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Raytheon wins contract for Multi-Spectral Targeting sensors for Navy helicopters

Key Insights and Signals in Aerospace and Defense

Deals
Raytheon won USD 13.4 Mn contract to support MTS sensors 
Raytheon clinched a modification contract to provide support services for the Multi-Spectral Targeting System class of sensors. The contract includes engineering services supporting the life-cycle sustainment of MTS class sensors and aims at obtaining technical capability and necessary resources to operate, maintain, repair, and upgrade units. Read More>>
L3Harris receives radio production orders worth USD 235 Mn under U.S. Army’s HMS contract 
The industry’s most flexible cryptography-modernization-compliant radio, the two-channel L3Harris AN/PRC-158 radio leverages a software-defined architecture and integrated cross-banding between waveforms to provide advanced capabilities while maintaining backward interoperability with legacy systems. Read More>>
Rheinmetall Defence Australia signs a support deal for ADF 
Rheinmetall will work with RGM to support the delivery of work packages by providing Field Service Representatives, parts, tools, equipment, and technical expertise. They are delighted that RDA will bring a raft of industry experience to the RGM business and provide a true industrial capability for the region. Read More>>
Executive movement
Sierra Space hires former SpaceX executive as CIO 
Sierra Space hired a former SpaceX executive as its chief information officer as the company builds up its infrastructure to support work on commercial spacecraft and a space station. Venner served as CIO of SpaceX from 2012 to 2018 and was president and chief product officer of e-Share, a company developing collaboration software. Read More>>
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Latest Industry Insights from Draup Braindesk

  1. Air Dolomiti is working to modernize its outdated portal with a mobile-first design and a better user booking experience. It has a new graphic design that makes it more user-friendly, linear, and quick to view. 
  2. The graphic and structural updates will be service-oriented, making booking, check-in, and booking administration procedures easier. 
  3. This helps passengers by offering clear information and tools that reduce the time and effort required to make a reservation or handle boarding processes. 
  4. Air Dolomiti intends to incorporate an electronic Technical Logbook system that increases data-collecting automation. 
  5. The data is sent and synchronized between the eTLB on the aircraft and the maintenance centers through an IP connection, allowing for a rapid response and ensuring that the data is recorded and retained. 
  6. The technology complies with the standards and facilitates onboard work, making the processes in the cockpit of Air Dolomiti’s aircraft more efficient.

Funding Alert

Delta Air invests USD 60 Mn, takes stake in air taxi startup Joby Aviation 
Delta Air picked up a 2% equity stake in Joby Aviation. They will offer passengers air taxi transport to and from New York and Los Angeles airports. They plan to integrate a Joby-operated service into Delta’s customer-facing channels to provide short-range airport transport. Read more>>

Startup Spotlight

Company – Jet Token
Total Funding  USD 41.07 Mn
About: Jet Token is a private aviation booking and membership platform. They offer their own Honda Jets for member service in the Southwestern US or book any one of 4,000 jets on their marketplace – including the largest open fleet of private aircraft in the country. Read more>>
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