Boeing and Korean Air partner to develop UAVs in anticipation of future mobility demand
Key Insights and Signals in Aerospace and Defense
Center setup and Expansion Foundation stone laid for new Airbus assembly factory in Hamburg Around one-hundred Airbus employees will work in the hall, up to 38 meters in height. The A321 XLR model is designed for long-haul routes and can fly non-stop from Hamburg to the U.S. East Coast from 2023. Airbus has received more than 400 orders for the new aircraft. Read More>> L3Harris spending USD 2.58 Mn to expand in Cascade Township The expansion will create up to 50 jobs in the area, with a minimum of 34. L3Harris Technologies sought to consolidate its avionics products manufacturing facilities, considering several out-of-state locations before expanding its Cascade Township location. Read More>> Northrop Grumman establishes a new microelectronics packaging facility for next-generation defense applications The company continued investment in the future of defense microelectronics systems takes another leap forward by creating its “Micro-Line” (μ-Line) in Apopka. The μ-Line will be critical to producing future advanced packaging assemblies integrated with radio frequency, digital, and electro-optic/infrared systems. Read More>>Deals Hanwha Systems signs business agreements with Israeli defense companies Elta and Elbit The company also signed a business agreement on comprehensive cooperation in Elbit’s urban air mobility (UAM) and aviation electronics sectors. The two companies plan to collaborate in the military field and in the private sector to create synergies. Read More>> EnduroSat signs launch contract with German Isar Aerospace Isar Aerospace is gearing up for its first test flight in 2022 from the launch site Andøya Space in Norway. Its Spectrum rocket can deliver 1,000 kg to Low-Earth Orbit (LEO) or 700 kg to Sun-Synchronous Orbit (SSO). EnduroSat offers Shared Satellite Service, in which the company builds software-defined nanosatellites for businesses and science teams. Read More>> General Atomics-Boeing team up to develop high-energy laser weapon system prototype for U.S. Army Delivery will be a 300 kW-class distributed gain laser with an integrated Boeing beam director. The objective of this contract is a demonstration of the design. The system will leverage GA-EMS’ scalable Distributed Gain Laser technology with Boeing’s beam director and precision acquisition, tracking, and pointing software to provide a complete demonstrator with sophisticated laser and beam control. Read More>> L3Harris wins contract to upgrade counterspace systems Space Systems Command awarded L3Harris Technologies Inc. a USD 120.8 Mn contract to develop a ground-based deployable electronic warfare capability that can reversibly deny satellite communications, early warning, and propaganda. Read More>> Pratt & Whitney, selected for NASA Advanced Turbine Tech Project HyTEC, which is part of NASA’s Sustainable Flight National Partnership, is looking to enable breakthrough innovations and help accomplish the aviation industry’s goals to reduce CO2 emissions by 2050 significantly. Read More>> Triumph Group secures Boeing Interiors business This win represents a substantial portion of Triumph’s Interiors business sales over the long term and materially increases Triumph’s backlog. This award follows Triumph’s multi-year restructuring of its Interiors business and reflects its commitment to secure long-term contracts in partnership with leading OEMs. Read More>> US Navy awards BAE Systems USD 478 Mn for SSP Systems Engineering, integration The company has been awarded a five-year Systems Engineering and Integration Support Services contract to support the U.S. Navy Strategic Systems Programs (SSP) office. The SSP oversees the Strategic Weapons System and Attack Weapons System on-board current U.S. Ohio and U.K. Vanguard-class submarines and future U.S. Columbia and U.K. Dreadnought class submarines. Read More>>Partnerships Dubai’s MBRSC to collaborate with Airbus, SpaceX The MBRSC has signed an MoU with Airbus Defence and Space to collaborate on the Emirates Lunar Mission. The two entities will collaborate in the field of material testing in-situ on the surface of the Moon through the material adhesive demonstration (MAD) experiment. Read More>> Frequentis and Unmanned experts join NASA AAM project The companies aim to support the emerging unmanned aviation markets to continue integrating air taxis, which require electric vertical take-off and landing (eVTOL), cargo delivery aircraft, and other new air vehicle concepts into the U.S. national airspace system. Read More>> Hanwha Systems inks deals with Israeli defense companies on AESA radar, aviation technologies Hanwha will push to export its active electronically scanned array (AESA) radar system for civilian use. The AESA radar system is under development by Hanwha, with a state-run defense research institute designed to detect and track multiple targets with more advanced and efficient components. Read More>> Korean Air partners with Boeing to develop UAV The company signed a MoU with Boeing’s subsidiary to develop a lightweight and modularized tactical vertical take-off and landing (VTOL) UAV at the 2021 Seoul International Aerospace and Defense Exhibition (ADEX). Read More>>Executive Movement Airbus Helicopters appoints new MD for Australia and New Zealand Christian Venzal moves to the region from the company’s headquarters in Marignane, France, where he was previously VP, Transversal Coordination and Business Development. In his 30-year long career, he has worked in general management, strategy, sales and customer relations, and procurement. Read More>> Lockheed Martin elects John M. Donovan to the board of directors Previously Donovan served as CEO of AT&T Communications, LLC. He was chief strategy officer and group president of AT&T Technology and Operations from January 2012 through August 2017 and chief technology officer of AT&T Inc. from April 2008 through January 2012. Read More>> Teledyne appoints Vince Morales to the board of directors Mr. Morales joined PPG in 1985, ultimately serving as its CFO since March 2017. At PPG, Mr. Morales progressed through various accounting and finance roles, encompassing controllership, investor relations, treasury, and company-wide business finance. Read More>>
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Latest Industry Insights from Draup Braindesk
The global airlines market size was valued at USD 359.3 billion in 2020 due to the coronavirus outbreak and is estimated to reach USD 471.8 billion by 2021.
Digitization in Airline Industry
Advanced self-service and biometrics: The digitally optimized traveler experience uses facial recognition and touchless technology embedded in various self-service devices. Leading airlines implemented this technology to deliver a ‘walk-through’ airport experience and increase efficiency and safety for airport and airline crews.
IoT-enabled monitoring and Data Prediction: Many airlines are adopting the IoT to improve the operational areas ranging from baggage management to in-flight experience. Machine learning can predict and recommend by processing data to handle turbulence and shifting weather patterns.
Health Passport: The International Air Transport Association (IATA) has developed the Travel Pass framework to help passengers convey the test results to borderline authorities and airlines and allow governments to verify the genuineness of vaccination proofs and passengers’ identities.
Automation and Robotics: COVID-19 has created the need for more contactless interactions. Robots have stepped up to fill the void. This not only includes tasks like temperature checks and disinfection but has also made its way into airline operations.
Key Funding Alert
Vertical Aerospace announces USD 205 Mn in additional funding led by Mudrick Capital
The grant will support its path to scale production and certification of the VA-X4 electric vertical take-off and landing (eVTOL) aircraft. Vertical is targeting the highest global certification for its VA-X4, which will achieve the equivalent safety standard of a passenger jet by 2024. Read more>>
Company – Argo Navis Aerospace Total Funding– USD 711.06 K About: Argo Navis develops innovative chemical propulsion systems for the space industry, guidance, navigation & control, embedded systems & software, and electro-mechanical systems. Its modeling & simulation provides space organizations with performance, scalability, reliability, and cost. Read more>>
Latest Reports Published in Draup
Pratt & Whitney Account Intelligence Report: Pratt & Whitney intends to develop a world-class provider of dependable engines, propulsion systems, parts, and services that meet customer expectations. It focuses on equipping the service centers with auxiliary power unit facilities and automated services. Read More>>
Aerospace Market Analysis 2021:
The aerospace market is classified into commercial aircraft, aircraft maintenance, repair, overhaul services, and aerospace support and auxiliary equipment. OEMs are developing a new business model that allows supply chain integration, low inventory costs, and real-time parts procurement. Read More>>
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