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

Abbott Lays Off More than 300 Employees as Testing Demand Declines

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.

Source: Abbott Lays Off More than 300 Employees as Testing Demand Declines

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