AIR TRANSPORT

Kaman Aerospace Group, Inc. selected by Transcend Air to build the Vy 400 High Speed VTOL Aircraft

Transcend Air Corporation | August 13, 2021

Kaman Corporation announced today that its subsidiary, Kaman Aerospace Group, Inc., has been selected by Transcend Air Corporation to build the Vy 400 High Speed Vertical Takeoff and Landing (HSVTOL) aircraft.

The Vy 400 design is optimized to reduce the current time and cost barriers for regional city-to-city travel. The vertical takeoff and landing capabilities of the Vy 400 aircraft gives Transcend Air access to demand-rich centers of major cities. The high-speed Vy 400 travels over 400 miles per hour, making the journey from Manhattan to Boston in 36 minutes.

Gregory Bruell, Co-Founder and CEO of Transcend Air said, “Because of the Vy’s high speed, we can complete many more passenger trips per aircraft. The combination of that with VTOL is key to our revolutionary economics, and Kaman will be key to us scaling up production to meet the huge demand that our mass market fares will drive.”

Russ Bartlett, Kaman’s Senior Vice President and Chief Operating Officer noted, “Viewed from our unique rotorcraft market experience as both a helicopter manufacturer and a major supplier to other aerospace manufacturers, the Vy 400’s advantages in both civil and military applications are compelling.” Bartlett continued, “Transcend Air has over 250 years of collective VTOL experience informing both the aircraft design and their go-to-market strategy. Kaman Aerospace Group has components and subsystems on nearly every rotorcraft flying today and we look forward to the opportunity to be part of this innovative aircraft with Kaman’s singular blend of historical achievements and cutting-edge capabilities.”

Peter Schmidt, Co-Founder and COO of Transcend Air, added, “The time is now for this aircraft. We are reaping the benefits of 50 years of advancements in technology since the pioneering of tilt-wing designs in the 1960s; including computerized fly-by-wire flight control, aero-acoustics, electric control-surface actuation, the Ballistic Recovery Systems whole-airframe parachute, low- and no-carbon Sustainable Aviation and with the addition of Kaman’s collaboration to deliver at scale. On the day it is certified, the Vy 400 will simultaneously become the world’s fastest helicopter AND the world’s fastest single-engine civil turboprop – with Kaman structures, subsystems, and assembly making it possible.”

About Kaman Aerospace Group, Inc.
Kaman Aerospace Group, Inc, is a subsidiary of Kaman Corporation who will employ its Kaman Aerospace Jacksonville facility, a division of Kaman Aerospace Corp. to manufacture the Vy 400. Kaman Aerospace Jacksonville is a leading supplier of complex aircraft structures and sub-assemblies, as well as sheet metal details, extruded parts and machined components for the commercial and defense aerospace industries.

About Kaman Corporation
Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business in the aerospace & defense, industrial and medical markets. Kaman produces and markets proprietary aircraft bearings and components; super precision, miniature ball bearings; proprietary spring energized seals, springs and contacts; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; safe and arming solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; restoration, modification and support of our SH-2G Super Seasprite maritime helicopters; manufacture and support of our K-MAX® manned and unmanned medium-to-heavy lift helicopters.

About Transcend Air Corporation
Transcend Air was founded to unlock the heart of the city with a regional VTOL Aerial Regional Transport (ART TM) service that will free business travelers from congestion on the ground and in the air. Transcend has developed the Vy 400 as the best solution for city-center to city-center mobility, with door-to-door prices lower than current air travel options, and door-to-door times that are 65% to 80% less. With the award-winning Vy 400 and Reserved Edition Vy 400R, Transcend Air is finally realizing the VTOL promise.

Spotlight

These are turbulent times for global economies, in particular, for the oil sector with crude oil prices on a downward trajectory, reaching its lowest in as many as eleven years. For airlines however, lower fuel prices are not exactly translating into actual cost savings.


Other News
AEROSPACE

Boom Supersonic Announces Tooling and Automation Supplier for Overture Superfactory

Boom Supersonic | September 29, 2022

Boom Supersonic, the company building the world's fastest airliner, optimized for speed, safety, and sustainability, today announced that it has selected Advanced Integration Technology (AIT) as the tooling and automation provider and integrator for the Overture final assembly line. This strategic partnership is an important prerequisite for aircraft production at the Overture Superfactory in Greensboro, North Carolina. Site preparation at the Superfactory is already underway, and groundbreaking is on track for December 2022.Boom's purchase agreement with AIT spans the design, fabrication, and installation of custom tooling for the Overture Superfactory. AIT will provide an end-to-end system for the Superfactory, creating transportation and positioning tools for fuselage assembly, wing assembly, wing-to-fuselage joining, and final assembly. Major hardware provided by AIT will include automated drilling machinery, mobile transport equipment, and setups for positioning and joining setups. Boom is prioritizing design and procurement of long-lead-time sections of the tooling suite, helping to ensure that the Overture program remains on track to enter production in 2024. "Advanced Integration Technology is a recognized leader in aircraft assembly tooling, and we are excited to be working with them to prepare the Superfactory for Overture production,This order will help ensure that the Superfactory is ready for Overture's manufacturing launch in 2024." Chris Taylor, Vice President of Manufacturing at Boom Overture will carry passengers at twice the speed of today's fastest passenger jets. As the company announced in January, 2022, Boom will hire more than 2,400 workers at the Superfactory over the next ten years, and recruiting is already underway. Boom also pledged to create over 200 internships for students in North Carolina universities, community colleges, and trade schools, and the first class of these interns is expected in 2023. We are honored that Boom has selected Advanced Integration Technology to design, produce and integrate Overture's Superfactory final assembly line. AIT is proud to use our industry leading expertise in aerospace production system integration to support Boom's vision of supersonic travel, said Michael Wellham, AIT President and Chief Operating Officer. Last week, Boom announced an offtake agreement with AIR COMPANY to purchase up to 5 million gallons of sustainable aviation fuel (SAF) per year through the duration of Overture flight testing in Greensboro, North Carolina. Boom also recently announced three tier-one suppliers that will contribute to key systems on Overture including Collins Aerospace, Safran Landing Systems, and Eaton. Boom is in advanced supplier conversations for several other major components of the aircraft, and also plans to announce its engine partner later this year. In August, American Airlines placed deposits on 20 Overture aircraft and pre-ordered an additional 40, bringing Overture's order book to $26 billion including orders and options. About Boom Supersonic Boom Supersonic is transforming air travel with Overture, the world's fastest airliner, optimized for speed, safety, and sustainability. Serving both civil and government markets, Overture will fly at twice the speed of today's airliners and is designed to run on 100% sustainable aviation fuel (SAF). Overture's order book, including purchases and options from American Airlines, United Airlines, and Japan Airlines stands at 130 aircraft. Boom is working with Northrop Grumman for government and defense applications of Overture. Suppliers and partners collaborating with Boom on the Overture program include Collins Aerospace, Eaton, Safran Landing Systems, the United States Air Force, American Express, AIR COMPANY, Climeworks, and AWS.

Read More

AIR TRANSPORT

NASA TV to Cover SpaceX Cargo Dragon Departure from Space Station

NASA | August 12, 2022

A SpaceX Dragon cargo resupply spacecraft returning science to Earth for NASA is set to depart the International Space Station on Thursday, Aug. 18. NASA will provide coverage of Dragon's undocking and departure on NASA Television, the NASA app, and the agency's website beginning at 10:45 a.m. EDT. Watch online at: Ground controllers at SpaceX in Hawthorne, California, will send commands at 11:05 a.m. for Dragon to undock from the forward port of the station's Harmony module and fire its thrusters to move a safe distance away from the station. Controllers will command a deorbit burn the following day. After re-entering Earth's atmosphere, the spacecraft will make a parachute-assisted splashdown off the coast of Florida. NASA TV will not broadcast the splashdown, and updates will be posted on the agency's space station blog. Dragon will carry back to Earth more than 4,000 pounds of supplies and scientific experiments that were designed to take advantage of the space station's microgravity environment. Splashing down off the coast of Florida enables quick transportation of the experiments to NASA's Space Station Processing Facility at the agency's Kennedy Space Center in Florida, allowing researchers to collect data with minimal sample exposure to Earth's gravity.

Read More

DEFENSE AND SPACE, COMMERCIAL AVIATION

Starburst Ventures Launches New Pre-Seed & Seed Fund Focusing on Aerospace & Defense Innovation

Starburst Ventures | September 22, 2022

Starburst Ventures, the first venture capital fund dedicated to investing across aviation, space, and defense, today announced the launch of its new early-stage fund. Focusing on aerospace, defense, security, as well as enabling sciences and technologies, Starburst Ventures is investing in the next generation of industrial, software and hardware companies.The fund's team will be led by Starburst Ventures' Founder and General Partner, François Chopard. A widely respected industry veteran, Francois founded Starburst in 2012, before A&D became the venture investment category it is today. François is joined by Benjamin Zeitoun as Investor. Together they hold a significant track record of securing investment and building startups from the early stage to IPO. Joining them in an advisory capacity is Jacqueline Tame, startup founder and former Deputy Director of the United States Department of Defense Joint Artificial Intelligence Center, and Natalya Bailey, Head of Strategy at Bloom Energy and former founder of Accion Systems, who was named top 15 most influential women in Space per Business Insider. Both will serve as hands-on advisors to provide unrivaled support in selecting investments and developing Starburst Ventures' portfolio companies. "The Starburst Ventures fund will be an imperative resource in developing the next generation of aerospace & defense companies,Having the opportunity to lead and oversee something so impactful is a true honor. I look forward to working with some of the brightest minds across aerospace innovation and business development." François Chopard, General Partner at Starburst Ventures Starburst Ventures' existing investments include participation in a recent $7.1 million seed round for Outpost, a sustainable satellite & Earth return company founded by Jason Dunn and Mike Vergalla, and backed by Moonshot Ventures & Draper Associates, as well as Strong Compute, a startup that recently completed its $7.8 million seed round and helps developers speed up machine learning training pipelines. Strong Compute is led by Ben Sand and backed by prolific investors including Sequoia Capital India, Folklore, Blackbird; and Skip Capital (led by Principal Kim Jackson). Other investments include companies wishing to stay under the radar, working on mapping the 27,000+ objects jamming Earth orbit to pave the way for space infrastructure, Open Source Intelligence platforms, and a revolutionary optical sensing payload. All five of these companies are at the cutting edge of aerospace innovation. We're excited that our thesis drives our investment in both deeptech and tech companies that have the potential to make a real impact in our sector and beyond,said Benjamin Zeitoun, Investor, Starburst Ventures. The Starburst Ventures fund's portfolio is a reflection of its leadership's unique ability to imagine the next wave of innovation in space, aviation, and defense systems. Starburst Ventures is an independent US venture capital firm owned by its General Partners with a deep commitment to building the future of aerospace and defense. About Starburst Ventures Starburst Ventures is the first venture capital fund exclusively dedicated to investing across aviation, space, and defense to build the future of Aerospace & Defense. The team is made up of Aerospace & Defense specialists, former founders, and accelerator operators who are on a mission to help early-stage founders accelerate their business development efforts across government & industry. About Starburst Starburst is an innovation catalyst in the aerospace industry. They are the first and only global aerospace accelerator, connecting startups with corporates, investors and government, while providing strategic growth and investment consulting services for all. With offices in Los Angeles, Paris, Munich, Singapore, Seoul, Tel Aviv, and Madrid, the team has built an ecosystem of key players with 15000+ of startups in its network. Starburst's accelerator program helps startups scale their business in aviation, space, and defense with access to the largest group of corporate stakeholders to help startups win their first contracts.

Read More

AEROSPACE, DESIGN AND ENGINEERING

Electra Completes Test of Low-Emissions Hybrid eSTOL Aircraft Engine

Electra.aero | September 09, 2022

Electra.aero, Inc. ("Electra"), a next-gen aerospace company with a mission to help decarbonize aviation and open new air transportation markets, has successfully completed a fully integrated test of the proprietary hybrid-electric propulsion system for its low-carbon emissions, electric short takeoff and landing (eSTOL) aircraft, moving Electra closer to leveraging its hybrid engine technology to significantly reduce aircraft emissions, noise, and operating costs. The hybrid system is being integrated into Electra's piloted technology demonstrator aircraft, to demonstrate and test Electra's eSTOL ultra-short takeoff and landing performance and fuel burn savings. The technology was first developed for Electra's 9-passenger eSTOL aircraft and will later be scaled to larger aircraft. Hybrid-electric propulsion is Electra's first step on a path to zero-emissions air mobility, used initially as it is the only sustainable technology that can meet range requirements for the regional air mobility market. Electra's eSTOL aircraft is designed so that hydrogen and battery-electric propulsion systems can be used in the future when those technologies are commercially viable. To support these long-range goals, Electra is exploring green hydrogen with its partner Plug Power (NASDAQ: PLUG), the leading provider of hydrogen fuel cell turnkey solutions. "Tightly coupling airframe and propulsion systems is the hallmark of Electra's unique and scalable approach to providing net-zero emissions for regional and transport-category aircraft by 2050,Electra's eSTOL aircraft uses this patent-pending technology for the urban and regional aircraft market, allowing a reduction of the 5 billion tons of CO2 created by inefficient ground transport in personal cars every year." JP Stewart, Electra's VP and General Manager. Testing of the hybrid-electric system took place at Electra's propulsion development facility in Switzerland. Electra's hybrid system uses a combination of high-power battery packs and a turbogenerator to power eight electric motors and propellers. About Electra.aero Electra.aero, Inc. is a next-gen aerospace company leading the way in sustainable urban and regional mobility. The company is building clean, hybrid-electric, ultra-short takeoff and landing (eSTOL) airplanes that fly people and cargo quieter, further, and more affordably. Electra's technology delivers 2.5x the payload and 10X longer range with 70% lower operating costs than vertical takeoff alternatives with much less certification risk, proving that climate friendly technology can also be cost-effective. Electra's team includes some of the most respected and successful entrepreneurs and engineers in novel aircraft design, and its technology development is supported by NASA, the US Air Force, and a coalition of private investors.

Read More

Spotlight

These are turbulent times for global economies, in particular, for the oil sector with crude oil prices on a downward trajectory, reaching its lowest in as many as eleven years. For airlines however, lower fuel prices are not exactly translating into actual cost savings.

Resources