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Invoice factoring company Endeavour has partnered with nonprofit startup accelerator MassChallenge to help early-stage aerospace and defense technology developers gain access to a non-dilutive financing platform. Endeavour said Tuesday it will offer support to MassChallenge's network of entrepreneurs through an accounts receivable funding facility, called Escape Velocity.
MoreRaytheon Technologies' Collins Aerospace business has updated the wheels and brakes of the U.S. Navy's C-130 Hercules transport aircraft and KC-130T tanker. Collins Aerospace said Wednesday the new C-130 braking system is made of Duracarb heat sink material and designed to support approximately 2,000 aircraft landings per overhaul.
MoreBAE Systems has signed a nine-year agreement with Vertex Aerospace to increase the availability of the U.S. Marine Corps’ AV-8B Harrier II fleet. "This new contract with Vertex Aerospace ensures we can continue to apply our expertise to support the U.S. Marine Corps in their crucial operations,†said Tom Fillingham, senior vice president of US Programs at BAE Systems Air.
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