GA to leverage Divergent’s 3D printing and additive manufacturing to fabricate aircraft structures
Key Insights and Signals in Aerospace and Defense
Centre Setup and Expansion Kongsberg signs construction company for new SA facility Kongsberg signed a contract with Tandem Building Group to construct their new purpose-built facility in Mawson Lakes, South Australia. Site mobilization has commenced, with plans for the facility to be fully occupied and operational by early 2024. Read More>>Layoff Boeing cutting 2,000 jobs nationwide Boeing slashed 2,000 jobs in finance and HR verticals this year and outsourced about a third of those jobs to Tata Consulting Services (TCS) in Bengaluru. Boeing aims to decrease work by streamlining processes and eliminating some duties, and outsourcing labor. Read More>>Partnership General Atomics and Divergent expand partnership to implement UAS digital manufacturing process General Atomics expanded a partnership with Divergent Technologies to incorporate a fully digital approach into the former unmanned aircraft system production process. The two companies have completed projects that used DAPS to build a UAS aerostructure as part of a joint development effort. Read More>>Deals Godrej Aerospace to manufacture eight modules of DRDO turbojet engine Godrej won the order competing with over 25 companies because of its strong infrastructure, proficiency in working with unique materials, decades of experience producing liquid engines for rockets, and its service to global aviation majors. Read More>> IndiGo orders 500 aircraft and partners with Turkish Airlines for a mega expansion IndiGo plans to expand its reach to Europe. IndiGo has aircraft in the pipeline from European giant Airbus that will ensure steady delivery till 2030. As a codeshare agreement with Turkish Airlines, IndiGo can carry passengers from India to Istanbul and from Istanbul and beyond. Read More>> Air India selects 40 GEnx-1B engines for its Boeing 787s The company has signed a firm order for 40 GEnx-1B and 20 GE9X engines, plus a multi-year TrueChoice engine services agreement, as part of the airline’s firm order for 20 Boeing 787 and 10 Boeing 777X aircraft. Read More>>Executive Movements QinetiQ Group appoints Gary Stewart as Chief Executive for Australia Sector QinetiQ formed a new Australia sector and named Gary Stewart the Sectors Chief Executive. Gary will join QinetiQ from Rheinmetall Defence Australia, where he was the Managing Director responsible for strategy and operational delivery in the Asia Pacific region. Read More>> Ativo Senior Living of Yuma welcomes Rafael Jan as the new Executive Director The company appointed Rafael Jan as the new Executive Director. With over 15 years of experience in the senior living industry, Rafael brings a wealth of knowledge to the Ativo community. Rafael began his career as a caregiver and has since worked in various roles, including Business Office Manager and Executive Director. Read More>>Financial and Market Activity Godrej Industries Q3 PAT soars 118% YoY to INR 315 Cr (USD 38 Mn) Godrej reported a 117.82% jump in consolidated net profit to USD 38 Mn in Q3 FY23 as against INR 144.42 (USD 17.4 Mn) posted in Q3 FY22. Revenue from operations stood at INR 3,842.55 Cr (USD 464.2 Mn) in the quarter that ended 31 December 2022, up 9.33% from INR 3,514.61 Cr (USD 424.5 Mn) reported in Q3 FY22. Read More>> Bombardier’s Q4 revenue rises 50% to USD 2.70 Bn The private jet maker reported a fourth-quarter profit of USD 241 Mn, up 1.3% from USD 238 Mn a year earlier. Its profit amounted to USD 2.40 per share for the quarter that ended December 31, 2022, up 2.6% from USD 2.34 a share in the year-earlier period. Read More>>
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Latest Industry Insights from Draup Braindesk
The commercial sector’s increased adoption and applications of satellite imagery, geo-enabled mobile applications, and location analytics heavily contribute to market growth.
The GIS segment is expected to grow the fastest due to the rising demand for spatial analytics fueled by smart city and agricultural needs.
5G technology has the potential to be utilized to collect incredibly detailed geographic data. The launch of 5G network services is anticipated to open new opportunities for providers of geospatial analytics.
Businesses and agencies use location-based services integrated with Geographical Information System (GIS) technology for various applications, including geospatial modeling, route optimization, asset tracking, and others, to offer better consumer-focused services.
Funding Alert
Godrej Aerospace to invest INR 500 Cr (USD 60.4 MN) in a new facility in Maharashtra
Godrej will set up at Khalapur in Maharashtra. It has partnered with ISRO for over 30 years to manufacture complex systems such as liquid propulsion engines for PSLV and GSLV rockets, satellite thrusters, and antenna systems. Read more>>
Startup Spotlight
Company – Dronamics Total Funding– USD 18.92 Mn About: Dronamics is developing a new type of cargo airplane – small, uncrewed, and fuel efficient. It can transport 350 KG over 2,500 KM for 50%+ lower cost than other airplanes. It flies autonomously, can be monitored, and is managed remotely via satellite. Read more>>
The Boeing Company – Account Intelligence Report
Boeing is building on building and delivering the 737, 747, 767, 777, and 787 aircraft families. Its space, defense, and security portfolio continues to deliver advanced technologies and products to meet the demand in the global security market. Read More>>
Honeywell International – Account Intelligence Report
Honeywell focuses on developing preventive monitoring system solutions to improve the occupant’s life in a safer and healthier environment. It develops its autonomous landing in-flight of sensors that guide urban air mobility vehicles to land without pilot intervention. Read More>>
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