BAE Systems’ multi-sensor satellite cluster to provide the military with real-time space intelligence

Key Insights and Signals in Aerospace and Defense

Tata Elxsi partners with ISRO to develop crew recovery models for the Gaganyaan mission
Tata Elxsi’s CMRMs simulate the actual crew module for effective training. One of the key requirements of this project is the safe recovery of the crew, which must be carried out with minimum lapse of time. Read More>>
BAE Systems ignites defense innovation with a new collaboration
BAE Systems and Stone & Chalk are collaborating on the “Pathfinder Series” workshops to foster innovation in the defense and security sectors. The workshops will bring together start-ups and scale-ups to explore opportunities and challenges, contributing to advancing defense technologies in Australia. Read More>>
Curtiss-Wright awarded a US$ 24 Million contract to provide flight test instrumentation equipment for the F-35 technology refresh 3 program
The contract involves providing advanced and reliable high-speed flight test instrumentation systems to support the test and evaluation of F-35 TR-3 configured aircraft. Technology Refresh 3 upgrades the F-35’s hardware and software to improve displays, memory, computer processing, and future modernization. Read More>>
T&T SpaceX gets a 10-year license for Starlink
The license allows SpaceX to offer public domestic fixed telecommunications services via satellite. Starlink plans to launch its satellite service in the second quarter of this year, offering reliable and weather-resistant internet connectivity to rural communities in Trinidad and Tobago. Read More>>
Executive Movements
Hensoldt South Africa appoints GEWs new Chief Executive
Hensoldt South Africa has appointed Gilbert Do Nascimento new Chief Executive for the GEW business unit. He brings extensive experience from his previous roles in aerospace divisions and Airbus Helicopters, contributing to HENSOLDT’s goal of becoming a leading defense and security electronics company in South Africa. Read More>>
Chemring Group plc appoints Alpna Amar as an Independent Non-Executive Director with immediate effect
A qualified Chartered Accountant, Alpna, currently the Corporate Development Director of Kier Group PLC, brings over 22 years of corporate, operational, and commercial finance, strategy, M&A, and investor relations experience in both corporate and consulting positions. She will also join the Audit and Nomination Committees. Read More>>
Product Launch
Boeing to roll out 737-10, 777-9 planes at Paris Air Show
The new aircraft models promise improved fuel efficiency and lower emissions, aligning with the industry’s focus on sustainability. The event allows Boeing to showcase its offerings amidst a surge in air travel demand. Read More>>
BAE Systems announces low earth orbit cluster for secure digital military intelligence
BAE Systems is preparing to launch its first multi-sensor satellite cluster, AzaleaTM, in 2024. The cluster will provide real-time high-quality information and intelligence from space to military customers, enhancing the UK’s space capabilities and supporting military operations and disaster response with timely and actionable intelligence. Read More>>
Chandrayaan-3 will be launched in mid-July
The Indian Space Research Organisation plans to launch the Chandrayaan-3 moon mission in mid-July. The mission is in its final stages of preparation, with initial operations underway to check the satellites, including the propulsion module, orbiter, lander, and rover. The Gaganyaan mission was delayed due to the COVID-19 pandemic. Read More>>
Financial and Market Activity
Reliance Infrastructure: Q4 FY 23 results media release
Reliance Infrastructure Limited reported a consolidated operating income of INR 22,681 Cr (US$ 2.7 Bn) in FY23, a 22% increase from FY22. The consolidated operating EBITDA before exceptional items reached INR 5,352 Cr (US$ 650.7 Mn), up 30% from FY22. In Q4 FY23, the consolidated operating income was INR 5,129 Cr (US$ 623.6 Mn), reflecting a significant 58% growth compared to Q4 FY22. Read More>>
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Latest Industry Insights from Draup Braindesk

Defense Operations
  • Raytheon Missiles & Defense is keen on expanding its defense operations through Hypersonic Attack Cruise Missile to provide its warfighters with a much-needed capability with advanced threats emerging around the globe.  
  • By leveraging mature technologies across the current portfolio, Raytheon Missiles & Defense create efficiencies, reduces qualification time, and demonstrates GPI capability. 
  • Raytheon Technologies’ missile defense portfolio combines sensors, interceptors, and command & control networks to track and defeat various threats.  
  • The Company developed new capabilities against advanced threats by applying rocket propulsion technology to defense solutions.
Advanced Missile Systems
  • Raytheon Missiles & Defense focuses on enhancing its advanced missile solutions by developing air and missile defense sensors that perform more against various threats, from human-crewed and crewless aircraft to cruise missiles and ballistic missiles. These sensors can detect unseen threats at greater distances, higher velocities, and from any direction.  
  • Raytheon has separately developed GhostEye MR, a medium-range battlefield radar, by leveraging the advancements of GaN technology and commonality with Active Electronically Scanned Array radar.  
  • Service providers with rich expertise in Advanced Missile Systems would be winners.

Key Funding Alert

Lockheed and Raytheon VC units invest in digital manufacturing company Fortify
The US$ 12.5 Million investment will support the development of Fortify’s Digital Composite Manufacturing (DCM) system, aimed at complex structure production operations. Fortify also highlights In-Q-Tel and the Department of Energy as potential customers. Read more>>

Startup Spotlight

Company – The Exploration Company
Total Funding  USD 51.35 Mn
About: The Exploration Company develops, manufactures, and operates modular and reusable spaceships named Nyx, which serve the needs of space stations around Earth and the Moon. Nyx can be refueled in orbit, uses green propellants, and open source its operating system. Read more>>

Latest Reports Published in Draup

Northrop Grumman Corporation Account Intelligence Report
Northrop Grumman develops test solutions to integrate huge, uncrewed aircraft systems by concentrating on deep space exploration and creating a long-term human presence on and around the moon. Read More>>
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