Aerospace Tech Review’s Post

🚁✨ Honeywell's Advanced Air Mobility Milestone: A $10 Billion Journey to the Skies ✨🚁 Exciting news from the aerospace frontier! Honeywell's Advanced Air Mobility (AAM) business unit has soared to new heights, securing contracts worth over $10 billion in just over three years since its formation. As someone involved in advising clients in the aerospace sector on joint ventures and partnerships, I find this development particularly noteworthy. A couple of thoughts... 🤝 Building Strategic Alliances: In the dynamic landscape of AAM, Honeywell has strategically partnered with industry leaders such as Archer Aviation, Lilium, Pipistrel, Supernal, and Vertical Aerospace. These partnerships are not just transactions; they're key collaborations driving the AAM market forward. 🚀 Entrepreneurial Vision: Acting entrepreneurially and thinking differently, Honeywell's AAM unit has grown to over 50 people, establishing strong relationships, announcing awards, and rapidly maturing programs. The foresight to dive into the AAM industry at the start of 2020 has certainly paid off, allowing them to understand the language of startups and contribute significantly to the sector's growth. #AdvancedAirMobility #AerospaceInnovation #Partnerships #FutureOfFlight

Before we get head over heels into 2024 it is time to review our successes of 2023. Over the next few days we will discuss key events in strategy, innovation, production and flight. #newspace #success #madeingermany

Check out these highlights from our Investor Day!

Meet Amygda AI at Aerospace Tech Week on 17-18 April in Munich! Find out how AI and Generative AI can transform your Aerospace operations.

Aerospace TechWeek Europe is around the corner and of course we will be part of it (Come find us at booth S8)! ✈ Quality Control holds paramount importance in the Aerospace industry, making it a significant challenge to automate. Fear factors like model drift and inconsistent results render the adoption of tools like AI and Computer Vision a slow and tedious process. We understand the critical need for the reliability and repeatability of systems, which is why we ensure no system is deployed without going through mutually agreed validation studies. While our systems are capable of self-improving over time, we also offer "lockdown" options for our platform, enabling you to maintain 100% repeatability and consistency. Upgrades and updates are thoroughly tested and mutually validated before adoption. Discover our Spectron QCaaS Platform, providing automated quality control while minimizing waste, maximizing yield, and significantly enhancing your return on investment. Come and chat with us to see how we can enhance your QC processes and propel your business forward with our cutting-edge technology. #AerospaceXelerated #AerospaceTechWeek #Innovation #MunichEvents #AIIntegration #SmartManufacturing

Boeing Touts Safety Improvements at Global Air Expo As the annual Farnborough Airshow opens, Boeing's chief of commercial aircraft says the company has undertaken "transformational change" in its Seattle factory. Read more here: https://lnkd.in/dpeDEAbx . . Like 💝 Comment below ⏬ Share ✅ For More Such Updates Follow Us @qnewshub @qnewscrunch . . #qnewshub #qnewscrunch #StartupFunding

🌌🚗 How Can Satellite Tech Revolutionize the Car Industry? Joram Voelklein, Co-Founder of Alpine Space Ventures, sat down with Marcus M. Weber, Global Head of Automotive at Kearney, to discuss the transformative potential of satellite technology in the automotive sector. The conversation touches space activities in the US and Asia and how the European automotive industry can harness its advantages to keep up with global competition. 🔗 Curious to see how satellite networks could shape the future of your car? Click here to read the full interview (in German): https://lnkd.in/enAn6EQp #SpaceTech #DeepTech #Automotive #Venture

✈️💡 #Startups and #SMEs–the skies are calling! The Aerospace Open Innovation Challenge (AOIC) is beckoning, offering a unique opportunity to shape the future of aerospace in #Singapore with your groundbreaking ideas. Jointly organised by Enterprise Singapore and JTC Corporation, the AOIC invites startups and SMEs to collaborate with aerospace industry leaders to pilot solutions for validated industry needs. This challenge opens the runway for these enterprises to revolutionise aerospace through their innovations in #sustainability, #productivity, and #digitalisation. With over S$500,000 in grants and funding, this challenge rewards innovators generously. Winning proposals unlock invaluable resources—ranging from #mentorship and state-of-the-art facilities to co-development opportunities. Watch your solutions soar onto the global stage! 🪽 🌐 Open to startups and SMEs worldwide, this challenge transcends geographical boundaries. Beyond prizes, it offers access to mentorship, #grant opportunities, and exposure through marketing features to elevate your #business. Explore the AOIC and enter the challenge here: https://lnkd.in/gf5MsUM3 Don't let this opportunity slip away! Explore the challenge to align your solutions with industry needs. Book a complimentary 1-to-1 business advisory session here: https://lnkd.in/g_5tassX and let SME Centre@SMF (Singapore Manufacturing Federation) support your business as it takes innovation to the next level. 🪜📶 #sme #smallbusiness #smesupport #support #businessgrowth #sgbusiness #growth #businessadvisory #consulting #businessstrategy #funding #AOIC2024 #aviation #adaptability #technology #techInnovation #collaboration #futureofaerospace #openinnovation #transformation #digitalization

There is no doubt that many businesses struggle and find themselves in hard financial times for many different reasons. Small businesses are more prone to becoming insolvent but it happens to larger organisations as well, as can be seen in the recent news that Virgin Orbit Holdings have recently filed for bankruptcy under Chapter 11. The business was originally founded by the billionaire Richard Branson and filed for bankruptcy given they were unable to secure any kind of long-term funding after a launch in January proved unsuccessful. The filing is sudden, given it comes only two years after Virgin Orbit originally went public. It was previously valued at $3 billion but this valuation went down massively following the failed launch at the beginning of 2023. Learn More - https://lnkd.in/gh_qjwzi #SimpleLiquidation

UK-based Vertical Aerospace (VA) has rebounded with renewed vigor after a challenging period, securing new funding and reinvigorating its positive outlook. In a recent announcement alongside the release of their 2023 annual financial report, VA outlined several key developments: - The completion of the second, more advanced full-scale VX4 prototype is imminent, with final assembly expected to conclude soon. This milestone paves the way for the commencement of flight testing ahead of public demonstrations at prestigious events like Farnborough and Heathrow. - The latest VX4 prototype incorporates over 60 percent components from aerospace technology partners, alongside Vertical’s second-generation propellers and proprietary battery packs, showcasing technological advancements. - Despite significant investment, VA maintains a disciplined approach to spend management, with FY23 net cash used in operating activities totaling UKP74.7 million (USD92.9 million). Founder and CEO, Stephen Fitzpatrick, expressed confidence in VA's eVTOL aircraft, team, and technology, highlighting the upcoming unveiling of the next-generation VX4 prototype. Fitzpatrick emphasized that this iteration boasts 70 percent new components, including advanced propellers and proprietary battery technology, promising increased speed and reduced noise levels. VA's shareholder letter also reflects on the company's achievements in 2023: - VA stands out as one of the few eVTOL developers to have successfully built and flown a full-scale vectored-thrust electric aircraft. - The company actively engages with five regulators for certification efforts, showcasing its commitment to regulatory compliance. - VA obtained the first-ever Design Organisation Approval (DOA) from the Civil Aviation Authority for a listed eVTOL manufacturer, highlighting its regulatory milestones. - The establishment of a cutting-edge battery facility in Bristol underscores VA's commitment to technological innovation. - VA's order book has surged to over USD6 billion, reflecting confidence in the company's future prospects. Shareholders can request a hard copy of the Annual Report containing audited financial statements by contacting investors@vertical-aerospace.com or mailing Vertical Aerospace Ltd., Unit 1 Camwal Court, Chapel Street, Bristol BS2 0UW, UK. Stay updated on VA's progress and achievements by reading the full article on our blog. #avfoilnews #evtol #advancedairmobility #aviationtechnology #innovation #regulatorycompliance #investment #futureofflight