The unnamed suitors are proposing to purchase the two companies—Piaggio Aviation and Piaggio Aero Industries—which form Villanova d’Albenga-based Piaggio Aerospace.

Rolls-Royce has been selected to provide the electrical propulsion system for Vertical Aerospace’s gull-wing VA-X4 urban air mobility aircraft. 

Olivier Dassault was the son of the late Serge Dassault and grandson of Marcel Dassault, who founded the French aviation firm before World War II. 

Boom Supersonic has secured a strategic investment from the venture capital arm of American Express which will support development of the Denver, Colorado-based aerospace company’s Mach 2-plus 88-seat Overture airliner project.

Kelly Ortberg’s quiet departure from the executive ranks of Raytheon Technologies was a jolt to some veterans in the aerospace business community, where he has long been regarded as an exceptional talent in the prime of his career. 

Startup Venus Aerospace plans to proceed with the development, testing and production of a small hypersonic aircraft capable of  transporting a dozen passengers or time-critical payloads between major continental destinations in an hour.

Similar to the electric flying car-focused Agility Prime program, the purpose of Vector Prime is to establish a vehicle for the Air Force to support commercial companies working on supersonic and hypersonic transports. 

Kelly Ortberg, the former head of Collins Aerospace who was a key leader in the supplier’s melt-up into Raytheon Technologies, has left its executive ranks, company representatives confirmed.