02 Jun 2022Aerospace
Boeing selects AWS’s cloud portfolio to strengthen its digital foundations for aerospace design and manufacturing

Key Insights and Signals in Aerospace and Defense

Center Setup
Hanwha plans USD 320 Mn investment plan for solar manufacturing
The company announced the investment plan for solar manufacturing expansion in the United States and Korea. Hanwha will spend USD 170 Mn for building a 1.4-gigawatt solar module production facility in the US. The factory will come online as early as the first half of 2023. Read More>>
Deal
General Dynamics wins NSA contract
The NSA contract will see the aerospace and defense company design, develop, test and deliver a certifiable 400 Gbps encryption solution. The General Dynamics solution has two modules to provide scalable encryption to protect classified data centers and cloud environments. Read More>>
General Dynamics wins deal to support Abram’s tank system
The company recently clinched a modification contract to offer technical support to Abram’s tank systems. The deal has been awarded by the U.S. Army Contracting Command, Detroit Arsenal, MI. Read More>>
Partnerships
Rheinmetall and 4iG and HM EI joint venture in Hungary 
The companies will set up a joint venture in Hungary to develop and sell digitalization solutions. Rheinmetall AG (51%), 4iG Plc (39%), and the HM Electronics, Logistics, and Property Management PCLS. The joint venture will bring together the expertise of the three founding companies to produce military equipment of international excellence. Read More>>
Boeing and AWS join forces to transform the aerospace design and manufacturing
The two companies have announced an expanded relationship that extends the aerospace leaders’ existing cloud operations and streamlines Boeing’s approach to cloud computing. AWS will power new and existing Boeing digital applications to unlock valuable insights to drive product innovation, more efficient operations, and improved customer support. Read More>>
Executive Movement
Northrop Grumman names Kenny Robinson as Chief Diversity Officer 
The company named Kenny Robinson as VP and chief diversity officer. Robinson will report to Kathy Warden, chair, CEO, and President, and will work closely with the company’s executive leadership team. Robinson is currently VP of Engineering and Sciences for a division in the Mission Systems sector. Read More>>
Neil McManus appointed to the managing director role at Marshall Aerospace
Marshall transformation director Neil McManus has been appointed as managing director of Marshall Aerospace. Neil joined Marshall in September 2021 as transformation director, a newly created role on the Marshall executive team responsible for driving a Marshall-wide transformation agenda. Read More>>
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Latest Industry Insights from Draup Braindesk

  1. MBDA focuses on strengthening its Missile and Naval solutions specializing in Air Defence systems, by enabling various services to equip missiles. 
  2. MBDA intends to provide a wide range of technologies to the defense industry, such as artificial intelligence, cyber security, and advanced materials. 
  3. MBDA is keen on providing advanced Weapon Systems to efficiently engage sea and land targets at long ranges, with mission control throughout the missile flight. 
  

Funding Alert

Hanwha invests USD 320 Mn in solar cell manufacturing in the U.S. and Korea
Hanwa received an investment plan for solar manufacturing expansion in the United States and Korea to provide secure, cleaner energy amid mounting calls for energy security and net-zero emissions. The company is planning to expand cell production capacity in Korea. Read more>>

Startup Spotlight

Company – Pixxel
Total Funding – USD 32.98 Mn
Pixxel builds a constellation of advanced hyperspectral earth imaging small satellites. By capturing images in a 100s of hyperspectral bands, Pixxel can see things in 50x richer detail. Pixxel is leveraging the unique hyperspectral nature of satellite imagery to build a health monitor for the planet. Read more>>
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