Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) will lead two separate teams under a pair of NASA contracts to develop concepts for a passenger jet capable of reaching Mach 2 to Mach 4 speeds. Each industry team will create a nonproprietary aircraft design and a high-speed air travel roadmap for the next phase of the Advanced Air Vehicles...
Dallas-based private equity firm Trive Capital has acquired Hypergiant Industries, an artificial intelligence-based software provider, for an undisclosed sum as part of efforts to complement its portfolio company Forward Slope. Hypergiant CEO Mike Betzer will continue to oversee the AI defense platform company, according to a joint release published...
Poland has requested to purchase 96 AH-64E Apache Helicopters and related equipment from the U.S. government under a potential $12 billion foreign military sale deal cleared by the State Department. Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) will serve as principal contractors on the proposed transaction that would include aircraft engines, n...
GovCon industry veteran Bill Ballhaus has assumed the position of president and CEO of Mercury Systems (Nasdaq: MRCY). He took on the roles on an interim basis on June 24 at the Andover, Massachusetts-based technology company, Mercury said Tuesday. âAfter conducting a review of potential candidates with the assistance of an executive search firm, ...
Boeing (NYSE: BA) has secured a potential three-year, $115.1 million order against a previously awarded basic ordering agreement to provide the U.S. Navy with initial spares and repair equipment for the serviceâs MQ-25A Stingray aerial refueling drone to help improve the unmanned aircraft system’s readiness and reliability. Work on the firm-...
Boeing (NYSE: BA) will implement hardware and software updates to a training system designed for U.S. Navy’s P-8 maritime patrol and reconnaissance aircraft pilots under a $145.7 million order from the Naval Air Warfare Center Training Systems Division. The cost-plus-fixed-fee, firm-fixed-price order is for engineering and manufacturing develo...
Boeing (NYSE: BA) will put $1.8 billion toward real and personal property investments in St. Louis, Missouri, where the company produces aircraft and weapon systems for the defense sector, The St. Louis Business Journal reported Friday. Under Project Voyager, Boeing plans to construct multiple buildings encompassing 1 million square feet of space in...
Rahul Thakkar, a former Amazon Web Services managing director, has been named president of BAE Systems‘ Bohemia Interactive Simulations subsidiary. Thakkar will oversee the day-to-day operations of the military training and simulation software developer and explore potential market opportunities for the business, BISim said Tuesday. He previou...
Intelâs (Nasdaq: INTC) foundry business has added Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) to the second phase of the Department of Defenseâs Rapid Assured Microelectronics Prototypes-Commercial program. Northrop and Boeing will join IBM (NYSE: IBM), NVIDIA (Nasdaq: NVDA), Microsoft (Nasdaq: MSFT), Qualcomm (Nasdaq: QCOM) and other RAM...
Boeing (NYSE: BA) has partnered with Intel (Nasdaq: INTC) to develop next-generation aerospace industry capabilities that are enabled by advanced semiconductor technology. The collaboration is focused on the use of Intel 18A Silicon Complementary Metal-Oxide Semiconductor fabrication process to design and create secure and autonomous Boeing products...
