MONDAY, AUGUST 5 , 2019. THE WASHINGTON POST EZ RE A
FINANCE
Old Dominion National Bank
of Ty sons appointed Mark
Merrill board chairman, Jack
Infield president and Wesley
Yuan vice chairman of the board.
COMPANIES
American Community
Management of Hanover
appointed Theresa McCoy
owner.
Apprio of the District
appointed Mark Patzschke vice
president of corporate growth
for the company’s health-care
practice.
LogRhythm of McLean
appointed Mark Logan chief
executive.ASSOCIATIONS
AND NONPROFITS
Conservation Fund of
Arlington appointed Eric
Kostegan executive vice
president for investment and
growth.
Plastics Industry Association
of the District appointed TonyRadoszewski president and
chief executive.LAW AND LOBBYING
Davis Polk of the District
appointed Adam Kaminsky
partner in the firm’s executive
compensation group.Se nd information about promotions,
appointments and personnel moves
in the Washington region to
[email protected].Company Insider Title Date Action Shares Price Now holds
Booz Allen Hamilton Holding Nancy Laben Officer July 26 to July 29 Sold 35,389 69 to 71 23,
Horacio Rozanski Chief executive July 29 Sold 45,000 70.70 552,
Capital One Financial Michael J. Wassmer Officer July 24 Sold 8,212 95.03 84,
CoStar Group Andrew Colden Florance Chief executive July 26 Sold 24,210 628.64 96,
Matthew Linnington Officer July 31 Sold 14,651 617.39 21,
Scott T. Wheeler Chief financial officer July 26 Sold 6,933 629.50 29,
Danaher Brian W. Ellis General counsel July 26 Sold 1,010 144.04 20,
Angela S. Lalor Officer July 23 Sold 20,000 142.30 38,
Robert S. Lutz Officer July 25 Sold 14,668 143.19 to 143.29 21,
General Dynamics Gary L. Whited Officer July 30 Sold 14,029 188.38 49,
ICF International Sudhakar Kesavan Chief executive July 26 to July 31 Sold 15,000 85 198,
Lockheed Martin Marillyn A. Hewson Chief executive July 25 Sold 19,500 368.28 to 369.91 31,
Maryanne R. Lavan General counsel July 24 Sold 1,003 365.50 968
Kenneth R. Possenriede Chief financial officer July 24 Sold 2,000 363.85 2,
Northrop Grumman Christopher T. Jones Officer July 29 Sold 5,000 352.05 to 355.39 64,
Kathy J. Warden Chief executive July 29 Sold 6,837 352.09 to 355.21 92,
W.R. Grace Andrew Hudson La Force Chief executive Aug. 1Bought 4,000 69.04 96,
Thomson Financial
Tr ading as reported by companies’ directors, presidents, chief financial officers, general counsel, chief executives,
chairmen and other officers, or by beneficial owners of more than 10 percent of a company’s stock.
BY PETER HOLLEYA quick browse on Amazon
reveals designers have been hard
at work trying to conquer new
territory in the world of fashion:
air-conditioned clothing.
There are poofy jackets with
fans inside that promise to pre-
vent heatstroke, as well as vests
embedded with dozens of ice
cubes that are allegedly perfect
for anyone “looking to stay cool
during outdoor activities like
mowing the lawn or gardening.”
Now Sony has introduced a
product into this sometimes hu-
morous space: a cellphone-size
device called the Reon Pocket
that operates like a mobile air
conditioner (it also offers heat-
ing). Slipping into the user’s
clothes between the shoulder
blades on a specially designed
shirt, the Bluetooth device,
which is being marketed to busi-
nesspeople, was designed to low-
er the wearer’s b ody temperature
through the Peltier effect.
The method uses an electrical
current to transfer heat between
two conduits, according to II-VI
Marlow, a manufacturing com-
pany that specializes in thermo-
electric energy.
The device is being unveiled i n
what will probably be the hottest
summer on record, a stretch of
scorching m onths that h ave shat-
tered temperature records
around the globe.
June has been established as
the globe’s hottest month on
record, a ccording to t he National
Oceanic and Atmospheric Ad-
ministration.
“Nine of the 10 hottest Junes
have occurred s ince 2010,” NOAA
reported. June 2019 “was the
43rd consecutive June and 414th
consecutive month with above-
average global temperatures.”
July did not provide the world
with much relief. Paris reached
109 degrees, and heat records
have been set in Belgium, the
Netherlands and Germany. Brit-
ain suffered its hottest day ever,
according to provisional data
released by the Met Office, the
United Kingdom’s weather serv-
ice.
The Reon Pocket is part of
Sony’s First Flight crowdfunding
program in Japan, which was
created to encourage the devel-
opment of new products and
businesses, according to the
co mpany.
The device is controlled
through a smartphone that al-
lows users to adjust their body
temperature. After performing
hundreds of simulations, Sony
said the device can lower the
temperature around the wearer’s
body by 23 degrees or raise it by
about 14 degrees.
Sony said the Reon Pocket
weighs about three ounces, mak-
ing it easily concealed inside a
“neck pocket,” which “can be
worn without a sense of incon-
gruity in appearance.”
The rechargeable device will
cost about $120 and be available
only in Japan when it goes onsale next year, Sony said.
A promotional video showing
how t he device works has a ttract-
ed more than 500,000 views.
For those who don’t live in
Japan, there are temperature-
lowering clothing options online
these days, some of them decid-edly low-tech.
There’s Snowballs, a brand of
cooling underwear for men mar-
keted as a male fertility booster.
Women have options, too.
Cool58’s Bra Coolers have
machine-washable pockets that
can be filled with frozen inserts.“Cooling down your chest
starts cooling down your whole
body,” product user Kristen
McRobie told USA To day.
[email protected] More at washingtonpost.com/
businessON I.T.Sony’s Reon Pocket could be hot item
as consumers seek ways to cool down
BY AARON GREGGAmerica’s biggest defense con-
tractors are finding a growth
market in hypersonic weaponry
— missiles that could dodge air
defenses by flying five times the
speed of sound — as U.S. military
leaders have repeatedly described
deploying such weapons as a na-
tional priority.
They are hoping to profit from
an international arms race in
hypersonic weaponry that has
drawn the United States into a
Cold War-style competition with
Russia and China.
With military officials hoping
to transition from research and
development to the more cash-
intensive production work over
the next several years, top U.S.
defense contractors are jockeying
for position. Lockheed Martin,
Raytheon, Northrop Grumman
and Boeing are among the com-
panies developing hypersonic
weapons.
Much of the work is classified.
But executives from several large
U.S. defense contractors say they
are already receiving billions of
dollars in related military con-
tract funding.
“These systems are going to be
deployed in a few years,” Wes
Kremer, president of Raytheon’s
missile systems division, said in a
recent interview with The Wash-
ington Post. He added that such
weapons would allow the U.S.
military to “reach out further, and
strike faster.”
Lockheed Martin chief execu-
tive Marillyn Hewson disclosed
last week that her company has
received about $3.5 billion in
defense contracts related to hy-
personic weapons.
Lockheed is the primary con-
tractor for the Army’s hypersonic
strike program.
Raytheon is also a top contend-
er, with about $1.6 billion in
current and expected awards.
The company recently an-
nounced it had completed a suc-
cessful “design review” f or a hy-
personic missile program it is
working on with the Defense Ad-
vanced Research Projects Agency
(DARPA).
The missile is meant to func-
tion as a “boost-glide” vehicle,
meaning it can fire its engines for
periods of time before slowing
down, allowing it to maneuver.
Raytheon also contributes to
long-range hypersonic strike pro-
grams operated by the Army and
Navy.
Northrop Grumman’s new In-
novation Systems business unit —
formed from the recently ac-
quired assets of a company called
Orbital ATK — is establishing
itself as a leading provider of
hypersonic rocket engines, sign-
ing lucrative partnerships with
Lockheed and Raytheon.
Most o f the current funding for
hypersonic weaponry applies to
“offensive” strike weapons, those
studying the market say. Howev-
er, some executives say the mar-
ket for countering those weapons
could eventually prove to be
much larger, as America’s missile
defense system realigns itself for
a new threat.
Northrop Grumman chief ex-
ecutive Kathy Warden told inves-
tors last week that the counter-
hypersonic weapons are “an area
that we are aggressively pursu-
ing,” noting the company would
still partner with its competitors
when it makes sense.
She said the company is “rapid-
ly establishing itself as the prime”
contender in the counter-hyper-
sonic weapons market.
Raytheon chief executive
Thomas Kennedy said in a recent
call with investors that he thinks
the “counter-hypersonic” weap-
ons could be much more lucra-
tive, because they would rely on a
complex layer of sensors and
communications.
Boeing spokeswoman Deborah
VanNierop declined to disclose
how much funding the company
had received for hypersonic tech-
nology. However, the company
said it has received contracts
from the Missile Defense Agency
to develop concepts for hyperson-
ic defense.
Last year the company un-
veiled two concepts for hyperson-
ic aircraft, VanNierop said, and it
has already developed its own
hypersonic vehicles, including
the X-15, X-43, X-51A, X-37 and
HIFiRE 4.
In a recent hearing of the Sen-
ate Armed Services Committee,
Sen. Angus King, (I-Maine) said
Russia is planning to deploy its
own hypersonic missiles, called
Zircon, which would come years
before the United States is expect-
ed to have its own version.
[email protected] More at washingtonpost.com/
businessDefense industry
moves fast to land
hypersonic deals
Military leaders want
weapons programs out
of R&D, into productioncapital business
APPOINTMENTSTRANSACTIONS
RUSSIAN DEFENSE MINISTRY PRESS SERVICE/ASSOCIATED PRESSAn image from the Russian Defense Ministry’s official website in
2018 identifies a Kinzhal hypersonic missile during a test flight.
TOMMASO79/GETTY IMAGES/ISTOCK
Scorching weather has been an issue all over the world this summer, and companies such as Sony are
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