Aerospace

Archer Aviation and Joby Aviation both aim to start electric air taxi services in 2025.

Our roundup of the main aerospace and defense stories making the news this week.

AEROMED GROUP acquired AEROSPACE PRODUCTS INTERNATIONAL (API), TN (chemicals and MRO consumables).

GILAT agreed to acquire STELLAR BLU SOLUTIONS, TX (inflight connectivity) from Fortress; Houlihan Lokey arranged.

BOEING has reportedly offered to acquire SPIRIT AEROSYSTEMS in (mostly stock-for-stock) deal valued at $4.08b, according to Bloomberg News; transaction would represent 6% premium over Sprit's stock closing price on June 24.

FACC equipped the 2,000th Airbus aircraft with Sharklets.

HEART AEROSPACE signed collaboration agreement with Region Gotland to provide sustainable aviation for island.

Chris Boyer to President of Aerospace Products International (API), Memphis, TN.

Amazon executives formally opened the company’s Project Kuiper internet satellite factory on June 27.

Timothy Eyre, Monte’s COO, discussed the company’s vision for AAM leasing and shined some light on how Monte is approaching this new business line.

Boeing is pointing to factory floor changes as keys to tracking metrics that, for now, are more relevant than familiar measuring sticks like production rates.

Despite strong demand for new commercial aircraft, supply chain woes are forcing Airbus to delay rate targets and may make it sell parts of the space business.

The scheduled July 9 launch kicks off a new era in European space operations.

NASA is leading the coalition into the new age of exploration.

LANZAJET secured investment from MUFG as part of $100m growth equity funding round, that includes Southwest, Microsoft and Groupe ADP, for developing SAF.

Starfish Space is to extend the life of an aging Intelsat communications satellite in geostationary orbit using its Otter servicing spacecraft starting in 2026.

THALES was selected by Lufthansa Technik to provide SIGINT audio/radio com system for Germany's Pegasus program.

EURA was formed by Safran and MTU Aero Engines to develop new engine for next-gen European military helicopters.

LILIUM, Germany successfully completed first series of test of its electric jet propulsion unit for the Lilium Jet.

The investment from MOU Switch, for an undisclosed sum, is Regent’s third major investment from a Japanese entity.

The move is part of preparations for the first flight of the Miura 5 rocket, planned for late 2025.

The Russian government has canceled the country’s major air show MAKS 2024.

The UK’s potential market for urban air mobility and regional air mobility is huge, according to a new analysis.

Liquid hydrogen (LH2) may be the promised panacea for aviation’s journey to net-zero, but getting there is going to be tough—particularly for the engine-makers.

Will Bombardier’s military work help it evolve into a stronger competitor?