This week in Aerospace & Defense: AI & Computer Vision key to augment capabilities as key defense players look to upgrade systems

Latest Industry Insights from Draup Braindesk

Key Players are focused on enhancing their offerings through the implementation of emerging technologies to gain new capabilities in the defense sector.

  • L3Harris partnered with the US Space Development Agency to develop a defense satellite system and support the next-generation development of satellite systems to protect against advanced missiles.

  • Saab acquired a contract of USD 2.1 Bn from the Swedish Defense Materiel Administration for an integrated sensor and command and control system for ground-based air defense.

  • General Dynamics Ordnance and Tactical Systems (OTS) partnered with Dynamite Nobel Defense GmbH (DND) and acquired a deal to develop a Recoil-less Grenade Weapon series for the US DoD market.

Defense Weapon Systems, Combat Vehicles, Simulators, Radar Defence System, Aircraft, and Missiles are seeing significant demand in the defense market in 2021.

  • Textron Aviation Defence LLC in Wichita acquired a USD 12.5 Mn contract for the continued support of operations using Beechcraft King Air turboprops by the Iraqi Air Force.

  • ST Engineering Land Systems and Hirtenberger Defence Systems collaborate to Market 120mm Mortar Systems to develop a superior defense weapon system that is high in performance and reliability.

  • Embraer Defence secured the contract for building four state-of-the-art Tamandaré Class Ships with MEKO Class shipbuilding platform for Brazil’s naval defense.

Latest Reports Published in Draup

Textron account intelligence report: Texton’s Cottonmouth is a purpose-built vehicle for the U.S. Marine Corps’ Advanced Reconnaissance Vehicle program. It delivers advanced maneuverability and a synergized sensor system to enhance reconnaissance operations. Read More>>
Spirit AeroSystems account intelligence report: Spirit AeroSystems is expanding its infrastructure to provide high-quality MRO (maintenance, repair, overhaul) solutions. It builds several pieces of Boeing aircraft, which includes fuselage and cockpit sections. It also produces front wing spares for the Airbus A350. Read More>>

Key Funding Alert

Spacetech startup GalaxEye raises pre-seed round led by Speciale Invest

GalaxEye will deploy the funds to strengthen and build robust technology infrastructure, prototype development, and create a world-class team to accelerate the growth of space infrastructure in India. Read More>>

Startup Spotlight

Company – Orbex Space
HQ Location – Inverness, United Kingdom
Total Funding – USD 63.71 Mn
About: Orbex developed low-carbon, high-performance micro-launch vehicles. They launch customer satellites into polar and sun-synchronous LEO. They have higher reliability, more flexible mission profiles, and regular, scheduled launch service. Read more>>

Key Insights and Signals in Aerospace

Mergers and Acquisitions
Cobham considers merger or takeover of Ultra Electronics
Cobham said it was considering a possible combination with Ultra Electronics Holdings, which has sites in Ferndown and Weymouth. Ultra responded by saying it had called off discussions at a very early stage, raising the possibility that Cobham could mount a hostile takeover. Read More>>

General Electric Company and Safran SA joint partners to developing a hybrid jet engine
General Electric Company and Safran SA have unveiled plans to create an open-bladed jet engine that can reduce fuel use and carbon emissions by 20%. They are extending their CFM International JV by a decade to 2050. Read More>>

Deal and Deal Renewals
Airbus to provide satellite maritime surveillance services for the UK Royal Navy
The Airbus surveillance services will give JMSC a greater understanding of the various activities across UK waters, especially with a focus on potentially uncooperative vessels, helping to better address security challenges and allowing resources to be rapidly deployed to intercept. Read More>>
Algorithmia selected for use by Raytheon Technologies
Algorithmia and other leaders in artificial intelligence and machine learning will enable Raytheon Technologies’ TITAN team to deliver easily digestible data to Army operators. TITAN will ingest data from space and high-altitude, aerial and terrestrial sensors to provide targetable data to defense systems.
Read More>>

Executive Movement
Airbus SE appoints new executive VP Digital and Information Management
Airbus SE has appointed Catherine Jestin as Executive VP Digital and Information Management. Jestin is responsible for driving Information Technology systems and solutions supporting Airbus employees, customers, and suppliers. Read More>>
New board leaders elected for Aerospace Corporation that includes former NASA Chief + Recent Deputy SecDef
Stephanie L. O’Sullivan was elected chair of The Aerospace Corporation (Aerospace) Board of Trustees, effective June 11. Retired US Air Force General Paul J. Selva will serve as vice-chair, replacing O’Sullivan in this role. Read More>>

Center setup and expansion
Behind the scenes at Airbus Airtec testing facility in Filton
Airbus has opened the doors to its most advanced research and test facility, located in Filton, UK, and equipped with the latest machines and equipment for structural and materials testing. Read More>>
Teijin Ltd. joins Spirit AeroSystem Aerospace Innovation Centre
Teijin will work alongside Spirit and other members of the AIC to enhance its capabilities and to contribute to Spirit AeroSystem’s vision to enable innovative technologies and build a sustainable future. As one strategic focus of its medium-term management plan for 2020-2022. Read More>>

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