29 Jul 2021Aerospace
This week in Aerospace & Defense: Sector accelerates into electrifying jets and doubles down on research into biofuels to decarbonize aviation

Latest Industry Insights from Draup Braindesk

The aerospace industry is catching on to the green energy trend with research into green aircraft, hybrid propulsion, and biofuels. They are designing and manufacturing fuel-efficient aircraft due to high fuel cost being one of the major pain points. 

  • Honeywell is developing a power source for hybrid electric aircraft that can operate high-power electric motors or charge batteries to satisfy missions from heavy-lift cargo drones to air taxis or commuter aircraft.
  • SKY Perfect JSAT, the primary satellite operator in Japan, partnered with Airbus to build Superbird-9, a digital in-orbit reconfigurable telecommunications satellite based on Airbus’ standardized OneSat product line.
  • VisionSafe partnered with Embraer to offer a new safety system for Praetor business jets. EVAS (Emergency Vision Assurance System), available as an STC (Supplement Type Certificate) on Embraer’s flagship Praetor aircraft, is a milestone for business aviation.
  • JetBlue expands the use of sustainable aviation fuel as part of its strategy to achieve net-zero carbon emissions by 2040.

Latest Reports Published in Draup

Honeywell International account intelligence report: Honeywell will enhance airport health and safety with AI video analytics and Honeywell’s Pro-Watch VMS. Its Ground Augmentation System speeds up the flight timings and enhances the military and governments with high-speed Wi-Fi. Read More>>
Teledyne Technologies account intelligence report: Teledyne focuses on developing digital imaging and signaling solutions to provide customers with advanced aerospace services by leveraging AI, IoT, sensors, and Graphical User Interface (GUI). Read More>>

Key Funding Alert

Heart Aerospace raises USD 35 Mn Series-A, lands order with United and Mesa Airlines for 200 aircraft 

Swedish electric aviation startup Heart Aerospace has received its biggest order to date. The deal includes an option of purchasing up to 100 additional aircraft, which was announced together with the funding round. Read More>>

Startup Spotlight

Company – Firehawk Aerospace
Year of establishment – 2019
Total Funding – USD 2.5 Mn
About: Firehawk Aerospace designs and manufactures safe, reliable, and cost-effective, high-performance rocket engines. They can custom design rocket engines matching the launch capabilities of their customers. Read more>>

Key Insights and Signals in Aerospace

Mergers and Acquisitions
Huntington Ingalls Industries to acquire Alion Science and Technology 
Alion will become part of Huntington Ingalls Industries’ Technical Solutions division. The transaction is expected to close in the second half of 2021, subject to customary closing conditions. Read More>>
L3Harris Technologies completes USD 1.45 Bn sales of its military training and combat propulsion systems businesses  
The company sold its military training business to CAE and its combat propulsion systems and related businesses to RENK AG. Proceeds from the divestitures are expected to be used for share repurchases. Read More>>
Teledyne Technologies acquires Flir Systems 
Flir will now be included in Teledyne’s digital imaging segment and operate under the name Teledyne Flir. Read More>>
TransDigm completes Divestiture of ScioTeq and TREALITY businesses  
A leading global designer, producer, and supplier of highly engineered aircraft components completed the divestiture of its ScioTeq and TREALITY Simulation Visual Systems businesses to OpenGate Capital for USD 200 Mn. Read More>>


Product Launch 
Lufthansa introduces IT solution for sustainable travel and mobility offers 
The new IT solution enables companies to integrate sustainable offers for customers into their product portfolio. The platform supports achieving CO2 reduction targets and accelerating the transition to sustainable mobility. Read More>>
Garmin launches new hand-held devices enabled with ISRO NavIC 
The new IT solution enables companies to integrate sustainable offers for customers into their product portfolio. The Indian Regional Navigation Satellite System (IRNSS) is recognized by the International Maritime Organisation (IMO) as a component of the World-Wide Radio Navigation System (WWRNS). Read More>>


Deals
AAC Clyde Space to build three EPIC Smallsats for Wyvern Inc. 
Under the agreement, AAC Clyde Space will design, manufacture and own three 6U EPIC satellites equipped with hyperspectral payloads. At the same time, Wyvern Inc. commits to subscribe to the data service for four years. Read More>>
Airbus selects Eutelsat 36D satellite to carry UHF payload 
Built by Airbus Defence and Space, the all-electric Eutelsat 36D will assure all the main legacy missions of Eutelsat 36B, with enhancements to coverage areas and performance. The satellite is due for launch in the first half of 2024. Read More>>
Bombardier announces its largest business jet order of the year 
Bombardier’s jets allows customers and operators to meet their evolving business and travel needs efficiently. As passengers increasingly look to private aviation for convenient and worry-free travel, Bombardier’s family of business jets offers a compelling array of choices. Read More>>
Govt. of Sri Lanka signs USD 49 Mn jet upgrade deal with Israel Aerospace Industries  
The deal includes replacing the aircraft’s basic avionics with the advanced 4+ generation fighter aircraft avionics to one day integrate advanced radar, sensors, communication systems, and new helmets. Read More>>
Maxar (MAXR) signs USD 35 Mn deal to offer WorldView Legion access 
Per the agreement, the prime customer will have first-hand access to Maxar’s avant-garde WorldView Legion satellite constellation. It can also leverage the company’s 3D data suite to improve situational awareness for the unnamed customer’s crucial government missions as part of the alliance. Read More>>
NASA selects Moog to power and control VIPER lunar rover
VIPER will rely on Moog’s radiation-hardened avionics technology to control the rover during its 100-day mission. The Integrated Avionics Unit (IAU) and Spacecraft Energization and Power Interfacing Assembly (SEPIA) will be the main computer and power management source for VIPER. Read More>>


Partnership
GE Digital joins with Airbus and Delta TechOps in digital alliance for fleet health monitoring and diagnostics 
With GE Digital’s added analytics capabilities and systems portfolio covering Airbus and non-Airbus OEM aircraft, airlines will benefit from cross-fleet health monitoring and diagnostics, reliability analysis, and predictive maintenance analytics. Read More>>
Lufthansa Technik Middle East and Joramco sign memorandum of understanding 
The agreement will allow Joramco to enhance its in-house capabilities with the help of LTME and allow LTME to relocate a number of its spares to the Joramco facility for consignment stock and repair capability. Read More>>
Nano Dimension and Hensoldt AG announce a JV to advance, prototype, and Share 3D-electronic printing designs 
HENSOLDT and Nano Dimension have been working together to expand the capabilities of AME 3D Hi-PEDs®. By formalizing their cooperation and co-investing approximately USD 6 Mn in the new joint venture entity, JAMES, HENSOLDT is strengthening its commitment to developing the most advanced technology in 3D printing. Read More>>


Executive Movement
Kaman announces CFO transition 
The company announced the appointment of James Coogan as Sr VP and CFO. Mr. Coogan, who served as the VP, Investor Relations and Corporate Development of Kaman, will succeed Robert Starr. Read More>>
Christopher Kubasik assumes the role as L3Harris CEO, William Brown transitions to executive chair 
Brown, a previous Wash100 awardee, became chair and CEO of L3Harris in June 2019 after the merger’s completion. He transitioned to a new role as executive chair of the board, and Kubasik will continue to serve as vice-chair in addition to his duties as CEO. Read More>>
Boeing appoints Brian West as CFO 
West will lead all aspects of Boeing’s financial strategy, performance, reporting, and long-range business planning, as well as investor relations, treasury, controller, and audit operations. Read More>>
Defense firm Qinetiq appoints new CFO 
Carol Borg, currently CFO of solar energy company Lightsource. Over a career spanning almost three decades, Borg has held several senior roles, including finance chief of wind turbine group Vestas’ southern Europe, MENA, and Latin America operations. Read More>>

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