BAE and AMRC to drive digital innovations in aircraft maintenance to reduce costs and lower emissions

Key Insights and Signals in Aerospace and Defense

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>>
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>>
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

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>>

Latest Reports Published in Draup

Cobham plc Account Intelligence Report
Cobham is keen to develop RF band applications for low-risk approaches to exploit the electromagnetic spectrum and adaptable for radomes and mounting configurations. It delivers electronic surveillance and attack capabilities for U.S. Navy ships with modernized CAES antennas. Read More>>
Raytheon Intelligence & Space Account Intelligence Report
Raytheon Intelligence & Space enhances machine-to-machine communications that enable real-world proficiency by detecting, locating, and engaging units at sea, in the air, on land, and in cyberspace in response to various mission areas. Read More>>
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