BAE Systems to focus more on virtual reality solutions and digital transformation

Key Insights and Signals in Aerospace and Defense

Centre Setup and Expansion
Aerojet Rocketdyne integrates engine manufacturing processes in the new facility 
The company has opened a 51,000-square-foot facility in Camden, Arkansas, consolidating multiple activities involved in producing solid rocket motors. The company will make propulsion systems in the new building to power the updated version of the Patriot Advanced Capability-3 weapon system, which Lockheed Martin makes for defense customers. Read More>>
ST Engineering iDirect wins Trksat 5B ground systems contract 
The company will provide multiple Dialog XIF ground system hubs and 5,000 remotes to Turkish satellite operator Trksat under a new multi-million dollar contract the two companies announced. Once delivered, the ST Engineering iDirect ground systems will run various services over the Trksat 5B satellite for customers in government, enterprise, mobility, and cellular backhaul markets. Read More>>
Ampex announces contract with Boeing for B-52 Stratofortress 
The company has won a fixed price contract with The Boeing Company in support of the US Air Forces Commercial Engine Replacement Program (CERP) of the B-52 Stratofortress. The Ampex Fault Maintenance Recorder will store critical information for the platform on its network file server. Read More>>
BAE Systems enters the production of Network Tactical Common Data Links for the U.S. Navy 
BAE has been awarded by the U.S. Navy a USD 42.6 Mn contract to produce seven Network Tactical Common Data Link (NTCDL) systems. NTCDL enables the U.S. Navy to simultaneously transmit and receive real-time intelligence, surveillance, and reconnaissance data from multiple sources and facilitates the exchange of command-and-control information over multiple data links. Read More>>
Hanwha Systems, Hanwha Defense, and OneWeb Sign MOU for Australian military satellite connectivity services 
At the Farnborough International Airshow 2022 in the U.K., Hanwha Systems signed a three-party MOU with Hanwha Defense Australia and OneWeb, in a bid to tap into the global military satellite internet market. Read More>>
Mergers and Acquisitions
AeroVironment acquires Planck Aerosystems 
AeroVironment acquired advanced unmanned aircraft navigation solutions provider Planck Aerosystems. It intends to incorporate the fully integrated mobile tethered sensor platform AVEM, enabling continuous autonomous operation from vehicles in motion and an array of machine-learning object detection and tracking systems tailored to specific customer needs. Read More>>
QinetiQ to acquire Avantus Federal 
QinetiQ will acquire Avantus Federal LLC from NewSpring Holdings for an enterprise value of USD 590 Mn. Avantus provides mission-focused cyber, data analytics, and software development solutions to the U.S. Department of Defense, Intelligence Community, Department of Homeland Security, and other Federal civilian agencies. Read More>>
Financial and market activity
Lufthansa Group reports Q2 profit 
Lufthansa announced its second quarter 2022 results. Starting things off in a good way for the Lufthansa Group, they had achieved an operating profit of USD 393 Mn. This is a significant step-up for the group as during the same period back in 2021, they reported a negative adjusted EBIT of USD 827 Mn. Read More>>
Howmet Aerospace Inc. CEO John Plant on Q2 2022 results 
Defense aerospace was essentially flat year-over-year and sequentially, driven by continued customer inventory corrections for the F-35. Adjusted earnings per share exceeded the high end of the guidance at USD 0.35 per share, up 59% year-over-year. Read More>>
Executive movements
Mynaric hires a president to oversee the production of laser communications systems 
The company has hired an experienced executive from the optical communications and semiconductor industries as its new president to oversee the production of its laser communications systems. Read More>>
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Latest Industry Insights from Draup Braindesk

BAE Systems plc focuses on virtual reality solutions and digital transformation 

Major Key Recommended Area is Defence and Security Solutions
  • BAE Systems plc developed UAV Intelligent Landing System that enables UAVs to land themselves. It also allows UAVs to autonomously locate a suitable landing strip and land safely without relying on GPS, remote piloting, special equipment on the ground, surveying the landing site, and other external systems. 
  • BAE Systems introduced Digital Autopilot System for long-range maritime patrol missions. It provides pilots with enhanced modes of operation, including control wheel steering, navigation steering, a broad range of hold modes, and an automatic approach to CAT 1 landings. It also provides ARINC 429 interfaces compatible with current and anticipated Global Air Traffic Management requirements.
  • BAE Systems plc developed a futuristic unmanned aircraft concept that uses both fixed and rotary wing flight named Adaptable UAVs which can alternate between the two flight modes in the same mission. 
  • BAE Systems developed optical waveguide technology, LiteHUD smaller by volume and lighter than conventional head-up displays. It enhances situational awareness in the day and night conditions, improving flight safety and reducing pilot fatigue. It enables seamless integration with both existing and future cockpits. 

Startup Spotlight

Company – Dhruva Space | Total Funding  USD 3.51 Mn
About: Dhruva Space develops small satellites in the commercial, governmental, and academic markets to power space-based applications on Earth and beyond. It provides full-stack
space-engineering solutions, mission design, and planning across launch, space, and
ground segments. Read more>>

Latest Reports Published in Draup

Lockheed Martin Corporation Account Intelligence Report 
Lockheed Martin is keen on enhancing a lunar mobility vehicle available to NASA, private companies, and even other space organizations to advance scientific and manned exploration.
It develops 5G networking tech, weapon systems, human-machine interface tech, and AI. 
Read More>>
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