Joby Aviation to deliver eVOTL air taxis to the U.S. Air Force and demonstrate logistic capabilities

Key Insights and Signals in Aerospace and Defense

Bell Boeing secures US$ 482.3 Mn contract for CMV-22B Osprey production and delivery
The Bell Boeing Joint Project Office in Texas has secured a contract modification to produce and deliver four CMV-22B Osprey tiltrotor aircraft to the US Navy. The aircraft will replace the C-2A Greyhound for the Carrier Onboard Delivery mission, serving as a long-range logistics solution. Read More>>
US Air Force awards US$ 55 Mn contract to Joby Aviation for electric helicopter
The US Air Force awarded the contract to Joby Aviation to supply electric vertical take-off and landing aircraft for the Agility Prime program. The program seeks to accelerate the development of electric-powered aircraft with commercial industry partnerships. Joby’s eVTOL air taxis will be the first to operate at a US military base. Read More>>
AeroVironment Mars sample recovery helicopter contract
AeroVironment received a US$ 10 Mn contract from NASA JPL to co-design and co-develop conceptual designs and engineering development units of Mars Sample Recovery Helicopter flight systems. The helicopters build upon the Ingenuity Mars Helicopter design heritage, and feature upgraded robotics to supplement aerial mobility. Read More>>
Wisk Aero & Japan Airlines partner to launch self-flying taxi
Wisk Aero and Japan Airlines team up to introduce fully electric, autopiloted aircraft in Japan. The partnership includes JAL Engineering to establish maintenance and operation work for air taxis. Air taxis can serve as a quick transportation solution in areas affected by heavy road traffic. Read More>>
Philippine Airlines signs MoU for 9 Airbus A350-1000 aircraft
Philippine Airlines has signed an MoU with Airbus to purchase nine A350-1000s to expand its fleet. The new aircraft will allow the airline to fly non-stop transpacific and transpolar routes and provide a direct link from the Philippines to Europe. Read More>>
Merger and Acquisition
TransDigm closes acquisition of Calspan
TransDigm Group acquired Calspan Corp, a provider of engineered testing and technology development services for the aerospace & defense industry, for US$ 725 Mn. Calspan operates from seven facilities and has a transonic wind tunnel in Buffalo, NY, used for aftermarket-focused development activities in commercial and defense aerospace markets. Read More>>
Executive Movement
Boeing Business Jets announces new President
Boeing appointed Joe Benson as the President of its VIP jet division, Boeing Business Jets. Benson will oversee sales, support, and operations of the company’s portfolio of business jets. He has been with Boeing since 2010 and has held various leadership roles. Read More>>
Product Launch
Rafael introduced an anti-torpedo defense suite for surface ships
Rafael and DSIT have unveiled a torpedo defense suite for surface ships at IMDEX Asia 2023. The system comprises sensors and countermeasures, including the MONKFISH and BLACKFISH sensors, that provide accurate detection, classification, and tracking of incoming torpedoes without false alarms. The system features advanced signal processing and algorithms. Read More>>
Financial and Market Activity
Turkish Airlines Q1 results exceed those of 2019
Turkish Airlines reports a net profit of US$ 233 Mn in Q1 2023, up from US$ 161 Mn in the same period last year. The airline’s Q1 2023 revenues were US$ 4.353 Bn, up from US$ 3.051 Bn in Q1 2022 and US$ 2.768 Bn in Q1 2019. Turkish also grew its capacity by 21% compared to Q1 2019. Read More>>
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Latest Industry Insights from Draup Braindesk

Urban Air Mobility (UAM)
  • Urban Air Mobility uses small, highly automated aircraft to carry passengers or cargo at lower altitudes, to avoid traffic congestion.  
  • The development of UAM vehicles is expected to accelerate over the next decade. Vehicle manufacturers have begun testing vehicles, and ecosystem participants are collaborating on developing a robust regulatory framework.
Autonomous Robots
  • Aerospace and Defense developers are starting to use the technology of autonomous vehicles and autonomous robots.   
  • This technology would help make timely decisions in critical situations such as the battlefield using advanced analytics and artificial intelligence. 
  • Autonomous aircraft and defense tanks are being produced for the battlefield.
Predictive Maintenance
  • Another technology gaining traction in the aerospace and defense sector is the predictive maintenance of aircraft, battle vehicles, and tanks using machine learning and predictive analytics. 
  • These technologies would enable efficient maintenance of the vehicles so that breakdowns and unwanted circumstances can be avoided.
Exoskeleton Technology
  • Exoskeletons are computer-controlled devices that can increase a man’s load-carrying capacity, mobility, and physical endurance by counteracting overstress on the lower back and legs. 
  • The technology essentially is a wearable robot that helps with various defense activities and the loading and unloading of aircraft.


Startup Spotlight

Company – Kelluu Oy
Total Funding  USD 4.02 Mn
About: Kelluu Oy develops and manufactures small-scale, hydrogen-based, self-guiding airships. Kelluu’s airships and surveillance services have been used to monitor the condition of power lines and assess forest damage. Read more>>
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