November 6, 2024 | International, Land, C4ISR, Security
Google Cloud to Enforce Multi-Factor Authentication by 2025 for All Users
Google Cloud enforces mandatory MFA by 2025 to boost global account security and counter cyber threats.
June 11, 2018 | International, Aerospace
LOCKHEED MARTIN ANNOUNCES $100 MILLION VENTURE FUND INCREASE
BETHESDA, Md., June 7, 2018 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) announced the doubling of its venture capital fund to $200 million and recent investments in early-stage companies focused in the areas of autonomy and advanced manufacturing.
"Our focus is on finding and investing in companies developing cutting-edge technologies that will grow our business and disrupt our industry," said Chris Moran, vice president and general manager of Lockheed Martin Ventures. "We're developing long-term strategic partnerships with companies and helping them navigate through the early stages of product development while leveraging our decades of experience working with government customers."
Enabled by tax reform legislation, Lockheed Martin Ventures is focusing the additional $100 million on early-stage companies in the areas of sensor technologies, autonomy, artificial intelligence and cyber.
With the fund's latest investment, Lockheed Martin expanded its relationship with nTopology, creator of ELEMENT, an emerging software technology in the high-growth additive and advanced manufacturing sectors.
"Our investment in nTopology will bring strategic advantages in Lockheed Martin's computational design processes and help shorten the periods between the design and manufacturing phase," said Moran.
The increase in the venture fund is part of $460 million that Lockheed Martin is investing as a direct result of tax reform savings. The tax reform legislation enables Lockheed Martin to make investments that improve its global competitiveness, including investing in transformative technologies that will bring lasting benefits to customers, employees and communities.
The company is making additional investments enabled by tax reform savings, including:
- $200 million additional investments in capital expenditures and research and development in 2018
- $100 million in employee training and educational opportunities over the next five years
- $50 million investment in science, technology, engineering and math (STEM) education enrichment, including the establishment of a new Lockheed Martin STEM Scholarship Fund
- $10 million for the launch of the Lockheed Martin Innovation Prize competition
More details of Lockheed Martin's investments enabled by tax reform legislation can be found here.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 100,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
SOURCE Lockheed Martin
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April 24, 2018 | International, Aerospace, C4ISR
Pentagon creates new position to help guide software acquisition, F-35 development
By: Valerie Insinna WASHINGTON — The U.S. Defense Department is creating a new position to help formulate its software strategy and ensure it keeps pace with commercial advancements — and the most important resposiblity will be overseeing the F-35 joint strike fighter's agile software strategy. During a Friday roundtable with reporters, Ellen Lord, the undersecretary of defense for acquisition and sustainment, announced that she has tapped Jeff Boleng to the newly created position of special assistant for software acquisition. Boleng, currently the acting chief technology officer at Carnegie Mellon University Software Engineering Institute, will start April 16 as a member of Lord's team. “Jeff Boleng will spend over 90 percent of his time on F-35. He is going to be the individual who is working amongst all of the groups to enable us to bring the right talent onboard,” Lord said. “We have a challenge, I think both within the JPO [F-35 joint program office] as well as Lockheed Martin, in terms of getting a critical mass of contemporary software skill sets to begin to move in the direction we want to.” As the F-35 joint program office embarks on a new strategy called Continuous Capability Development and Delivery, or C2D2, which involves introducing agile software development, Lord wants to ensure that both the JPO and Lockheed have employees with the right training to execute the effort and that they can attract new professionals with additional software expertise. “This is something that [Lockheed CEO] Marillyn Hewson and I have talked about,” she said. “Lockheed Martin has some excellent software capability throughout the corporation. My expectation is that they're going to leverage that on the F-35. And as we within the Department of Defense really increase our capability for software development focused on C2D2, our expectation is that Lockheed Martin will do the exact same thing. “So they have the capability. I'm very energized about the leadership focus that I have seen in the last four to eight weeks, so I have great expectations that that will continue and that Lockheed Martin will keep pace or outpace DoD in terms of modernization for F-35 software development.” Boleng, a former cyberspace operations officer and software engineer who served more than 20 years with the Air Force, last held the position of teaching computer science at the Air Force Academy before moving to the private sector. At Carnegie Mellon, he is responsible for spearheading the institutes research and development portfolio, which includes software development, data analytics and cyber security activities in support of the Defense Department. As the special assistant for software acquisition, he will help develop department-wide software development standards and policies and “advise department leadership on latest best practices in commercial software development.” Boleng will also interface with Pentagon organizations charged with ramping up the department's software prowess such as Defense Digital Services, a small group of former private-sector tech professionals who led the department's “Hack the Pentagon” events and have conducted a few assessments of F-35 software. That starts with a meeting today between Lord, Boleng and a Defense Innovation Board group centered on software acquisition, which has been embedded both with the joint program office and Lockheed Martin, Lord said. https://www.defensenews.com/pentagon/2018/04/13/pentagon-creates-new-position-to-help-guide-software-acqusition-f-35-development/
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September 16, 2020 | International, Aerospace
USAF Inches Closer To KC-46 Vision System Decision
Lee Hudson The head of the U.S. Air Force's mobility fleet needs more data from Boeing on the KC-46 Remote Vision System (RVS) upgrade plan to determine if an interim fix is worth taking the maintenance downtime. Boeing is upgrading the RVS to version 1.5, which is now renamed the enhanced RVS that the company promises will deliver sharper imaging, Air Mobility Command chief Gen. Jacqueline Van Ovost told reporters Sept. 14. “But the proof is in the pudding when it comes to whether or not it actually would provide additional operational capability or additional safety,” she said. Van Ovost and the head of the Pentagon's operational test and evaluation office met with Boeing on Sept. 4 for KC-46 briefings. Toward the end of September, Van Ovost expects a briefing on why the Pentagon should implement enhanced RVS at no cost to the Air Force. Air Force Research Laboratory personnel will participate in the discussion on whether the service should pursue enhanced RVS or wait until 2.0 comes online, she said. Boeing began flight testing the enhanced RVS in June, which includes numerous software changes and a few hardware updates. If the government opts not to deploy the upgrade, the fixes identified for RVS 1.5 will flow into the 2.0 version that is slated for fielding in the second half of 2023. “If the Air Force decides to deploy initial RVS enhancements we could provide aircraft with those during the second half of 2021 (calendar year),” Mike Hafer, KC-46 global sales and marketing at Boeing, said in a Sept. 15 statement. “The full suite of state-of-the-art enhancements, commonly known as RVS 2.0, should be installed in tankers we deliver starting in late 2023 or early in 2024.” https://aviationweek.com/shows-events/afa-air-space-cyber-conference/usaf-inches-closer-kc-46-vision-system-decision