Rheinmetall, Capita, Cervus, and Improbable Defence to build a warfare training environment for the British Army

Key Insights and Signals in Aerospace and Defense

Centre Setup and Expansion
Aerojet Rocketdyne plans massive defense facility in Alabama
The company will expand its Huntsville operations with more jobs and a new 379,000-square-foot manufacturing facility near Huntsville International Airport. The new building will begin operations in 2023, allowing Aerojet Rocketdyne to increase manufacturing capacity for the nation’s defense production needs. Read More>>

Deals
Rheinmetall will supply eight MLG27-4.0 to Damen Naval for the German Navy’s new F126-class frigates
Rheinmetall received an order from Dutch shipbuilder Damen Naval to supply eight state-of-the-art MLG27-4.0 defence systems for the F126-class frigates it is currently building for the German Navy. Read More>>
Lockheed secures contract to support CH-53K aircraft
Lockheed clinched a modification contract involving the CH-53K helicopter valued at USD 14.1 Mn. Lockheed will provide non-recurring engineering, supplies, and support necessary for the low-rate initial production Lot 1 deployable configuration updates for the CH-53K heavy lift replacement aircraft. Read More>>
General Atomics lands navy contract modification for Reaper drone spares
General Atomics will provide the U.S. Navy with equipment spares for MQ-9A Reaper crewless aerial vehicle under a USD 46.9 Mn contract modification. It will supply spares needed by the Marine Air Ground Task Force to ensure the operability of MQ-9A Block 5 Reaper air vehicles, ground control stations, and additional equipment. Read More>>

Partnership
Rheinmetall joins forces with Raytheon UK, Capita, Cervus, and Improbable Defence for the British Army’s CTTP
The company and Capita, Cervus, and Improbable Defence have joined the Raytheon UK-led team Omnia Training. The CTTP will deliver the Future Collective Training System – a technology-enabled training system that will serve as a surrogate for warfare. Read More>>

Executive Movement
Boeing shores up defense unit leadership after delays
The move to strengthen industrial leadership comes after delays and cost overruns blighted long-term projects for which Boeing is locked into a fixed price. Read More>>

Financial and market activity
Woodward, Inc. Q4 2022 earnings call transcript
Aerospace segment earnings for the fourth quarter of 2022 were USD 63 Mn or 15.5% of segment sales compared to USD 66 Mn or 17.4% of segment sales. For the fiscal year 2022, aerospace segment sales were USD 1.52 Bn compared to USD 1.40 Bn for the prior year, an increase of 8%. Read More>>

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Latest Industry Insights from Draup Braindesk

Startup Spotlight

Company – Equispheres
Total Funding – USD 26.62 Mn
About: Equispheres develops, manufactures, and markets its unique product line of ultra-high-performance spherical metal powders engineered for Additive Manufacturing and Metal Spray Coatings applications. Read more>>

Raytheon Technologies Account Intelligence Report
Raytheon develops advanced engine technologies to reduce fuel consumption and emissions for next-gen single-aisle aircraft. It uses AI, IoT, and ML to digitize warfare systems and focuses on innovation to maximize the development of electric and engine-related technologies. Read More>>

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