Lockheed Martin

Odysight.ai Announces Purchase Order from an International Defense Contractor for its Visual Based Predictive Maintenance System, to be Installed in an Upgraded Israel Air Force (IAF) Maritime Version Sikorsky-Lockheed Martin SH-60 Seahawk

Retrieved on: 
Monday, March 11, 2024
Aircraft, OTCQB, PDM, RET, Algorithm, AI, Aviation, Health, Martin, Safety, Sikorsky, Boeing, Lockheed Martin, CBM, Lockheed

The systems will be installed in upgraded Lockheed Martin (Sikorsky) SH-60 Seahawk Maritime Rotary Wing Aircraft of the Israel Air Force.

Key Points: 
  • The systems will be installed in upgraded Lockheed Martin (Sikorsky) SH-60 Seahawk Maritime Rotary Wing Aircraft of the Israel Air Force.
  • More than 4,000 UH-60 Black Hawk aircraft, and its variants such as the SH-60 Seahawk, are in service worldwide today.
  • Odysight.ai’s Visual Based Sensor System for PdM provides a state-of-the-art solution incorporating advanced AI algorithms for prognostic health management applications.
  • We are committed to continuing our provision of innovative solutions that ensure unparalleled reliability and safety for our clients' assets.”

Canadians ramp up pressure on Trudeau and Joly with coordinated blockades of weapons manufacturers as UN calls for immediate arms embargo on Israel

Retrieved on: 
Wednesday, February 28, 2024
Elbit Systems, Weapon, F35, Genocide, Regional Municipality of Waterloo, Hikvision, Arms Trade Treaty, International court, Hellfire, Foreign, Martin, Arrow 3, M16, MK18, ATT, Government, World Beyond War, City, F16, Foreign Affairs, Lockheed Martin, Electronics, Complicity, War, UN, Lockheed, Raytheon Technologies, Movement, International, Community, Colt Canada, Justice, Navy, Arms industry

Over 82,000 Canadians signed a parliamentary petition demanding an embargo on military exports to Israel, and 75 civil society groups called on Foreign Affairs Minister Mélanie Joly to resign if she won’t impose an arms embargo.

Key Points: 
  • Over 82,000 Canadians signed a parliamentary petition demanding an embargo on military exports to Israel, and 75 civil society groups called on Foreign Affairs Minister Mélanie Joly to resign if she won’t impose an arms embargo.
  • Canadian communities are demanding that the government end its complicity with Israeli genocide and stop all military exports.
  • All of the companies that have been targeted by actions this week are producing weapons and arms components that are being used by Israel to attack Gaza’s civilian population and infrastructure.
  • “It’s been over a month since the International Court of Justice ruled that Israel is plausibly committing genocide in Gaza.

GlobalFoundries and Biden-Harris Administration Announce CHIPS and Science Act Funding for Essential Chip Manufacturing

Retrieved on: 
Monday, February 19, 2024
CHIPS, General Motors, Research, GameChanger, Empire, Education, Investment, News, Upstate, Growth, Commerce, Qualcomm, University, ITC, SUNY, Lockheed Martin, Energy, Century, Semiconductor, Workforce, Student, GlobalFoundries, Electronics, GM, White, Economic development, AMD, Ecosystem, HVCC, Partnership, Hudson Valley Community College, Learning, Economy, NYPA, Gallium nitride, Capital, Chair, Science, GFS, AI, Internet of things, Government, COVID-19, Lockheed, Empire State, Renewable energy

MALTA, N.Y. and ESSEX JUNCTION, Vt., Feb. 19, 2024 (GLOBE NEWSWIRE) -- The U.S. Department of Commerce today announced $1.5 billion in planned direct funding for GlobalFoundries (Nasdaq: GFS) (GF) as part of the U.S. CHIPS and Science Act. This investment will enable GF to expand and create new manufacturing capacity and capabilities to securely produce more essential chips for automotive, IoT, aerospace, defense, and other vital markets.

Key Points: 
  • This investment will enable GF to expand and create new manufacturing capacity and capabilities to securely produce more essential chips for automotive, IoT, aerospace, defense, and other vital markets.
  • GF is the first semiconductor pure play foundry to receive a major award (over $1.5 billion) from the CHIPS and Science Act, designed to strengthen American semiconductor manufacturing, supply chains and national security.
  • “When I wrote the CHIPS & Science Law, I made sure there was funding especially for the feature-rich, legacy chips that GlobalFoundries produces in Malta and that are essential for America’s auto industry and national defense.
  • “The CHIPS Act funding will help encourage innovation and expansion of this vital sector in our state and across the country.

Cadence to Acquire BETA CAE, Expanding into Structural Analysis

Retrieved on: 
Tuesday, March 5, 2024
Technology, Engineering, Other Technology, Automotive Manufacturing, Aerospace, Manufacturing, Software, Electronic Design Automation, Artificial Intelligence, CDNS, ANSA, Acquisition, General Motors, International, Name, CAE, CFD, EM, Cadence Design Systems, BETA, Share repurchase, Growth, Electronics, TAM, Stellantis, Car, Lockheed Martin, Volvo

The addition of BETA CAE’s proven technologies and talent will accelerate Cadence’s Intelligent System Design™ strategy by expanding its multiphysics system analysis portfolio and enabling entry into the structural analysis segment, unlocking a multi-billion-dollar incremental TAM opportunity.

Key Points: 
  • The addition of BETA CAE’s proven technologies and talent will accelerate Cadence’s Intelligent System Design™ strategy by expanding its multiphysics system analysis portfolio and enabling entry into the structural analysis segment, unlocking a multi-billion-dollar incremental TAM opportunity.
  • Over the past few years, Cadence has expanded its system analysis portfolio to build out a comprehensive multiphysics platform including electromagnetics (EM), electrothermal (ET) and computational fluid dynamics (CFD) solutions, and with BETA CAE, Cadence will enter structural analysis, the largest system analysis segment.
  • Additionally, BETA CAE’s EPILYSIS and FATIQ solvers enable customers to efficiently solve structural analysis and optimization problems.
  • BETA CAE has annual revenue of about $90 million, and Cadence expects BETA CAE to contribute approximately $40 million to 2024 revenue.

Barnes Announces Update to Board of Directors

Retrieved on: 
Tuesday, March 5, 2024
Engineering, Chemicals, Plastics, Aerospace, Manufacturing, Other Manufacturing, Steel, Spirit AeroSystems, Diving, LMT, Operating partner, Barnes Group, Barnes Foundation, M.I.T, Lawrence Technological University, Confidentiality, University, Harvard University, Retirement, Harvard Law School, Foundation (nonprofit), Lead, Advent International, BofA Securities, Family, Latin honors, Security (finance), Electricity, Harvard Business School, Lockheed Martin, SPR, Management

Mr. Barnes will become Chairman Emeritus and continue to lead the Barnes Foundation following his retirement from the Board.

Key Points: 
  • Mr. Barnes will become Chairman Emeritus and continue to lead the Barnes Foundation following his retirement from the Board.
  • Barnes will also work with Irenic to identify an additional mutually agreed upon independent director to appoint to the Board of Directors.
  • Thomas O. Barnes, Chairman of the Board, said, “It has been an honor to serve the company my family founded in 1857.
  • On behalf of the Board and the entire Barnes team, I want to thank Mylle for her service and wish her all the best going forward.”
    Barnes added, “I am delighted that the Board has selected Dick as my successor as Chair of our Board of Directors.

Terran Orbital Corporation Adopts Limited Duration Stockholder Rights Plan; Independent Committee of the Board will Determine Course of Action in Best Interest of all Stockholders

Retrieved on: 
Monday, March 4, 2024
Satellite, Venture Capital, Defense, Other Defense, Professional Services, Technology, Aerospace, Manufacturing, Person, Martin, Disclosure, Orbital Corporation, Lockheed Martin, Lockheed, Security (finance)

The Board adopted the Rights Plan following a non-binding proposal (the “Lockheed Proposal”) from Lockheed Martin Corporation (“Lockheed Martin”) on March 1, 2024 to acquire all outstanding shares of the Company’s common stock for cash.

Key Points: 
  • The Board adopted the Rights Plan following a non-binding proposal (the “Lockheed Proposal”) from Lockheed Martin Corporation (“Lockheed Martin”) on March 1, 2024 to acquire all outstanding shares of the Company’s common stock for cash.
  • However, there is no guarantee that a strategic transaction involving Lockheed Martin or any other party will be approved or consummated.
  • The Rights Plan will expire on the close of business on the first anniversary of the date of entry into the Rights Plan unless extended for two more years by stockholders.
  • The Board may consider an earlier termination of the Rights Plan if market and other conditions warrant.

Mobix Labs Announces Business Update

Retrieved on: 
Thursday, February 29, 2024
Semiconductor, 5G, Mobile, Wireless, Technology, Telecommunications, Acquisition, General Dynamics, Radar, Growth, BAE Systems, Tomahawk, Lockheed Martin, Labs, Satellite

Mobix Labs (Nasdaq: MOBX), a fabless semiconductor company developing disruptive next-generation connectivity solutions that span from wired to next-generation 5G wireless solutions, today announced a quarterly business update.

Key Points: 
  • Mobix Labs (Nasdaq: MOBX), a fabless semiconductor company developing disruptive next-generation connectivity solutions that span from wired to next-generation 5G wireless solutions, today announced a quarterly business update.
  • “As a newly listed public company, I am proud to say we are making great strides in establishing our presence in the global communications market by accelerating our acquisition strategy and delivering best-in-class wireless and connected solutions,” said Fabian Battaglia, CEO of Mobix Labs.
  • Completed immediately accretive acquisition of EMI Solutions, a leading manufacturer of electromagnetic interference filtering products for military and aerospace applications.
  • Awarded design win by RaGE Systems to develop next generation 5G Antenna for radar and imaging sensors.

Rain and Sikorsky Demonstrate Early Detection and Rapid Response to Wildfires With an Autonomous Black Hawk® Helicopter

Retrieved on: 
Tuesday, February 27, 2024
Hardware, Other Defense, Aerospace, Green Technology, Manufacturing, Technology, Defense, Other Natural Resources, Environment, Environmental Issues, Forest Products, Artificial Intelligence, Drones, Natural Resources, Engineering, Multimedia, Intelligence, Wilderness, BLACK, Safety, Sikorsky, Lockheed Martin, Bambi, Water, Wildfire, Instrumentation

View the full release here: https://www.businesswire.com/news/home/20240227825906/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240227825906/en/
    Sikorsky’s Optionally Piloted BLACK HAWK helicopter equipped with MATRIX™ and Rain autonomy systems during fire localization and targeting demonstrations at Sikorsky HQ in Stratford, Connecticut.
  • The Optionally Piloted Black Hawk helicopter flew in autonomous mode with Sikorsky safety pilots on board.
  • An optionally piloted BLACK HAWK helicopter with Sikorsky’s MATRIX™ flight autonomy system was integrated with Rain’s wildfire mission autonomy system.
  • The fully integrated solution performed end-to-end autonomous wildfire response, including early detection, dispatch, route planning, preflight, takeoff, flight, Bambi bucket operations, targeting, suppression, and landing.

Deepwatch Hires Curt Aubley as Chief Operating Officer and Chief Product Officer to Deliver the Next Generation of Its Managed Security Platform

Retrieved on: 
Tuesday, February 27, 2024
Data Management, Security, Technology, Software, Networks, Artificial Intelligence, Internet, CrowdStrike, Culture, GM, Intel, United States Army, Lockheed Martin, Threat, CIO, Plague, Sales

Deepwatch , the leading managed security platform for the cyber resilient enterprise, today announced that Curt Aubley has joined its executive team as Chief Operating Officer and Chief Product Officer.

Key Points: 
  • Deepwatch , the leading managed security platform for the cyber resilient enterprise, today announced that Curt Aubley has joined its executive team as Chief Operating Officer and Chief Product Officer.
  • In this role, Aubley will lead the product and security operations teams, including delivering the next generation of the Deepwatch platform to include AI-driven capabilities as well as open, seamless integrations with a wide array of customer’s data sources.
  • “We’re extremely excited about Curt joining Deepwatch; he brings strong and proven expertise in security operations, product innovation and defeating adversaries,” said Charlie Thomas, CEO of Deepwatch.
  • Aubley is a former US Army officer and combat veteran.

Lockheed Martin CFO to Speak at the J.P. Morgan Industrials Conference

Retrieved on: 
Wednesday, March 6, 2024
Lockheed, LMT, Webcast, Lockheed Martin

BETHESDA, Md., March 6, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) will webcast live a presentation by Chief Financial Officer Jay Malave at the J.P. Morgan Industrials Conference on Wednesday, March 13 at 10:15 a.m. to 10:50 a.m.

Key Points: 
  • BETHESDA, Md., March 6, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) will webcast live a presentation by Chief Financial Officer Jay Malave at the J.P. Morgan Industrials Conference on Wednesday, March 13 at 10:15 a.m. to 10:50 a.m.
  • ET.
  • Access to the webcast will be available at: http://www.lockheedmartin.com/investor .
  • An audio replay will be available for two weeks following the presentation.