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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.
MoreCollins Aerospace, part of Raytheon Technologies, has secured a decade-long, $34 million contract for resources that would help the Defense Logistics Agency repair gearboxes of the U.S. Air Force's F-16 and B-2 aircraft. The contractor said Wednesday it will perform supply chain management and manufacturing services for the gearboxes, which allow an aircraft's transmission system to shift rotational speeds.
MoreGeneral Atomics' aeronautics systems business has entered into an agreement with U.K.-based aerospace subsystem supplier GKN Aerospace to begin full-rate production work for the MQ-9B SkyGuardian remotely piloted aircraft's composite V-tails.
MoreGeneral Atomics' electromagnetic systems business has selected Firefly Aerospace to perform launch services for a GA-EMS satellite carrying an instrument that NASA will use to study how aerosols in the atmosphere affect human health. Firefly will use its Alpha rocket to launch the Orbital Test Bed satellite, equipped with the Multi-Angle Imager for Aerosols instrument, in 2022 from Vandenberg Air Force Base, General Atomics said Thursday.
MoreMarian Joh, who holds nearly three decades of experience in the aerospace and technology industries, has been tapped by Voyager Space Holdings to serve on its board of directors. Joh will bring her experience in corporate strategy and financing to her role and advise Voyager leadership in pursuit of enabling various space exploration missions, the company said Wednesday.
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