This week in Aerospace and Defense: BAE systems and Raytheon target weapon system innovations
Latest Reports Published in Draup
Aerospace roadmap for 2021 & 2022: The aerospace industry is keen to enhance four key segments: autonomy, connectivity, smart mobility, and manufacturing by leveraging robotics platforms and digital technologies to develop next-gen autonomous and electric aircraft. Read More>>
Key Funding Alert
Orbital Sidekick wins USD 16 Mn U.S. Air Force contract
Orbital Sidekick will build and launch a constellation of six hyperspectral imaging satellites. The contract came from the U.S. Air Force commercial investment group AFVentures’s Strategic Financing program with support from the U.S. Space Force Space and Missile Systems Center and the U.S. Air Force Research Laboratory. Read More>>
Company – AirMap HQ Location – Greater Los Angeles Area, US Total Funding – USD 78.66 Mn Year of Inception – 2014 Type – Aerospace About: AirMap is building the foundations for the low-altitude air navigation systems of the future. Its focus is on providing airspace information so others in the nascent industry can build vehicles and applications. Read More>>
Key Insights and Signals in Draup
Partnerships Australian Space Agency, ISRO sign MoU The agreement will encourage collaboration in civil space research, technology, capability development, educational activities, and outer space use for peaceful purposes. Read More>> BAE Systems backs Australian tech company with global defense capability World-leading 3D volumetric display technology developed by South Australian company Voxon Photonics has won new work with BAE Systems’ U.K. based submarine business, and the Australian based Hunter Class Frigate program. Read More>> Bharat Forge, Paramount Group to make protected vehicles in India The two companies will cooperate on joining technologies, capabilities, and expertise to manufacture armored vehicles in India. Read More>> Al Jasoor joins forces with Raytheon Emirates Al Jasoor will collaborate with Raytheon Emirates and Raytheon Intelligence & Space (RI&S) to embed a High-Energy Laser Weapon System onto Al Jasoor’s signature Rabdan 8×8 platform. Read More>>Mergers and Acquisitions Quickstep completes acquisition of Boeing Australia’s MRO subsidiary The carbon fiber composites manufacturer took over the maintenance, repair, and overhaul subsidiary. The deal enables to grow its defense sustainment business, while opening opportunities in the high-value commercial aftermarket. Read More>> Bombardier sells Mexico wiring business to Latecoere The deal worth USD 45 Mn but will not affect the remainder of Bombardier’s Queretaro operations of producing major structures for aircraft. Read More>> Raytheon to contest Lockheed Martin’s takeover of Aerojet The deal is worth USD 4.4 Bn would have a top competitor absorb a key supplier of solid rocket motors used in Raytheon’s missile systems. Read More>> Former Boeing CEOs blank check company raises USD 240 Mn for a future aerospace deal The blank-check company founded by former Boeing CEO Dennis Muilenburg to prime the pump for a future high-tech acquisition went on the market with an initial public offering valued at USD 240 Mn. Read More>> BAE Systems positioning for growth in military GPS following Collins acquisition BAE Systems won the largest share of a USD 552 Mn deal the Space Force awarded to three companies in November to design and manufacture advanced GPS receivers that provide positioning, navigation, and timing to U.S. military forces. Read More>>Executive Movement and Signals Boeing replaces two more Directors as part of its post-737 MAX crisis overhaul The company will overhaul its governance following issues with 737 MAX, grounded for nearly 20 months following a pair of fatal accidents in 2018 and 2019 that claimed a total of 346 lives. Read More>> General Dynamics elects Robert K. Steel to the board of Directors Mr. Steel, a former Goldman Sachs VC and former undersecretary for domestic finance at the Treasury Department, has been elected to serve on General Dynamics’ board of directors. Read More>> Former Boeing chief Philip Condit joins Boom’s advisory board Mr. Condit now sits on Boom’s advisory council, helping steer the company as it tests a supersonic demonstrator and progresses with the development of a supersonic airliner. Read More>>
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