Safran and MBDA pick up a stake in CILAS to explore optical comms for terrestrial and space applications
Key Insights and Signals in Aerospace and Defense
Centre Setup and Expansion NASA Stennis Space Center and Rocket Lab cut the ribbon on a new tenant agreement NASA’s Stennis Space Center and Rocket Lab USA held a ribbon-cutting ceremony to mark the launch of Rocket Lab’s operations in Mississippi. Rocket Lab would locate an engine test facility for its large new rocket, Neutron, at NASA’s Stennis Space Center. Read More>>Deals Raytheon awarded USD 60 Mn Navy contract modification for RAM missile procurement Raytheon’s contract modification covers the purchase of Rolling Airframe Missile Block 2B guided missile round spares by the U.S. Navy and Germany for fiscal 2023. The Navy will allocate USD 52.7 Mn in weapons procurement budget for the award and USD 7.7 Mn in funds from an MoU. Read More>> Rolls-Royce and China Eastern signed a TotalCare agreement for Trent 700 engines The two companies have signed a TotalCare Life service agreement for 10 A330 aircraft powered by Trent 700 engines. The agreement, which will cover at least a five-year term, was announced at the fifth China International Import Expo (CIIE) in Shanghai from 5-10 November 2022. Read More>> Rocket Lab to supply satellite separation systems for Tranche 1 Transport Layer vendors Rocket Lab’s two contracts worth USD 14 Mn to provide satellite separation systems for companies building Space Development Agency’s Tranche 1 Transport Layer satellites. It will supply more than eighty total Lightband Separation Systems to prime contractor Lockheed Martin and another undisclosed customer. Read More>>Merger and acquisition Latecoere completes the acquisition of Avcorp Latecoere’s acquisition of Avcorp strengthens the Group’s aerostructures business through access to key aircraft platforms (B737 Max and F-35), an expanded product portfolio including wing sub-assemblies, and the production capabilities for large-scale composite parts. Read More>> MBDA, Safran acquire CILAS for military lasers Safran Electronics & Defense and MBDA acquired ArianeGroup’s 63% majority stake in CILAS, a French company specializing in lasers for military applications. The acquisition was carried out through a joint company created for the purpose called HMS Laser, equally owned by Safran Electronics & Defense and MBDA. Read More>>Partnerships Boeing and China-based planemaker agree to expand joint research pact China-based Commercial Aircraft Corporation of China and Boeing Co will expand cooperation on their joint research center. The deal comes as Boeing remains determined to maintain a strong presence in China, even though it no longer factors the country into its financial forecasts because China will not accept deliveries of new MAX planes. Read More>>Financial and market activity CAE Inc. shares price rises due to Q2 results The Montreal-based builder of flight and health simulators saw its closing share price increase 18.21% to USD 28.43 on the TSX. Net income attributable to equity holders was USD 44.5 Mn, or fourteen cents per share for the quarter, up from USD 14 Mn or four cents per share in the same quarter last year. Read More>> Rocket Lab posts record USD 63 Mn revenue in Q3, lands subcontracts for SDA and Globalstar programs Rocket Lab logged record revenue of USD 63.1 Mn in the third quarter of 2022, representing 14% sequential quarter-on-quarter growth and more than 1,000% growth from last year. In the third quarter of 2021, Rocket Lab posted just USD 5 Mn in revenue. Launch Services reported USD 23 Mn in revenue in Q3, compared to USD 1 Mn in Q3 last year. Read More>> Vertical Aerospace announces third quarter 2022 financial results Vertical Aerospace reported a net operating loss of USD 19 Mn for the three months ended September 30, 2022, compared to a net operating loss of 8m for the three months ended September 30, 2021. To support ongoing capital requirements, Vertical established an equity subscription line with Nomura, allowing Vertical to issue up to USD 100 Mn in new ordinary shares. Read More>>
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Latest Industry Insights from Draup Braindesk
Collins Aerospace develops Compatible Navigation systems to improve message formats and signal modulation techniques to ensure faster and more accurate Flight performance.
Collins Aerospace provides secure and advanced point-to-point communications and growth to fully networked communications for uncrewed aircraft control stations.
Collins Aerospace aims to upgrade aircraft by integrating new electric motors with more efficient technology requiring less engine power.
Charlotte, North Carolina Area, United States, serves as the key hub focusing on IT Consulting, Aerospace Testing & Simulation, Infrastructure Management systems, and Propulsion Systems related engagements.
Product Engineering Services, the highly outsourced segment, holds approximately 76% of the total outsourcing headcount. HCL is the key strategic outsourcing partner for Collins Aerospace.
Funding Alert
SpaceX could raise money above USD 150 Bn in value
Elon Musk’s SpaceX is in talks about an offering of mostly secondary shares that could value the company at up to USD 150 Bn, representing a 20% increase in valuation. The offering would be aimed at helping employees and shareholders cash out. Read more>>
Startup Spotlight
Company – Skyroot Aerospace Total Funding– USD 68.06 Mn About: Skyroot Aerospace develops launch vehicles for cost-effective access to space. Skyroot builds technologies for responsive, dependable, and economic access to space. They envision a future where spaceflight is as regular, dependable, and affordable as air flight. Read more>>
Saab Account Intelligence Report
Saab is keen on expanding its production of Carl-Gustaf M4, a man-portable shoulder-fired rifle with the carbon fiber winding technique, in 2024. It partnered with Heart Aerospace to enhance the transition toward sustainable aviation with electric aircraft development. Read More>>
Safran Account Intelligence Report
Safran focuses on electrical enhancements to develop its primary and secondary distribution solutions. It focuses on engine services to eliminate operational costs and maintain cooling systems. Safran introduced eco-friendly materials to control fuel consumption. Read More>>
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