06 May 2021Aerospace
This week in Aerospace & Defense: Key players float new companies & partnerships to work on satellite tech, perpetual-airborne vehicles

Latest Industry Insights from Draup Braindesk

3D laser scanning and BIM technology integration are some of the major technological trends in the aerospace domain. 

  • Quanergy partnered with Geodetics to use the M8 LiDAR sensor for the Geodetics’ Geo-MMS LiDAR drone mapping product line. 
  • Velodyne Lidar partnered with BoE for Integrating UAVs with LiDAR, enabling complete 360° imaging of geography and providing digital maps for BIM. 

Next-generation satellite developments and accuracy enhancement focus on satellite development and connected vehicle technology. 

  • Thales Alenia Space and Airbus partnered with European Space Agency to develop second-generation Galileo satellites with better inter-satellite links, accuracy, and resilience. 
  • Trimble and Qualcomm partnered for high-accuracy positioning for connected vehicles by providing real-time, multi-constellation GNSS corrections. 

Latest Reports Published in Draup

GKN Aerospace account intelligence report: GKN Aerospace supplies cutting-edge components to the most advanced military aircraft and helicopters and equipment that allow military aircraft to operate faster, safer, and more efficiently. Its technologies boost aircraft performance while lowering aircraft costs, weight, and emissions.
Read More>>

ST Engineering Aerospace account intelligence report: The company specialized in aircraft interiors, pilot training, smart and military MRO, freight conversions, and unmanned aerial solutions. The company’s revenue increased by 30% over last year. Growth can be attributed to newly purchased MRAS1 and end-of-program reviews. 
Read more>>

Key Funding Alert

ALE Company gains additional funding of USD 21 Mn 
The funds will develop its third satellite for human-made shooting stars, the space debris prevention component using an ElectroDynamic Tether, and the component technology for atmospheric data acquisition and establish an organizational structure for the atmospheric data business development. Read More>>

Startup Spotlight

Company – Zenith Aerospace
HQ Location – San Francisco Bay Area, US
Year of Inspection – 2016
Total Funding – USD 2.15 Mn
About: Zenith Aerospace’s aerial platform can fly for years. It uses computer vision and data science for earth imaging. Field operators can get real-time and accurate information to improve and simplify their actions. 
Read More>>

Key Insights and Signals in Draup

Mergers and Acquisition
Lockheed Martin announced an agreement to acquire Aerojet Rocketdyne 
The acquisition provides the corporation the opportunity to integrate Aerojet Rocketdyne’s propulsion systems more effectively into its products, generate cost and revenue synergies, and improve efficiencies in Aerojet Rocketdyne’s production operations. Read More>>
Sierra Nevada Corporation to spin off space division 
Creating Sierra Space will enable the company to capture expected growth in the space industry better. SNC’s space business currently generates USD 400 Mn in annual revenue, and she projected that increasing to USD 4 Bn in 5 to 10 years. Read More>>
Axon Enterprise invests USD 90 Mn in Israel’s Cellebrite 
Axon Enterprise disclosed it entered into a purchase agreement of a USD 90 Mn stake in Cellebrite, which announced it would go public in a merger with SPAC TWC Tech Holdings. Read More>>
Partnership
L3Harris Technologies and American Rheinmetall Vehicles team to pursue US Army’s new fighting vehicle 
As per the agreement, they will jointly develop the U.S. Army’s new Optionally Manned Fighting Vehicle (OMFV), which will replace the Bradley Infantry Fighting Vehicle. Read More>>
AirAsia India extends partnership with Airbus arm NAVBLUE 
The agreement uses NAVBLUE to use N-Flight Planning, Airport Obstacle Database (AODB), and Flysmart+ services. Navigation+ data can be used for board flight management, flight simulators, Air Traffic Management System, mission planning, and ground positioning systems. Read More>>
Executive Movement
Airbus names new COO as defense and technology chiefs step down 
Airbus has named Alberto Gutierrez as its CEO, succeeding Michael Schoellhorn, who will take over as the head of its Defence and Space division. Read More>>
Boeing announces leadership updates 
Boeing also announced that Executive Vice President, Enterprise Operations, and Chief Financial Officer Gregory D. Smith have decided to retire from the company, effective July 9, 2021. Boeing is searching for Mr. Smith’s successor. Read More>>
Kaman announces board of director changes
Neal J. Keating, Chairman of the Board of Directors of Kaman, retired from the Board of Directors at the Company’s 2021 Annual Meeting. In addition to Mr. Keating’s retirement, Kaman also announced the retirement of two of its long-standing Board members, Karen Garrison and Tom Rabaut. Read More>>
Neil Mitchill promoted to Raytheon Technologies CFO 
Mitchill will lead Raytheon’s global finance team and financial strategy and serve as a senior leadership team member in his new role. He has over two decades of finance experience who previously served as acting senior VP and CFO of UTC before the merger. Read More>>
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