100Unicorns: 100Unicorns launches second fund, eyes $200-million target
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Marines eye 2025 fielding of 3 new, mobile air defense systems
“We are on track from a programmatic standpoint — cost, schedule performance — but we're always gonna be late to need,” said Col. Andrew Konicki, the program manager for Ground Based Air Defense (GBAD). "The threat is ever changing and ever evolving."
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LAX People Mover gets $200 million more to resolve claims between contractor and airport
An additional $200 million will go to the Los Angeles International Airport’s Automated People Mover project after approval by the Board of Airport Commissioners on Thursday. The money will be used to settle claims submitted by the contractor, LAX Integrated Express Solutions (LINXS), and bring the project’s total budget to $2.9 billion. The People Mover is a major part of the airport’s multibillion-dollar plan to overhaul terminals and gates, update airport signage to help travelers navigate...
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Acer Group: Acer group forays into consumer electronics; eyes $100 million in sales
Acer Group on Thursday entered into the consumer electronics market with the launch of the Acerpure brand in India. The company will now sell a range of consumer electronics from TVs and air purifiers to water purifiers, vacuum cleaners, hair dryer, and hair styler.Without giving a timeline, the company’s top official in an interaction with ET said that they hope to achieve the $100 million business as soon as possible. Acerpure India also plans to diversify its offerings, introducing a range of...