Thales and Swinburne forge partnership to develop BVLOS and aerostructures for eVOTL
Key Insights and Signals – Aerospace & Defense
Deals Korea Aerospace wins parts order from Boeing The company has signed a USD 105 Mn deal to supply aircraft parts to Boeing until 2030. The deal involves delivering 14 high-end parts, including strut, support, and pivot, for five of Boeing’s aircraft models, including the B767, B767-2C, B777, B777X, and B787. Read More>> Korea Aerospace secures a deal to sell 18 fighter jets to Malaysia Korea Aerospace secured a contract worth KRW 1.2 Tn (USD 908.8 Mn) to sell 18 FA-50 fighter jets to Malaysia. The delivery of the fighter jets is expected to begin in 2023. KAI beat out competitors from India, Pakistan, Russia, and Turkey to win the contract. Read More>> WB Electronics has a supply contract for Hanwha Aerospace for approx. PLN 693.5 Mn WB Electronics entered a contract with Hanwha Aerospace Co., Ltd. to supply command and communication system components for the Polish Army’s K239 multiple rocket launchers. The net value of the contract is approximately USD 155.5 Mn and will be implemented until the second quarter of 2027. Read More>>Partnership Thales Australia and Swinburne University of Technology sign Mou to advance next-generation air mobility systems Thales Australia will expand the existing partnership with the Swinburne University of Technology to advance research and development opportunities focusing on Beyond Visual Line of Sight to support regional cargo delivery and critical infrastructure inspections. Read More>>Mergers and Acquisitions TriMas to acquire Weldmac TriMas will acquire the Weldmac Manufacturing Company. This acquisition will add complementary, highly-engineered products and new manufacturing capabilities to TriMas Aerospace. Read More>>Executive Movement Astronics Corporation appoints Linda O’Brien to its Board of Directors Ms. OBrien is Vice President and Chief Engineer at Lockheed Martin Aeronautics, a position she has held since 2021. Ms. OBrien holds a B.S. in Mechanical Engineering from the University of Tennessee, an M.S. in Mechanical Engineering from Southern Methodist University, and an M.B.A. from Texas Christian University. Read More>> L3Harris elects retired four-star general Ed Rice to Board of Directors Rice served with distinction as a general officer, including commanding the U.S. He earned a bachelor’s degree in engineering from the U.S. Air Force Academy, and a master’s in aeronautics from Embry-Riddle Aeronautical University. Read More>> Moog Inc. announces executive leadership changes Mark Trabert has been appointed as EVP and COO, Joseph Alfieri as VP and President of Space and Defense, Mark Graczyk as VP and President of Military Aircraft, and Michael Schaff as VP and Commercial Aircraft. Read More>>Product Launch SpaceX plans to launch a Starship with Starlink satellites to Jupiter CityLife SpaceX plans to launch its Starship rocket, equipped with Starlink satellites. SpaceXs goal is to send thousands of Starlink satellites into orbit as part of a global broadband internet network. Read More>>Financial and Market Report AeroVironment revenue exceeds expectations in the third quarter AeroVironment reported a 49% increase in revenue for the quarter that ended December 31, 2022. The company’s revenue was USD 134.4 Mn, with an increase in product sales of USD 48.6 Mn, partially offset by a decrease in service revenue of USD 4.3 Mn. Read More>> Kaman reports fourth quarter and full year 2022 results Kanman reported strong growth in order intake for Q4 2022 compared to the previous year. Operating income increased by USD 3 Mn, adjusted EBITDA by USD 8.9 Mn, and margin by 3.2% compared to Q3 2022. Read More>>
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Latest Industry Insights from Draup Braindesk
Digital Prevention Platform
Boeing focuses on boosting airlines to take proactive maintenance and repair action and prevent unscheduled delays to avoid service disruptions.
Boeing expands AI and Cloud-based platform that allows airlines to investigate flight and maintenance data, identify trends, discover insights, and deploy predictive algorithms for anomaly detection in a commercial airplane by using augmented analytics.
Boeing’s autonomous offerings support maritime security, natural disaster planning, and prevention to mitigate threats that explore dynamic maritime operations
Advanced Commercial Airplanes
Boeing places a lot of emphasis on the commercial Boeing 737 and 737 MAX airplanes, which include CFM International LEAP-1B engines, cutting-edge winglets, and other aerodynamic upgrades to boost performance and save operating costs
The 737 version provides greater dependability and fuel economy in the single-aisle market. Depending on the configuration, the 737 MAX cuts fuel consumption and CO2 emissions by 20% compared to the aircraft it replaces.
Company – Verge Aero Total Funding – USD 4 Mn
Verge Aero is an experienced team of electrical, computer, software, systems, and aerospace engineers whose mission is to build and deploy unmanned aerial systems (UASs), or drones, for use in the entertainment industry. Read More>>
Fundraise and Investment
Lockheed Martin Ventures invests in an electric motor manufacturer
Lockheed Martin invested in the H3X Technologies company to accelerate the development and commercialization of its advanced electric motors. The investment will develop H3X’s HPDM family of integrated motor drives and scale-up production. Read More>>
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