L3Harris Technologies (NYSE:LHX) has been received a $100M order from the U.S. Army to deliver the Enhanced Night Vision Goggle – Binocular (ENVG-B) system.
The robots are coming to Sweetgreen.Popular Los Angeles salad chain Sweetgreen has acquired Boston-based Spyce, a robotic kitchen founded by four MIT grads in 2015.At Spyce’s Washington Street location in downtown Boston, robots assemble bowls filled with various vegetables, grains and sauces. The fast-casual spot closed its doors amid the pandemic, but reopened in November, launching an electric moped delivery service.
In June, Raytheon Technologies (NYSE:RTX) won contracts valued $4.9 billion. The contract value dropped in July, but in this report I will discuss why July in my view was a better month for Raytheon Technologies despite the lower contract value.
Desktop Metal Inc. is acquiring another publicly traded 3D printing company in a deal valued at $575 million.The Burlington-based company (NYSE: DM) said on Wednesday it plans to acquire North Huntingdon, Pa.-based The ExOne Co. (Nasdaq: XONE) for a combination of cash and stock worth $575 million. The deal is expected to close in the fourth quarter of this year.
After the Marion Lockheed Martin complex announced it would close by 2022 — former and current employees, alongside town officials, mourned the imminent loss. “I was completely shocked, I gotta say,” said long-time employee Bill Beardsley. Beardsley began his time at Sippican in 1981, and said he remembers the summer before he began working at the company.
The COVID-19 testing bubble could be on the verge of popping for Abbott Laboratories. The company is eliminating 310 jobs at its Westbrook, ME manufacturing facility according to a report from Mainebiz.
In a report published on the 1st of July, I provided a visualization and analysis of the Defense contract awards in May. Due to time constraints, I was not able to publish this report in June as intended, and as a result, I received some comments that I did not include some contracts that Raytheon Technologies (RTX) received recently. In this piece, which includes the June contracts, some contracts are obviously included as the pieces are provided on a monthly basis, and big contracts that are secured in July will be covered in the July piece published in August.
WASHINGTON: The Pentagon is seeking $2.3 billion to improve its ability to make specialized semiconductors for military use, as well as to fund next-generation chip innovation. Semiconductors, used in almost every advanced weapon, are especially critical to enabling a range of defense “disruptive technologies,” such as hypersonics, AI, and 5G — all of which receive significant funding in the proposed 2022 budget.
The time when electric vehicles (EVs) were seen as pet projects that would someday come of age and go mainstream are long gone. In its place is a mad rush to develop EVs across numerous different vehicle categories—from small passenger cars to huge tractor trailers, and all points in between. Automakers across the board are involved in the push, which is driving up expectations about just how many EVs will be on the road and operating within the next few years.
Raytheon Intelligence & Space, a Raytheon Technologies (RTX +0.4%) business, plans to expand the deployment of checked baggage screening equipment to all federally managed airports nationwide under a five-year, $318M contract with the Transportation Security Administration.
Source: (NYSE:RTX) | Seeking Alpha
Cynosure seems to be doing just fine after it was divested from Hologic in 2019. The medical aesthetics company is even getting involved in some acquisitions.The Westford, MA-based company said on Friday it entered into an agreement to acquire the MyEllevate Surgical Suture System, expanding the company’s portfolio of minimally invasive facial rejuvenation solutions.
Department of Defense (DOD) joined the General Services Administration (GSA) and National Aeronautics and Space Administration (NASA) in severely curtailing use of the vilified Lowest Price Technically Acceptable (LPTA) source selection criteria in federal contracting process. The LPTA has long been decried by contractors as an unfair and dangerous method to cut costs and provide shoddy services and products to the federal government.