Raytheon selects Kyndryl to develop its hybrid cloud platform to advance digital transformation

Key Insights and Signals in Aerospace and Defense

Center setup and Expansion  
Daher launches Shap’In Innovation Center near Nantes 
The facility will allow Daher to consolidate its composite and aerospace technologies and minimize its environmental footprint. The 17,200-plus-square-foot facility is projected to cost USD 8.4 Mn, approximately USD 900,000 of which came from the French Aerospace Industry Modernization Fund. Read More>>
Raytheon Technologies bags USD 145 Mn Naval Air Systems contract 
This contract exercises options to procure material and support equipment for depot maintenance facilities as well as supplies, services, and planning for depot activations in support of F-35 aircraft sustainment efforts for the Air Force, Marine Corps, Navy, and non-U.S. Read More>>
L3Harris awarded USD 45.8 Mn contract from DOD 
L3Harris has been awarded the contract for man-pack radio development at its Rochester manufacturing facility. The man-pack software-programmable digital radios provide service members with the encryption and communication capabilities necessary for operational security and overall force readiness. Read More>>
Lockheed Martin subcontracts with Valley Tech Systems for MDA’s next-gen Interceptor 
Valley Tech Systems has received a subcontract worth up to USD 94 Mn for a base and future option by Lockheed Martin for an advanced solid-propulsion subsystem for its next-generation Interceptor contract with the U.S. Missile Defense Agency. Read More>>
Dublin company wins prestigious European Space Agency contract 
The contract won by Danalto called for the demonstration of best-in-class, low-infrastructure, indoor location technologies that complement the Global Navigation Satellite System. Danalto was the first company to bring a location positioning solution to the market using a new radio frequency technology. Read More>>
Embraer and TNO sign MoU for R&D in defense 
The memorandum also includes joint research, technology development, and innovation processes and seeks to strengthen cooperation between Embraer and TNO in the Netherlands and Brazil. Read More>>
Raytheon partners with Kyndryl to advance digital transformation efforts 
Raytheon Technologies selected Kyndryl to support the development and delivery of a cohesive hybrid multi-cloud computing platform that will accelerate its digital transformation efforts its ability to drive business growth and operational excellence. Read More>>
Meritor collaborates with BAE Systems to deliver electric drivetrains for industrial vehicles 
BAE Systems will leverage its expertise in systems integration and power electronics to incorporate its power management system with Meritor’s ePowertrain for a comprehensive and compact solution. Read More>>
Mergers and Acquisition
Rocket Lab to acquire SolAero Holdings 
SolAero produces solar cells, solar panels, and other aerospace structures for a variety of space missions. Rocket Lab would pay USD 80 Mn in cash for the acquisition, and the deal is scheduled to close in the first quarter of 2022. Read More>>
Executive Movement
Northrop Grumman elects Matthew Bromberg as Corporate VP, Global Operations 
Bromberg will be responsible for enterprise-wide programs, quality, supply chain, and technology functions. Bromberg joins Northrop Grumman from Raytheon Technologies, where he held numerous senior executive positions. Read More>>
Leonardo DRS named new CTO 
Dr. Philip Perconti will lead corporate research and development strategy, accelerate innovation, and expand partnerships that result in integrated technology solutions yielding enhanced warfighting capabilities. Perconti has also served as director of the U.S. Army research laboratory. Read More>>
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Latest Industry Insights from Draup Braindesk

HondaJet Account Intelligence
  • HondaJet launched wing production and service parts facility at Greensboro, North Carolina, to house a new wing assembly process for the HondaJet Elite. 

  • It partnered with Bongiovi Aviation, a leading provider of digital audio technology, to deploy speaker-less audio technology–DPS Audio on HondaJet Elite. 

  • It began the delivery of HondaJet Elite to China. The company got Chinese type certification from the Civil Aviation Administration of China (CAAC) in August 2019. 

  • It opened the second HondaJet flight training center with FlightSafety International in Farnborough, Hampshire. The center provides initial and recurrent pilot training and other courses designed to meet the specific needs of HondaJet operators. 



Key Funding Alert

Satellite IoT startup hiSky raises USD 30 Mn in Series A funding 
The funding will be used to mass-produce compact terminals designed to connect Internet of Things (IoT) devices to satellites in multiple orbits. The funding comes amid growing investment and commercial activity among satellite IoT startups, some planning their own dedicated smallsat constellations. Read more>>

Startup Spotlight

Company – Wingtra
Total Funding  USD 18.98 Mn
About: Wingtra is a professional drone manufacturer that produces the VTOL WingtraOne drone, which collects high-precision aerial data for surveying and mapping applications. Wingtra has partnered with the biggest surveying equipment dealers across the globe, such as RDO Inc. and SITECH. Read more>>

Latest Reports Published in Draup

The Boeing Company Account Intelligence Report: Boeing offers significant technology insertions in the form of advanced cockpit, new computing and advanced datalink, comfortable fuel tanks, increased airframe life, and the ability to carry a wide variety of weapons. Read More>>
GE Aviation Account Intelligence Report: 
GE Aviation concentrates on innovation & development of aircraft engines and maintenance services of aircrafts. It is also deploying connected aircraft systems that enable efficient data management and analytic capabilities for aircraft maintenance and monitoring. Read More>>

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