Industry News

Venture capital deals and funding for the smart grid industry reached $142 million in value third quarter of 2014, almost double the amount of investments from the previous three months, market intelligence from Mercom Capital Group says. The report identified Savant Systems of New York as the top VC-funded company, which raised $90 million for its home automation portfolio in Q3 2014, followed by big […] More

Louis Berger has received a multi-year contract from the New York City Economic Development Corp. to support business recovery and infrastructure resiliency programs following Hurricane Sandy. The company said Monday it will also assess the potential impact of post-hurricane rebuilding initiatives on the city’s economy as well as cultural and environmental resources. “We look forward […] More

Airbus has chosen a Northrop Grumman subsidiary to manufacture attitude and heading reference systems for integration into multiple types of Airbus helicopters. Northrop Grumman LITEF is scheduled to start production of its LCR-350 AHRS for various Airbus-built helicopters in 2016, Northrop said Tuesday. Germany-based LITEF designed the technology to help pilots view aircraft heading and […] More

Capgemini Consulting and Altimeter Group have forged a partnership to develop research, thought leadership and technology offerings. Altimeter and Capgemini will jointly create content in innovation, digital transformation and digital customer experience and share their methodologies, frameworks and tools, Altimeter said Monday. “We see this partnership as a big win for our clients and the industry at large,” said Xavier Hochet, CEO of Capgemini […] More

A new market report from Cushman & Wakefield says new deals for office leases in the Northern Virginia area during the most recent quarter was the highest recorded since 2011. The two earlier quarters this year were down so much that year to date leasing has dropped a total of 37 percent from this time last year, according to […] More

Defence IQ has released a new report that forecasts the global airborne intelligence, surveillance and reconnaissance market to reach $43 billion by 2020. The report indicates that the airborne ISR market sees strong acquisition worldwide and pegs its current value at nearly $20 billion, Defence IQ said Monday. The market’s growth is also attributed to an increase in civil ISR spending, […] More

BAE Systems has rolled out updates to the Royal Air Force’s fighter aircraft, bringing the fleet into operational service. The company said Friday it upgraded the Typhoon fighter’s computing power, weapons systems integration and sensor suites to help RAF achieve its air-to-air and air-to-surface mission requirements. “We have delivered a capability with all the necessary training and support to […] More

MITRE has sought to help the aviation community collaborate with the Federal Aviation Administration meet the goals of the Next Generation Air Transportation System program, Aviation Today reported Thursday. Juliet Van Wagenen writes that the company’s Center for Advanced Aviation System Development has released a report to assess the progress of the program based on the FAA’s implementation plan and midterm concept of operations […] More

The Department of Homeland Security intends to award a $2 million contract to Implant Sciences Corp. to help the agency build systems for identifying explosives at U.S. airport security checkpoints. DHS aims to bolster air travel safety by developing new tools and methods for explosives trace detection, Implant Sciences said Thursday. “Implant Sciences will work […] More

Grant Thornton moved to expand its healthcare portfolio with the addition of Louis Feuerstein as managing director for audit and healthcare chief for Metro New York and New England. Feuerstein has spent over 30 years managing accounting and consulting services in both healthcare and non-profit organizations, Grant Thornton said Thursday. He will be based in Iselin, […] More

Citrix has opened a new 170,000-square-foot office in Raleigh, North Carolina’s warehouse district that will house Citrix Mobile Workspace tools and work to integrate Citrix technologies. The company said it aims to facilitate creativity, productivity, collaboration and employee engagement as well as highlight its vision of a mobility-enabled enterprise. “Raleigh is experiencing tremendous business growth and has firmly established itself as […] More