Friday, April 19, 2024
Friday, April 19, 2024
This Friday INSIDER Daily Digest has news on humvee modernization funding, the new venture capital fund LMI Ventures, DARPA, U.S. Transportation Command and more.
The Army wants money to modernize a bunch of humvees:
Army to seek funding in FY-20 to launch humvee recap program
The Army's fiscal year 2020 budget request will include $7.5 million in research and development funding to launch a new program that aims to modernize the balance of the service's humvee fleet -- about 50,000 vehicles -- that will not be replaced by the Joint Light Tactical Vehicle.
Inside Defense recently chatted with the chief executive of LMI:
Zolet: LMI Ventures will look to early-stage companies to find relevant technology
LMI Ventures, the new venture capital fund created by LMI, will focus on key technology areas that could benefit the company's customers and seek to make small bets in early-stage companies, according to LMI's chief executive.
DARPA is expected to unveil a plan in the Pentagon's fiscal year 2020 budget request to pour $2 billion into AI research and development over the next five years:
DARPA 'emphasizing execution,' using other transactions in pursuit of $2B AI Next advances
The Defense Advance Research Projects Agency is seeking to quickly pursue advances in artificial intelligence through 90-day competitions for other transaction agreements as part of its $2 billion AI Next campaign.
The head of U.S. Transportation Command testified before Congress this week:
TRANSCOM chief ranks sealift as top readiness concern
The chief officer responsible for transporting military supplies and personnel around the world said sealift is his command's top readiness issue.
Document: Senate hearing on EUCOM, TRANSCOM
The head of the Missile Defense Agency recently responded to a query from Inside Defense on which companies have proposed conceptual designs for a Space Sensor Layer:
MDA identifies nine companies competing for Space Sensor Layer
The Missile Defense Agency has identified the nine companies that proposed conceptual designs for a Space Sensor Layer, establishing a competitive field for a network of orbiting satellites optimized to give U.S. military commanders a long-desired capability: the means to continuously track long-range missiles from launch to impact -- a tool deemed essential to defend against hypersonic threats.