Pison Technology raises $7M in Series A funding

A tech startup that launched in 2016 is planning to double its headcount in New England after raising new investment funds.MIT spinoff Pison Technology, which has around 40 local employees, closed a $7 million round this month to bring its total funding to $11 million, according to CEO Dexter Ang.A MassChallenge Boston alum, Pison Technology is developing a wrist sensor that enables hands-free control of electronics. The device, which is the size of an Apple Watch, captures neuromuscular signals on the surface of the skin and combines them with machine learning algorithms to interpret how people intend to move their hands, and transmits those signals to a smartphone to control digital devices.Led by Lavrock Ventures, the Series A round saw participation from returning investor In-Q-Tel, a nonprofit investment arm of the CIA, and Bose Venture Capital.

Source: Pison Technology raises $7M in Series A funding, plans to hire in Massachusetts – Boston Business Journal

Stratford-based Sikorsky lands $1B contract for U.S. Air Force helicopter upgrades

A week after awarding Sikorsky $478 million to complete a fleet of “Marine One” helicopters for use by the White House, the Department of Defense signaled the Stratford manufacturer could see nearly $1 billion more to upgrade a fleet of helicopters.

Source: Stratford-based Sikorsky lands $1B contract for U.S. Air Force helicopter upgrades

Sikorsky to build five presidential helicopters

PATUXENT RIVER NAS, Md. – U.S. Navy helicopter aviation experts are ordering five new VH-92A presidential helicopters for the U.S. president and other high-ranking government dignitaries under terms of an order announced Friday worth nearly a half-billion dollars.

Source: presidential helicopters avionics | Military & Aerospace Electronics

Evolv Technology raises $14.5M in new debt financing 

Evolv Technology, which has pulled in funding from Jeb Bush’s firm and Bill Gates, has now raised an additional investment.The Waltham-based maker of touchless security-screening systems said Monday in a regulatory filing it has raised just north of $14.5 million in the first tranche of a $30 million offering of debt and other securities.

Source: Evolv Technology raises $14.5M in new debt financing – Boston Business Journal

Raytheon fears Biden will cancel $500M arms sale to Saudi Arabia

The Biden administration will cancel a $500 million sale of bombs to a US ally – believed to be Saudi Arabia – the CEO of a major defense contractor predicted on Tuesday.

Source: Raytheon fears Biden will cancel $500 million arms sale to Saudi Arabia, report says

Romanian government approves Naval Strike Missile buy from Raytheon

WARSAW, Poland — The Romanian government has approved and sent to the parliament a draft bill that will allow the country to buy Naval Strike Missile coastal defense systems through a foreign military sales (FMS) procedure.

Source: Romanian government approves Naval Strike Missile buy

Raytheon Technologies awarded $145.1M Tomahawk Modification

Raytheon Technologies (NYSE:RTX) has been awarded a ~$145.1M modification to previously issued fixed-price-incentive-firm-target, firm-fixed-price contract.The modification exercises an option for the production and delivery of 90 full rate production Lot 17 Block V Tactical Tomahawk (TACTOM) All Up Round Vertical Launch System missiles, including related hardware and services for the Navy.Work to be performed at multiple locations; and is expected to be completed in December 2023.

Source: Raytheon Technologies awarded ~$145.1M U.S. Navy contract modification (NYSE:RTX) | Seeking Alpha

Hyundai Closes Deal on Robot Maker Boston Dynamics

Last week, Massachusetts-based robot maker Boston Dynamics announced that it was becoming part of the South Korean Hyundai family, subject to all the usual regulatory requirements and formal approval inherent in international acquisitions. The huge $1.1 billion deal will see Hyundai Motor Group take an 80% stake in the company, with SoftBank controlling the leftover 20%. It’s the latest in a series of notable sales by the Japanese multinational conglomerate holding company SoftBank. In September, SoftBank made the news when it announced the sale of Arm Holdings to NVIDIA for $40 billion.

Source: In Yet Another Acquisition for Boston Dynamics, Hyundai Closes Deal on Robot Maker – News

Raytheon shoots down ICBM in homeland defense test 

“As part of a historic Missile Defense Agency demonstration and for the first time ever, an intercontinental ballistic missile target was intercepted and destroyed outside Earth’s atmosphere by an advanced SM-3 Block IIA ballistic missile defense interceptor made by Raytheon Missiles & Defense,” Raytheon (RTX -1.2%) writes in a new press release.

Source: Raytheon shoots down ICBM in homeland defense test (NYSE:RTX) | Seeking Alpha

SoftBank Is in Talks to Sell Robot Maker Boston Dynamics to Hyundai

SoftBank Group Corp. is in talks to sell robot maker Boston Dynamics Inc. to Hyundai Motor Co., people familiar with the matter said.Proposed terms of the deal would give the South Korean automaker control of the robotics company in a transaction valued at as much as $1 billion, said one of the people, all of whom asked not to be identified because the discussions are private. The terms have yet to be finalized, and the deal could fall apart, said the people.

Source: SoftBank Is in Talks to Sell Robot Maker Boston Dynamics to Hyundai

Raytheon to shrink office space in push for ‘huge savings’ 

Raytheon Technologies Corp. is planning to shrink its office space even more than originally planned.The Waltham-based aerospace and defense company (NYSE: RTX), one of the largest employers in Massachusetts, reported earnings on Tuesday. CEO Gregory Hayes gave analysts an update on the previously announced plan to reduce $2 billion in costs this year and save $4 billion in cash as the pandemic crushes airline travel, which resulted in thousands of job cuts.

Source: Raytheon to shrink office space in push for ‘huge savings’ – Boston Business Journal

US Army Selects L3Harris Technologies’ Enhanced Night Vision Goggle Technology

LONDONDERRY, N.H.–(BUSINESS WIRE)–The U.S. Army has selected L3Harris Technologies’ (NYSE:LHX) Enhanced Night Vision Goggle – Binocular (ENVG-B) to enhance situational awareness and increase soldier mobility and protection.

Source: US Army Selects L3Harris Technologies’ Enhanced Night Vision Goggle Technology | Business Wire