Industry News

Lockheed Martin‘s Australian arm plans to open a submarine combat system laboratory in Mawson Lakes as part of efforts to secure work for the Australian navy’s SEA 1000 Future Submarine Project. The company said Friday construction on the facility’s first phase began in July and is scheduled to be complete by November. “The lab is all about […] More

Boeing has inaugurated a new research and technology center in South Carolina intended to further the company’s advanced manufacturing push. The 104,000-square-foot Boeing Research and Technology-South Carolina Center is designed to focus on the manufacture of composite fuselage and propulsion systems, Boeing said Thursday. John Tracy, Boeing chief technology officer and senior vice president of engineering, […] More

The U.S. economy expanded at a 3.9-percent annual pace in the second quarter of calendar year 2015 to beat the government’s estimate of 3.7 percent reported in August and mark the second consecutive quarter of an upward revision. A 3.6-percent jump in consumer spending and a 4.1-percent increase in construction spending were among the drivers of U.S. gross […] More

Boeing Chairman Jim McNerney believes that Congress will renew the mandate of the U.S. Export-Import Bank in order to support U.S. competitiveness within the global market, the Wall Street Journal reported Thursday. Robbie Whelan writes that McNerney has pointed to lost business with potential overseas customers following the June 30 expiration of the bank’s mandate. “Customers require […] More

A new International Data Corp. report says the global market for integrated infrastructure systems and integrated platforms reached $2.4 billion in revenues in the second quarter of this year. IDC said Thursday the market posted nearly 45 percent increase in storage capacity shipments during the quarter compared with the same quarter of the previous year. […] More

BAE Systems has received a $45 million contract modification from the U.S. Army to manufacture hard armor plates designed to protect the bodies of soldiers from bullets and other threats. The contract is for the low-rate initial production of torso and side body protective vests and was awarded through the Army’s Soldier Protection System Vital […] More

A General Atomics subsidiary has launched a project to equip a company-built military unmanned aerial system with a high-energy laser technology, Defense One reported Wednesday. Defense One quoted Michael Perry, vice president of mission systems at General Atomics’ aeronautical systems unit, as saying the business is developing a laser module for the Avenger drone through […] More

Lockheed Martin and the Defense Department plan to strike a deal in the fall for the next batches of F-35 fighter jets that could cost $15 billion, Reuters reported Tuesday. Andrea Shalal writes the agreement is for the ninth batch of F-35 comprising 60 jets and the 10th batch consisting of 100 units. “We’re still in […] More

An L-3 Communications subsidiary has been awarded a one-year, $160.2 million contract modification to perform support work on 200 T-45 trainer jets at multiple naval air stations in the U.S. The Defense Department said Tuesday that L-3 Communications Vertex Aerospace will provide organizational, intermediate, logistics and depot-level maintenance services for the U.S. Navy‘s aviation training […] More

France’s national data privacy agency has authorized BMC to control and process European data. BMC received the European Union accreditation as both a controller and processor of data under the Data Privacy Binding Corporate Rules, BMC said Wednesday. “This accreditation sends a clear signal to our customers and partners that we take our responsibility of securely […] More

A General Atomics business segment has announced plans to set up a new facility in Grand Forks, North Dakota that will train aircrews of domestic and international military agencies on how to operate remotely piloted aircraft. “We selected North Dakota as the site for our new training academy because it offered an unequaled opportunity to support both […] More

A report by BitSight Technologies has indicated challenges in the security performance of the energy and utilities sector while the federal government continues to be a high performer next to only the financial sector. The company said Tuesday its “BitSight Insights Industry Benchmark” report for 2015 points to a drop in the security rating for energy and utilities […] More