Embraer announces a global tech partnership to focus on autonomous systems projects
Key Insights and Signals in Aerospace and Defense
Center setup European Space Agency to build a training center to prepare astronauts for moon missions The company is building a brand-new lunar center in Germany to train astronauts for deployment on moon missions. LUNA is expected to make an important contribution to the preparation process of astronauts before they embark on missions into space over the coming decades. Read More>>Deal Elbit Systems to supply ammunition for Swedish Leopard tanks The companies have secured a contract to supply ammunition for the Swedish Armed Forces Leopard main battle tanks (MBTs). The Swedish Defense Materiel Administration awarded a nearly USD 27 Mn contract. Elbit Systems will deliver M339 120mm ammunition and data setting units for the Leopard tanks. Read More>> Boeing’s Eagle-II fighter may join the race for an Indian Air Force contract The Indian Air Force (IAF), which is acquiring 114 multi-role combat aircraft (MRCA) from the global market, will relish the option of buying the highly capable F-15EX Eagle-II, developed and built by The Boeing Company. The Eagle-II is the world’s fastest and most heavily armed. Read More>> Kongsberg Defense Australia signed a contract with Hanwha for LAND 8116 This capability has resulted in Kongsberg Defense Australia signing a USD 67 Mn acquisition contract with Hanwha for C4 systems and integration. Kongsberg’s Australian presence continues to grow with this contract creating up to 30 local jobs around the country. KONGSBERG will integrate the Protected Mobile Fires capability into the Army’s C4 Force Structure. Read More>> Northrop Grumman to support Astute Class PMS The company has been awarded a contract for in-service support of the Astute Class submarine Platform Management System (PMS) by the Submarine Delivery Agency (SDA), a Ministry of Defense executive agency. Northrop Grumman is the original equipment manufacturer of the state-of-the-art, fully integrated PMS installed on Astute Boats 4 to 7. Read More>> US awards Boeing a USD 500 Mn Taiwan Harpoon contract The company awarded Boeing a Harpoon Coastal Defense System (HCDS) contract for Taiwan. The contract runs through December 2028 and includes 100 launcher transporter units, 25 radar units, and HCDS training equipment. Read More>> India’s Adani group bags two mega power projects in Sri Lanka Two renewable energy projects involving the Adani Group aimed to generate a combined capacity of 500 MW at the cost of USD 500 Mn. Both projects are in the Northern Province, where New Delhi objected to a Chinese energy project last year. Read More>>Partnerships Lockheed Martin partners with Israel Aerospace Industries on global air defense Lockheed Martin and IAI have agreed to jointly promote a ground-based air defense (GBAD) system centered around the Lockheed Martin United Kingdom Sky Keeper and the BARAK MX system. They will promote their technological and manufacturing expertise in air defense solutions that protect military forces and high-value assets from missile threats worldwide. Read More>> Embraer expands tech partnerships in autonomous flight; Eve and Acciona enter strategic partnership The company announced a broad set of new technological partnerships with global companies focused on breakthrough technologies in the autonomous systems arena. The companies will work together in an open innovation approach to develop and evaluate several new autonomous flight technologies in simulation and actual flight conditions. Read More>>Executive Movement Raytheon Technologies names Barbara Borgonovi as SVP of Corporate Strategy & Development Barbara Borgonovi was named Raytheon’s Sr VP of Corporate Strategy & Development. Borgonovi will be responsible for developing corporate strategies that enhance profitability and performance and assessing merger and acquisition opportunities to drive overall company growth. Read More>> Tata Sons board appoints N Chandrasekaran as the Chairman of Air India Tata Sons Chairman N. Chandrasekaran is the next Chairman of Air India. The hunt for Air India CEO continues. Earlier this month, Turkish national Ilker Ayci declined to be the chief executive of Air India. As some reports had indicated, Ayci was allegedly considered close to Turkish President Recep Tayyip Erdogan, an ally of Pakistan. Read More>> Lockheed Martin announces New Skunk Works’ leader The company named John Clark, the VP and GM of Advanced Development Programs (ADP), also known as Skunk Works, succeeding Jeff Babione, who will retire at the end of the month. Read More>>
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Latest Industry Insights from Draup Braindesk
Hensoldt introduced a Quadome radar system for naval surveillance and target acquisition. It offers robust capabilities to detect and track small surface targets.
Hensoldt partnered with Israel Aerospace Industries (IAI) to supply new radars to the German Navy to modernize the sensor technology of the F124 air defense frigates.
The French Navy partnered with Hensoldt UK to deliver Kelvin Hughes Mk11 SharpEye surface search radars for its Patrouilleur d’Outre-Mer (POM) vessels. It provides six offshore patrol vessels for the French overseas territories.
Hensoldt UK provided radar sensor suites to the South African Navy (SAN) for three multi-mission inshore patrol vessels built by the Damen Shipyards Cape Town, South Africa, to provide a navigation and surface surveillance capability.
Key Funding Alert
AE Industrial Partners leads USD 75 Mn Series-B Growth Equity Investment in Firefly Aerospace
The investment will support Firefly’s next growth stage by providing capital for future Alpha flights, the Blue Ghost Lunar Lander Program, and the development of additional launch and in-space solutions. Firefly can deliver innovations in space launch vehicles. Read more>>
Company – Phantom Space Total Funding – USD 27.51 Mn
Phantom Space lowers the satellite launch cost 2 to 3 times below the best ride-share capabilities. They combine mass-produced launches with mass-produced small satellites, affordable in-space propulsion systems, and its Phantom Cloud constellation to make space access simpler and more affordable. Read more>>
Latest Reports Published in Draup
Panasonic Avionics Corporation – Account Intelligence Report
Panasonic Avionics enhances in-flight mobile connectivity offerings. An eSIM-equipped mobile phone user can enjoy in-flight mobile connectivity service, regardless of network operator on selected airlines and flights. GigSky app helps passengers to pay for and access connectivity pass. Read More>>
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