Boeing doubles investment into Autonomous Urban Air Mobility startup Wisk

Key Insights and Signals in Aerospace and Defense

Center setup and Expansion  
Rolls-Royce moves into Leicester space research center  
The British engineering group intends to work closely with Professor Richard Ambrosi, Professor of Space Instrumentation and Space Nuclear Power Systems at the University of Leicester, and other experts, using their capabilities in the space arena. Read More>>
BAE Systems lands DARPA contract for Mission-Integrated Network Control program 
The BAE business focused on information and electronics systems integration will work on DARPA’s Mission-Integrated Network Control program through July 2025 under the cost-plus-fixed-fee contract. Read More>>
IARPA selects BAE Systems to advance machine learning to assure data security  
Under the contract, BAE will develop advanced machine learning, artificial intelligence technology, and traditional digital signal processing techniques (DSP). Read More>>
Mercury Systems awarded USD 17 Mn contract for ruggedized RF microelectronics  
The company will deliver the defense-grade RF microelectronics to support the US’ missile capabilities and its allies to maintain air defenses. Read More>>
EnduroSat and SayariLabs partner to launch Kenya’s first software-defined nanosat  
The yet-to-be-launched nanosat called TAIFA-1 will provide agricultural monitoring and land use mapping to prevent calamities in the region. Read More>>
Joby Aviation teams up with SK Telecom to launch air taxi services in South Korea  
The five-seater air taxis made by Joby will have a maximum range of 150 miles in one trip and a top speed of 200 mph. Furthermore, the Joby-SK air taxi service aligns with objectives set by the South Korean government for the coming decade. Read More>>
Mergers and Acquisition
Anduril Industries acquires autonomous underwater vehicles start-up Dive Technologies  
This acquisition expands Anduril’s suite of autonomous systems, including the proprietary Lattice OS software, and it also extends its unmanned capabilities to the undersea domain, significantly accelerating the company’s strategic growth. Read More>>
Executive Movement
Huntington Ingalls Industries appoints new CEO  
The U.S.’ largest military shipbuilder Huntington Ingalls Industries, named Chris Kastner as their new president and chief executive officer. The HII board also elected president and CEO Mike Petters to become executive vice-chairman of the board for a transition period. Read More>>
QinetiQ US names Shawn Purvis as the new president and CEO  
QinetiQ US has appointed Shawn Purvis as president and CEO. In her new role, Purvis will be responsible for the complete operations of the business while transforming QinetiQ US. Read More>>
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Latest Industry Insights from Draup Braindesk

  • Tata-Airbus joint venture in India, making it the first time a military plane of such size is manufactured domestically. The Indian Air Force has finalized contract to manufacture the C 295 transport aircraft. 
  • Thales and Bharat Dynamics Limited (BDL), a Government of India entity, will work together on the STAR Streak Air Defense system with public and private support from India and the United Kingdom. 
  • Airbus Defense and Space and Tata Advanced Systems Limited (TASL) will jointly implement the project to supply the air force with 56 C-295 transport aircraft as part of the Make-in-India initiative in the aerospace sector. Airbus will deliver 16 aircraft in flyaway condition, while TASL is responsible for building the remaining 40 aircraft in India.


Key Funding Alert

Boeing invests USD 495 Mn in flying taxi developer Wisk  
In addition to supporting the development of Wisk’s 6th-generation eVTOL aircraft, the investment from Boeing will contribute to Wisk’s preparations for launching scale manufacturing and go-to-market operation. Read more>>

Startup Spotlight

Company – Kawa Space
Total Funding  USD 1.17 Mn
About: Kawa Space designs and operates the most advanced earth observation satellite constellations for its customers in financial services, government jobs, strategic risk management, and the agricultural sector. Read more>>

Latest Reports Published in Draup

Indian Aerospace and Defense Captives Analysis  
India’s proactive approach towards foreign mutual trade and rising joint agreements with foreign countries offer substantial potential growth opportunities to boost defense manufacturing. On the other hand, the aviation sector experienced rapid growth and was the world’s third-largest and fastest-growing market in terms of domestic tickets sold. Read More>>
Aerospace Roadmap for 2022 & 2023 
Aerospace Manufacturers continuously develop electric and connected aircraft by leveraging advanced robotics AI/ML solutions to expand avionics, control systems, and cabin systems, from air conditioning to in-flight entertainment. Read More>>

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