04 Nov 2021Aerospace
IBM and Raytheon joins forces on AI, cryptography, and quantum technologies for aerospace applications

Key Insights and Signals in Aerospace and Defense

Center setup and Expansion  
Spirit Aerosystems, WSU open new facility for defense and space projects 
The National Defense Prototype Center will develop, test, and industrialize high-temperature materials in aircraft, hypersonic missiles, and other projects. Spirit will work with WSU students and faculty at the National Institute for Aviation Research in developing and manufacturing new products. Read More>>
Bombardier is rapidly bringing new facilities online 
Located at Seletar Aerospace Park, Bombardier built a 400,000-sq-ft center surrounding the original center that it had added in 2014. In addition, Bombardier completed the acquisition of the outstanding shares of Lufthansa Bombardier Aviation Services. Read More>>
Boeing opens new Renfrew R&D facility 
The new facility will house Boeing’s Metallic Research Centre. The center will host the delivery of the firm’s 11.8 million research and development program in collaboration with the University of Strathclyde’s Advanced Forming Research Centre (AFRC). Read More>>
Deals and Deal Renewals 
Honeywell, AJW sign deal for B787 new products 
AJW Group and Honeywell have announced a worldwide sole distributor agreement for the global sales of 29 Honeywell standard-fit new products for the Boeing 787 platform. AJW will be the exclusive aftermarket distributor for all Honeywell’s new products fitted to the current and future fleet of Boeing 787 aircraft. Read More>>
ViaLite supports Raytheon with mission-critical, extended length GPS over fiber 
ViaLite is supplying Raytheon Technologies with its GPS over Fiber Extension Kit for Microchip GPS servers. The kit provides mission-critical GPS timing and synchronization for systems requiring extremely accurate clock signals. Read More>>
Partnerships 
Plug Power and Airbus drive aviation decarbonization with green hydrogen 
Plug Power will establish deployment scenarios for green hydrogen infrastructure at airports, while the European aerospace corporation will provide insight on hydrogen aircraft characteristics. Read More>>
Bombardier signs MoU with Signature Flight Support 
The first collaboration area designates Signature Flight Support as the preferred concierge service provider at Bombardier service centers in the U.S. and Europe. Secondly, the MoU will enhance the service experience for customers as Bombardiers Mobile Response Team (MRT) and associated capabilities, including the OEMs personnel, vehicles, and parts, will be available at various Signature sites across the U.S. and Europe. Read More>>
IBM partners with Raytheon to advance new aerospace, defense, and intelligence solutions 
Defense and aerospace contracting giant, Raytheon, has its sights set on quantum computing for AI, cryptographic, and other areas in aerospace and defense but is now leaning on partner IBM to share some of the technology development load. Read More>>
Mergers and Acquisitions
Rocket Lab closes Advanced Solutions acquisition 
Rocket Lab’s Space Systems portfolio is likely to receive a boost with this buyout, as Advanced Solutions’ expertise in-flight software, mission simulation Guidance, Navigation, and Control solutions will now be in its repertoire. Read More>>
Executive Movement
Timothy McBride Named ST Engineering North America President 
Mr. McBride will oversee the operations of ST Engineering North America through the company’s headquarters in Alexandria, Virginia. Read More>>
Airbus U.S. Space & Defense promotes COO to CEO 
Geckle has worked with Airbus across its major business lines in multiple countries for more than a decade. He has served as Sr. VP, head of Airbus S.A.S. Legal Affairs – Industry & Services in Toulouse, France, and general counsel positions within the Airbus Group in the U.S. and Europe. Read More>>
Spirit AeroSystems announces three new divisions, leadership changes in reorganization push 
The company has reorganized its operations into three business divisions defense and space, commercial and aftermarket, and announced leadership appointments as part of efforts to diversify and focus on key growth markets. Read More>>
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Key Funding Alert

Elon Musk’s SpaceX hits USD 100 Bn valuation after secondary share sale 
SpaceX has an agreement with new and existing investors to sell up to USD 755 Mn in stock from insiders at USD 560 a share. SpaceX’s new valuation makes it one of the rare private “centicorn” or “hectocorn” companies — a USD 1 Bn unicorn 100 times over. Read more>>

Startup Spotlight

Company – Gilmour Space Technologies 
Total Funding  USD 65.46 Bn
About: Gilmour Space Technologies is an Australia and Singapore-based aerospace company developing and launching low-cost hybrid launch vehicles for small satellites up to 400 kg. Gilmour Space signed agreements with prospects for future launches. Read more>>
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