Key Insights and Signals in Aerospace and Defense
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Centre Setup and Expansion
Boeing to establish an R&D facility on sustainable aviation fuel
The company plans to establish a research and development facility in Japan to develop sustainable aviation fuel further and advance electric and hydrogen aircraft technology. The facility will also focus on robotics, digitalization, automation, and carbon fiber composite materials for the aviation industry. Read More>>
Deals
Maxar wins NASA GeoXO weather-monitoring spacecraft contract BizWest
The company has been awarded a USD 5.5 Mn contract from NASA to help the agency prepare for the National Oceanic and Atmospheric Administration’s Geostationary Extended Observations Spacecraft mission. The principal purpose of these contracts is to provide a definition-phase study of a GeoXO spacecraft. Read More>>
General Dynamics received Abram’s tank sights contract from US Army
The company is to provide the US Army with new tank sights for the M1A2 Abrams MBT, the DoD revealed on 8 August. The company received an IDIQ contract worth up to USD 99.86 Mn from the Defense Logistics Agency. Read More>>
Raytheon awarded USD 96 Mn contract for Sea Sparrow Missile Systems
The company has been awarded a maximum USD 44,887,500 fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity contract. It is awarded a USD 96,177,767 cost-plus-fixed-fee definitization modification to a previously awarded undefinitized contract action for maintenance & recertifications in support of the Evolved SeaSparrow Missile and NATO SeaSparrow Missile Systems programs. Read More>>
Partnership
DIRCM cooperation agreement for German aircraft signed by Diehl, Elbit
The two companies signed a cooperation agreement for a protection system slated for German Armed Forces aircraft at the ILA Berlin International Air Show. The agreement continues the cooperation between the two companies on the Directed Infrared Counter Measure System that first began in 2014. Read More>>
Financial and Market Activity
Lufthansa Group reports Q2 profit
The company 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 major 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. announced 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 Movement
Lockheed Martin Missiles and Fire Control’s Executive Vice President Scott Greene to retire
The company announced that Missiles and Fire Control Executive Vice President Scott T. Greene is retiring after more than 41 years of service. Before his role as executive vice president, Greene was MFC’s vice president of Tactical & Strike Missiles, with total business, operational and financial responsibility. Read More>>
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Latest Industry Insights from Draup Braindesk
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- Draup analyzed Boeing India’s recent investments and strategic business priorities to understand their immediate focus areas and future bets. Based on the evidence gathered from our research, the future roadmap for its digital offerings has been laid out.
- Boeing India initiatives focus on MRO of critical equipment to add value to defense customers, Sustainable Aviation Fuel to reduce carbon emissions, and expand anti-submarine warfare capabilities. Through this model, Boeing India will position its future goals in enhancing its capabilities across digital offerings.
- We have also analyzed some of the critical technology centers of Boeing India, covering the breadth of parameters considered across Center focus areas and Potential Key Leaders to reach out to.
- The report has also identified some key and forward-looking competencies for Boeing India.
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Key Funding Alert
Elon Musk’s SpaceX raised USD 250 Mn through a fresh equity offering as its valuation soars
About: SpaceX is currently developing and testing a fully-reusable, super-heavy-lift launch vehicle called Starship at its Boca Chica, South Texas facility. The financing will help SpaceX follow through with this project. With this, the company has raised about USD 2 Bn in 2022. Read more>>
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Startup Spotlight
Company – FGC Plasma Solutions
Total Funding – USD 3.37 Mn
About: FGC Plasma Solutions is working on a better fuel injector incorporating plasma to control combustion in jet engines and gas turbines. This technology enables more optimum operation of the engine. This technology will also benefit from lower emissions, increased fuel flexibility, and improved reliability. Read more>>
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Latest Reports Published in Draup
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L3Harris Technologies, Inc. Account Intelligence Report
L3Harris Technologies is enhancing its unmanned aircraft system, security solutions, avionics, and communications technology. It focuses on developing aircraft engineering and modification, advanced communications systems, and commercial technology solutions. Read More>>
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Introducing KPIs specific to each use case in Industry Curator
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- Get to see your subscription-related information, including start and end date, under Administration
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- Introducing KPIs specific to each use case in Industry Curator
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