Page 6 - Aerospace

As India orders more planes, aerospace firms ask govt for a helping hand

Indian aerospace manufacturers are eyeing a boost in orders from local airlines, aiming to strengthen ties with international giants like Airbus and Boeing

GE Aerospace to invest Rs 240 cr to upgrade Pune manufacturing facility

GE Aerospace on Thursday announced its plans to invest over Rs 240 crore (around USD 30 million) to upgrade its manufacturing facility in Pune. The investment will be used to add new projects and manufacturing processes in the facility by acquiring machines/equipment and specialised tools along with capacity enhancement of existing products, the company said in a statement. Inaugurated in 2015, the Pune facility produces components for commercial jet engines. "This investment helps us to continue our growth in aerospace in India, giving us the resources we need to meet increasing customers' demand," said Amol Nagar, managing director for GE Aerospace's Pune facility. The components produced at the plant are supplied to GE's global factories where they are used to assemble G90, GEnx, GE 9X commercial jet engines, and the LEAP engines by CFM, which is a GE and Safran joint venture, according to the statement. The facility has been instrumental in developing local aerospace manufactu

India's FY24 defence exports jump record 32.5%, touch Rs 21,083 crore

These figures indicate that the defence exports have grown by 31 times in the last decade

IAI enhancing commitment to Make in India in defence: CEO Boaz Levy

IAI president and chief executive officer (CEO) Boaz Levy and IAI Air and Missile Defence Division vice-president & general manager Dror Bar speak about their strategy for India

Bridging borders: Israel partners with India to shape future technology

The government-owned IAI specializes in providing state-of-the-art systems for air, ground, sea, space, and cyberspace applications

Cross connection: Starlink's India signal may take longer to connect

A satellite mega-constellation called Starlink G60 is being built in Shanghai by state owned Chinese firms

Analysts remain selective on space-related stocks as govt eases FDI norms

Valuations wise, most are trading at price to equity multiples of 50-100 times on a 12-month trailing basis, data from BSE shows. Apollo Micro Systems, for instance, commands a PE of 152 times

Won't be long before Boeing makes aircraft in India, says PM Modi

Modi stressed the need to build an aircraft manufacturing ecosystem in India as he highlighted the potential of India's strong network of MSMEs, huge talent pool, and stable government in India

Mahindra Aerostructures to supply 5,000 varieties of components to Airbus

Mahindra Aerostructures will supply close to 5,000 varieties of metallic components to Airbus in Germany, under a new manufacturing and supply contract with the European aviation major, the company said on Wednesday. The latest award from Airbus Aerostructures GmbH covers all Airbus commercial aircraft models, including A320 family aircraft, Mahindra Aerostructures Pvt Ltd (MASPL) said in the statement. The contract adds to existing MASPL programs to deliver parts directly to Airbus at their facilities in Toulouse, France, it said. "With this new contract we further expand our relationship (with Airbus Aerostructures Gmbh) and increase our participation in the 'Make In India' initiative of the Indian government. We look forward to delivering on our commitments and continuing this journey of collaborative growth," said Vinod Sahay, President, Aerospace & Defence & CPO, Auto & Farm Sectors, Mahindra & Mahindra Ltd. The Bengaluru-based MASPL has been a direct supplier to .

Jyoti CNC makes decent debut; extends gains with 29% surge over issue price

Till 12:11 am, the stock touched a high of Rs 426 on the BSE

DGCA suspends Anil Gill; Scindia says 'zero tolerance to malpractices'

It has been alleged that Anil Gill, as Director of the Flying and Training Division at the DGCA, misused his authority to obtain three aircraft as bribes from flying schools

Rolls-Royce successfully powers up UltraFan technology demonstrator

The initial stage of the test was conducted using 100 per cent Sustainable Aviation Fuel

Karnataka-based Aequs bags Airbus contract to supply aircraft components

Karnataka-based Aequs will make parts for wings, fuselage, and pylons for Airbus' A320, A330neo, A350 aircraft

Raymond Group to acquire 59% stake in Maini Precision for Rs 682 crore

The acquisition will be concluded through Ring Plus Aqua, a subsidiary of JK Files and Engineering

Raymond Group to acquire 59.25% stake in Maini Precision for Rs 682 cr

With this acquisition, Raymond's engineering business will emerge as a large‐scale provider of engineering, automotive, electric vehicle (EV), aerospace and defence components

CSIR-NIIST, HAL sign MoU to strengthen indigenisation in aerospace sector

Kerala-based CSIR-National Institute for Interdisciplinary Science and Technology (CSIR-NIIST) signed an MoU on Thursday with Hindustan Aeronautics Ltd (HAL), Bengaluru for a collaboration in the nation's aerospace and defence sectors, NIIST said. NIIST said that it would be collaborating with HAL on strengthening the indigenisation and import substitution programme for the nation's aerospace and defence sectors, as envisioned by the Atmanirbhar Bharat initiative. The MoU, signed and exchanged in Bengaluru, involves the development of magnesium and aluminium alloy castings and deals with related areas for the aerospace and defence sectors, it said in the release. The Memorandum of Understanding (MoU) was signed in the presence of senior scientists and officials from both organisations, the release said. "The MoU facilitates CSIR-NIIST to collaborate on human resource utilisation, facility utilisation, technology support services, consultancy services and collaborative research work

Aequs raises Rs 448 cr in funding round led by Singapore's Amansa Capital

Aequs, which operates a precision manufacturing platform in aerospace and other verticals, will use the growth capital to launch a new Advanced Technology Products (ATP) vertical

HAL, Safran Aircraft sign MoU for commercial engine parts manufacturing

Hindustan Aeronautics Limited and Safran Aircraft Engines have signed a Memorandum of Understanding (MoU) to develop industrial cooperation in ring forging manufacturing for commercial engines. HAL will produce LEAP (Leading Edge Aviation Propulsion, powering Airbus A320 Neo family and Boeing 737 Max) engine forgings at its Foundry & Forge facility here as part of the MoU. The MoU was signed by CEO (Bangalore Complex), HAL, Mihir Kanti Mishra, and Senior Vice-President (Purchasing), Safran Aircraft Engines, Dominique Dupuy, in Bengaluru in the presence of key officials from both companies on Thursday. "Safran is a long-standing partner, especially on our Helicopter programmes, as evidenced by the joint development of the "Shakti" helicopter engine. We are also going to codesign and coproduce the next generation IMRH engine with Safran. We are proud to take this partnership to another level, and to develop our skills in key technologies", Chairman & Managing Director ...

MS Dhoni-backed drone startup Garuda Aerospace raises funding of Rs 25 cr

"This fresh capital infusion will play a crucial role in accelerating our growth and enhancing our capabilities to meet the escalating market demand," said Agnishwar Jayaprakash

Skyroot unveils Vikram-1 rocket, set to launch satellites early next year

Space start-up Skyroot Aerospace on Tuesday unveiled its indigenously built Vikram-1 rocket which is expected to deliver satellites to low earth orbit early next year. Science and Technology Minister Jitendra Singh also inaugurated 'The MAX-Q Campus', the new headquarters of the start-up at the GMR Aerospace and Industrial Park at Mamidipally in South Hyderabad. Singh toured the Skyroot headquarters spread across 60,000 sq ft and billed as the country's largest private rocket development facility under one roof. Vikram-1 is a multi-stage launch vehicle with a capacity to place around 300 kg payloads in Low Earth Orbit. It is an all-carbon-fibre-bodied rocket that can place multiple satellites into orbit and features 3D-printed liquid engines. Planned to be launched in early 2024, Vikram-I will be Skyroot's second rocket, after the successful launch of the Vikram-S rocket on November 18 last year. Skyroot's new headquarters houses integrated design, manufacturing and testing facili