Raytheon and Northrop advance US’s hypersonic missile program with an ‘accelerated concept design’
Key Insights and Signals in Aerospace and Defense
Center setup and Expansion Sierra Nevada Corporation opens Nigeria office The company, having delivered a dozen A-29 Super Tucano aircraft to the Nigerian Air Force, has opened an office in Abuja. The new in-country presence supports SNC’s ongoing work with the Nigerian Air Force and other regional business opportunities. Read More>>Deals BAE Systems wins USD 12 Bn US contract related to ICBMs The company won a potential contract to integrate and engineer intercontinental ballistic missiles for the US Air Force. BAE is helping the military branch sustain the weapon as part of an eight-year, USD 534 Mn contract awarded in July 2013. Read More>> A team of researchers at Virginia Tech, BAE Systems, received a USD 14 Mn contract to help secure information A collaborative project between BAE Systems and a team of researchers at Virginia Tech has been awarded a contract from the Intelligence Advanced Research Projects Activity to help secure communications due to increased vulnerability and threats. Read More>> Northrop, Raytheon selected to continue work on hypersonic missile interceptor The Missile Defense Agency selected Raytheon and Northrop Grumman to move to the next phase of its Glide Phase Interceptor program as the agency works to beef up US defenses against hypersonic weapons. Read More>>Partnerships UCLan strengthens ties with BAE Systems The University of Central Lancashire has signed a Memorandum of Understanding with BAE Systems, which will see the two institutions working closely together to accelerate technology development. Read More>> Turkish Airlines mulls IPOs and joint ventures for cargo and regional units The company is considering joint ventures and initial public offerings for its cargo business and regional carrier as it weighs up options to grow internally and through deals. The airline also plans to participate in international bond markets, including issuing Eurobonds, to finance future investments and growth. Read More>> Hanwha and Kongsberg team up on infantry fighting vehicles and long-range precision fires The company’s subsidiaries signed a memorandum of understanding with KONGSBERG over the development of infantry fighting vehicles and long-range precision fire systems at Eurosatory 2022. The South Korean and the Norwegian defense company expand their partnership in developing and marketing advanced defense solutions. Read More>>Merger and Acquisition Wabtec acquires Collins Aerospace’s ARINC rail solutions business to extend its rail optimization portfolio Wabtec acquired ARINC, a provider of intelligence-based rail dispatch and back-office solutions. ARINC’s rail solutions systems, coupled with Wabtec’s digital and electronics portfolio, will accelerate the industry’s journey of rail optimization. Read More>>Executive Movements GE Says H. Lawrence Culp, Jr. has been named CEO of GE Aviation Rahul Ghai, Executive VP and CFO of Otis Worldwide Corporation, has been named Chief Financial Officer of GE Aviation Shane Wright. Currently, the CFO and Chief Operating Officer of GE Aviation is preparing to retire after 34 years of service to GE. Read More>> Raytheon Vet David Appel named AWS National Security VP David Appel, most recently vice president of command-and-control digital solutions at Raytheon Technologies intelligence and space business, has joined Amazon’s cloud computing arm as VP of national security. Read More>>
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Latest Industry Insights from Draup Braindesk
Parker Hannifin Corporation aims to improve customer service by providing an online chat facility that allows customers to access the required global support at the required time.
Parker Hannifin Corporation aims to deliver IoT-Enabled services that enable customers to access diagnostic messages and receive real-time alters in a single dashboard.
Parker Hannifin Corporation focuses on providing various engineered solutions for Oil condition monitoring systems, thermal gap filler pads, portable air compressed dryers, and portable oil vapor removal systems.
Cleveland/Akron, Ohio Area, United States, serves as the hub area for various operations such as Data Engineering, Industrial tools, power electronics, and information systems-related engagements.
Application Development & Maintenance is the highly outsourced segment, holds approximately 46% of the total outsourcing headcount. L&T TS is the key strategic outsourcing partner for Parker Hannifin Corporation.
Startup Spotlight
Company – Quantum System Total Funding– USD 61.73 Mn About: Quantum system develops, manufactures, and sells unmanned aerial systems, which provide aerial intelligence to commercial and governmental clients worldwide. It offers high-resolution aerial data for decision-making by using drones. Read more>>
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