Aerospace, Defense and Space

AEye Announces Partnership With Booz Allen Hamilton to Advance Software-Defined Lidar in Aerospace and Defense Applications

AEye Announces Partnership
A global leader in adaptive, high-performance lidar solutions, today announced a partnership with Booz Allen Hamilton, one of the Department of Defense’s premier digital system integrators and a leader in data-driven artificial intelligence, to productize and drive adoption of AEye’s technology for aerospace and defense (A&D) applications.With the accelerated activity in these markets, the company also announced the opening of an office in Florida’s “Space Coast” region, and the hiring of veteran defense systems engineering leader Steve Frey, a Lockheed Martin and L3Harris Technologies alum, as its vice president of business development for A&D.

“Aerospace and defense applications must be able to see, classify, and respond to an object in real time, at high speeds, and at long distances. AEye’s 4Sight™ software-definable lidar system, with its adaptive sensor-based operating system, uniquely meets these challenging demands,“We are collaborating with Booz Allen Hamilton to optimize its real-time embedded processor perception stack. This aligns with Booz Allen’s digital battlespace vision for an information-driven, fully integrated conflict space extending across all warfighting domains, enabled by technology like artificial intelligence (AI), machine learning (ML), and edge computing to realize information superiority and achieve overmatch.”

Blair LaCorte, CEO of AEye.

Booz Allen has developed a client toolkit for assessing the performance of machine learning and artificial intelligence, fusing data from multiple sensors - including lidar, camera, and radar – and virtualizing perception data for optimized mapping onto embedded processors to fully support situational awareness for the military. This toolkit accelerates AEye’s 4Sight Intelligent Sensing Platform time-to-market into the Aerospace & Defense markets. “Information warfare will drive tomorrow’s battles, and wars will be won by those who maintain superior situational awareness provided by critical technologies like AI and ML,” said Dr. Randy M. Yamada, Booz Allen vice president and a leader in the firm’s defense solutions portfolio. “Given this, AI must not be an afterthought, but rather a solution that can keep up with the challenging demands of DOD requirements. Booz Allen will enable AEye’s adaptive, software-defined architecture that greatly expands the utility of AI and ML for defense applications, which we believe will be a game-changer.” AEye’s 4Sight sensors are capable of long-range detection, exceeding one kilometer, are flexible enough to track a bullet at 25,000 frames per second, and can either cue off of other sensors or self-cue, subsequently adapting to place high-density regions of interest around targets. These capabilities, enabled by 4Sight’s in-sensor perception, greatly expand the utility of AI and ML for defense applications and, ultimately, save lives. Beyond defense, there are many types of applications that require real-time transformation of raw data into actionable information. As such, AEye plans to leverage the perception stack advancements being developed in conjunction with Booz Allen into various edge computing environments with its automotive and industrial customer base.

AEye’s Origins
The executive team has deep roots in aerospace and defense. Founder Luis Dussan spent much of his career designing sensor systems, remote sensing, information, surveillance, targeting, and reconnaissance systems for mission-critical military operations at Lockheed Martin and Northrop Grumman. He founded AEye in 2013, adding engineers from NASA, Lockheed, the US Air Force, and the Defense Advanced Research Projects Agency (DARPA) to create AEye’s 4Sight lidar platform for software-driven intelligent sensing.“Our collective defense industry experience is encapsulated in our systems approach, and how we uniquely meet the challenge of building better, safer perception for safety-critical applications,” said Dussan. “That’s why we designed software-configurability into the hardware, and created a solid-state design which produced robust adaptive hardware to endure harsh and varying environmental conditions. These are all critical requirements for aerospace and defense, and cornerstones in the designs that we build at AEye.” Aerospace and Defense Industry Veteran to Lead New Space Coast Office AEye’s Aerospace and Defense business will be led by Steve Frey, a highly respected industry leader with more than 35 years of experience in optics, photonics, systems engineering, and technical team leadership.The majority of Frey’s career was spent at Lockheed Martin, where he designed and later oversaw, as the Director of Applied Research, the development of advanced IR imaging systems, laser systems, missiles, advanced targeting algorithms, and other mission-critical defense projects At Lockheed, Frey worked hand-in-hand with Dussan on developing leading-edge defense technology, including remote sensing using lasers and photonics, and ensuring that technology’s usability in the battlefield. Following Frey’s time at Lockheed, he held engineering leadership roles in the commercial and defense and space industry at FAZ Technology, Ocean Optics, and L3Harris Technologies, before joining AEye. The company has established a Space Coast office in the Melbourne-Palm Bay region, which provides a physical presence near the most prominent aerospace and defense companies in the world. Frey hasn’t wasted any time staffing up the office. He quickly brought on a team of ten software, systems, mechanical, electrical, and firmware engineers, averaging two decades in aerospace and defense experience apiece. Collectively, the group has worked on safety critical systems, including those for airborne infrared imaging, missiles, and helicopters, at companies including Lockheed Martin, Northrop Grumman, L3Harris Technologies, Ocean Optics, and Stryker. AEye’s Florida office opening follows the company’s earlier expansion into Europe, Japan, and Korea. The company now has more than 100 patents filed globally, spanning four continents and more than 10 countries, and is the first and only lidar company to validate its sensor’s performance through a leading third-party testing service. The AEye Space Coast office is located at 1591 Robert J. Conlan Blvd. NE, Suite 115, Palm Bay, Florida. For more information, or to schedule a meeting or a real-time demo, contact aeye.florida@aeye.ai.

About AEye
AEye’s unique software-defined lidar solution enables advanced driver-assistance, vehicle autonomy, smart infrastructure, logistics and off-highway applications that save lives and propel the future of transportation and mobility. AEye’s 4Sight™ Intelligent Sensing Platform, with its adaptive sensor-based operating system, focuses on what matters most: delivering faster, more accurate, and reliable information. AEye’s 4Sight™ products, built on this platform, are ideal for dynamic applications which require precise measurement imaging to ensure safety and performance. AEye has a global presence through its offices in Germany, Japan, Korea and the United States.

Spotlight

Other News
Aviation Technology

Wheels Up Finalizes New Investment with Delta, Certares, Knighthead and Cox

Wheels Up | September 26, 2023

Wheels Up Experience (NYSE: UP) today announced that it has closed the previously announced investment by Delta Air Lines, Certares Management LLC, Knighthead Capital Management LLC and Cox Enterprises. The new investment structure combines the experience of Delta, the No. 1 premium airline, with the travel and tourism focus of Certares and turnaround and restructuring experience of Knighthead. It includes an agreement for a $500 million credit facility to Wheels Up, with funds contributed by Delta and CK Wheels LLC, which is co-managed by affiliates of Certares and Knighthead, and Cox. The announcement follows last week's selection of George Mattson as the company's new CEO. "This investment represents both an important source of capital for Wheels Up to support our strategy for financial stability, future profitability and long-term growth on behalf of our members and customers, as well as a vote of confidence in our path forward from a group of investors with deep experience in the premium travel space," Mattson said. "We look forward to working closely with Delta and our other investors to deliver best-in-class operating performance and an exceptional customer experience which, as we deepen our commercial partnership, will also enable us to provide a one-of-a-kind seamless connection between private and premium commercial travel." "Wheels Up is an integral part of Delta's portfolio of premium partners, and this deep relationship offers a significant opportunity to deliver compelling benefits to our customers that are unique in the travel space," said Dan Janki, Wheels Up Chairman and Delta's Chief Financial Officer. "This investment and new leadership puts Wheels Up on a strong path to future success." The credit facility is comprised of a $350 million term loan funded at closing from Delta, CK Wheels LLC and Cox and a $100 million revolving credit facility from Delta. The terms of the credit agreement permit a new lender to provide a $50 million term loan after the closing date, as approved by Delta, Certares, Knighthead and Cox, and it is anticipated this additional funding will close in the near term. In connection with the closing of the credit facility, the lenders will initially receive newly issued Wheels Up common stock representing 80% of the company's outstanding equity as of the closing of the credit facility, on a fully diluted basis. After approval by Wheels Up's stockholders of an amendment to its certificate of incorporation, the company will issue to the lenders additional new shares such that the lenders will own 95% of the company's outstanding equity as of the closing of the credit facility, on a fully diluted basis. Wheels Up also announced a new structure for its Board of Directors. Under the new structure, Delta Air Lines will appoint four directors, Certares and Knighthead each will appoint two directors, and Cox will appoint one director. In addition, one company executive will join the Board and two independent directors are expected to remain from the previous Board. The parties were assisted in the transaction by a number of strategic advisors, including: Davis Polk, Jefferies LLC, Kirkland & Ellis and PJT Partners. About Wheels Up Wheels Up is a leading provider of on-demand private aviation in the U.S. and one of the largest private aviation companies in the world. Wheels Up offers a complete global aviation solution with a large, modern, and diverse fleet, backed by an uncompromising commitment to safety and service. Customers can access membership programs, charter, aircraft management services and whole aircraft sales, as well as unique commercial travel benefits through a strategic partnership with Delta Air Lines. Wheels Up also offers freight, safety and security solutions and managed services to individuals, industry, government, and civil organizations. Wheels Up is guided by the mission to connect private flyers to aircraft, and one another, through an open platform that seamlessly enables life's most important experiences. Powered by a global private aviation marketplace connecting its base of approximately 12,000 members and customers to a network of approximately 1,500 safety-vetted and verified private aircraft, Wheels Up is widening the aperture of private travel for millions of consumers globally. With the Wheels Up mobile app and website, members and customers have the digital convenience to search, book and fly.

Read More

Aviation Technology

Joby Subsidiary H2FLY Completes World’s First Piloted Flight of Liquid Hydrogen Powered Electric Aircraft

Business Wire | September 14, 2023

H2FLY, a wholly-owned subsidiary of Joby Aviation, today announced the successful completion of the world’s first piloted flight of a liquid hydrogen-powered electric aircraft. H2FLY, acquired by Joby in 2021, continues to lead the industry on the development and testing of hydrogen aviation propulsion systems. The company completed a series of piloted flights with its HY4 demonstrator aircraft, including one that lasted more than three hours, fitted with a hydrogen-electric fuel cell propulsion system and liquid hydrogen that powered it for the entire flight. The flights demonstrate the viability of using cryogenically-stored liquid hydrogen instead of gaseous hydrogen, which enables significantly lower tank weights and volume, leading to longer range. The successful installation and demonstration of flight with liquid hydrogen is believed to increase the range of H2FLY’s HY4 demonstrator aircraft from 466 mi (750 km) to 932 mi (1500 km), marking a critical step towards the long-term decarbonization of mid- to long-range aviation. “H2FLY are pioneers in their field, and we’re proud of them achieving this watershed moment in the use of liquid hydrogen to power aircraft,” said JoeBen Bevirt, Founder and CEO of Joby Aviation. “In the years to come, battery-electric and hydrogen-electric propulsion systems will enable us to build aircraft that are quieter and make mid- to long-range air travel possible with zero emissions. It’s critical we take action now and invest aggressively in these technologies for the health of our planet and future generations to come.” The successful flights are the culmination of Project HEAVEN, a European-government-supported consortium assembled to demonstrate the feasibility of using liquid hydrogen in aircraft. The consortium is led by H2FLY and includes the partners Air Liquide, Pipistrel Vertical Solutions, the German Aerospace Center (DLR), EKPO Fuel Cell Technologies, and Fundación Ayesa. Following this test flight milestone, H2FLY will increasingly focus on its path to commercialization. In June, H2FLY announced the development of its new fuel cell systems, which will be capable of providing their full power range at altitudes high enough to enable commercial hydrogen-electric aircraft, demonstrating real-world commercial aircraft applications. About Joby Joby Aviation, Inc. is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world.

Read More

Aviation Technology

Archer Closes Previously-Announced Financing and Development Agreements to Complete World’s Highest-Volume eVTOL Aircraft Manufacturing Facility

Business Wire | October 12, 2023

Archer Aviation Inc. a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced that it has closed agreements with Synovus Bank and Evans General Contractors, LLC for the financing and development of its high-volume manufacturing facility in Covington, Georgia. Construction is already underway on the first phase of the Covington facility build out of approximately 350,000 square feet to support production of up to 650 aircraft per year, which would make it the world’s largest eVTOL aircraft manufacturing facility by volume. Archer expects to produce the highest volume of eVTOL aircraft while bearing a dramatically lower manufacturing capital cost than projects announced by competitors in the industry. Today’s announcement secures at least $65 million in financing which represents a substantial majority of the cost of construction for the first phase of Archer’s eVTOL manufacturing facility. In conjunction with previously announced incentives from the state of Georgia and Archer’s partnership with Stellantis, today’s announcement advances the company’s strategy of creating the most capital efficient path to scaled manufacturing. This is also possible due to Archer’s business strategy of partnering with top tier aerospace suppliers, like Honeywell and Safran, for a majority of Midnight’s components, streamlining the manufacturing and assembly process dramatically while allowing for a facility that is set to achieve high volumes of output. Phase one of Archer’s high-volume manufacturing facility is on target to be completed in 2024 ahead of Midnight’s planned entry into service in 2025. Phase two of the facility provides the capability to expand the operation to approximately 900,000 square feet to support long-term production targets of over 2,000 aircraft per year. “The ability to manufacture eVTOL aircraft at scale is critical to building a successful business in this industry and Archer continues to maintain a significant lead on this front. Today, we’re taking another major step forward on our manufacturing buildout by securing a design-build agreement and financing agreement for the world’s first, and largest by volume, eVTOL manufacturing facility,” said Adam Goldstein, Archer’s Founder and CEO. “Consistent with our capital efficient strategy of getting to commercialization, we’ve achieved attractive terms on the project. These agreements, along with our already strong partnership with Stellantis, give us the flexibility to ramp up our capacity and become the leading scale manufacturer of eVTOL aircraft in the world.” Archer has selected Synovus Bank and Evans General Contractors, LLC, respectively, as its financing and development partners. In selecting its partners for the Covington project, Archer considered a range of companies with expertise in high-volume manufacturing facilities in the southeast United States. Goldstein added, “We are committed long-term partners to the community in Covington, Georgia, and we are thrilled to be working with companies who share our vision of having the world’s leading, state-of-the-art eVTOL manufacturing facility right here in the United States.” Archer’s goal is to transform urban travel, replacing 60-90 minute commutes by car, with estimated 10-20 minute electric aircraft flights that are safe, sustainable, low noise and cost competitive with ground transportation. Archer’s Midnight is a piloted, four passenger aircraft designed to perform rapid back-to-back flights with minimal charge time in between flights. Archer’s Midnight aircraft will be manufactured at the company’s high-volume manufacturing facility in Covington, GA before being deployed to different customers and markets in the U.S. and abroad. About Archer Archer is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks. Archer’s mission is to unlock the skies, freeing everyone to reimagine how they move and spend time. Archer's team is based in Santa Clara, CA.

Read More

Aerospace

Eviation Announces Order from Solyu for 25 Alice All-Electric Commuter Aircraft

PR Newswire | September 12, 2023

Eviation Aircraft, a manufacturer of all-electric aircraft, today announced that Solyu, a leasing company based in Seoul, South Korea, has signed a Letter of Intent (LOI) for 25 commuter Alice aircraft with options for 25 additional aircraft. Solyu is focused on supporting sustainable aviation by providing financing and leasing solutions for the Alice to a global customer base of operators. Leading the Electric Age of Aviation The nine-passenger Eviation Alice is the world's first flight-proven all-electric commuter aircraft. Built from a clean-sheet design integrating magniX's industry-leading electric propulsion system, Alice produces zero carbon emissions and features lower operating costs per flight hour compared to light jets or high-end turboprops – thereby providing the opportunity to activate more routes, improving the convenience of air travel. "Solyu's order is a testament to how lessors are embracing Alice as the future of flight," said Eddie Jaisaree, Vice President, Commercial Sales at Eviation. "The leasing community is an important constituent in bringing about sustainable change in the aviation industry. It is exciting to see a forward-thinking company such as Solyu recognizing Alice's zero carbon technology, economic viability and beautiful design." "We are very excited to work with Eviation to bring sustainable aviation to the market," said Andrew Claerbout, President of Solyu. "With aviation regulations focusing on sustainability and airlines demanding to reduce their carbon footprint, we see Alice as a major contributor to meeting those targets. In addition to its zero emissions, Alice's flexible layout and low operating costs will provide operators opportunities to open new markets." "As we continue to take important steps toward certification, Alice has now secured US$ 5 billion in orders," said Gregory Davis, CEO of Eviation. "It is gratifying to see the marketplace so excited about Alice's innovative design, low cost of operation and environmental credentials. We are delighted to have Solyu, our newest leasing customer, join us in our mission to lead the electric age of aviation." About Eviation Aircraft Based in Washington State, U.S., Eviation Aircraft Inc. develops and manufactures electric aircraft to delight operators and passengers with green, cost efficient and convenient regional transportation. Its electric propulsion units, high-energy-density batteries, mission-driven energy management, and innovative airframe are designed from the ground up for electric flight. Please visit us at www.eviation.com. About Solyu Based in Seoul, South Korea, Solyu is a lessor focused on providing customers with the newest technology, zero emissions aircraft. The team at Solyu is highly experienced with decades of global experience in aircraft leasing and finance.

Read More