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Skyroot Aerospace's programme to launch India's first-ever privately-designed and developed rocket, Vikram-1, received a boost with the Department of Space entering into a non-disclosure agreement (NDA) with the Hyderabad-based company building small satellite launch vehicles.

The NDA signed on Tuesday will enable the company, run by former ISRO scientists, to access the facilities and technical expertise available in ISRO centres to proceed with its launch vehicle development programme.

Indian Space Research Organisation's Scientific Secretary R. Umamaheswaran signed the agreement on behalf of Department of Space and Skyroot Aerospace CEO Pawan Kumar Chandana signed the agreement from the company's side.

Skyroot representatives also met ISRO chief Dr K. Sivan, who assured all support to Skyroot for testing and qualifying their launch vehicle.

Chandana told IANS that the NDA marks the formal beginning of their working with ISRO. "From this point onwards, we will exchange data and we will exchange technical expertise, especially from ISRO to us that will enable us to do our programme faster and more reliably because we will have ISRO's strength along with us now and we get to use all testing facilities including testing and launching," he said.

Chandana, a former ISRO scientist, pointed out that the national space agency has a committee which gives all approvals including for utilisation of test facilities. Chandana, who founded Skyroot along with former ISRO scientists Naga Bharath Daka and Vasudevan Gnanagandhi, said they plan to launch their first rocket by the end of 2021.

"We are planning to do a launch by the end of this year. For that, all hardware, propulsion will be tested at ISRO," he said.

The company's vision for Indian space is rapid development of complex aerospace systems with lean use of resources. "We are building the first private Indian launch vehicle to put a satellite in orbit and marching ahead to compete for a reasonable share in the international small satellite launch market which is estimated to be $16Bn in the next decade," says Chandana on the company website.

Skyroot is developing a family of rockets especially crafted for the small satellite market and named after Vikram Sarabhai, the father of India's space programme.

Built on a common architecture and covering a wide range of payloads, they offer the most affordable and on-demand ride to space. Vikram-I requires minimal range infrastructure and can be assembled and launched within 24 hours from any launch site.

Skyroot has already achieved a few milestones in its journey to launch the first rocket. It successfully test-fired its first solid rocket propulsion stage demonstrator. Named Kalam-5, it is first of the five engines the company plans to test. Backed by investors like Myntra founder Mukesh Bansal, the company has raised $4.3 million till now and plans to raise another $15 million during the current year.

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Skyroot Aerospace Signs Pact with ISRO to Launch India's First Private Rocket | The Weather Channel - Articles from The Weather Channel | weather.com...

CEDAR PARK, Texas--(BUSINESS WIRE)--Firefly Aerospace, Inc., a leading provider of economical and dependable launch vehicles, spacecraft, and in-space services, announced the appointment of Deborah Lee James and Robert Cardillo to its Board of Directors. Fireflys new three-person board, including Firefly CEO, Dr. Tom Markusic, will be led by Ms. James, serving as Chairman of the Board.

Deborah Lee James has a three-decade track record in national security, including 20 years of U.S. government service, with time on Capitol Hill as a professional staff member in the U.S. House of Representatives and two tours in the Pentagon, first as an Assistant Secretary of Defense and later as the Secretary of the Air Force. As Secretary, Ms. James also was the Principal Defense Space Advisor. She has led large industry teams in support of the military, most notably as President of the Technical and Engineering Sector of SAIC, responsible for $2 billion in Defense contract revenue and 8,700 employees. Ms. James is the author of the leadership book Aim High: Chart Your Course and Find Success; and serves on the boards of various organizations including Textron, Unisys, Noblis, the Penfed Foundation and LeanIn.Org.

Robert Cardillo is president of The Cardillo Group, LLC, delivering strategic and operational expertise to create an enhanced awareness of planet Earth to enable improved decision-making. Before forming TCG in May 2019, Mr. Cardillo was the sixth Director of the National Geospatial-Intelligence Agency from 2014 through 2019. He led transformation of the Agencys future value proposition through innovative partnerships with the growing commercial geospatial marketplace. During his 35+ years of public service, Robert served in leadership positions within the organization of the Chairman of the Joint Chiefs of Staff, the Defense Intelligence Agency, and the Office of the Director of National Intelligence.

We are thrilled to have Debbie and Robert join the Firefly Board of Directors, said Dr. Markusic. Their guidance will be critical as Firefly transitions from a rapid product development company to an integrated provider of launch, in-space, and lunar mission services for commercial, civil, and national security space customers. Their experience in the private sector and as leaders of critical U.S. government organizations will enable Firefly to fully realize our corporate objective of becoming the preeminent end-to-end space transportation company in the nations small space industrial base.

Concurrently, with the addition of the new board of directors, Firefly intends to implement an internal restructuring of the company. These corporate changes will reflect the strategic objectives of Firefly and assure focus and resources are properly allocated to effectively develop our core spacecraft and launch vehicle product lines, added Dr. Markusic. In particular, we intend to segregate launchers and spacecraft as dedicated business units and greatly expand our business development and government relations team in Washington, D.C.

He continued, The number of employees at Firefly has nearly doubled over the last year, and we continue to aggressively recruit top technical talent to develop our next-generation spacecraft and rockets. We will also be conducting a nationwide executive talent search over the coming months to provide strong leadership for the new business units. Space is expected to be the fastest growing industry of the twenty-first century, and Firefly is determined to be perfectly positioned to lead the way in this new emerging space economy.

ABOUT FIREFLY AEROSPACEFirefly is developing a family of launch and in-space vehicles and services that provide industry-leading affordability, convenience and reliability. Fireflys launch vehicles utilize common technologies, manufacturing infrastructure and launch capabilities, providing LEO launch solutions for up to ten metric tons of payload at the lowest cost per kg in the small-lift class. Combined with Fireflys in-space vehicles, such as the Space Utility Vehicle and Lunar Lander, Firefly provides the space industry with a one-stop shop for missions from LEO to the surface of the Moon or beyond. Firefly is headquartered in Cedar Park, TX.

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Firefly Aerospace Announces New Board of Directors and Corporate Expansion Plans - Business Wire

While Washington State has long been a leader in the space sector, honing in on the states strength in the sector has necessitated a change in thinking among industry advocates.

We really are a space state, but we are an entrepreneurial space state. There is no single standing federal or defense space presence like a Johnson Space Center, like what you would see in Texas or Florida or parts of Virginia, said Emily Wittman, President & CEO if the Aerospace Futures Alliance and Washington State Space Coalition. We are really entrepreneurial and are companies see themselves as closer to technology companies on the cutting edge of research and development, innovation and testing rather than a traditional large aircraft manufacturer.

Wittman provided an overview of the opportunities for aerospace suppliers in the space economy during a Wednesday work session in the House Community & Economic Development Committee.

According to data presented by Wittman, there are over 3,000 operational satellites in orbit and over 100 orbital launches per year. The US government spends about $50 billion per year for purposes related to space.

Within the broader space market, Washington State is on the forefront of the satellite manufacturing and launch ecosystem.

There are lots of opportunities in global defense, but where Washington State really shines is less in defense contracts and really in this entrepreneurial space ecosystem, said Wittman

For perspective, space related manufacturing has not reached the scale of commercial aerospace in terms of revenue. Global space satellite manufacturing revenue was about one quarter of Boeings commercial airplane revenue ($30 billion) in 2019.

Despite that small scale, Wittman said there are still plenty of reasons why aerospace employers should look to engage with the space industry. When surveyed, 16 aerospace companies Boeing was not among them reported a 47 percent single year loss in revenue in 2020. That computed to a 23% loss in total employment at those 16 companies, representing over 600 individuals who lost aerospace jobs in Snohomish County due to the pandemic.

A new industry like space manufacturing is one avenue for diversification, says Wittman.

Investing in aerospace and manufacturing is one of the five core recommendations for long-term economic recovery in Washington State listed by the Senate Committee on Economic Recoverys Blueprint for Recovery. Diversifying the aerospace manufacturing sector was cited as one of the specific solutions.

We need to think about incentives for manufacturing and explore other avenues. We need to think of our state not just as Boeing state, but as a potential aerospace hub, said Sen. David Frockt.

According to an AFA & WSCC survey of 40 space companies based in Washington State, the companies directly employ over 5,000 workers, a figure which Wittman says is growing.

Space is only one facet of Washingtons diverse aerospace sector, though it has been a historically significant part of the states economy.

In a presentation on the history of the space industry in Washington State, the Department of Commerce recounts that Boeing began building the Lunar Roving Vehicle (LRV) at their Kent facility in 1969, and the first vehicle was delivered just 17 months after the contract was signed. Three LRVs remain on the moon, and were designated as Washington State Historic Landmarks in October 2020.

Looking ahead, Wittman underscored AFA & WSCCs support for a house bill that would direct the Department of Commerce to complete a study of public policies that might encourage development of the new space economy and the geographic distribution of space economy sector employment and training opportunities across Washington.

Public service journalism is important today as ever. If you get something from our coverage, please consider making a donation to support our work. Thanks for reading our stuff.

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The opportunities for Washington State aerospace suppliers in the space economy - Washington State Wire

HILL AIR FORCE BASE A new aircraft restoration and maintenance facility has recently been completed and turned over to the Hill Aerospace Museum.

This newly constructed building came about through the Falcon Hill enhanced use lease, or EUL, program and replaced the museums previous restoration facility, an old and weathered warehouse near the new Northrop Grumman facility located next to the bases Roy Gate.

The EUL program allows the Air Force to lease land to a developer to create and lease commercial space and infrastructure. The new facility will be used to care for the museums collection of aircraft and other artifacts while offering unique, real-world airframe work opportunities for local high school and college students, as well as base volunteers.

Museum aircraft are acquired from multiple sources and often arrive needing a significant amount of work, including corrosion mitigation to preserve the exterior and interior restoration before they are displayed.

Each project is very individual in nature and is accomplished by enlisting a large amount of volunteer help from across Hill AFB and the outlying community.

Many volunteers with prior airframe technical knowledge and experience donate time and provide invaluable skills with part fabrication and reconstruction know how.

Brandon Hedges, Hill Aerospace Museum restoration chief, said part of the volunteer restoration manpower is provided by local students.

One very exciting piece of our volunteer restoration program is the partner relationships we have with several local academic institutions, which allows students from the surrounding community to learn and work on real aircraft at our facility, said Hedges.

An existing memorandum of understanding has been in place for six years between the museum and the Utah Military Academy, a local charter high school, which benefits both students and the museum.

It allows junior and senior students enrolled in the academys basic airframes structure course, the opportunity to work on aircraft restoration projects of all different vintage, types and models.

Students are currently working on a B-29 Superfortress nose art display consisting of 15 four-by-four aluminum panels, each requiring up to three thousand rivets that will simulate the airframes fuselage skin depicting a variety of World War II nose art.

Throughout instruction students learn material identification and properties, how to form metal, as well as the importance of tool safety and control, which is modeled off of Air Force regulations.

Tools and equipment consist of metal cutting and forming tools and some wood working tools, which are required for work on some older wood platform aircraft, like the B-17 Flying Fortress

This program allows us to utilize students for restoration work on project aircraft, while providing them invaluable airframe experience as well as course credit hours, said Hedges. We are fortunate to have Darrell Gronau, aviation structures repair instructor and retired Air Force chief master sergeant, who volunteers through the museums education program and is teaching this course at our new facility.

In addition, a relationship was recently established with the Davis Applied Technology College for student work on the museums current F-117 Nighthawk project.

As with many modern aircraft received by the museum, the F-117 arrived missing parts such as leading- trailing edges and a nose cone, which were removed for security reasons.

In these type of situations, the museum staff is left to fabricate replacement parts in order to replicate the missing pieces.

Dimensions for replica parts were sent by the National Museum and Tonopah, but while researching restoration we decided to replace parts with fabricated composites, which will be similar to the original layout and design, said Hedges. For example, metal leading edges were recommended, but the original airframe edges were made of composite, so we ended up partnering with the DATC to create those for us, with college-level students preforming the work.

With volunteer support and community academic partnerships, the Hill Aerospace museum is able to fabricate almost all restoration parts in house, only outsourcing on rare occasion for very large projects such as an entire airframe.

Additionally, the museum offers paid annual college internships, six of which are hired out by the restoration department.

Interns receive meaningful experience that can later be applied in the real world, with a monetary amount paid to the students tuition school account by the museums Heritage Foundation for 200 hours of restoration labor.

Aaron Clark, Hill Aerospace Museum director, said that while he is excited how this new resource will improve collection care, he is most enthusiastic about exploring and hopefully developing additional school partnership opportunities in the future.

With this new facility and the amenities it offers, we now hope to partner with more neighboring high schools and colleges to develop an in-house airframe maintenance program to educate and inspire the Airmen of tomorrow civilian and military through the unique hands-on experiences they can get at this museum.

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Hill Aerospace Museum looks to expand community educational partnerships with a new aircraft restoration facility - Standard-Examiner

While covering the LoyolaMARS initiatives, Loyolan copy editor Brynn Shaffer sat down with some of the members of the team to talk about the club, their aspirations and the future of aerospace.

Troy Womack-Henderson, freshman computer science major

What inspired you to join LoyolaMARS? How did you first hear about it and how long have you been a part of it? How active are you in the team?

LMARS is actually one of the reasons that I decided to apply to, and attend, LMU. When I first heard about it, when I was applying around this time last year, I just saw that they were really involved in aerospace research, not just building rockets, but also just teaching about the aerospace industry and rocketry which was really cool When I was researching schools and I was considering LMU, since I knew it was in this aerospace hub of Southern California, I remember seeing an article I believe done by Seaver News, and it did a special back in 2018 on the current team. It had their website, and it basically just introduced me to what they were doing, their group and their society and everything. It all sounded really, really interesting and I hadnt seen other clubs similar to it at any other universities, so that definitely motivated my decision to apply to LMU.

Are you interested in space exploration at all, like being an astronaut yourself, or are you more interested in the behind the scenes/mechanical part of aerospace engineering?

I would definitely say a little bit of everything. I think that the aerospace industry, especially now with the industry in the U.S. trying to make space flight commercial and accessible to everyone, [is] a really exciting industry, and its something Ive always wanted to do since I was little. I really want to be an astronaut because I love space and I love rockets, and I think to do scientific research in space and help space exploration and humanity would be a really great thing for me to do for my career.

Marina Aziz, sophomore, electrical engineering with an emphasis in computer engineering major

Can you name a role model of yours? Maybe you have one within the aerospace industry?

Within people I know, definitely Dr. [Claire] Leon. I could talk about her for literally days. I love her. I admire her so much, shes such an incredible person. And the fact that she did the things she did before women in STEM was really even a thing. She worked for Boeing for 35 years, and then the AirForce for five and now shes a professor at LMU, so can you imagine like 45 years ago, she was working at Boeing, she stayed at Boeing for 35 years, was a manager, big-baller, shes just really cool.

With COVID-19 and the transition to Zoom, what has that looked like for you and the team? Has it been an easy or hard transition? Maybe discouraging?

The e-board people, like the president Matt, they havent made it very public if theyre struggling or not, but I think they have definitely had a good transition in terms of shifting from more hands-on projects to more like focusing on our careers. Which I think is really cool, I think they definitely made the most out of the situation that we were put in. The whole point of the club is to build rockets. So, you would expect that when we go online, were not going to be doing anything, right? But, if anything, I think that I feel more involved in the club now than I did before just because you always have like a speaker to look forward to or like a CAD workshop. Theres just always something to do now, and its like right at your fingertips. They definitely made the most out of it.

Sabrina Colet-Ruiz, senior mechanical engineering major

Are you interested in space exploration at all, like being an astronaut yourself, or are you more interested in the behind the scenes/mechanical part of aerospace engineering?

Definitely more like behind the scenes, for sure. I like space applications for satellites and for studying the Earth, but Im actually not really keen on Elon Musk, like colonization of Mars and stuff, I think its kind of a little ridiculous. I just think theres a lot of money going into it, and I think its so weird that people would rather move to Mars and colonize Mars, than just take care of what we have here. So I totally like the idea of satellites and rocketry and stuff to study Earth and to help improve the Earth, but I just think its a little weird that you would want to start another world on another planet.

What is your favorite thing about LoyolaMARS? Could be anything.

Right now I really like our speakers that come in to talk to us. So like speakers or more opportunities to talk to professionals in a smaller context than if you went to a big presentation at LMU, which they do sometimes, like the Seaver spotlights.

Clare Galvin, junior mechanical engineering major, computer science minor

What inspired you to join LoyolaMARS? How did you first hear about it and how long have you been a part of it? How active are you in the team?

I joined LMARS freshman year because I heard it would be a good idea to join a project as an engineering major and be working on it. And I chose LMARS because they came to speak to all the freshmen and caught my eye. First semester, freshman year, all of the project leaders came to talk to us and I was the most interested in rocket club. Since then, Ive been on the team, so three years and now I am the treasurer, so Im trying to be a little more of a leader in the club. Were now participating in this dollar per foot challenge.

Can you name a role model of yours? Maybe you have one within the aerospace industry?

One of our professors actually is our club advisor, Dr. Leon, Dr. Claire Leon. And we share a first name so thats fun. She is really cool. She was, I think, a VP, or at least a manager, at Boeing and then went to lead a division at the AirForce as a civilian. And she helped me get my connections that led to my internship last summer, so shes just been a really helpful mentor and shes just really cool.

How do you think being a part of LoyolaMARS is benefiting you individually? Maybe in either personal or professional aspects of life, or maybe just to fulfill a hobby of yours?

Its definitely helpful professionally. Its hard to know what to talk about in a job interview, but a project is the best thing to talk about for an engineering student, especially one that can apply so directly to a lot of the companies that are around us since we are in such an aerospace-heavy part of the world. Its been super helpful for interviews for me.

Jesus Arzapalo, sophomore philosophy major

Can you name a role model of yours? Maybe you have one within the aerospace industry?

Theres this astronaut who used to be a navy seal and also a doctor, his name is Johnny King. Its pretty crazy to be a navy seal and then go to med school and then become an astronaut, a really difficult career.

Professor Leon told me about the weekly speaker series. What are your thoughts on them? Are they inspiring? Who has been one of your favorite speakers thus far?

Yeah, they are inspiring. Its great to hear from people in the industry in engineering; just right now I came from one, her name was Candace Givens, she works at Northrop Grumman. She was describing her career as she started as a systems engineer and then she went to LMU to get a masters and now shes been working there for a while. Its really interesting to hear how people find different career paths. So that is inspiring.

Jose Garcia, senior mechanical engineering major

What are your duties and responsibilities as VP of LoyolaMARS?

I do a lot of outreach. I work with the president to figure out what speakers we should have. I also teach a class through the club, so I use it as a platform to help give back to the community, the LMU community as much as possible.

How does aerospace and medicine fit together, since it seems like a very unconventional path?

Its very common for astronauts to be doctors because they have different missions that are required, depending on what the budget is, to do specific research. So very often, youll find astronauts who have a medical degree or they have a PhD in something, but theyll bring along a whole team with different strengths, and with that, Ill just have more strengths allocated.

Is there anything you think the team is lacking/could be improved upon?

Members! I feel like there are a lot of tools and opportunities that I feel that we provide that I wish more people took advantage of.

This article is part of a three-part package series on LoyolaMARS, in which Loyolan copy editor Brynn Shaffer investigates the club in-depth. Read more coverage with a news story on everything you should know about the club,and anopinion pieceon why space exploration is fundamental to societal advancement.

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Meet the team behind the brains: LoyolaMARS students talk all things aerospace - Los Angeles Loyolan

A new aerospace company led by former Boeing head Dennis Muilenburg has assembled an experienced management team and aims to advance technologies such as alternative propulsion, automation and manufacturing.

That is according to documents recently disclosed by Muilenburgs new venture a blank-check investment company called New Vista Acquisition.

Blank-check companies are publicly traded firms established for the sole purpose of raising money to acquire and bring public other companies.

When formed, blank-check companies do not disclose acquisition targets; they raise money based on the experience of their management teams.

We intend to focus our search for a target business operating in the aviation, aerospace and defence industries, New Vista says in a 1 February securities filing.

New Vista is eying companies that develop technologies related to electric and hybrid-electric propulsion, alternative fuel, electric power systems, advanced materials, manufacturing, computing, situational awareness, automation, machine learning and artificial intelligence, documents say.

We believe that our broad industry focus will provide for many potential targets that could become attractive public companies, the documents read. Potential acquisitions could range from high-growth, early-stage innovators to more-mature businesses with established franchises, revenue streams and cash flows.

New Vista, which is incorporated in the Cayman Islands but lists Chicago as its US base, declines to comment, saying it is now in a quiet period.

It expects to begin trading on the NASDAQ exchange imminently under the symbol NVSAU, and to raise $200 million through an initial offering of public stock.

New Vistas executive team includes CEO Muilenburg, chief operating officer Kirsten Bartok Touw and chief financial officer Travis Nelson.

Muilenburg, an engineer by background, was Boeing CEO from 2015 until leaving amid the 737 Max crisis in December 2019. He joined Boeing as an intern in 1985 and held several senior roles, including chief operating officer.

Under Mr Muilenburgs leadership, Boeings stock price increased significantly, its market capitalisation doubled and annual revenue exceeded $100 billion for the first time in company history, the filing says.

Boeings revenue did indeed hit $101 billion in 2018. But revenue sank to $77 billion in 2019 amid the Max grounding, and to $58 billion with the added pandemic pressure in 2020.

New Vista notes that Muilenburg, along with Boeing, were defendants in legal cases arising from two 737 Max crashes that killed 346 people. Boeing settled a case brought by the US Department of Justice.

Bartok Touw is managing partner of aerospace finance company AirFinance. She previously was vice-president of structured finance and corporate development at Hawker Beechcraft and has helped finance projects related to advanced air mobility, autonomy, machine learning and drones, according to New Vista.

Nelson has been a managing member of investment company Eclipse Investors and is former managing director at investment firm TowerBrook.

New Vista names several executives who have been nominated to become its directors.

Those include Marion Blakey, previous head of the Federal Aviation Administration, Rolls-Royce North America and the Aerospace Industries Association, Howard Lance, former CEO of space company Maxar Technologies, Christopher Lofgren, a logistics executive who isUS Chamber of Commerce board chair, and Stephen Wilson, aretired US Air Force general.

Advisers to New Vista include a number of former Boeing staffers. Among them are former Boeingcommunications and marketing executive Anne Toulouse, former Boeing chief technology officer John Tracy andformer senior vice-president of Boeings office of internal governance and administration Diana Sands, New Vista says.

Other advisers include former Google, United Technologies and Airbus executive Paul Eremenko, Uber Elevate head of business development Wyatt Smith, retired US Air Force general Maryanne Miller and retired US Army lieutenant general Herbert Raymond McMaster.

Our team has broad and significant relationships with domestic and international corporations, industry leaders and defence and security agencies, New Vista says.

Story updated on 2 Febuary to clarify which executives will be advisers to New Vista.

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Former Boeing CEO's start-up aims to invest in advanced aerospace technology - Flightglobal

RESTON, Va., Feb. 3, 2021 /PRNewswire/ --Leidos (NYSE: LDOS), a FORTUNE 500 science and technology company, will participate in the Cowen 42nd Annual Aerospace/Defense & Industrials Conference webcast.

Roger Krone, Chief Executive Officer, will participate in a question and answer "fireside chat" on Thursday, February 11, 2021 at 11:00am ET.

A live audio webcast of the event will be available on the Leidos Investor Relations website at http://ir.leidos.com. A replay of the webcast will be available following the presentation at the same link listed above for 90 days afterward.

About Leidos

Leidos is a Fortune 500 information technology, engineering, and science solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The company's 38,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Va., Leidos reported annual revenues of approximately $11.09 billion for the fiscal year ended January 3, 2020. For more information, visit http://www.Leidos.com.

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Leidos To Participate In The Cowen 42nd Annual Aerospace/Defense & Industrials Conference - WFMZ Allentown

ARLINGTON, Va., Feb. 2, 2021 /PRNewswire/ --Neil deGrasse Tyson, head of the Hayden Planetarium and research associate of the Department of Astrophysics at the American Museum of Natural History, will participate in the Air Force Association's 2021 virtual Aerospace Warfare Symposium, Feb. 24 26, by hosting a fireside chat with Gen. John W. "Jay" Raymond, Chief of Space Operations.

"We are delighted to welcome Dr. Tyson, a brilliant astrophysicist, space advocate, and author to speak at one of the premier events for Airmen, Guardians, defense industry members, and aerospace professionals," said AFA President, retired Lt. Gen. Bruce Wright. "Dr. Tyson's passion for space and the universe is unrivaled and we look forward to his fireside chat with Gen. Raymond, our first U.S. Space Force Chief of Space Operations. AFA remains committed to further strengthening our support for the Department of the Air Force, including our growing focus on the Space Force and all things 'space.' Dr. Tyson's presence will certainly amplify that commitment and what our Air Force Association is all about."

This year's symposium theme, "Accelerate and Innovate: Actualizing the Nation's Need for Dominant Air and Space Forces" will feature 40 sessions, ranging from workshops to major addresses from Air and Space Forces leaders, industry experts, and aerospace professionals. More than half of the sessions will be live streamed each day, including Fireside chats from Gen Charles Q. Brown Jr., Air Force Chief of Staff and The Honorable John Roth, Acting Secretary of the Air Force.

Learn more and register for the 2021 virtual Aerospace Warfare Symposium.

About AFA: The Air Force Association is a non-profit, independent, professional military and aerospace education association. Our mission is to promote dominant U.S. Air and Space Forces as the foundation of a strong National Defense; to honor and support our Airmen, Guardians, and their Families; and to remember and respect our enduring Heritage.

Contact:Bridget DonguDirector, Communications[emailprotected]703-389-1905

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Neil deGrasse Tyson to be Featured at Virtual Aerospace Warfare Symposium - PRNewswire

PITTSBURGH--(BUSINESS WIRE)--Howmet Aerospace (NYSE:HWM) today reported fourth quarter 2020 and full year 2020 results. The Company reported fourth quarter revenues of $1.2 billion, down 29% year over year due to disruptions in the commercial aerospace and commercial transportation markets, primarily driven by COVID-19 and Boeing 737 MAX production declines, partially offset by growth in the defense aerospace and industrial gas turbine markets. Fourth quarter 2020 revenues increased 9% sequentially from the third quarter 2020.

Howmet Aerospace reported income from continuing operations of $106 million, or $0.24 per share, in the fourth quarter 2020 versus income from continuing operations of $118 million, or $0.27 per share, in the fourth quarter 2019. Income from continuing operations excluding special items was $92 million, or $0.21 per share, in the fourth quarter 2020, versus $164 million, or $0.37 per share, in the fourth quarter 2019. Income from continuing operations in the fourth quarter 2020 included a $14 million benefit from special items, principally related to plant fire insurance proceeds and tax related items, partially offset by restructuring and other charges.

Full year 2020 income from continuing operations was $211 million, or $0.48 per share, versus income from continuing operations of $126 million, or $0.27 per share, in the full year 2019. Full year income from continuing operations excluding special items was $354 million, or $0.80 per share ($0.77 per share including pre-separation allocations), versus $590 million, or $1.29 per share, in the full year 2019. Income from continuing operations in full year 2020 included a $143 million charge from special items, principally related to separation costs and charges associated with cost reduction initiatives.

Fourth quarter 2020 operating income was $221 million, down 22% year over year. Operating income excluding special items was $215 million, down 28% year over year. The year-over-year decline was due to significant disruptions in the commercial aerospace market, driven by COVID-19 and Boeing 737 MAX and 787 production declines, and the commercial transportation market, driven by COVID-19, resulting in unfavorable volume and product mix. The decline was partially offset by growth in the defense aerospace and industrial gas turbine markets, variable and fixed cost reductions, and favorable product pricing. Operating income margin, excluding special items, was up approximately 20 basis points year over year to 17.4%.

Full year 2020 operating income was $626 million versus $579 million in the full year 2019. Operating income excluding special items for full year 2020 was $809 million ($814 million including pre-separation allocations), versus $1,199 million in the full year 2019. The year-over-year decline was due to significant disruptions in the commercial aerospace market, driven by COVID-19 and Boeing 737 MAX and 787 production declines, and the commercial transportation market, driven by COVID-19, resulting in unfavorable volume and product mix. The decline was partially offset by growth in the defense aerospace and industrial gas turbine markets, variable and fixed cost reductions, and favorable product pricing.

Howmet Aerospace Executive Chairman and Co-Chief Executive Officer John Plant said, Howmet Aerospace continued to manage effectively through the impact of the COVID-19 pandemic. While fourth quarter 2020 revenues declined 29% year over year, driven by a 51% reduction in commercial aerospace revenues, results surpassed our outlook and included strong cash generation. We generated improved decremental margins, and our fourth quarter 2020 adjusted EBITDA margin of 22.8% was the same as the fourth quarter 2019 despite the 29% revenue decline and unfavorable commercial aerospace mix. We continue to be highly focused on all aspects of operational performance and cash generation as we manage through the effects of COVID-19 and the Boeing build rate reductions on commercial aerospace.

Mr. Plant continued, Turning to 2021, our defense aerospace, commercial transportation, and industrial gas turbine markets continue to be healthy and growing. Commercial aerospace has less visibility, though we expect increased aircraft build as we move into 2022. We are positioning the Company to emerge from the pandemic in a stronger, more profitable position.

Our liquidity position is strong as a result of our strict and disciplined approach to costs and spending. We ended 2020 with approximately $1.6 billion of cash. Our $1 billion revolving credit facility remains undrawn and our next significant debt maturity is not until October 2024.

Howmet Aerospace ended the year with a cash balance of approximately $1.6 billion. For the second quarter 2020 through fourth quarter 2020, cash provided from operations was $217 million; cash used for financing activities was $1.5 billion; and cash provided from investing activities was $260 million. Adjusted Free Cash Flow for the second quarter 2020 through the fourth quarter 2020 was $487 million, inclusive of an approximate $80 million reduction in our accounts receivable securitization program, $70 million impact from voluntary pension contributions, $46 million of cash severance payments, and $45 million tax refund.

On April 1, 2020, Arconic Inc. completed the separation of its business into two independent, publicly-traded companies: Howmet Aerospace Inc. (the new name for Arconic Inc.) and Arconic Corporation. The financial results of Arconic Corporation for all periods prior to April 1, 2020 have been retrospectively reflected in the Statement of Consolidated Operations as discontinued operations and, as such, have been excluded from continuing operations and segment results for all periods prior to April 1, 2020. Additionally, the related assets and liabilities associated with Arconic Corporation in the December 31, 2019 Consolidated Balance Sheet are classified as assets and liabilities of discontinued operations. The cash flows, comprehensive income, and equity related to Arconic Corporation have not been segregated and are included in the Statement of Consolidated Cash Flows, Statement of Consolidated Comprehensive Income, and Statement of Changes in Consolidated Equity, respectively, for all periods prior to April 1, 2020.

Fourth Quarter 2020 Segment Performance

Engine Products

Engine Products reported revenue of $555 million, a decrease of 33% year over year due to declines in the commercial aerospace market driven by COVID-19 and Boeing 737 MAX production declines, partly offset by growth in the defense aerospace and industrial gas turbine markets. Segment operating profit was $108 million, down 31% year over year, driven by volume declines, partially offset by variable and fixed cost reductions and favorable product pricing. Segment operating profit margin increased approximately 70 basis points year over year to 19.5%.

Fastening Systems

Fastening Systems reported revenue of $263 million, a decrease of 30% year over year due to declines in the commercial aerospace and commercial transportation markets, primarily driven by COVID-19 and Boeing 737 MAX and 787 production declines. Segment operating profit was $48 million, down 52% year over year, driven by volume declines and unfavorable product mix, partially offset by variable and fixed cost reductions. Segment operating profit margin decreased approximately 800 basis points year over year to 18.3%.

Engineered Structures

Engineered Structures reported revenue of $217 million, a decrease of 30% year over year due to declines in the commercial aerospace market, driven by COVID-19 and Boeing 787 and 737 MAX production declines, partly offset by growth in defense aerospace. Segment operating profit was $16 million, down 59% year over year, driven by volume declines and unfavorable product mix, partially offset by variable and fixed cost reductions. Segment operating profit margin decreased approximately 510 basis points year over year to 7.4%.

Forged Wheels

Forged Wheels reported revenue of $203 million, a decrease of 6% year over year due to declines in the commercial transportation markets, primarily driven by COVID-19. Segment operating profit was $62 million, up 3% year over year, driven by fixed cost reductions and maximizing production in low-cost countries, partially offset by volume declines. Segment operating profit margin increased approximately 290 basis points year over year to 30.5%.

Full Year 2020 Segment Performance

Segment performance in 2020 included the following:

2021 Outlook*

1Q 21 Outlook

FY 2021 Outlook

Low

Baseline

High

Low

Baseline

High

Revenue

$1.15B

$1.2B

$1.25B

$5.05B

$5.1B

$5.25B

Adj. EBITDA1

$245M

$250M

$265M

$1.07B

$1.1B

$1.15B

Adj. EBITDA Margin1

21.3%

20.8%

21.2%

21.2%

21.6%

21.9%

Adj. Earnings per Share1

$0.15

$0.16

$0.19

$0.75

$0.80

$0.89

Adj. Free Cash Flow

$350M

Excerpt from:

Howmet Aerospace Reports Fourth Quarter 2020 and Full Year 2020 Results - Business Wire

Rocket fuel technology startup Firehawk Aerospace has added $1.2 million to its existing seed financing, bringing the full amount invested in the round to $2.5 million. The new tranche comes from Harlow Capital Management, a Dallas-based firm run by Colby Harlow, who will join Firehawks board of directors as part of the deal.

Firewhawk, which was a finalist in our first-ever all-virtual Startup Battlefield at TC Disrupt last September, has developed a new kind of hybrid rocket fuel that greatly enhances rocket launch safety, cost and transportation using additive manufacturing (basically, the grown-up version of 3D printing). Hybrid rocket fuel (which combines aspects of both liquid and solid propellants used previously) isnt new, but past technology has been unable to compete on cost and efficacy relative to existing nonhybrid alternatives.

The startups Chief Scientist Ron Jones was able to get around these limitations with two new approaches: Using a fuel with a hard polymer structure and producing it using additive manufacturing instead of casting via molds with a liquid that hardens.

Firehawk now intends to use its seed funding to test its technology in operational conditions and at the kind of scale required for commercialization, and to build out its partnerships and client list. The startup also intends to grow its R&D and manufacturing operations in both Texas and Oklahoma.

Read more from the original source:

Firehawk Aerospace extends seed funding to $2.5 million with $1.2 million from Harlow Capital - TechCrunch

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ERP software in Aerospace (Helicopter)

According to a latest report by Big Market Research, theERP software in Aerospace (Helicopter) Market 2020 Industry Segment by growth, Applications, by Type, Regional Outlook, Demand, Share & Revenue by Manufacturers, Company Profiles, Growth Forecasts to 2027.

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1) North America:-(United States, Canada)

2) Europe:-(Germany, France, UK, Italy, Russia, Spain, Netherlands, Switzerland, Belgium)

3) Asia Pacific:-(China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Vietnam)

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Table of Content

1) Market Overview

2) Global ERP software in Aerospace (Helicopter) Competition by Types, Applications, and Top Regions and Countries

3) United States ERP software in Aerospace (Helicopter) Market Analysis

4) Europe ERP software in Aerospace (Helicopter) Market Analysis

5) China ERP software in Aerospace (Helicopter) Market Analysis

6) Japan ERP software in Aerospace (Helicopter) Market Analysis

7) Southeast Asia ERP software in Aerospace (Helicopter) Market Analysis

8) India ERP software in Aerospace (Helicopter) Market Analysis

9) Brazil ERP software in Aerospace (Helicopter) Market Analysis

10) GCC Countries ERP software in Aerospace (Helicopter) Market Analysis

11) Manufacturers Profiles

12) Marketing Strategy Analysis

13) Global ERP software in Aerospace (Helicopter) Market Forecast (2020-2027)

14) Research Conclusions

15) Appendix

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ERP software in Aerospace (Helicopter) Market 2020-2027 with COVID-19 Impact and Recovery Analysis KSU | The Sentinel Newspaper - KSU | The Sentinel...

Kevin W. Martin

Chief Information Officer & Chief Executive Officer, Engines Systems Segment, Cadence Aerospace

Bob Quaglia

Board of Directors, Cadence Aerospace

ANAHEIM, Calif., Dec. 22, 2020 (GLOBE NEWSWIRE) -- Cadence Aerospace, a provider of highly complex aerospace components and assemblies to commercial and defense customers, announces the appointment of Kevin W. Martin as Chief Executive Officer for the Companys Engines Systems Segment, effective January 1, 2021. Mr. Martin also continues in his position as Cadence Chief Information Officer, reporting to Julian Guerra, Chief Executive Officer of Cadence Aerospace and Chief Executive Officer for the Companys Aerostructures Segment. With Centers of Excellence based in the U.S. and Mexico, Cadence Aerospace, backed by Arlington Capital Partners, serves the world's leading manufacturers of aircraft, aerostructures, aeroequipment and other defense platforms.

In his expanded role, Mr. Martin will oversee Engines Systems operations and the profitability of the business segment comprised of three Cadence locationsAero Design & Manufacturing, Inc. in Phoenix, Arizona; B&E Precision Aircraft Components in Southwick, Massachusetts; and Tell Tool in Westfield, Massachusetts. He also will identify new areas for growth and improvement in productivity, efficiency and customer service aligned with the overall Cadence business strategy.

With more than 30 years of industry experience, Mr. Martin joined Cadence Aerospace in January 2019 after having served at Pratt & Whitney (P&W)an American aerospace manufacturer with global service operations and subsidiary of United Technologies Corporation (UTC)for the majority of his distinguished career. Most notably, he served P&W as Associate DirectorMilitary Engines Business Development, leading a team of portfolio managers to drive near- and mid-term Sales and Earnings Before Interest and Tax (EBIT) for the P&W military engines by developing sales strategies to build market share for both OEM and aftermarket products and services. Earlier during his P&W tenure, he served in a number of roles with increasing responsibility, including Program Manager of eBusiness, where he led a team of business managers and IT software developers in designing, developing and delivering P&Ws first employee portal, and developed both short- and long-term plans to use information technology to develop new business opportunities. He also served The Otis Elevator Company, the world's largest manufacturer of vertical transportation systems, as Program Manager for eFulfillment and Business Intelligence during 2004-2008. Mr. Martin holds a Master of Science in eCommerce from Carnegie Mellon University, a Master of Business Administration from Rensselaer Polytechnic Institute, a Bachelor of Science in Aeronautical Engineering as well as a license in Airframe and Powerplant from Parks College of St. Louis University, and a Certificate in Creating Strategic Alliances from the Darden Business School at the University of Virginia. During his career, he has been a member of the Board of Directors for both Taiwan-based Asian Compressor Technology Services Company Limited (ACTS) and Asian Service Technologies in Singapore.

Mr. Martin succeeds the retiring Bob Quaglia, who has served as CEO of the Cadence Engines Systems Segment since March of 2020 and previously as President of the B&E Precision Aircraft Components Center of Excellence. In concert with this transition, the Company has appointed Mr. Quaglia as a member of the Cadence Board of Directors, a position he will assume on January 1, 2021.

As the world eagerly anticipates 2021, Cadence Aerospace remains extremely well positioned in the worldwide aerospace and defense supply chain to provide highly complex, difficult to manufacture components to our customers. Our strategy to maintain operational excellence, remain competitive and continuously improve is underscored by the strength of our team at Cadence and our commitment to serving our stakeholders, said Julian Guerra, Chief Executive Officer of Cadence Aerospace and Chief Executive Officer for the Companys Aerostructures Segment. I am pleased to welcome Kevin Martin to an expanded role at Cadence Aerospace, and we look forward to his contributions as the CEO of our Engines Systems Segment. Kevins extensive industry experience, highlighted by his strong and successful leadership as our CIO and exceptional proficiencies including strategic planning, financial acumen, program management, sales and marketing, engineering design, and customer relationship management are integral complements to our Executive Leadership Team. At the same time, we sincerely thank Bob Quaglia for his dedication, leadership and hard work in positioning Cadence for our next phase of growth and congratulate him on his appointment to our Board of Directors.

With clearly defined products and services, complementary capabilities, positions on programs offering long term growth, and a balanced and global aerospace, commercial and defense portfolio, Cadence Aerospace helps its customers deliver some of the most innovative and cost-efficient aircraft in the world.

Bob Quaglia is a strong addition to the Cadence Aerospace Board of Directors. His keen perspectives will help further shape and develop our business strategies, drive added value for our customers and strengthen our global aerospace foothold, said Peter Manos, Chairman of the Board, Cadence Aerospace. The Cadence Board appreciates the hard work, commitment and efforts of all of the Presidents, General Managers and employees and looks forward to providing continued support as the Company creates competitive advantages for our customers in a post-pandemic marketplace.

About Cadence Aerospace Cadence Aerospace, a portfolio company of Arlington Capital Partners, is a leading aerospace and defense industry supplier committed to achieving success with its business partners through active engagement, aligned manufacturing and sourcing strategies, and industry-leading capabilities. The Companys Centers of Excellence, based in the U.S. and Mexico, produce machined parts, subassemblies, assemblies and repair and overhaul services for the world's leading manufacturers of aircraft, aerostructures, aeroequipment and other defense platforms. With clearly defined products and services, complementary capabilities, positions on programs offering long-term growth, a balanced and global aerospace, commercial and defense portfolio, Cadence Aerospace offers outstanding quality and delivery at cost-competitive prices to aerospace and defense companies globally.

About Arlington Capital Partners Arlington Capital Partners is a Washington, DC-based private equity firm that is currently investing out of Arlington Capital Partners V, L.P., a $1.7 billion fund. The firm has managed approximately $4.0 billion of committed capital via five investment funds. Arlington is focused on middle market investment opportunities in growth industries including aerospace & defense, government services and technology, healthcare, and business services and software. The firms professionals and network have a unique combination of operating and private equity experience that enable Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their companys position as leading competitors in their field.

Media Contacts: Peter Manos pmanos@arlingtoncap.com Bilal Noor bnoor@arlingtoncap.com Arlington Capital Partners 5425 Wisconsin Avenue, Suite 200 Chevy Chase, MD 20815 Phone: +1.202.337.7500

Photosaccompanying this announcement are available athttps://www.globenewswire.com/NewsRoom/AttachmentNg/d8eac46b-2c63-450d-b154-15705874c7a0https://www.globenewswire.com/NewsRoom/AttachmentNg/96fb3747-3aaf-4fbe-ba28-ec5370f74aae

Excerpt from:

Cadence Aerospace Announces New Appointments to Executive Leadership Team and Company's Board of Directors - GlobeNewswire

Check out the Dec. 20 edition of What's Trending in Aerospace, where editors and contributors forAvionics Internationalbring you some of the latest headlines happening across the global aerospace industry.

Boeing 737 MAX cockpit. (Boeing)

U.S. Sen. Roger Wicker, chairman of the Senate Committee on Commerce, Science, and Transportation, released the Committees investigation report on the Federal Aviation Administration (FAA), looking into information about the 737 MAX certification process from multiple "whistleblowers," according to a Dec. 18 press release.

Twenty months ago, the Commerce Committee launched an investigation into FAA safety oversight. We have received disclosures from more than 50 whistleblowers, conducted numerous FAA staff interviews, and reviewed over 15,000 pages of relevant documents, said Wicker. Our findings are troubling. The report details a number of significant examples of lapses in aviation safety oversight and failed leadership in the FAA. It is clear that the agency requires consistent oversight to ensure their work to protect the flying public is executed fully and correctly.

The Committee provided a brief overview of some of the report's findings, including the following:

UPS completed the first flights of COVID-19 vaccines to its global hub in Louisville, Kentucky on Dec. 13. (UPS)

UPS provided air cargo flights for the transportation of the first COVID-19 vaccines to its global hub, Worldport, in Louisville, Kentucky on Dec. 13.

"Capt. Houston Mills, UPS pilot & U.S. Marines veteran, just flew the 1st U.S. COVID-19 vaccines to Worldport, our global Airplane hub in Louisville, KY.Tomorrow, we will deliver the vaccines across the country," Carol Tom, CEO of UPS said in a Dec. 13 tweet.

Pfizer-BioNTech COVID-19 vaccines will originate from storage sites in Michigan and Wisconsin, before being transported to Worldport, where they will be expedited to select destinations, including hospitals, clinics and other medical facilities, according to UPS.

This is the moment of truth weve been waiting for at UPS, said Wes Wheeler, president of UPS Healthcare. We have spent months strategizing with Operation Warp Speed officials and our healthcare customers on efficient vaccine logistics, and the time has arrived to put the plan into action.

Boeing and the University of Arizona put an age-old technique, thermal disinfection, to use in the fight against COVID-19. (Boeing)

Researchers from the University of Arizona have been working with Boeing to demonstrate how the use of thermal disinfection can effectively eliminate the presence of SARS-CoV-2 on aircraft flight deck surfaces.

According to Boeing, the flight deck is one of the most challenging areas to sanitize using traditional chemical disinfectants. This is especially true in areas with sensitive electronic equipment. Boeing's flight decks are designed to withstand temperatures up to 160 degrees Fahrenheit (about 70 degrees Celsius), making thermal disinfection an optimal sanitization method.

"We're basically cooking the virus," Dr. Charles Gerba, University of Arizona microbiologist and infectious disease expert, said in a Dec. 15 press release. "Thermal disinfection is one of the oldest ways to kill disease-causing micro-organisms. It's used by microbiologists in our laboratory every day."

Boeing completed the testing as part of its Confident Travel Initiative (CTI) to enhance the well-being of passengers and crews during the COVID-19 pandemic. This testing was conducted in a protected laboratory environment at the university using flight deck parts and SARS-CoV-2, the virus that causes COVID-19, this fall.

"Passenger and crew safety are our top priorities that extends from the cabin to the flight deck," said Michael Delaney, who leads Boeing's Confident Travel Initiative (CTI) efforts. "Thermal disinfection could deliver another valuable tool to destroy COVID-19 on sensitive and difficult-to-reach components that protect pilots."

Check out video footage from the research initiative here.

The first EASA-certified Gulfstream G600 has been delivered to an undisclosed operator in Europe. (Gulfstream)

Gulfstream Aerospace Corp. in a Dec. 16 press release announced delivery of the first G600 certified by the European Union Aviation Safety Agency (EASA) to an undisclosed operator based in Europe.

We are glad our customers in Europe can now register their G600 on the continent and easily experience the advanced technology and cabin comfort of the aircraft, said Mark Burns, president, Gulfstream. Pilots have told us the Symmetry Flight Deck is a joy to fly, and customers are reaping the benefits of the award-winning Gulfstream cabin, with its advanced ergonomics, flexibility and health benefits. With the latest range increasethe third for the G600customers in Europe.

After a recently announced range boost, the G600 can now travel 6,600 nautical miles/12,223 kilometers at its long-range cruise of Mach 0.85 and 5,600 nm/10,371 km at its high-speed cruise of Mach 0.90.

Embraer completed its first Praetor 500 conversion in Europe. (Embraer)

Embraer announced the completion of the first European conversion of a Legacy 450 to a Praetor 500 for an undisclosed customer. The conversion was performed at the Embraer Executive Jets Service Center at Le Bourget International Airport, in Paris, France.

These conversions are only made possible by the expertise of structures and avionics specialists, mechanics, logistics teams, and engineers from Embraer operations around the globe, said Johann Bordais, President & CEO, Embraer Service & Support. Per Embraers strategy for the future, we are consistently investing in and expanding our portfolio, focused on offering our customers the industrys best services and support.

The full process to convert a Legacy 450 (2,900 nautical miles range) into a Praetor 500 (3,340 nautical miles range) requires replacement of the level-sensing wiring in the fuel tanks, moving the over-wing gravity fueling ports and re-location of the fuel-measurement system, according to Embraer. There were also adjustments made to the flight control systems, including a new avionics load for the aircraft's Pro Line Fusion flight deck.

Members of the AGM-183A Air-launched Rapid Response Weapon Instrumented Measurement Vehicle 2 test team make final preparations prior to a captive-carry test flight of the prototype hypersonic weapon at Edwards AFB, Calif. on Aug. 8 (U.S. Air Force.).

The U.S. Air Force plans to hold a flight demonstration of the AGM-183 Air-Launched Rapid Response Weapon (ARRW) by Lockheed Martin this month.

Were hoping that our flight demonstrator for our hypersonic weapon will be successful this month and that well get into production next year, Air Force Acquisition Chief Will Roper told the Air Force Association Doolittle Forum on Dec. 15.

If that happens, ARRW would become the U.S. first fielded hypersonic weapon. Roper said on Dec. 15 that, while the Air Force is looking to lure commercial companies, including start-ups, to provide advanced technologies for military use, the service has not turned its back on traditional defense firms.

Check out the full story as first published in Defense Daily, a sister publication to Avionics International.

Romanian Air Force Tap Elbit Systems for IAR-99 Upgrade

Avioane Craiova S.A., a Romanian company, awarded a four year $27 million contract to Elbit Systems for an upgrade of the Romanian Air Forces (RoAF) IAR-99 Standard trainer aircraft, according to a Dec. 14 press release. The upgrade will help transition RoAF pilots to advanced fighter aircraft like the F-16.

The contract will equip the IAR-99 Standard aircraft with advanced avionics systems, close air support, and air to air capabilities, according to the release. Elbit Systems will also be providing integrated logistic support.

We are honored to provide continued support for the RoAF, Yoram Shmuely, General Manager of Elbit Systems Aerospace, said in a press statement. This upgrade program follows a range of technologies delivered by Elbit Systems to the RoAF in collaboration with Romanian companies, including large scale upgrades for various fixed-wing aircraft as well as the supply of advanced capabilities for rotary-wing aircraft.

The United Kingdom is creating its first commercial drone corridor in open and unrestricted airspace, Project XCelerate, and has selected BT and Altitude Angel along with other tech start-ups to deliver use cases and technology for the project, according to a Dec. 15 press release.

As drone numbers continue to rise, there is an urgent need to safely integrate commercial drones into global airspace alongside manned aviation, Gerry McQuade, CEO of BTs Enterprise unit, said in a press statement. In showing how drones can deliver improved, potentially life-saving services to the public, were aiming to accelerate the adoption of fully automated drones in unrestricted UK airspace in a safe and responsible way.

Project XCelerate will begin in the summer of 2021 with flight trials with manned aviation along the 8km-long corridor located south of Reading, Berkshire, according to the release. The use cases demonstrated in the project will include industries like healthcare, emergency services, and infrastructure.

Project XCelerate is bringing together experts and world leaders in their respective fields, something were very proud and excited to be a part of, Richard Parker, Altitude Angel CEO and founder, said in a press statement. Our Arrow technology is truly ground-breaking and the key enabler to the project and were pleased to be deploying it for maximum benefit in the UK first.

Dronecloud, HeroTech8, Skyports, Angola, DkyBound Rescuer and DroneStream will also participate in the consortium, according to the release.

SpaceShipTwo Unity takes off for latest Dec. 12 test flight from New Mexico. (Virgin Galactic)

A Dec. 12 Virgin Galactic test flight failed to reach space after their SpaceShipTwo spacecraft's rocket motor experienced ignition problems, the company said in a Dec. 14 press release.

During the test flight, the rocket motor did not fire due to the ignition sequence not completing. Following this event, the pilots conducted a safe landing and return to Spaceport America, New Mexico as planned.

"The flight did not reach space as we had been planning. After being released from its mothership, the spaceships onboard computer that monitors the rocket motor lost connection. As designed, this triggered a fail-safe scenario that intentionally halted ignition of the rocket motor. Following this occurrence, our pilots flew back to Spaceport America and landed gracefully as usual," Virgin Galactic CEO Michael Colglazier said in a statement following the flight.

Colglazier said the team is now focused on continuing the fight testing program, with a repeat of the Dec. 12 flight, followed by another test flight that will include mission specialists as passengers. The company's founder, Sir Richard Branson, will participate in a test flight next year following the flight featuring mission specialists.

"We look forward to sharing information on our next flight window in the near future," Colglazier said.

Check out images and B-roll from Virgin Galactic's latest test flight here.

Volocopter 2x flying at Helsinki international airport. Photo: Volocopter

ADAC Luftrettung has invested in two VoloCity electric vertical take-off and landing (eVTOL) aircraft following the results of a feasibility study about multicopter use in rescue services, according to a Dec. 15 press release from Volocopter, the company that makes the aircraft. ADAC Luftretung will begin operations tests with the aircraft in 2023.

"After the groundbreaking results of our feasibility study, we are expanding our technological lead with regards to integrating multicopters in rescue services. Volocopter is the only eVTOL on the market that is advanced enough to reliably plan a test program with for our purposes, Frdric Bruder, Managing Director of the non-profit ADAC Luftrettung, said in a press statement. We are excited to have secured our right to receive amongst the first VoloCity multicopters upon receival of type certificate.

The operation tests by ADAC Luftrettung will be the first eVTOL test for emergency services, according to the release. Volocopter plans to launch its air taxi services as early as the next two years.

Our partnership with ADAC Luftrettung, Europes largest helicopter operator, clearly demonstrates the potential Volocopter multicopter technology brings across all areas of mobility in this case as a new means to get medical help to more people, faster, Florian Reuter, CEO of Volocopter, said in a press statement. By reserving their first two VoloCitys, ADAC Luftrettung are making a clear statement of confidence about our readiness to deliver and in our multicopter technology.

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What's Trending in Aerospace - December 20, 2020 - Aviation Today

TipRanks

The coronavirus pandemic crisis shows no signs of abating, even with a vaccine coming on to the markets. Were still facing severe social lockdown policies, with a number of states (such as California, Minnesota, and Michigan) forcing even harsher restrictions on this round than previously.Its a heavy blow for the leisure industry that is still reeling from one of the most difficult years in memory. The difficulties faced by restaurants are getting more press, but for the cruise industry, corona has been a perfect storm.Prior to the pandemic, the cruise industry which had been doing $150 billion worth of business annually was expected to carry 32 million passengers in 2020. Thats all gone now. During the summer, the industry reeled when over 3,000 COVID cases were linked to 123 separate cruise ships, and resulted in 34 deaths. After such a difficult year, its useful to step back and take a snapshot of the industrys condition. JPMorgan analyst Brandt Montour has done just that, in a comprehensive review of the cruise industry generally and three cruise line giants in particular."We believe cruise shares can continue to grind higher in the near term, driven overwhelmingly by the broader vaccine backdrop/progress. Looking out further, operators will face plenty of headwinds when restarting/ramping operations in 2Q3Q21, but significant sequential improvement of revenues/cash flows over that period will likely dominate the narrative, and we believe investors will continue to look through short-term setbacks to a 2022 characterized by fully ramped capacity, near-full occupancies, and so far manageable pricing pressure," Montour opined.Against this backdrop, Montour has picked out two stocks that are worth the risk, and one that investors should avoid for now. Using TipRanks Stock Comparison tool, we lined up the three alongside each other to get the lowdown on what the near-term holds for these cruise line players.Royal Caribbean (RCL)The second-largest cruise line, Royal Caribbean, remains a top pick for Montour and his firm. The company has put its resources into facing and meeting the pandemics challenges, shoring up liquidity and both streamlining and modernizing the fleet.Maintaining liquidity has been the most pressing issue. While the company has resumed some cruising, and has even taken delivery of a new ship, the Silver Moon, most operations remain suspended. For Q3, the company reported adjusted earnings of -$5.62, below consensus of -$5.17. Management estimates the cash burn to be between $250 million and $290 million monthly. To combat that, RCL reported having $3.7 billion in liquidity at the end of September. That included $3 billion in cash on hand along with $700 million available through a credit facility. Total liquidity at the end of Q3 was down more than 9% from the end of Q2. Since the third quarter ended, RCL has added over $1 billion to its cash position, through an issue of $500 million senior notes and a sale of stock, putting an additional 8.33 million shares on the market at $60 each.In his note on Royal Caribbean, Montour writes, [We] are most constructive on OW-rated RCL, which we believe has the most compelling set of demand drivers... its extensive investments in premium priced new hardware, as well as consumer data, all set RCL up well to outgrow the industry in revenue metrics, margins, and ROIC over the longer term.Montour backs his Overweight (i.e. Buy) rating with a $91 price target. This figure represents a 30% upside potential for 2021. (To watch Montours track record, click here)Is the rest of the Street in agreement? As it turns out, the analyst consensus is more of a mixed bag. 4 Buy ratings and 6 Holds give RCL a Moderate Buy status. Meanwhile, the stock is selling for $69.58 per share, slightly above the $68.22 average price target. (See RCL stock analysis on TipRanks)Norwegian Cruise Line (NCLH)With a market cap of $7.45 billion and a fleet of 28 ships, Norwegian Cruise Line found its relatively smaller size as an advantage in this pandemic time. With a smaller and newer fleet, overhead costs, especially ship maintenance, were lower. These advantages dont mean that the company has avoided the storm. Earlier this month, Norwegian announced a prolongation of its suspension of voyages policy, covering all scheduled voyages from January 1, 2021 through February 28, 2021, plus selected voyages in March 2021. These cancellations come as Norwegians revenues are down in the third quarter, the top line was just $6.5 million, compared to $1.9 billion in the year-ago quarter. The company also reported a cash burn of $150 million per month.To combat the cash burn and minimal revenues, Norwegian, in November and December, took steps to improve liquidity. The company closed on $850 million in senior notes, at 5.875% and due in 2026, during November, and earlier this month closed an offering of common stock. The stock offering totaled 40 million shares at $20.80 per share. Together, the two offerings raised over $1.6 billion in new capital.On a more positive note, Norwegian is preparing for an eventual resumption of full services. The company announced, on Dec 7, a partnership with AtmosAir Solutions for the installation of air purification systems on all 28 vessels of its current fleet, using filtration technology known to defeat the coronavirus.JPMs Montour points out these advantages in his review of Norwegian, and sums up the bottom line: This coupled with a relatively newer, higher-end, brand/ship footprint would generally lead us to believe it was in a good position to outperform on pricing growth, though its demographics skewing to older age customers probably will remain a drag through 2021. Ultimately, NCLH is a high-quality asset within the broader cruise industry, with a higher beta to a cruise recovery, and it should see outperformance as the industry returns and investors look further out the risk spectrum.Montour gives the stock a $30 price target and an Overweight (i.e. Buy) rating. His target implies an upside of 27% on the one-year time frame.Norwegian is another cruise line with a Moderate Buy from the analyst consensus. This rating is based on 4 Buys, 4 Holds, and 1 Sell set in recent months. Like RCL above, the stock price here, $23.55, is currently higher than the average price target, $23.22. (See NCLH stock analysis on TipRanks)Carnival Corporation (CCL)Last up, Carnival, is the worlds largest cruise line, with a market cap of $23.25 billion, more than 100 ships across its brands, and over 700 destination ports. In normal times, this giant footprint gave the company an advantage; now, however, it has become an expensive liability. This is clear from the companys fiscal Q3 cash burn, which approached $770 million.Like the other big cruise companies, Carnival has extended its voyage cancellations, or, in the companys terms, the pause in operations. The Cunard line, one of Carnivals brands, has cancelled voyages on the Queen Mary 2 and the Queen Elizabeth through early June of next year. Carnival has also cancelled operations in February from the ports of Miami, Galveston, and Port Canaveral, and pushed back the inaugural voyage of the new ship Mardi Gras to the end of April 2021. These measures were taken in compliance with coronavirus restrictions.Carnivals shares and revenues are suffering deep losses this year. The stock is down 60% year-to-date, despite some recent price rallies since the end of October. Revenues fell to just $31 million in the fiscal third quarter, reported in September. Carnival reported a loss of nearly $3 billion in that quarter. The company did end the third quarter with over $8 billion in available cash, an impressive resource to face the difficult situation.This combination of strength and weakness led Montour to put a Neutral (i.e. Hold) rating on CCL shares. However, his $25 price target suggests a possible upside of 23%.In comments on Carnival, Montour wrote, [We] believe that some of the same relative net yield drags it saw in 2018-2019 due to its sheer size will likely become top of mind on the other side of this crisis However, given CCLs relative share discount, less pricing growth ahead of the crisis, and geographical diversification, we see it as the company with the least downside over the next few months and are not surprised by its recent outperformance. We believe this will reverse in the 2H21. Overall, Carnival has a Hold rating from the analyst consensus. This rating is based on 10 reviews, breaking down to 1 Buy, 8 Holds, and 1 Sell. The stock is selling for $20.28 and its $18.86 average price target implies a downside potential of ~7%. (See CCL stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that unites all of TipRanks equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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The Global Semiconductor Market in Military and Aerospace Market is expected to grow by $ 631.97 mn during 2020-2024 progressing at a CAGR of 2%...

Level Plains, Ala. (WDHN)Recently appointed Level Plains Police Chief Johnny Boy Summers and his department helped makeChristmas for children, who normally would not receive a toy under the tree.

They visited one of the citys largest mobile home parks to hand out toys to the kids.For nearly a month, Level Plains Police along with Ft. Rucker civilian union members of the Local Lodge 2003The International Association of Machinists and Aerospace Workers held a toy collection.Since taking over as chief earlier this fall, Chief Johnny Boy Summers mission is community policingletting residents know the police are here to help.

Chief Johnny Boy Summers sayswere here at Holiday Village. This is a high-volume crime area and we wanted to give back instead of taking it away. A situation where a lot of these kids wouldnt have Christmas if wasnt for us giving back to thecommunity.

Chief Summers and his officers were joined by the union members from Ft. Ruckerto provide a gift for kids that normally wouldnt receive a gift under the tree.

Anthony Holton is President of the union Local Lodge 2003. He saysYou know with the covid and everything, times have been tough. Level Plains wanted to know if we wanted topartner up and everything and man it was overwhelming. Everyone wanted to be part of this.

Chief Summers says the Christmas toy giveaway was such a success, he plans to make it bigger and bettereven next year.

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Level Plains Police and International Association of Machinists and Aerospace Workers help underprivileged kids this Christmas - WDHN -...

Ageagle Aerial Systems Inc (UAVS) is near the top in its industry group according to InvestorsObserver. UAVS gets an overall rating of 56. That means it scores higher than 56 percent of stocks. Ageagle Aerial Systems Inc gets a 90 rank in the Aerospace & Defense industry. Aerospace & Defense is number 123 out of 148 industries.

Searching for the best stocks to invest in can be difficult. There are thousands of options and it can be confusing on what actually constitutes a great value. Investors Observer allows you to choose from eight unique metrics to view the top industries and the best performing stocks in that industry. A score of 56 would rank higher than 56 percent of all stocks.

These rankings allows you to easily compare stocks and view what the strengths and weaknesses are of a given company. This lets you find the stocks with the best short and long term growth prospects in a matter of seconds. The combined score incorporates technical and fundamental analysis in order to give a comprehensive overview of a stocks performance. Investors who then want to focus on analysts rankings or valuations are able to see the separate scores for each section.

Ageagle Aerial Systems Inc (UAVS) stock is trading at $6.40 as of 10:18 AM on Tuesday, Dec 22, a gain of $1.20, or 23.08% from the previous closing price of $5.20. The stock has traded between $6.10 and $7.30 so far today. Volume today is more active than usual. So far 22,766,602 shares have traded compared to average volume of 5,140,935 shares.

Click Here to get the full Stock Score Report on Ageagle Aerial Systems Inc (UAVS) Stock.

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Is Ageagle Aerial Systems Inc (UAVS) the Top Pick in the Aerospace & Defense Industry? - InvestorsObserver

The Aerospace Landing Gear marketplace provides an in-depth overview 2020

The Global Market Study Aerospace Landing Gear market uses data from authorized primary and secondary data sources, such as directories, journals and other related databases, to classify and gather data relevant to a technical study, oriented too the market and a study of the world Aerospace Landing Gear market. However, the analysts who wrote this report has provided top to down information on key market growth drivers, threats, challenges, recent trends and patterns to offer a comprehensive analysis of the global Aerospace Landing Gear market.

The Leading competitors covered in this report:

UTCAerospaceSystems, AARCorp, SafranLandingSystem, CIRCORAerospace, MagellanAerospace, Heroux-Devtek, LiebherrGroup, GKNAerospaceServices, TriumphGroup, SPPCanadaAircraft, WhippanyActuationSystem, AerospaceTurbineRotables, EatonCorporation

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The prominent players are set up to strategize the dominant marketing activities so that they can transform them favorably in the current market. The report outlines what is happening and how the current dynamic market is unfolding and the component that contribute to it. Furthermore, the report also looks at upstream raw materials, downstream demand, and production value of the main players subject to market growth.

Impact of COVID-19:

Based on the type of product, the global Aerospace Landing Gear market segmented intoMainLandingGearNose/TailLandingGear

Based on the end-use, the global Aerospace Landing Gear market classified intoCommericalRegionJetBusinessJetHelicopterMiltaryAircraft

Based on geography, the global Aerospace Landing Gear market segmented intoNorth America [U.S., Canada, Mexico]Europe [Germany, UK, France, Italy, Rest of Europe]Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]South America [Brazil, Argentina, Rest of Latin America]Middle East & Africa [GCC, North Africa, South Africa, Rest of Middle East and Africa]

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The estimated time frame for the market size of the Aerospace Landing Gear is as follows:

Market Segmentation:

The global Aerospace Landing Gear market is segmented as follows:

The analysts who prepare the report provide an appropriate assessment for each of the above-mentioned segments. The study on these segments is based on the market share, revenue, regional growth, cost along with revenue analysis, and other critical factors. The segmented study distinguishes the high development aspects of the global market Aerospace Landing Gear and provides a clear picture of how the market can develop over the projection period.

Primary Objectives of Aerospace Landing Gear market Report:

Key questions answered in this report:

To summarize, the report presents key regions, the competitive regions in line with demand and supply analysis, market development rate in parallel with future analysis for the forecast years. The report considers BCG, SWOT as well as PESTLE to break the profitability of the market and the rate of development. The report provides assistance for the investors to speculate areas & analyze risk options.

About Us:We, Regal Intelligence, aim to change the dynamics of market research backed by quality data. Our analysts validate data with exclusive qualitative and analytics driven intelligence. We meticulously plan our research process and execute in order to explore the potential market for getting insightful details. Our prime focus is to provide reliable data based on public surveys using data analytics techniques. If you have come here, you might be interested in highly reliable data driven market insights for your product/service,reach us here 24/7.

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Aerospace Landing Gear Market to Witness High Demand During 2020-2026 with Top Key Players: UTC Aerospace Systems, AAR Corp, Safran Landing System,...

TheGlobal Aerospace Materials MarketStudy contains data that has been precisely analyzed in depth on the different models and factors influencing the industrial expansion of the Aerospace Materials market.Aerospace materials are manufactured and designed to serve aerospace purposes. The materials are designed to withstand high pressures and temperatures, stress resistance, chemical resistance, durability and are also required to be lightweight. The most popular aerospace material is aluminum and has been used since the first plane was built by Wright Brothers. These materials, due to their high performance are also used in other industries and are advertised to emphasize their high performance characteristics.

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Revenue and cost profit analysis of major player dominating the Aerospace Materials market Toray Industries, Inc., Alcoa Corporation, Solvay Group, Du Pont, Teijin Limited, ATI Metals, and Constellium N.V.

Aerospace MaterialsMarket Taxonomy

On basis of Material

Aluminum is the most widely used material. Its light weight, high strength and high corrosion resistance properties make it a preferred choice over other alternatives such as steel which is heavier. Advanced steel alloys are used in production of gas turbine engines, landing equipment and other aero-structures. Titanium is used in jet engine parts due to its low density, high strength and corrosion resistance. Super Alloys and Composite Materials are gradually entering the market but require more R&D before being employed on a large scale.

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Key questions answered in the report:

You can also request for the customizations in Aerospace Materials research report according to your requirements.

The report also covers a chronicled data of progressions and remedies inside the methodology examination of the Global Aerospace Materials Market with a particular ultimate objective to tell the use of frontline inspiration for Sustainable Development.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Aerospace Materials market recent developments, emerging technologies and industry forecast to 2027 - Factory Gate

Today, the Non-Executive of FLYHT Aerospace Solutions (FLYLF), John W Olcott, bought shares of FLYLF for $19.57K.

This recent transaction increases John W Olcotts holding in the company by 45% to a total of $61.37K. In addition to John W Olcott, 2 other FLYLF executives reported Buy trades in the last month.

See todays analyst top recommended stocks >>

Currently, FLYHT Aerospace Solutions has an average volume of 44.25K. The company has a one-year high of $1.44 and a one-year low of $0.30.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsiders proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

FLYHT Aerospace Solutions Ltd. engages in the provision of iridium satellite communications. Its products include flight tracking, flight data recorder streaming, fuel management, health monitoring, and iridium satellite communication. It also offers aircraft and enterprise-based solutions to deliver real-time, flight-deck, satellite connectivity for tracking, health monitoring; and streaming of operational, maintenance, and weather data. The company was founded on September 17, 1998 and is headquartered in Calgary, Canada.

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The Non-Executive of FLYHT Aerospace Solutions (FLYLF) is Buying Shares - Smarter Analyst