Boeing bags USAF guidance subsystem contract

Key Insights and Signals in Aerospace and Defense

Boeing to slash 2,000 jobs to ‘simplify’ corporate structure, reportedly outsources some jobs overseas
Boeing is planning to slash around 2,000 jobs this year, primarily in finance and human resources, to simplify its corporate structure. The U.S. planemaker confirmed to FOX Business Digital on Monday that the job cuts will come through a combination of attrition and layoffs. Read More>>
Centre Setup and Expansion
Boom Supersonic begins construction of its factory
Boom Supersonic started constructing its Overture Super factory in Greensboro, North Carolina. This manufacturing facility will house the final assembly line, a test facility, and a customer delivery center for the company’s flagship supersonic airliner, the Overture. Read More>>
Boeing lands USD 1.6 Bn missile contract with ties to Huntsville
Boeing landed a contract for Air Force missile work. The mission will be supported in Alabama. Contract work will be performed primarily in Utah and Ohio, but the project will be supported at Boeing’s office in Huntsville. The contract calls for guidance subsystem support for the Minuteman III ICBM, which will continue for 16 years. Read More>>
Iberia Maintenance signs contract to service RwandAir’s Boeing 737s
The two companies signed a multi-year contract to maintain the engines powering the carriers Boeing 737 fleet. RwandAir selected Iberia Maintenance after a rigorous process, with a proposal deemed the most competitive, including engine lease, logistics, and customized work scoping utilizing the Spanish company’s engineering expertise. Read More>>
Tata’s Air India to seal half of the jumbo plane order with Boeing and others
Air India is set to place an order for 190 Boeing 737 MAX narrowbody planes and some 20 Boeing 787s and 10 Boeing 777X on a day marking one year since Tata Group took control of the former state-run carrier. Read More>>
IIT Madras, in collaboration with ISRO, plans to develop an astronaut training module
The training module for the Indian Spaceflight Programme will use Augmented Reality / Virtual Reality / Mixed Reality (AR / VR / MR). Furthermore, Indian Space Research Organization aims to utilize the advanced technologies created at the newly-established eXperiential Technology Innovation Centre (XTIC) at IIT Madras to promote Research and Development (R&D) in the domain of Extended Reality. Read More>>
Executive Movements
Vertical Aerospace appoints John Martin as the chief financial officer
Vertical Aerospace strengthened its executive leadership team by appointing John Martin as a chief financial officer (CFO). John joins Vertical after a successful 30-year career in senior operational and financial management roles of large, international businesses. Read More>>
Embraer appoints Andreza Alberto
Embraer announced that Andreza de Souza Alberto, current director of operations at Embraers Gavio Peixoto (SP) unit, will be the new vice president of People, ESG, and Corporate Communications. The current VP of the area, Carlos Alberto Griner, announced his decision to leave the company in December. Read More>>
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Latest Industry Insights from Draup Braindesk

Draup has identified four key segments that will become the overwhelming focus in enhancing the Aerospace industry throughout the following decade.

  1. Aircraft Automation: Aerospace key players are keen to shape the aerospace industry by developing advanced autonomous aircraft to manage aircraft and activities with AI-powered technologies, airlines, and flight operators in a connected aerospace ecosystem. 
  2. Aircraft Maintenance: Aerospace clients are keen on providing advanced aircraft maintenance services by partnering with aerospace service providers and technology firms.
  1.  Communication Terminals: Aerospace providers are focused on providing laser satellite communications, Air to Ground Communications, and 4G LTE Aircraft Communications Systems by leveraging wireless services, connected intelligence, and digital radio frequency technology. 
  2. Aircraft Cybersecurity: Top technology service providers intend to help their aerospace clients to provide advanced cybersecurity solutions in avionics with better detection capabilities, attack warning, and mitigation that enables real-time detection of cyberattacks.
Smart Mobility
  1. Electric Aircraft: Aircraft OEMs1 collaborate with their suppliers to design new systems that hybridize traditional propulsion systems and implement new electrical-intensive architectures that help aircraft reduce fuel consumption, carbon emissions, and noise. 
  2. Urban Air Mobility: Aerospace providers intend to create a real need for innovative mobility solutions by developing advanced unmanned aircraft systems with the help of new technologies and automation solutions. It provides the ultimate solution to urban traffic safety problems.
  1. Smart Factory: Top aircraft manufacturers focus on developing ground-breaking new technologies and manufacturing techniques to improve operations by deploying digital capabilities to bring real-time data visualization about processes and operations. 
  2. Digital Manufacturing: The aerospace manufacturer is focused on trimming automation and robotics improvement to develop 3D printed Aero components, monitor production flow using IoT2, and optimize aircraft quality inspection using drones.

Key Funding Alert

SpaceX rival from Munich lands USD 40.5 Mn funding to fly cargo and humans into space TFN 
The Exploration Company is designing the first European space capsule that will use green propellants and open source its operating system. It will build a sustainable, reusable space capsule to be used by private and public operators to fly cargo into space, resupply space stations, and transport humans later. Read more>>

Startup Spotlight

Company – Orbital Sidekick
Total Funding  USD 46.77 Mn
About: Orbital Sidekick utilizes satellite-based hyperspectral technology – capturing hundreds of narrow contiguous spectral bands, from visible light through infrared – to help commercial and government organizations meet their sustainable operations, ESG, and security goals. Read more>>

Latest Reports Published in Draup

Leonardo S.p.A. Account Intelligence Report
Leonardo provides advanced manufacturing technologies and enhances the suite of integrated tools to improve the incident response in case of cyber attacks. It aims to implement the DSS-IRST system that detects and tracks symmetric and asymmetric targets to protect naval units. Read More>>
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