This week in Aerospace & Defence: Key players strategically cooperate to enable autonomous aircraft, UAVs, and Satcom technology
Latest Industry Insights from Draup Braindesk
Key players are focused on enhancing their offerings by implementing emerging technologies to gain new capabilities in the defense sector.
Rolls Royce secured a USD 1.2 Bn defense services contract for five years on mission care services to maintain A.E. 1107C engines on U.S. marine corps, navy, and air force V-22 aircraft.
Rolls-Royce secured USD 1 Mn research funding from the U.S. Government for digital foreign object debris (FOD) detection technology, allowing customers across Civil and Defense industries to detect much smaller debris entering the engine.
Curtiss-Wright Corporation secured contracts valued at USD 220 Mn to provide propulsion valves, pumps, and advanced instrumentation and control systems for the U.S. Navy.
Babcock International secured a 5-year Logistic Support Contract (LSC) from the U.K. Ministry of Defense (MoD) valued at GBP 150 Mn (approximately USD209 Mn) to deliver a comprehensive program with future-ready solutions for the MoD.
Northrop Grumman, Raytheon collaborated on a next-gen missile defense contract with the U.S. government to rapidly develop a modernized interceptor that can take on the most complex long-range ballistic threats.
Raytheon Technologies integrated Defense solutions unit acquired a USD 78 Mn contract from the U.S. Air Force for the Qatar Air Ops Center modernization project.
Raytheon has acquired a USD 2.1 Bn, multi-year U.S. Missile Defense Agency contract that will produce and deliver SM-3 Block I.B. interceptors for the SM-3 program.
Latest Reports Published in Draup
Airbus Group account intelligence report : Airbus Group is keen on developing aerospace innovation with Narrow Brand-IoT (NB-IoT) connectivity solutions, reducing pilot workload, and upgrade satellite communications management. In addition, it will provide secure Wi-Fi connections and develop digital solutions. Read More>>
Textron account intelligence report: Textron aims to commercialize budding technologies in air mobility. The company collaborated with Hillwood to demonstrate the usage of unmanned aircraft systems in package delivery. Read More>>
Key Funding Alert
Skyroot Aerospace raises USD 11 Mn in Series-A funding round
Skyroot raised funds from Greenko Group founders Anil Chalamalasetty and Mahesh Kolli. The fund will help them fuel their rocket program and support in completing development, testing their first launch vehicle Vikram-1, and strengthening the team. Read More>>
Company – OMX HQ Location – Toronto, Canada Total Funding – USD 2.93 Mn About: OMX supports businesses in improving the leverage of government procurements, increasing efficiency, reducing cost, and ensuring economic benefit to the government. In addition, the web-based platform helps companies to control their supply chain and sales management. Read More>>
Key Insights and Signals in Aerospace
Deals and Deal renewal Israel Aerospace Industries signs a USD 200 Mn contract with an unnamed Asian country The deal is related to IAI’s unmanned aerial vehicle (UAV), Heron, and marks the fourth significant transaction announced by the company in 2021. The deal is a testament to the customers’ strong satisfaction with the Heron UAVs, including their operational and technical performance. Read More>> Airbus leads European quantum internet consortium The European Commission has selected a consortium of companies and research institutes to study the future European quantum communication network design, EuroQCI. EuroQCI will integrate quantum technologies and systems into terrestrial fibre optic communication networks and will include a space-based segment ensuring full coverage across the EU and other continents. Read More>> U.K.’s RAF signs a new C-17 Globemaster agreement with Boeing Defence U.K. The agreement will continue the delivery of the aircraft’s flight simulators, with enhancements to the schedule of training from 2023. Boeing Defence U.K. has also agreed to provide simulated engineering coaching for RAF trainees who hope to maintain the C-17 Globemaster. Read More>> Materialise and EOS announces 3D printing first with Airbus This achievement consolidates Materialise’s long-term partnership with Airbus, and it also opens up additional 3D printing applications to Airbus and its suppliers. Read More>> Curtiss-Wright Corporation secured naval defense contracts The contracts over USD 130 Mn aids naval defense platforms. The scope of work includes providing propulsion valves, pumps, and advanced instrumentation and control systems for the Navy’s Virginia-class nuclear-powered attack submarine, Columbia-class submarine, and Ford-class aircraft carrier programs. Read More>> IndiGo announces a major engine deal with CFM for Airbus A320neos The low-cost giant will exclusively use CFM LEAP-1A engines for its 310 upcoming Airbus A320neos, A321neos, and A321XLRs. The deal will cover servicing and engines for A320neo family aircraft delivered after 2023. Read More>>Layoff Honeywell to layoff nearly 500 workers from Smithfield, R.I. factory Employees who work on the N95 face mask production line will be affected. The mask saw a dramatic reduction in demand due to the arrival of vaccinations. Read More>>Executive Movement Lockheed Martin (LMT) elects Patricia E. Yarrington to the board of Directors Yarrington will serve on the corporation’s Audit Committee and Management Development and Compensation Committee. Read More>>Partnerships Honeywell to provide the world’s smallest SATCOM system in Australia Honeywell has signed a MoU with Carbonix, a leading Australian drone manufacturer, to provide its smallest and lightest satellite communications solution for its long-range fixed-wing unmanned aerial vehicle. Read More>> Airbus and Mercury Systems announce strategic teaming agreement to cooperate in technology for autonomous flying Formalized by a Framework Cooperation Agreement, both industry-leading companies have shown their firm commitment to advance a strategic teaming agreement in research, demonstration, validation, and certification of autonomous and flight control computer programs, especially algorithms and environment of execution. Read More>>Merger and Acquisitions Mercury Systems acquires Pentek in radar, electronic warfare market expansion push The acquisition expands the scale and breadth of the company’s RFSoC, data recorder, and software-defined radio capabilities and deepens market penetration in core radar and electronic warfare/SIGINT markets. Read More>>Centre setup and Expansion Rocket Lab aims to launch private spacecraft to Venus to hunt for life in its clouds A small U.S. aerospace company is hoping to launch the first private robotic mission to Earth’s neighboring planet, Venus. Peter Beck, CEO of Rocket Lab, aims to fulfill it by 2023.Read More>>
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