Companies turn to partnerships to reach new frontiers in space, aerospace, and defense.

Deals and Deal Renewal
Rolls-Royce to sell Bergen Engines to Russia’s TMH for EUR 150 Mn
The sale includes the medium-speed engine factory, service workshop and foundry in Norway; engine and power plant design capability; and a global service network spanning more than seven countries. Read More>>
Elbit Systems awarded USD 128 Mn worth of contracts to supply equipment

The first of these contracts, worth USD 82 Mn, was awarded by BAE Systems Hägglunds and will see Elbit Systems help modernize the operational and protection systems of the Royal Netherlands Army (RNLA). Read More>>
NASA chooses SpaceX for a mission to map the beginning of our universe
SPHEREx will gather data from more than 100 million stars in the Milky Way galaxy. The spacecraft will launch via a SpaceX Falcon 9 rocket in June 2024 to learn about the origins of the universe and search for water and organic molecules in regions where stars are born. Read More>>
NOAA taps L3Harris for space weather command and control
The contract worth USD 43.8 Bn will see L3Harris develop, deploy, and operate a command-and-control system for NOAA’s Space Weather Follow On-Lagrange 1 observatory, scheduled to launch in 2025 on NASA’s Interstellar Mapping and Acceleration Probe. Read More>>
L3Harris Technologies wins missile defense contract
The contract worth USD 121 Mn will support a space-based sensor development program to detect and track missiles. Read More>>

Partnerships
Spirit AeroSystems picks Infosys for tech
The partnership will set up end-to-end applications and infrastructure integration of a few of Bombardier’s former aerostructures and aftermarket services assets. Infosys will develop an I.T. framework to be built on infrastructure solutions powered by Infosys Cobalt. Read More>>
Airbus’s OneAtlas partners with Indian startup HyperVerge for geospatial AI
HyperVerge will propose new AI-based algorithms for automatic analysis on change detection on Airbus’ Pleiades and SPOT from the optical satellite constellation that provides high-resolution imagery. Read More>>
Hindustan Aeronautics and Rolls Royce expand partnership
The two companies will collaborate in two significant areas expanding the supply chain for both Civil and Defence Aerospace and establishing an authorized maintenance center for Adour Mk871 engines to support Rolls-Royce’s global customers. Read More>>
Airbus signs MoU with GMR Group to collaborate on aviation services
The companies will collaborate across aviation services, including maintenance, components, training, digital and airport services, technologies, and innovation in commercial and military aviation. Read More>>

Merger and Acquistions
Two private equity firms to acquire Cubic Corp. in a USD 2.8 Bn deal
Cubic Corp. is a provider of the Top Gun fighter pilot training system and a supplier of a range of defense training technologies, defense communications gear, and mission support services to the military. Read More>>

Executive Movement
General Dynamics elects Robert Steel to Board of Directors
His previous positions include New York City’s deputy mayor for Economic Development, CEO and president of Wachovia Corporation, and the U.S. Treasury for Domestic Finance undersecretary. Steel spent nearly 30 years at Goldman Sachs, rising to head of its Global Equities division and vice-chairman. Read More>>
Firefly Aerospace announces new Board of Directors and corporate expansion plans
The company announced the appointment of Deborah Lee James and Robert Cardillo to its Board of Directors. Firefly’s new three-person board, including Firefly CEO Dr. Tom Markusic, will be led by Ms. James, serving as Chairman of the Board. Read More>>

Center set up and expansion
Boeing set to launch Indian 737 tail production
Boeing will launch the vertical tail fin production facility in Telangana jointly with Tata Advanced Systems and will see an existing defense plant grow to accommodate the new line. The complex structure requires intensive use of robotics and automation. Read More>>
Germany’s MTU to start building its factory in Serbia
MTU Aero Engines’ new repair facility near the Nikola Tesla airport will open in 2023. They will extend the OEM (Original Equipment Manufacturer) and customer licenses to repair engine parts to the new location. Read More>>
Elbit launches machine teaming center in Melbourne
Elbit Systems launched a Human and Machine Teaming Centre of Excellence in partnership with the Victorian Government. The research will focus on collaboration between people and autonomous systems, will produce applications to be used across defense and homeland security, in addition to all emergency services. Read More>>

Layoff
Boeing to outsource IT work to Dell, eliminate 600 jobs
The company will outsource a significant amount of information technology work to Dell starting in April, including supporting cloud services, databases, and information technology. The move may eliminate 600 jobs. Read More>>

Headlines From The Startup World

Startup Spotlight

Latest Insights & Reports

Aloft AeroArchitects account intelligence report Aloft offers full-service engineering, certification, and ODA-issued STC’s including modification kits that support various interior, avionics, and technology products. It provides turnkey programs on new interior completions and existing interior refurbishments, including labor, engineering, supply chain, certification, and ODA services.
Read more.

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