unmanned air system in 2018 as part of the Tactically Exploited Reconnaissance Node program. DARPA said Thursday its joint Tern project with ONR seeks to utilize forward-deployed small-deck ships such as destroyers and frigates as mobile launch […] More

A new report by Deloitte says aerospace and defense firms that modified their business models and strategies based on changing market conditions outperformed by sevenfold those that did not make any adjustments to their strategies. The finding is based on an analysis of performance of 100 largest firms in the aerospace and defense sector in the last […] More

The General Services Administration has selected the Massachusetts Institute of Technology to assist in the redevelopment project for the Transportation Department’s John A. Volpe National Transportation Systems Center in Cambridge, Massachusetts. MIT will act as exchange partner for the project and help GSA pick a team to design a nearly 400,000-square-foot federal facility as a […] More

Mitre Corp. and Worcester Polytechnic Institute have launched a joint collaboration space inside WPI’s campus as part of a partnership that aims to help students, faculty and Mitre employees perform collaborative projects. WPI’s Julia Quinn-Szcesuil wrote in a blog post published Wednesday the Mitre-WPI Collaboratory will provide resources to students that conduct major qualifying project […] More

Ace Technology Partners has secured its first one-year renewal on a U.S. Air Force contract vehicle that covers standardized networking equipment, supplies and related services. The Air Force’s decision to renew Ace Technology’s position on the NETCENTS-2 contract was partially based on the company’s record of performance of work with government and military customers over the past three decades, the company said […] More

Markov Processes International has been chosen by the Securities and Exchange Commission to supply a research and reporting platform to aid in SEC’s mutual funds surveillance and investor protection efforts. SEC will implement the Stylus Pro software that MPI developed in response to global interest on asset management regulators for data-driven technology systems that update legacy systems through the application of quantitative analytics, […] More

Day & Zimmermann and Rheinmetall have launched a joint venture in an effort to introduce fully integrated munitions manufacturing and design services to the U.S. market. The new Rheinmetall, Day & Zimmermann Munitions business will utilize RWM’s ammunition design and development knowledge and D&Z’s manufacturing experience, D&Z said Wednesday. Michael Yoh, president of D&Z’s munitions and […] More