Key Insights and Signals in Aerospace and Defense
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Deal
Boeing sorts out two important 737 MAX deals
The company made a couple of important agreements with airline customers regarding existing and new orders for the 737 MAX. Because of the 737 MAX groundings, Boeing has missed important delivery deadlines with many of its customers. Read More>>
General Dynamics-Iridium team wins USD 324 Mn ground systems contract
The companies have won a potential seven-year contract to build ground entry points and operations centers for a future Space Development Agency satellite constellation. SDA describes the National Defense Space Architecture as a network of interconnected satellites that will provide sensors, surveillance, and communications to users on the ground. Read More>>
US Army signs a USD 687 Mn deal to restock Raytheon Stinger missiles
The US Army has signed an agreement to buy anti-aircraft Stinger missiles made by Raytheon Technologies to replenish stocks sent to Ukraine. The company awarded the contract for 1,468 Stingers. Read More>>
Partnerships
GE Aviation partners with 4AIR to offer business aviation customers access to environmental offsets
In partnership with 4AIR, GE Aviation can provide competitive carbon offset commitments that help the most elite business jet customers compensate for emissions. Read More>>
Lufthansa confirms the joint bid submitted for Italian carrier ITA
The company submitted a joint bid with Swiss shipping firm MSC Group for a stake in ITA Airways. The German airline disclosed it had teamed with MSC, offering an expression of interest to acquire the majority of ITA, which began operations last year after Alitalia ceased flights. Read More>>
Hoist UK partners with Lockheed Martin Space UK
The company has partnered with aerospace and defense company Lockheed Martin to create a bespoke lifting and handling solution for processing within a Satellite Integration Laboratory in Harwell, Oxfordshire, for the UK’s vertical launch space program. Read More>>
Merger and Acquisition
Bombardier EU authorizes the acquisition of Talent 3 by CAF
The company acquired Bombardier’s Talent 3 multiple-unit train platforms in Germany and Alstom’s Coradia Polyvalent in France by railway manufacturer Construcciones y Auxiliar de Ferrocarriles, based in Spain. Read More>>
Kaman Corporation acquires Parkers Aircraft Wheel and Brake Division for USD 440 Mn
The company announced its divestiture of its Aircraft Wheel and Brake Division, located in Avon, Ohio, to Kaman Corporation. The transaction has been entered into in connection with Parker’s proposed acquisition of Meggitt PLC. Read More>>
TransDigm completes the acquisition of DART Aerospace
The company acquired DART Aerospace. DART is headquartered in Montreal, Quebec. The company is a leading provider of highly engineered, unique helicopter mission equipment solutions that predominantly service civilian aircraft. Read More>>
Financial and Market Activity
Bristow Group to release earnings
The company is scheduled to announce its earnings results after the market closes on May 31st. The firm has a 50-day simple moving average of USD 32.62 and a 200-day simple moving average of USD 33.03. Bristow Group has a 52-week low of USD 24.85 and a 52-week high of USD 40.10. Read More>>
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Latest Industry Insights from Draup Braindesk
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Funding Alert
SpaceX aims to raise USD 1.7 Bn
The aerospace firm is looking to raise fresh funding, paying USD 70 a share, 25% above the USD 56 a share the stock traded for in February after a stock split to finance work on its next-generation Starship rocket and its Starlink global satellite internet network. Read more>>
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Startup Spotlight
Company – Skysports
Total Funding – USD 30.89 Mn
Skyports is an urban air mobility infrastructure provider and drone delivery operator for aviation and manages end-to-end drone deliveries. The company secures, designs, builds, owns, and operates passenger and cargo vertiports enabling safe and efficient flight operations within urban and suburban environments. Read more>>
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