Five people were killed and two others injured following an explosion and fire at a Hanwha Aerospace facility in Daejeon, South Korea, on the morning of June 1.
Draco Aircraft is looking to secure a third investor that should give it sufficient capital to launch a development and certification program of its Wilga PZL-104-based platform.
Danish defense company Terma says it is adding shifts and production capacity as it enjoys a boom in order intake and forecasts 20% to 25% sales growth.
Quantum computers could outperform classical processors as soon as 2027 for certain defense logistics applications, quantum software developer Q-CTRL says.
Israel Aerospace Industries said it has secured a $1 billion deal from its home customer for air defense equipment as it reported record order backlog.
Saab is introducing an upgraded version of its Bolide air defense interceptor, with a larger warhead, enhanced terminal performance and upgrade opportunities.
The most consequential of all anticipated aerospace and defense IPOs is that of SpaceX, which will undoubtedly elevate the prospects of other aerospace IPOs.
Leonardo’s departing CEO expects the new management team to largely stay the course even if some adjustments to plans may take place, Robert Cingolani said on his last day on the job.
Kongsberg is hoping to get word from the U.S. government in the coming weeks about its proposed acquisition of low-cost missile developer Zone 5 Technologies.
