Leidos | August 03, 2022
Leidos a FORTUNE® 500 science and technology leader, announced it has entered into a definitive agreement with Cobham Limited to acquire Cobham Aviation Services Australia's Special Mission business. The Special Mission business provides airborne border surveillance and search and rescue services to the Australian Federal Government. The acquisition is subject to customary closing conditions, including regulatory approvals.
"Cobham's Special Mission team conducts essential operations that protect Australia's borders, support law enforcement and environmental protection and save lives. The integration of Special Mission into Leidos Australia will expand the scope of our global airborne ISR capabilities, diversify revenues, and open up new growth avenues."
Leidos Chairman and CEO Roger Krone
"I have the greatest respect and admiration for Cobham's Special Mission team and their performance in service to the Government," said Leidos Australia Chief Executive Paul Chase. "The addition of the Special Mission business will bring new, expansive services to our offerings across Australia. I look forward to working with this exceptional team."
"This is a perfect match," said Cobham Aviation Services Chairman Kim Gillis. "Leidos has remarkably complementary operations to Cobham Special Mission in airborne ISR, as well as deep platform integration expertise, and both organisations uphold exceptional track records of delivering mission critical services to government and defence customers."
"I'd like to recognise and thank all of the Special Mission team for their continued dedication and commitment to delivering operational outcomes for our customers," Managing Director of Special Mission James Woodhams said. "I'm really excited about what the future holds for the team as part of Leidos."
Cobham Special Mission owns and operates 14 modified aircraft to deliver critical services across Australia, including
Conducting one of the world's largest outsourced civil maritime surveillance operations under contract with the Australian Border Force, patrolling Australia's 8.2 million square kilometre Exclusive Economic Zone;
Providing fixed wing search-and-rescue response capability over land and sea on behalf of the Australian Maritime Safety Authority (AMSA); and
Operating a highly specialised mission aircrew training system for more than 30 mission aircrew per year.
Leidos is a Fortune 500® technology, engineering, and science solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, civil, and health markets. The company's 43,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $13.7 billion for the fiscal year ended December 31, 2021.
DEFENSE AND SPACE
Redwire | July 01, 2022
Redwire Corporation a leader in space infrastructure for the next generation space economy, announced today that it has successfully delivered the second pair of International Space Station Roll-Out Solar Arrays to Boeing, NASA’s prime contractor for space station operations. The on-time delivery follows acceptance testing consisting of multiple ambient functional deployments, vibration, and cold and hot temperature deployments. The solar arrays are currently undergoing flight package integration and are slated to launch on an upcoming commercial resupply flight to the International Space Station (ISS).
Redwire is under contract with Boeing to provide iROSA solar arrays for the ISS. Redwire is responsible for the design, analysis, manufacture, test and delivery of six new solar arrays that will augment the ISS’s power supply. The first two iROSA solar arrays were installed on the ISS in June 2021 and are operating as expected with nominal output.
“Redwire is proud to partner with Boeing to provide critical power generation technology supporting the International Space Station, which remains the crown jewel of global human spaceflight. These next two iROSA wings will provide a crucial power boost to support the vital work that is happening on station, while further demonstrating this innovative technology that will enable numerous public and private sector activities in low-Earth Orbit, on and around the Moon and beyond.”
Tom Campbell, Redwire’s Executive Vice President of Deployable Solutions
Using 30.7% efficient XTJ Prime solar cells from Boeing’s Spectrolab, each iROSA array is one of the most powerful ever manufactured and will provide more than 28 kilowatts of power. Combined, the six new arrays are designed to produce more than 120 kilowatts over 10 years and will substantially improve the overall power-generating capability of the ISS by 20 to 30 percent.
Redwire‘s Roll-Out Solar Array (ROSA) technology is compact, modular and scalable, making it ideal for use on the ISS and other spaceflight platforms. iROSA uses large, flexible solar arrays with composite booms that are rolled up for storage, launch and delivery. When installed, each iROSA unit unrolls without the need for motors or other equipment, giving iROSA an advantage over rigid solar arrays and other traditional technologies. The technology behind iROSA was first demonstrated on the ISS in June 2017.
Redwire is also producing various modular versions of ROSA for many government and commercial spaceflight applications, including the Power and Propulsion Element for NASA’s Gateway program. ROSA technology is currently enabling NASA’s Double Asteroid Redirection Test Mission, which launched in November 2021.
Redwire Corporation is a leader in space infrastructure for the next generation space economy, with valuable IP for solar power generation and in-space 3D printing and manufacturing. With decades of flight heritage combined with the agile and innovative culture of a commercial space platform, Redwire is uniquely positioned to assist its customers in solving the complex challenges of future space missions.
BUSINESS AVIATION, COMMERCIAL AVIATION
Volato | September 17, 2022
Volato, the most efficient way to experience a luxury private jet, today announced a new relationship with Gulfstream and a fleet order of Gulfstream G280 aircraft. With four on firm order, the aircraft will add significant capability to Volato's existing fleet of HondaJet Elites. This expansion evolves Volato's business model as they look to service a greater share of the private aviation market. Volato will be the first company to fractionalize the Gulfstream G280, preselling fractions in multiples of eighths, and will take delivery of its first G280 aircraft in early 2024.The ten-seat configured Gulfstream G280 brings the unique benefits of Volato's program to the super-mid cabin fractional customer: fly as little or as much as you like, plus, earn revenue every time your aircraft flies a live mission, evolving their business model from The most efficient way to fly luxury private with four or fewer passengers to The most efficient, friendly and rewarding way to experience a luxury private jet.
"When we launched Volato, our strategy was to initially target the largest segment of the market that was not being directly addressed: short haul flights with only a few passengers,From listening to our customers' needs and recognizing that our innovative business model is not just limited to light jets, we are excited to expand our model to larger aircraft so that HondaJet owners can fly their edge case missions that are farther or with more passengers, while welcoming a new category of luxury private jet customer to Volato's superior experience."
Matt Liotta, Co-Founder and CEO of Volato
The Gulfstream G280 features the largest in-cabin experience and greatest efficiency in its class. The Gulfstream G280's revolutionary wing design and engine technology result in prime fuel-efficiency, reducing operational costs and supporting environmental sustainability. Volato will offset the CO2 in every gallon of fuel through its program with 4AIR, continuing its commitment to minimize its environmental footprint.When considering expanding our fleet offerings, the cabin experience and operating efficiency were important considerations,said Nicholas Cooper, Co-Founder and Chief Commercial Officer of Volato. "Gulfstream and the G280 was the clear choice as being best in class and we are excited to begin this relationship with Gulfstream.Gulfstream is grateful to Volato for the confidence they have placed in us and in the Gulfstream G280 as they expand their fleet, said Scott Neal, Senior Vice President of Worldwide Sales, Gulfstream. The G280 is an outstanding aircraft, and I look forward to Volato's customers benefiting from its cabin comfort and class-leading performance capabilities. The Gulfstream G280 will service Volato's existing owner's private aviation needs through direct fractional ownership or access to the aircraft through their HondaJet fractional ownership. As owners can fly as little or as much as they like, while earning a revenue share whenever their aircraft flies a live leg, there is no downside to having ownership in both programs, owners simply choose the most efficient aircraft for their mission. Volato's Gulfstream G280 fleet will service the United States and nearby countries. Volato operates one of the largest and most modern fleets of HondaJets in the world with 11 aircraft and 18 on order, and now offers fractional shares in four Gulfstream G280's, the Stretch Jet Card: the only in-fleet jet card that rewards flexibility, and Volato Aircraft Management Services with a focus on HondaJets and large cabin aircraft. With IS-BAO Stage 2 and ARGUS Platinum safety ratings, and an accident-free history, Volato operates with the highest safety standards of any HondaJet operator. In addition, Volato offsets the CO2 on every gallon of fuel used by its fleet through its program with 4AIR, and provides pilots with robust training and a balanced lifestyle. Volato is positioned to be an industry leader as it continues to develop the most innovative solutions in private aviation.
Volato is a full-service aviation company providing modern ways to enjoy luxury private jets through innovative, friendly, and sustainable solutions. Volato provides a fresh approach to fractional ownership, aircraft management, jet card and charter programs. Volato's fractional program uniquely offers flexible hours and a revenue share on every live mission for owners in a fleet of bespoke HondaJet Elites which are optimized for missions of up to four passengers, and Gulfstream G280's which are optimized for missions of up to ten passengers.
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 aviation security has clear specifications classified by the Transportation Security Administration in the US and European Civil Aviation Conference in the EU, other venues for which advanced security screening is being used have not yet formalized set standards around transparency.
Evolv is working to set that standard. The company discloses sensitive information only to trusted security partners to prevent the exposure of potential vulnerabilities and compromising customers’ security plans. The Company recently underwent NCS⁴’s operational exercise with its Express® system and earned an overall composite score of 2.84 out of 3 and chose not to make the full report public as part of the Evolv transparency statement. It is a position agreed to by leading security experts as methods of advanced screening continue to be used in more venues around the world.The less that is shared with the general public the better chance we all have at someone not finding a weak point in any security posture,” said one of the survey respondents.
People who say that absolute transparency is best simply don't understand the security business,” said John Pistole, former administrator of the United States TSA and a former deputy director of the Federal Bureau of Investigation. “They apparently don't have an informed perspective or insight into just how determined bad actors are in their efforts to harm individuals, countries, and companies.Security professionals do not want anyone to release information that helps attackers defeat their systems,” said Randy Smith, western region director, Security Detection. “Fans, students, concertgoers, and healthcare workers have a right to their safety. To release sensitive security information is irresponsible and potentially life threatening.
“Similar to cybersecurity and counterterrorism, protecting the methods and means, and sharing them only with trusted security partners is critical to preventing the exposure of potential vulnerabilities. All systems have weaknesses. In aviation, it's illegal for the people who know all the details to share them publicly, Mike Ellenbogen, cofounder and chief innovation officer at Evolv. “Established security experts understand the basic requirement to keep detailed sensitive information away from anybody who might use the information to exploit or attempt to penetrate a physical security system, and that includes the general public. Those who are saying otherwise truly do not understand the industry and are putting the public at risk. Evolv’s mission is to make everywhere safer. Public disclosure of sensitive security information objectively makes people less safe.”
Mike Ellenbogen, cofounder and chief innovation officer at Evolv.
About Evolv Technology
Evolv Technology (NASDAQ: EVLV) is transforming human security to make a safer, faster, and better experience for the world’s most iconic venues and companies as well as schools, hospitals, and public spaces, using industry leading artificial intelligence (AI)-powered weapons detection and analytics. Its mission is to transform security to create a safer world to work, learn, and play. Evolv has digitally transformed the gateways in places where people gather by enabling seamless integration combined with powerful analytics and insights. Evolv’s advanced systems have scanned more than 250 million people, second only to the Department of Homeland Security’s Transportation Security Administration (TSA) in the United States. Evolv has been awarded the U.S. Department of Homeland Security (DHS) SAFETY Act Designation as a Qualified Anti-Terrorism Technology (QATT) as well as the Security Industry Association (SIA) New Products and Solutions (NPS) Award in the Law Enforcement/Public Safety/Guarding Systems category. Evolv Technology, Evolv Express®, Evolv Insights™, and Evolv Cortex AI™ are registered trademarks or trademarks of Evolv Technologies, Inc. in the United States and other jurisdictions.