Industry News

IBM Corp. plans to open a Baohe, China-based financial innovation center, Anhui reported Thursday. Sha Qing writes the center will be built to facilitate financial outsourcing, international pan-financial data processing and online financial services. “We bring foreign advanced IT technology and integrate finance with more lines,” Shang Wenzhu, IBM general manager for China strategic cooperation […] More

Airbus Group‘s defense and space business has opened a new facility that will test Europe’s ExoMars rover in a simulated Martian environment. The Mars Yard is located at the Airbus division’s headquarters in Stevenage, England and will also be used to further develop the autonomous space vehicle’s navigation technology, Airbus said Thursday. Alvaro Gimenez, a […] More

Lockheed Martin Corp. has invested $80 million in its mission systems and training unit in Central Florida, creating up to 200 jobs, Orlando Business Journal reported Wednesday. Megan Ribbens writes the new Orlando, Fla.-based employees will work on Lockheed’s training and logistics operations for the F-35, F-16 and F-15 aircraft programs. About 7,000 employees already […] More

Siemens and Shanghai Electric Group have signed a memorandum of understanding with Chinese utility company Huaneng Power International to further develop gas turbine, steam turbine and wind power technology. Huaneng intends to bolster its power generation efficiency and sustainability work in the area of clean energy development, Siemens said Friday “We can look back on a long and successful partnership […] More

Exelis has partnered with GeoMetWatch to develop geostationary satellite sounding instruments that would retrieve atmospheric data for weather forecasting purposes. GeoMetWatch’s partner organizations will host Exelis-made sensors on weather monitoring satellites through GeoMetWatch’s licensing agreement with the Commerce Department, GeoMetWatch said Wednesday. The Commerce Department has granted GeoMetWatch a license to operate up to six […] More

Sterling Global Operations is seeking to grow its oil and gas, mine clearing and other work in Kurdistan and Iraq by expanding its Kurdish operations center and constructing a regional logistics hub. The new 200,000 sq ft logistics hub near Erbil, capital of the Kurdish region, will be used for equipment storage, employee training and vehicle maintenance services, the stability operations company said Wednesday. According to Alan […] More

Digital Management Inc. has purchased mobile and multichannel commerce provider KnowledgePath in an effort to grow DMI’s enterprise mobility, big data, mobile and Web commerce offerings. KnowledgePath works to integrate mobile commerce, mobile point-of-sale and mobile clienteling functions, DMI said Wednesday. Jay Sunny Bajaj, president and CEO of DMI, said the company intends for the […] More

Raytheon plans to transfer its operations from Garland, Texas to a new office complex in Richardson by the fourth quarter of the company’s 2015 fiscal year. The company intends to construct three buildings at the Richardson site on 489,000 square feet of space, Raytheon announced Wednesday. Raytheon’s Garland complex houses employees from the company’s missile systems; space […] More

Honeywell and Texas-based CPS Energy have kicked off a two-year program that seeks to help local business facilities manage their electricity costs by implementing smart grid technology. CPS Energy will also leverage Honeywell’s automated demand response tools and services for the municipal utility to maintain the stability of Texas’ power grid during peak usage times, Honeywell said […] More

INDUS Corp. has obtained level three of the CMMI Institute’s Capability Maturity Model Integration certification. The CMMI level three certification indicates that INDUS’ processes comply with certain standards and procedures, INDUS said Tuesday. INDUS provides business analytics, cloud, critical infrastructure protection, information technology, health IT, network defense, mobility and software applications management services to customers. […] More

Lockheed Martin and Sierra Nevada‘s alliance has moved to increase manufacturing work on a private space taxi at NASA’s Michoud Assembly Facility in New Orleans. SNC has been contracted to build the next-generation Dream Chaser spacecraft for NASA and is working with Lockheed to produce the spaceship’s composite structures, the companies said Tuesday. “We will […] More

The MITRE Corp. and Allied Minds Inc. have forged a commercial technology transfer partnership with the goal of introducing MITRE’s cyber and mobile security systems to the market and forming a new business. Allied Minds’ federal innovations subsidiary will work to evaluate MITRE’s technologies for commercial applications and licensing under the agreement, Allied Minds said […] More