Project bTech

Defense and Space

SparkCognition Government Systems | March 11, 2022

SparkCognition Government Systems (SGS), developing trusted artificial intelligence (AI) solutions for defense and national security, is pleased to announce its partnership with SkyGrid and LIFT Aircraft Inc. The companies will apply AI and blockchain technology to manage the airspace for autonomous vehicles, specifically HEXA, LIFT's electric vertical take-off and landing (eVTOL) aircraft. This partnership comes through a contract milestone with the Air Force Research Laboratory (AFRL) thro...

Aviation Technology

Evolv Technology | August 16, 2022

Evolv Technology, the global leader in AI-based weapons detection security screening, recently surveyed security professionals at Evolv’s customers’ organizations on the topic of transparency and sensitive security information and reports that 96% of the two dozen respondents believe that such information should not be made available to the general public.The need to provide transparency without helping potential attackers is a fundamental paradox of the security industry. While avia...

Commercial Aviation

Voyager Aviation Holdings, LLC | February 28, 2022

Voyager Aviation Holdings, LLC (“VAH”), a global full-service aircraft asset lessor and manager, announced the closing of a five-year senior secured warehouse facility with an initial committed amount of $500 million (“the Facility”). Citibank, N.A. (“Citi”) acted as Global Coordinator and Co-Structuring Agent alongside Credit Suisse Securities (USA) LLC (“Credit Suisse”) as Co-Structuring Agent. Citi and Credit Suisse both acted as ...

Design and Engineering

Embraer | February 16, 2022

American Airlines has signed a firm order with Embraer for three new E175s. The aircraft will be operated by American's wholly owned subsidiary, Envoy Air. With deliveries to be completed this year, Envoy's fleet of E175s will grow to over 100 aircraft by the end of 2022. The contract value is USD 160.2 million at current list prices and will be included in Embraer's 2021 fourth quarter backlog. "Reaching the century mark of 100 E175s with American A...