NATO shepherds 10 firms whose tech could help the alliance

On the same subject

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  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 https://news.lockheedmartin.com/2018-06-07-Lockheed-Martin-Announces-100-Million-Venture-Fund-Increase

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  August 3, 2020 | International, Land

  Boeing wins $265 million to build more special ops Chinook helos

  By: Jen Judson WASHINGTON — The Army has awarded Boeing a $265 million contract to build nine more MH-47G Block II Chinook helicopters for the service's Special Operations Aviation Command, according to a July 31 Defense Department contract announcement. The company is now under contract to build 24 of the G-model Chinooks. The service is expected to buy 69 special operations variants. The original plan was to procure 473 F-model Block II helicopters for the active force as well, but the Army decided in its fiscal 2020 budget request not to buy them for the conventional force and only field the latest variant to special operations, which was much in need of a replacement for the variant in its fleet. The service's decision to cut the aircraft from the active force was based on the need to free up future cash to cover the cost of an ambitious plan to buy two new future vertical lift aircraft for long-range assault and attack reconnaissance missions. Congress has since opposed the move, injecting $28 million in FY20 funding into the program to purchase long-lead items to manufacture F-model Block II Chinooks for the active Army. The Army's FY21 budget again provided no funding for the program. A similar plus-up in the congressional FY21 spending bill could continue to push the service back in the direction of buying more Block II variants. The contract award is the third in a series of awards to buy G-model Chinooks. Boeing received contracts in 2018 and 2019 as well. The Army approved the Block II effort to move into the engineering and manufacturing development phase in April 2017, and the program officially began in July 2017. The aircraft began flying in tests in mid-2019. The upgrades in the Block II version include newly designed rotorblades, major changes to the drive system and other improvements like non-segmented fuel cells. The aircraft is expected to buy back roughly 4,000 pounds of additional load capacity and adds range capability. https://www.defensenews.com/land/2020/07/31/boeing-wins-265-million-to-build-more-special-ops-chinook-helos

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  November 6, 2024 | International, Land, C4ISR, Security

  VEILDrive Attack Exploits Microsoft Services to Evade Detection and Distribute Malware

  VEILDrive exploits Microsoft SaaS services to launch undetected malware attacks on U.S. infrastructure.