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CFIUS approval clears XCOR Aerospace’s first close of series B financing

Posted May 28, 2014 by

MOJAVE, Calif. -XCOR Aerospace announced May 27 that the U.S. Treasury Department’s Committee on Foreign Investment in the United States has approved the Series B lead investment by Dutch investors. The first closing of XCOR’s new round of finance issued $14.2 million of Series B preferred shares. XCOR will use the funds to bring the…

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Raytheon honors supplier excellence from around globe

Posted June 18, 2014 by

Raytheon has recognized the exceptional performance of more than 180 supplier partners that support the company’s Integrated Defense Systems business unit. Honored at IDS’ annual Supplier Excellence Awards event, suppliers from around the globe were recognized with 3-, 4- and 5-Star awards, measured on quality standards, on-time delivery, process improvement initiatives, and success in meeting…

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Anti-submarine warfare continuous trail unmanned vessel under construction, at-sea testing expected by 2015

Posted July 7, 2014 by

An autonomous unmanned vessel designed to track quiet diesel-electric submarines spanning miles of ocean depths for months at a time with minimal human input is now under construction and is expected to set sail for testing in 2015. Leidos, a national security, health and engineering solutions company, has begun construction on ACTUV (Autonomous Continuous Trail…

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Boeing, Hainan Airlines announce commitment for 50 737 MAX 8s

Posted July 18, 2014 by

  Boeing and Hainan Airlines July 16 announced that the two companies are finalizing terms and working toward a purchase agreement for 50 737 MAX 8s, reaffirming the Chinese airline’s preference for an all-Boeing single-aisle fleet. The commitment, valued at more than $5.1 billion at current list prices, will be subject to the approval of…

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Army photograph by SSgt. Angela Stafford
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Engineers developing safer, more accurate tracer round

Posted July 30, 2014 by Audra Calloway

Engineers at Picatinny Arsenal are researching a way to develop a new type of tracer round that not only would perform its function during the day as well as night, but also improve shooter accuracy and keep soldiers safer by reducing their visual signature.

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F-35 flight test program milestones maturing combat capabilities

Posted August 25, 2014 by

The Lockheed Martin F-35 Joint Strike Fighter program continued a steady path of flight test milestones in August, including weapons separation, software compatibility and flight hours, all demonstrating program maturity. “The test milestones are a direct result of the detailed planning, coordination and execution between various government teams and the integrated test force,” said J.D….

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Raytheon’s first new-production Patriot System debuts in successful flight test

Posted March 27, 2012 by

Raytheon successfully completed a system-level guided flight test of the new-production Patriot at White Sands Missile Range, N.M. The modernized Patriot provides an affordable, low-risk and rapid path to meet the warfighter’s current and future air and missile defense requirements. “The system’s flawless performance using all newly-built major end items is a significant milestone for…

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Raytheon, Lockheed Martin complete integration milestone on upgrade of Global Positioning System

Posted April 16, 2012 by

Raytheon and Lockheed Martin successfully completed the first significant integration milestone between Raytheon’s Global Positioning System and Lockheed Martin’s GPS III satellite system. The joint Lockheed Martin/Raytheon team successfully exchanged satellite commands and telemetry data between the GPS III satellite simulator in Newtown, Penn., and the OCX development site in Aurora, Colo. The integration of…

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Lockheed Martin units name 18 small businesses as outstanding suppliers

Posted April 24, 2012 by

Lockheed Martin recognized 18 small businesses from across the United States for their outstanding support of the corporation’s business units in Orlando, Fla., and Dallas, Texas, at an awards ceremony April 24. Each year, Lockheed Martin Missiles and Fire Control and Lockheed Martin Global Training and Logistics nominate and select small businesses that have consistently…

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Lockheed completes key integration milestone on GeoEye’s new imaging satellite

Posted May 1, 2012 by

Lockheed Martin announced May 1 that it has successfully mated the spacecraft bus and the imaging payload for GeoEye’s next-generation, high-resolution imaging satellite, known as GeoEye-2. Lockheed Martin Space Systems Company is developing GeoEye-2 under a fixed-price contract with GeoEye. Once operational, GeoEye-2 will be the world’s highest resolution commercial satellite, providing highly accurate imagery…

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