Key Insights and Signals in Aerospace and Defense
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Centre Setup and Expansion
Pratt & Whitney continues to expand and transform the global GTF MRO footprint
With estimated demand for more than 30,000 single-aisle aircraft expected in the next 20 years, Pratt & Whitney, a Raytheon Technologies business, is expanding its global footprint and enhancing capabilities of the network of GTF maintenance, repair, and overhaul facilities. Read More>>
Deals
AeroVironment wins U.S. Army Switchblade 300 deal
The U.S. Army has awarded AeroVironment a US$ 20.9 Million contract for its Switchblade 300 tactical missile system. The Switchblade 300 is a rapidly deployable, man-portable, high-precision strike loitering missile system against stationary and moving targets. Read More>>
Lockheed wins US$ 680 Million in contracts to produce HIMARS systems
The U.S. Army has awarded Lockheed Martin two contracts to produce High Mobility Artillery Rocket Systems. Lockheed Martin is expected to complete the US$ 615 Million contract by May 30, 2026. The Army also awarded another contract to Lockheed Martin worth US$ 64.4 Million. Read More>>
BAE Systems awarded U.S. Navy C4I support contract for surface ships
The total value of the eight-year indefinite delivery, indefinite quantity (ID/IQ) contract is US$ 537 Million. Under the new ID/IQ contract, BAE Systems will provide C4I services and data deliverables throughout the five phases of shipboard integration. Read More>>
Merger and Acquisition
MTU Aero Engines acquires Starnberg electric motor developer eMoSys GmbH
The acquisition will enable MTU Aero Engines to enhance its capabilities in designing, developing, and manufacturing electric motors for aerospace applications. eMoSys will continue to operate under its brand and maintain its headquarters in Starnberg, Germany. Read More>>
Partnerships
AMRC co-pilots Future Air Support with BAE Systems
Aerospace giant BAE Systems has teamed up with the AMRC to drive digital innovations, including data visualization, automation, and digital inspection into aircraft maintenance to reduce costs, improve efficiency, and lower carbon emissions. Read More>>
EMBRAER S A signs Memorandum of Understanding with Portuguese defense industry
The main goal of the MoU is the development of the Technological and Industrial Defense Base of Portugal, reinforcing its capacity to develop engineering, research, and development activities. Thus, Embraer reinforces its long-term strategic commitment to Portugal in developing its aerospace and defense ecosystem. Read More>>
Executive Movement
AerSale appointed Andrew Levy to its Board of Directors and planned the retirement of existing members
AerSale Corporation announced that Andrew Levy, Founder, Chairman, and CEO of Avelo Airlines, was appointed to the company’s board of directors on April 15, 2023. Mr. Levy is the Founder, Chairman, and CEO of Avelo Airlines. Before launching Avelo in April 2021, Mr. Levy was a Co-Founder and President at Allegiant Air and CFO at United Airlines. Read More>>
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Latest Industry Insights from Draup Braindesk
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Startup Spotlight
Company – HopFlyt
Total Funding – USD 1.81 Mn
About: HopFlyt’s mission is to be the world leader in aerial mobility under 200 miles. They are building the world’s most aerodynamically advanced electric Vertical Takeoff and Landing (eVTOL) aircraft that transports urban commuters farther and faster for less and is dedicated to emissions-free. Read more>>
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Latest Reports Published in Draup
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Here’s what’s new on our Sales Intelligence Platform
Introducing outsourcing highlights
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- Experience an enhanced outsourcing section in the account profile of the Universe feature, with key highlights and a visually intuitive indicator for any new additions in the last 12 months
- Introducing two more filters: Accounts and My Lists, to help you with search in the Signals section
- Introducing JD Reader App to help you search job listings and get talent demand insights
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