Sikorsky to build hybrid tilt-wing aircraft 

Lockheed Martin’s Sikorsky unit will build new hybrid, tilt-wing aircraft, the company announced this week. The hybrid-electric vertical take-off and landing aircraft will feature wings that tilt at different stages of a flight. The Stratford-based helicopter manufacturer said the aircraft is the first in a series of next-generation vehicles that will utilize more electrical motors and have the ability to fly without a pilot.

Source: Sikorsky to build hybrid tilt-wing aircraft | Hartford Business Journal

BBJ 2023 Book of Lists digital edition 

In a year that continues to present many challenges, there are also many opportunities. Business continues to grow, innovate and learn new lessons from the obstacles that have been placed in front of us. As always, having as much information as possible when making decisions is important and knowledge of industries, trends and competition is key.

Source: 2023 Book of Lists digital edition – Boston Business Journal

J&J completes $16.6B acquisition of Abiomed 

Johnson & Johnson Inc. closed its acquisition of Danvers medical device maker Abiomed Inc. on Thursday. The deal weighed in at $16.6 billion, making it easily one of the largest acquisitions of the year. The acquisition valued Abiomed (Nasdaq: ABMD) at $380 per share — about a 50% premium over where they were trading prior to Nov. 1, when Johnson & Johnson’s (NYSE: JNJ) proposal was first announced. Abiomed shareholders will also receive a non-tradeable contingent value right worth $35 a share in cash if Abiomed achieves certain commercial and clinical milestones.

Source: J&J completes $16.6B acquisition of Abiomed – Boston Business Journal

New facilities will keep Lincoln Laboratory at the forefront of advanced prototyping 

In 1951, the Department of Defense (DoD) needed a homeland air defense system. To develop one, they established with MIT the federally funded research and development center Lincoln Laboratory, where the nation’s first homeland air defense system, SAGE, was successfully prototyped. In the nearly 70 years since then, the Laboratory has continued to innovate technology for the nation — radars, imagers, lasers, and microelectronics that are key to modern defense systems. As technology has progressed, however, some Lincoln Laboratory facilities have not: the original 1950s buildings still make up nearly half the square footage of the Laboratory.

Source: New facilities will keep Lincoln Laboratory at the forefront of advanced prototyping | MIT Lincoln Laboratory

Intel Ignite taps Boston to launch first U.S startup accelerator next month

After graduating close to 100 deep-tech startups from its outposts in Israel and Germany, Intel Corp. is bringing its 12-week accelerator program Intel Ignite to Kendall Square. Tzahi Weisfeld, the Tel Aviv-based general manager of Intel Ignite, said that the ten startups who’ll be in the first Boston batch will be announced in the coming days. Serial entrepreneur Mark Castleman will be managing the hybrid program, slated to start in November.

Source: Intel Ignite taps Boston to launch first U.S startup accelerator next month – Boston Business Journal

Liberty Defense putting ‘ghost guns’ detectors to the test

A Wilmington-based company is putting its system for detecting ‘ghost guns’ to the test at its first beta site. Liberty Defense Holdings Ltd. announced it will deploy its technology to detect concealed weapons and other threats at one of the largest Hindu temples in the United States. The company did not disclose the name of the temple but said it was located in Georgia and that beta testing will continue over the next 12 weeks.

Source: BostInno – Wilmington company putting ‘ghost guns’ detectors to the test

Why the Government Is Boosting Computer Chip Efforts in the U.S.

Semiconductors—the digital machinery running everything from our smartphones and computers to cars and refrigerators—are a vital linchpin to the economy. But only 10% are manufactured in the U.S., while the majority of are produced in Taiwan, South Korea, and China. On August 9, President Joe Biden signed the CHIPS and Science Act, a bipartisan bill to provide $280 billion to support both manufacturing and innovation in semiconductors, among other scientific efforts. CHIPS stands for Creating Helpful Incentives to Produce Semiconductors.

Source: Why the Government Is Boosting Computer Chip Efforts in the U.S. | Tufts Now

Bose plans to close Boston Landing office 

Framingham-based Bose Corp. plans to exit the Boston office it opened four years ago, at the Boston Landing campus in Brighton developed by New Balance’s real estate arm. The consumer electronics company has listed nearly 130,000 square feet of space at 80 Guest St. as available for sublease. The 10-story building has over 200,000 square feet of office and lab space.

Source: Bose plans to close Boston Landing office – Boston Business Journal

GE to split into three companies by 2024 

General Electric announced Tuesday morning that it plans to split into three publicly traded companies over the next three years.

Source: GE to split into three companies by 2024 – Boston Business Journal

Amazon opens robotics facility opens in Westborough 

Amazon.com Inc., one of the state’s largest employers, is expanding again in Massachusetts.The Seattle tech giant (Nasdaq: AMZN) unveiled its new robotics manufacturing facility in Westborough at an in-person ribbon cutting ceremony on Thursday.

Source: Amazon Massachusetts: New robotics facility opens in Westborough – Boston Business Journal

GE Healthcare to buy surgical device maker BK Medical for $1.45B 

General Electric Co.’s health care division has agreed to pay $1.45 billion to acquire BK Medical, a Peabody-based maker of tools that assist surgeons during invasive and robotic operations.

Source: GE Healthcare to buy Peabody surgical device maker BK Medical for $1.45B – Boston Business Journal

Marion mourns loss of Lockheed Martin 

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.

Source: Marion mourns loss of Lockheed Martin | Sippican