AE Industrial Partners, the leading private equity investor in aerospace and defense by deal volume, has acquired a majority stake in small satellite builder York Space Systems, the companies announced Oct. 4.
As calls grow within the advanced air mobility community for demonstrations that will show the public and policymakers the potential benefits of this new form of transportation, startup Electra.aero is making plans to fly its technology demonstrator between Washington and Richmond, the Virginia state capital.
Five startups emerged as winners from the pitch-style final of an urban air mobility innovation challenge sponsored by the Vertical Lift Consortium, a collaboration that supports the Defense Department.
Amid cautions from the United Nations (U.N.) concerning higher interest rates and the Standard & Poor’s 500 Index experiencing its worst monthly drop since March 2020 in September, the month of October opened as better in general in terms of stock performance.
U.S. space infrastructure specialist Redwire said it will buy Qinetiq Group’s Space NV business, a provider of integration, equipment and other backbone space systems in Europe, for about €32 million ($31.4 million).
Vulcan’s debut launch, targeted for late this year or early 2023, will send a privately owned lander, carrying payloads for NASA and other customers, to the surface of the Moon.
With the world’s advanced air mobility (AAM) industry watching EHang’s progress toward the first type certification of an autonomous air taxi, the Chinese startup has reported that the project specific certification plan for its two-seat EH216-S has been approved by the Civil Aviation Administration of China.
Boeing does not appear to be on track to get the 737-7 certified this year, putting the program in need of a congressional waiver from a pending deadline.
When Eve Holding launched its electric vertical takeoff and landing commuter flight demonstrations in Chicago, the goal was to gather as much data and information as possible to formulate what a future commuter operation would look like.
