This week in Aerospace & Defense: SpaceX inches closer to commercial launch with Starlink

Acquisition
SpaceX Starlink announces the acquisition of a huge customer.
Canada has granted regulatory approval for the low Earth orbit satellite constellation. Read More>>
Raytheon Intelligence to acquire satellite manufacturer Blue Canyon Technologies.

This will enable them to deliver a broader range of solutions to support their customers’ space missions. Read More>>
Lockheed Martin completes the acquisition of i3 Hypersonics portfolio.
This acquisition expands Lockheed Martin’s capabilities to design, develop and product integrated hypersonic weapon systems. Read More>>

Partnership
TransDigm group to buy Cobham Aero Connectivity.
Cobham Aero Connectivity is a provider of highly engineered antennas and radios for the aerospace end market. Read More>>
Terma A/S signs MoU to strengthen and expand its partnership with Alphatron Marine B.V

The parties will extend cooperation within sales, integration, and services related to Terma’s C-Series, C-Flex Patrol and SCANTER radar solutions. Read More>>

Contract Signed
General Atomics Aeronautical Systems awarded Smart Sensor contract.
The USD 93.3 Mn contract from the Joint Artificial Intelligence Center (JAIC) is to enhance the autonomous sensing capabilities of unmanned aircraft. Read More>>

Defense Deals
BAE Systems gets USD 3.2 Bn deal so British forces can reload.
Munitions will be supplied to the British military by BAE Systems over 15 years in a single-source deal.Read More>>
Northrop (NOC) wins USD 4.8 Bn deal to upgrade the global Hawk program.

Northrop’s offerings will include engineering studies, analyses, design, integration, test and evaluation & more. Read More>>
DRDO creates new lab for focused research along China, Pakistan borders.
The new lab will focus on research on terrain and avalanches along the border with China from Ladakh to Arunachal Pradesh.Read More>>
Thales and Mitsubishi Heavy Industries to deliver high frequency sonars to Japan Maritime self-defense force.
The partnership will equip the force with the latest generation of high-resolution synthetic aperture sonar that provides a high level of classification. Read More>>

Mass Hiring
Rolls-Royce is on a mission to create 6,000 UK jobs within five years.
They are part of a consortium leading efforts to convince the government to commit billions of pounds to build 16 small modular reactors (SMRs) around the UK. Read More>>
Pratt & Whitney relocated to NC in bid to cut costs.

The subsidiary of Raytheon Technologies will also add about 800 jobs to the local job market.Read More>>

Center Setup and Expansion
Government of Canada invests in new defense research facility in Valcartier.
It will provide scientists with modern, functional, and green facilities they need to continue cutting-edge defense research well into the future. Read More>>
Naval Group opens office in the Philippines with submarine deal in sight.

The French shipbuilder will be closer to its potential customer, the Philippine Navy, as the country looks to build a true submarine force. Read More>>

Layoffs
Boeing announces 7000 additional layoffs.

This brings the total to 30,000 for this year. The company cited the impact of the coronavirus pandemic on the airline industry as the underlying cause. Read More>>

General Electric is planning deeper cuts to its aviation unit.
The conglomerate has already shed about 25% of GE Aviation’s pre-pandemic 52,000-person workforce. Read More>>

Executive Movement
Icertis adds Dr. Klaus Richter to the board of advisors.

Dr. Richter is a global procurement expert and the former Chief Procurement Officer for Airbus and BMW. Read More>>
Triumph group extends CEO’s contract.

Daniel J. Crowley has also been elected as the Chair of the Board, effective immediately. Read More>>
Scott Stapp Promoted to Northrop CTO.
Stapp will report to Kathy Warden, chairman, CEO, and president of Northrop. Read More>>

Confluence by Zinnov

The latest edition of Zinnov Confluence – Confluence Europe – has the overarching theme ‘Engineering A Post-Pandemic World.’ 

The theme centers around the key dimensions of people, process, technology, and business that will enable companies to be ready to succeed in a post-COVID-19 world.

Vijay Swaminathan, CEO & Co-Founder, Draup, will be presenting a keynote talk on Reskilling for Relevance, where he will share rich insights on how companies need to rethink talent strategies to help redefine and reimagine their business outcomes. 

Read the blog here>>

Vamsee Tirukkala, COO & Co-Founder, Draup will moderate a Fireside Chat on Ambition.Readiness.Acceleration – Driving Globalization ROI from 3.40 pm to 4.00 pm CET.

Headlines From The Startup World

Startup Spotlight

Latest Insights & Reports

Military and Defense Aero programs in the USA: Digitization of Aircraft, Warfare Systems, and Warfare Operations is creating demand across various new-age roles like Data Scientist, Cloud Engineer, and Cyber Security Architect.
Read the full report here.

United Technologies (Raytheon) Account Intelligence Report: Raytheon Technologies continues to invest in digital technologies like AI/ML, Robotics, automation, and 3D printing technologies to define the future of aerospace and defense. Read the full report here.

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