22 Apr 2021Aerospace
This week in Aerospace & Defence: 3D-printed aircraft components, development of efficient rocket engines among prime objectives for companies

Latest Industry Insights from Draup Braindesk

Companies focus on innovation in fuel efficiency, flight planning, traffic management, and improvement in security features. 

  • Honeywell Aerospace aims to solve the most significant challenges faced by pilots, operators, passengers, finance, maintenance, and cabin crews through relentless innovations using advanced technologies. Honeywell Aerospace continues to deliver improved fuel efficiency, more direct and on-time flights, safer and more comfortable travel, better flight planning, and traffic management. 
  • Bell Textron is keen on providing aircraft maintenance solutions to enhance the sense of security for customers. 
  • They partnered with Hillwood to introduce Bell Autonomous Pod Transport services. 
  • They partnered with Sumitomo Corporation, Japan Airlines Co., Ltd, to provide advanced aircraft mobility solutions.

Latest Reports Published in Draup

Lockheed Martin Corporation account intelligence report: The company accelerates the adoption of leading-edge networking and related technologies into national defense enterprises. Lockheed obtained 22% sales growth from Aeronautics and Missiles & Fire Control business segments. Read More>>

ST Aerospace account intelligence report: ST Engineering Aerospace provides autonomous air systems as solutions for urban city applications, anticipating the rising demand for autonomy and AI. Their revenue increased by 30% over last year, attributed to MRAS1 and end-of-program reviews. Read more>>

Key Funding Alert

Venus Aerospace closes on USD 3 Mn in seed funding
The fund will help Venus build its Mach 12 hypersonic aircraft, allowing travel from Los Angeles to Tokyo in an hour. With other investments, the company will develop reusable and efficient advanced rocket engines and aerodynamic technologies.
Read More>>

Startup Spotlight

Company – EXOS Aerospace
HQ Location – Dallas/Fort Worth Area, USA
Total Funding – USD 7.55 Mn
About: EXOS is a manufacturing company specializing in biomedical research, material science, and aerospace engineering. They provide affordable, repeatable, and reliable commercial spaceflight with an accelerated turnaround. Read More>>

Key Insights and Signals in Draup

Centre Setup and Expansion
Blue Origin to expand rocket manufacturing facility at Kennedy Space Center
This new expansion will equip Kent, Washington-based Blue Origin, with new manufacturing and processing facilities to support its mission to build rockets and spacecraft that can take humans and supplies beyond Earth’s orbit. Read More>>
Boeing expands footprint in Germany with major industrial development near Hamburg
This new facility consolidates the company’s leading position in the European distribution services market. Read More>>
Deals
Navy awards Raytheon contract for AQS-20C mine-hunting sonars
The Naval Sea Systems Command awarded Raytheon a USD 66.5 Mn firm-fixed-price contract for engineering, design, development, production, integration, and testing to physically upgrade ten legacy AQS-20A mine hunting sonars to the AN/AQS-20C configuration. Read More>>
Dassault Aviation, Airbus reaches tentative deal on European FCAS fighter jets
The agreement on an FCAS (Future Combat Air System) fighter jet project unshackled week of gridlock over workshare alongside other scorching issues. Read More>>
BAE Systems wins two RN support deals
BAE Systems will deliver ship asset management, repair, and maintenance for the entire Portsmouth flotilla for GBP 900 Mn (USD 1.24 Bn). It will establish a JV with KBR (called KBS Maritime) to deliver ‘technology-led and data-driven facilities management and dockside services at the base under a separate GBP 365 Mn (USD 504 Mn) contract. Read More>>
Boeing secures another deal with Southwest Airlines for its 737 MAX airplanes
With the agreement, Southwest Airlines will also have a total of 270 options for either model, taking the commitment to more than 600 airplanes through 2031. The airline plans for additional 737 MAX jets through third-party lessors. Read More>>
Merger and Acquisitions
Nikon rockets into satellite parts by buying Boeing-backed startup
Nikon will apply its optical processing machines, a kind of 3D printing technology used to build up metal components from a powder-like material to making aerospace components for sale through Morf3D’s sales channels. Read More>>
Spanish aerospace group Aciturri plots USD 1.5 Bn bid for Rolls-Royce wing ITP Aero
Aciturri Aeronautica has emerged as one of the main contenders to acquire ITP Aero, a Basque region-headquartered arm of Rolls-Royce, making aircraft engines and turbines. Read More>>
Partnerships
General Atomics Aeronautical Systems and CP Technologies team to manufacture PACS for the U.S. Air Force
The Portable Aircraft Control Station (PACS) is a rugged, compact system capable of performing all direct connect aircraft pre-and post-flight operations and engine functions. Read More>>
SpaceX and Texas A&M collaborate on the future of space travel equipment
In 2017, NASA came to Texas A&M and utilized the school’s offshore technology research center to perform detailed testing for a specialized life raft, tested in College Station, developed to protect the crew. Read More>>
Executive Movement
BAE Systems gives the chief executive a pay rise to stop him from leaving
The UK’s largest defense contractor gave Charles Woodburn, 50, a base salary increase of more than GBP 100,000 (USD 138,210) and awarded him an additional share package worth GBP 2 Mn (USD 2.76 USD) to ensure his stay at the firm. Read More>>
BAE Systems hires general manager for Radford army ammunition plant
Johnson comes served as managing director for specialty and industrial additives at Lubrizol Corp., a Berkshire Hathaway specialty chemicals company, and then as VP of manufacturing for its Chemtool division. Read More>>
Here’s what’s new on our Sales Intelligence Platform
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