Telefonica and Airbus to develop security and defense tech products
Key Insights and Signals in Aerospace and Defense
Partnerships UST expands collaboration with BAE Systems in advancing small uncrewed systems The collaboration aims to foster closer engagement with SMEs in the uncrewed and autonomous systems sector. UST has a global audience in over 200 countries. Read More>> Bombardier and GD collaborate to deliver CMMA Canada will receive a multi-mission aircraft as a result of the collaboration between Bombardier’s Global 6500 aircraft and General Dynamics Mission Systems’s advanced mission system technology. Read More>> Telefonica inks Airbus 5G defense deal Telefonica Spain and Airbus collaborated on 5G products and technology for the military, integrating standalone 5G into aerospace platforms for defense and security. The partnership enhances military capabilities and promotes digital adoption. Read More>>Deals General Dynamics lands USD 1 Billion navy contract General Dynamics Electric Boat has received a USD 1.076 Billion contract modification from the U.S. Navy for Virginia-class submarine construction. The funds will support the purchase of materials for hulls 812 and 813, helping to increase production volume and meet mission requirements for the submarines. Read More>> Czech Republic awards BAE Systems USD 2.2 Billion contract to acquire 246 CV90s BAE Systems Hägglunds will sell 246 CV90 MkIV infantry fighting vehicles to the Czech Republic under a US$ 2.2 Billion contract. The agreement includes participation from the Czech industry, with 40% of the acquisition cost allocated to contracts for development, production, and assembly. The vehicles will support national sovereignty and meet the nation’s defense needs. Read More>>Centre Setup and Expansion Boeing to build new ‘Phantom Works’ facility in St. Louis to develop future military aircraft Boeing is constructing a new 47,500-square-foot facility in Berkeley for its Phantom Works division, focusing on future military aircraft. The facility will be adjacent to the existing site in St. Louis County. Most of the work at Phantom Works is classified, and Boeing has been expanding its facilities in various locations. Read More>> Beavercreek building officially becomes GE Aerospace’s newest location General Electric Aerospace opened a 280,000-square-foot engine component factory in Beavercreek, Ohio, for civil and military aviation. The US$32 Million Ohio facility investment includes this multimillion-dollar investment. GE Aerospace wants 400 new jobs by 2023. Read More>>Executive Movement Chemring hires Smiths Group’s James Mortensen as new CFO Chemring Group PLC appoints James Mortensen as CFO. Mortensen joins from Smiths Group PLC, where he was the group head of corporate development. He will take over from Andrew Lewis, with the joining date yet to be confirmed. Read More>>Merger and Acquisition HEICO (HEI) to acquire military aftermarket firm Wencor Group HEICO Corporation announced the acquisition of Wencor Group, an aircraft aftermarket company, to expand its Flight Support Group businesses and gain a stronger market presence. Read More>>Financial and Market Activity HEICO Corporation reports record second-quarter and first-six-month operating income and net sales In Q2 of fiscal 2023, HEICO Corporation reported a record net sale of USD 687.8 Million, up 28%. Operating income peaked at USD 157.1 Million. Net sales for the first six months of fiscal 2023 were USD 1,308.8 Million, with an operating income of USD 286.5 Million. Read More>>
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Latest Industry Insights from Draup Braindesk
Urban Air Mobility
Urban Air Mobility uses small, highly automated aircraft to carry passengers or cargo at lower altitudes to avoid traffic congestion.
The development of UAM vehicles is expected to accelerate over the next decade. Vehicle manufacturers have begun testing vehicles. The ecosystem participants are collaborating on developing a robust regulatory framework.
Aerospace and Defense developers are starting to use the technology of autonomous vehicles and autonomous robots.
This technology would help make timely decisions in critical situations such as the battlefield using advanced analytics and artificial intelligence.
Autonomous aircraft and defense tanks are being produced for the battlefield.
Another technology gaining traction in the aerospace and defense sector is the predictive maintenance of aircraft, battle vehicles, and tanks using machine learning and predictive analytics.
These technologies would enable efficient maintenance of the vehicles so that breakdowns and unwanted circumstances can be avoided.
Key Funding Alert
Lilium announces capital raise for up to USD 250 Million, with USD 100 Million funded at close
This capital raise is crucial in advancing Lilium’s mission to revolutionize the aviation industry with its all-electric vertical take-off and landing jet, the Lilium Jet. The funds will accelerate Lilium Jet’s development program, allowing it to maintain its rapid pace and meet key milestones. Read more>>
Company – Starfish Space Total Funding– USD 29 Million About: Starfish Space builds small space tugs to provide an on-demand in-space transportation service. The company’s space tug can perform a variety of satellite servicing missions. These include life extension, relocation, disposal, inspection, and more. Read more>>
Latest Reports Published in Draup
Raytheon Missiles & Defense Account Intelligence Report
Raytheon Missiles & Defense is providing new radars, which track enemy missiles and planes, to every new surface ship. It developed larger rocket motors for performance against advanced missile threats and hybrid rocket propulsion for future missile systems. Read More>>
Here’s what’s new on our Sales Intelligence Platform IT Spend analysis in an account’s financials view
Introducing IT Spend Analysis in an Account’s Financials view to help you understand the account spending propensity
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