TechTaffy

tech:

taffy

Lockheed Martin Awarded $154M Navy Electronic Warfare Contract

By TechTaffy Desk

lockheed_eletronic_warfare

The U.S. Navy has awarded Lockheed Martin a $154 million contract to upgrade the fleet’s electronic warfare defenses against evolving threats, such as anti-ship missiles.

Under the low-rate initial production contract for Block 2 of the Navy’s Surface Electronic Warfare Improvement Program (SEWIP), Lockheed Martin will provide additional systems to upgrade the AN/SLQ-32 systems on U.S. aircraft carriers, cruisers, destroyers and other warships with key capabilities to determine if electronic sensors are tracking the ship.

Block 2 is the latest in an evolutionary succession of improvement “blocks” the Navy is pursuing for its shipboard electronic warfare system, which will incrementally add new defensive technologies and functional capabilities.  In 2013 and 2014, Lockheed Martin was awarded 24 systems as part of low-rate initial production, the first 10 of which have been delivered to the Navy on schedule.

Work on the SEWIP program will be performed at the company’s Syracuse, New York, facility.

[Image courtesy: Lockheed Martin]

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.