Aerospace clients collaborate with the technology service providers to leverage advanced MRO and AI-based solutions to autonomous vision-based navigation and cybersecurity.
- SkyGrid, a joint venture between Boeing and SparkCognition, has recently announced a world-first plan to deploy an AI-powered cybersecurity system on drones.
Aerospace firms are taking a more incremental approach on fuel-efficient electric aircrafts by collaborations and investments in the electric aviation sector.
- Safran collaborates with Bye Aerospace to provide the eFlyer electric aircraft with smart motors that deliver integrated motor controller within the machine.
- Boeing collaborates with the Japanese government to work on Hybrid Electric Propulsion systems, the focus is to use both airplane fuel and electricity to drive the propulsion system.
Aerospace 3D printing market projected to grow exponentially due to the growing demand for lightweight 3D printed parts for aircrafts
- Wipro Infrastructure Engineering Ltd and Bharat Earth Movers Ltd and signed an MoU to focus on 3-D printed aerospace components and design optimization.
- Airbus partnered with Swiss OEM Liebherr-Aerospace to supply more serial-produced 3D-printed parts for its Airbus A350 XWB.
Latest Reports Published in Draup
Key Funding Alert
Orbex secures GBP 18 Mn (USD 25 Mn) funding round for U.K. space launch.
The Orbex Prime rocket uses bio-propane, a renewable biofuel that cuts CO2 emissions by 90%. Orbex Prime will leave no debris in the ocean or Earth’s orbit. The investments secure the roadmap to the first launch from the Space Hub Sutherland spaceport in Scotland. Read More>>
Company – Infostellar
HQ Location – Tokyo, Japan
Total Funding – USD 11.85 Mn
About: Infostellar makes space communications infrastructure & is now developing our cloud-based satellite antenna sharing platform, StellarStation. By lowering costs and increasing transmission time, Infostellar empowers satellite operators to improve their service quality and expand the potential business. Read More>>
Key Insights and Signals in Draup
Mergers and Acquisitions
Orano signs agreement With Daher to acquire its German and North American nuclear activities
The project is part of the Orano Group’s strategy to strengthen its competencies in its core business.
Ruag completes MRO sale to General Atomics Europe
The deal, announced in October, includes the production of the Dornier 228 utility twin turboprop and 420 employees but not the Ruag Aerostructures operation at Oberpfaffenhofen that employs 800 workers. Read More>>
OpenGate Capital to buy TransDigm’s visualization tech businesses
OpenGate Capital has entered into a USD 200 Mn acquisition deal for two TransDigm Group (NYSE: TDG) business units that offer visualization and simulation visual display systems. Read More>>
Rocket Lab agreed to merge with Vector Acquisition Corporation
California-based aerospace firm Rocket Lab has agreed to merge with blank check company Vector Acquisition Corporation to go public with its 3D printed rocket building business, a move that will see the combined company valued at USD 4.1 Bn. Read More>>
CAE to acquire L3Harris Technologies military training business for USD 1.05 Bn
The L3Harris Military Training business includes Link Simulation & Training, Doss Aviation, and AMI.
BAE Systems acquires Pulse Power and Measurement Limited
PPM’s technology can increase the speed and ease of sharing large volumes of data over a network, giving users greater ability to exploit that data. Read More>>
Aerojet Rocketdyne stockholders approve proposed acquisition by Lockheed Martin
Aerojet Rocketdyne Holdings, Inc. announced the merger agreement providing the proposed acquisition of Aerojet Rocketdyne by Lockheed Martin Corporation. Read More>>
Ecopia AI and Airbus partner to provide next-gen digital maps on a global scale
The digital mapping solution will provide commercial and government users with an accurate and up-to-date digital representation of their areas of interest, driving better decision-making across industries.
Israel Aerospace Industries, Korea Aerospace Industries sign MoU for teaming systems
The collaboration will offer the Republic of Korea military forces unmanned loitering munitions systems. Read More>>
Teledyne e2v and Yumain collaborate to create AI-based imaging solutions for machine vision
Together, the companies will develop cutting-edge bio-inspired vision solutions that can enable innovation in industrial applications. They plan to make A.I. technology more accessible. Read More>>
Lockheed Martin and NEC put A.I. to work on programs like NASA’s Artemis Mission
The collaboration will drive system diagnostics’ speed and efficiency and provide proven A.I. and ML capabilities across product lifecycles, positively impacting design and production phases of spacecraft development, including applications on NASA’s Orion vehicle for the Artemis mission. Read More>>
Druva teams with Leidos on NASA NEST contract
As a subcontractor, Druva will protect more than 60,000 endpoint workloads, enabling NASA to protect, backup seamlessly, and restore files across the organization, regardless of device or location, utilizing AWS GovCloud (U.S.). Read More>>
Executive Movement and Signals
Hanwha heir to spearhead group’s ‘shortcut to space’
Kim Dong-Kwan, the heir apparent of South Korea’s defense-to-finance conglomerate Hanwha and the mastermind behind its advancements in the solar power industry, will lead its space satellite business. Read More>>
BAE appoints new leader for its Integrated Defense Solutions business
Lisa Hand will be V.P. and general manager for the company’s Integrated Defense Solutions business. Her organization of more than 2,600 employees will provide engineering, integration, and sustainment services to enhance customers’ mission effectiveness. Read More>>
Collins Aerospace Exec Lizy Paul appointed National Spectrum Consortium chair
Lizy Paul will collaborate among government, industry leaders, and academia to face critical technology challenges. She has patented 15 technologies in the radio frequency communications and networking domain. Read More>>
Missile manufacturer MBDA owned by Airbus, BAE Systems, and Leonardo to create 500 UK jobs in 2021
MBDA employs more than 4,500 in the U.K. Jobs on offer include software and systems engineering roles, with staff employed in these positions predominantly based in Bristol. Read More>>
Senior PLC plans to add hundreds of staff for Airbus A320 ramp-up
The aerospace supplier will hire new staff to ramp up narrow-body jet production. The hiring will have a focus on its plants in the U.S. and Asia. Read More>>
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