General Atomics wins contract to develop EMALS and AAG systems for France’s future aircraft carrier
Key Insights and Signals in Aerospace and Defense
Centre Setup and Expansion Collins Aerospace expands cargo systems facility in North Dakota The company has broken ground on a 20,000-square-foot expansion of its cargo systems facility in Jamestown, North Dakota. The project is the first of a four-phase expansion plan to modernize operations in Jamestown, add needed manufacturing space, and position the facility to meet current and increasing processing needs. Read More>> Collins Aerospace expands operations with new Texas facility Collins opened a new facility at the Houston Spaceport in Texas to expand its footprint in the area and accommodate several future space exploration activities. It has invested USD 30 Mn in the 120,000-square-foot facility to support the development of key space systems. Read More>>Deals General Atomics books Navy contract for ship systems evaluation for future French aircraft carrier General Atomics will work with Naval Air Systems Command to develop and evaluate electromagnetic aircraft launch systems and advanced arresting gear configurations for potential integration into the French Navy’s next-generation aircraft carrier. Read More>> Israel Aerospace Industries lands a contract with Asia’s DroneGuard DroneGuard will supply DroneGuard ComJam systems for long-range detection and disruption of unmanned aerial systems (UAS) in an Asian country. The contract includes several dozen mobile systems. Read More>> Lockheed Martin wins deal to support Aegis weapon system Lockheed Martin will support the Aegis Weapon System for AWS baselines. The contract involves providing the ship integration and test support of the AWS for AWS baselines through Advanced Capability Build 16. The Aegis Combat System is the U.S. Navy’s most modern surface combat system. Read More>>Executive Movements Hanwha reveals leadership reshuffle, promotes CEO’s son to VC role The company announced a major executive reshuffle and promoted the company president’s eldest son, Kim Dong Kwan, to vice chairmanship post. As per Korea Joongang Daily, the Hanwha Group released its promotion plan for Kim and other executives on Aug. 29. Read More>> Firefly Aerospace names Bill Weber as CEO Firefly Aerospace named long-time aerospace and defense executive Bill Weber the company’s CEO. Mr. Weber previously served as President, CEO, and Director of KeyW Corporation, a leading provider of agile cyber operations and warfare, data analytics, and geospatial satellite payloads and sensors for U.S. government intelligence and defense customers in the commercial sector. Read More>>Financial and Market Activity Heico Corporation (HEI) Q3 earnings lag estimates The company came out with quarterly earnings of USD 0.60 per share, missing Zack’s Consensus Estimate of USD 0.65 per share. A quarter ago, it was expected that this company would post earnings of USD 0.61 per share when it produced revenues of USD 0.62, delivering a surprise of 1.64%. Read More>>
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Latest Industry Insights from Draup Braindesk
Key Funding Alert
Boeing invested USD 5 Mn in Advanced Manufacturing Innovation Center in St. Louis
About: Boeing will help expand the Advanced Manufacturing Innovation Center in St. Louis. The investment will help fund a state-of-the-art advanced manufacturing facility, accelerate workforce development programs, and grow the region’s talent pipeline and technical and manufacturing abilities. Read more>>
Startup Spotlight
Company – Azur Drones Total Funding– USD 16.95 Mn About: Azur Drones performs thermographic operations, topographic surveys, inspections of drones, training, advice, and monitoring. Azur Drones puts its military and civilian experience in drone operations at the service of a wide range of customers. Read more>>
Latest Reports Published in Draup
Thales S.A. Account Intelligence Report
Thales is working on advanced electric and autonomous flight technology to increase mobility, reduce road congestion, improve connectivity, scale up UK manufacturing opportunities, and help reduce the environmental impact of aviation worldwide. Read More>>
Lockheed Martin Corporation Account Intelligence Report
Lockheed Martin Corporation is enhancing a lunar mobility vehicle to be made available to NASA, private companies, and even other space organizations to advance scientific and manned exploration. It intends to enhance Runway/Collision Avoidance Systems for aircraft. Read More>>
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