Molicel’s battery cell tech to power Vertical’s eVOTL aircraft
Key Insights and Signals in Aerospace and Defense
Deals CMC Electronics awarded a contract from Korea Aerospace Industries Korea Aerospace Industries has awarded a new contract to CMC for the modernization of the Republic of Korea Air Force fleet of KA-1 trainer aircraft used for advanced mission training and light attack missions. Read More>> All Nippon Airways changed Boeing 777 orders to get next-gen freighters The Japanese airline originally ordered the 777-9 aircraft in 2014, but engineering challenges have plagued the aircraft’s development. Boeing recently pushed back the expected delivery of the 777-9 until 2025, more than a year later than forecast. Read More>>Merger and Acquisition Safran unit agrees to acquire Orolia to expand in the PNT market The company has agreed to buy positioning, navigation, and timing specialist Orolia. The acquisition by the Safran Group subsidiary, which has been in negotiations since December, pushes Safran further into the PNT technology and equipment sector. Read More>> UK government approves acquisition of Ultra Electronics by Cobham The company was acquired by Cobham Group Holdings Ltd and has received all antitrust and regulatory approvals. In August last year, Ultra agreed to a GBP 2.57 Bn (USD 3.05 Bn) takeover offer from former London listing Cobham. It would pay GBP 35 (USD 41.50) per share in cash for Ultra. Read More>> Rafael Advanced Defense Systems acquired PVP AEO PVP Advanced EO Systems, Inc. was acquired by Rafael Advanced Defense Systems Ltd., through its U.S. subsidiary Rafael USA, Inc. Rafael specializes in cutting-edge, innovative, and combat-proven systems, such as the famous Iron Dome. Read More>>Partnerships HAL, Safran to create a new joint venture for helicopter engines HAL entered into a joint venture agreement with Safran Helicopter Engines, French aerospace and defense multinational Safran SA unit to develop helicopter engines in India. The joint venture will meet the requirements of HAL and the defense ministry in developing future helicopters, including the future 13-ton Indian Multi Role Helicopter. Read More>> US Air Force partners with Reaction Engines on high-Mach engine testing The USAF is partnering with the UK’s Reaction Engines to improve the performance of hypersonic and near-hypersonic engines. The partnership between the Air Force Research Laboratory and Oxfordshire-based Reaction will focus on expanding the performance envelope of a cooling technology that enables high-Mach engines to function more efficiently. Read More>> Vertical Aerospace and Molicel partner to power the VX4 The company has selected Molicel to provide high-performance battery cells for the VX4 eVTOL aircraft. Vertical and Molicel have entered a strategic partnership that will combine Molicels leading cell technology with Vertical’s proprietary battery pack design. Read More>>Financial and Market Activity Boeing to release second-quarter results on July 27 Boeing will release its financial results for the second quarter of 2022 on July 27. President and Chief Executive Officer David Calhoun and Executive Vice President and Chief Financial Officer Brian West will discuss the results and company outlook during a conference call that day at 10:30 a.m. Read More>> L3Harris sets a date for the release of second-quarter earnings The company will release financial results for its second quarter of the fiscal year 2022 on July 28, 2022. The company’s second-quarter results will be published in an Investor Letter, which will be issued at approximately 4:30 p.m. Eastern Time and made available at L3Harris.com. Read More>>Executive Movements CannabisNewsBreaks Flora Growth Corp. (NASDAQ: FLGC) names former Amazon, Boeing exec as CFO The company has announced a new chief financial officer. Garayev has more than two decades of financial leadership experience and has worked at Amazon, Boeing, BP, and RPK Capital. He will focus on FLGTC growth initiatives, financial discipline, and reporting in his new role. Read More>>
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Aerostructure
GKN is a market-leading and technology leader in aerostructures to support customers and make aircraft fly faster, further and greener.
Fuselages: GKN designs metal and composite fuselage structures for rotary and fixed-wing aircraft, including military fighters and transport, commercial, and general aviation platforms.
Empennages: GKN empennages are Innovative, lightweight, thermoplastic composite materials that are optimized and cost-effective. The empennages include NH90, Chinook, and AW169 helicopters.
Nacelles & Pylon: GKN design, development, manufacture, assembly, and certification of several turboprop and turbofan solutions, including engine build unit and podding.
GKN works with customers such as Boeing, Spirit AeroSystems, and Pratt & Whitney to concurrently engineer lightweight, high-temperature exhaust systems.
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Company – Bellatrix Aerospace Total Funding– USD 11 Mn About: Bellatrix Aerospace is an Indian space R&D company that works on satellite propulsion, in-space propulsion systems & orbital launch vehicles. The company is facilitating the development of key technologies in electric propulsion, new generation propellants, and launch vehicles. Read more>>
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