Key Insights and Signals in Aerospace and Defense
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Centre Setup and Expansion
Boeing opens its Washington additive manufacturing facility
Boeing opened its new additive manufacturing facility in Auburn, Washington. The new Center of Additive Manufacturing Excellence leverages 3D printing technology to design and manufacture tools and parts for commercial airplanes, helicopters, spacecraft, and satellites. Read More>>
GKN Aerospace celebrates the grand opening aero-engine parts repair facility in Malaysia
GKN Aerospace will celebrate the grand opening of its all-new facility for Aero-engine parts repair in Johor Malaysia with an inauguration ceremony on 22 September. The ceremony was originally scheduled to take place in February 2020 but had to be postponed because of the Covid-19 pandemic. Read More>>
Rocket Lab’s engine test facility moves to Stennis
Rocket Lab will locate an engine test facility for its large new rocket Neutron at NASA’s Stennis Space Center in Hancock County. It selected Stennis Space Center as the site of Archimedes’s Neutron rocket engines’ test and development complex. Rocket Lab expects to begin construction of the Neutron Test Complex soon. Read More>>
Deals
Tucson Raytheon unit wins missile deal worth nearly USD 1 Bn
Tuscon Raytheon won a contract to develop an air-launched, hypersonic cruise missile for the U.S. Air Force, beating out two competitors. Raytheon rivals Lockheed Martin and Boeing had also bid for the competitive program, which is among several hypersonic missile programs fast-tracked in the face of advanced development of hypersonics. Read More>>
United States Army awards AeroVironment USD 20.6 Mn Switchblade 300 tactical missile systems contract
AeroVironment received the contract from the U.S. Army Tactical Aviation and Ground Munitions project office for the procurement of Switchblade 300 tactical missile systems. The contract will be managed by the U.S. Army Contracting Command, Redstone Arsenal, and is scheduled to be delivered by July 2023. Read More>>
Northrop Grumman secures Air Force deal for AESA radars
Northrop Grumman clinched a modification contract involving Active Electronically Scanned Array radars. The award has been provided by the Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, OH. Per the terms of the deal, Northrop will procure AESA radars for F-16 aircraft. Read More>>
Partnerships
General Atomics partners with Indian startup for next-gen computer chips
General Atomics strategically partnered with an Indian start-up company that develops next-gen computer chips, integrated circuits, and other semiconductor technologies. GA-ASI will work with 3rdiTech, one of the inaugural winners of the Indian Ministry of Defence’s flagship iDEX Programme, to transition this cutting-edge capability onto some of India’s platforms. Read More>>
Executive Movements
Jon Rambeau named as new President of L3Harris’ integrated missions systems segment
Jon Rambeau will join L3Harris as the new president for its Integrated Missions Systems segment, which currently delivers nearly USD 7 Bn in revenue. Sean Stackley, IMS president since the 2019 merger of Harris Corporation and L3 Technologies, will become the Senior Vice President, Strategy and Growth. Read More>>
Bharat Electronics Limited appoints Manoj Jain as Additional Director
Bharat Electronics appointed Manoj Jain as Director (Research & Development) on the Board of BEL. Mr. Manoj Jain took charge as the Director (R&D) of Navratna Defence PSU Bharat Electronics Limited (BEL) on September 26, 2022. Read More>>
Northrop Grumman elects Roshan Roeder, Corporate Vice President and President, Defense Systems; Mary Petryszyn to retire
Northrop Grumman elected Roshan Roeder, corporate vice president, and Defense Systems sector. Roeder will succeed Mary Petryszyn, who has announced her intent to retire. Petryszyn will continue as corporate vice president, reporting to Warden to support this transition until her retirement. Read More>>
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Latest Industry Insights from Draup Braindesk
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Funding Alert
Adani Group to invest over USD 100 Bn in the next decade, 70% for the energy transition
About: Adani Group to invest 70% of USD 100 Bn in an integrated green hydrogen-based value chain for the energy transition. It will raise the renewable portfolio by another 45 GW of hybrid renewable power generation. Read more>>
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Startup Spotlight
Company – Space Perspective
Total Funding – USD 64 Mn
About: Space Perspective is a space travel company set up to explore space. Space Perspective’s first Operations Center is on Florida’s Space Coast, in the heart of the civil and commercial space programs at NASA’s Kennedy Space Center. Read more>>
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