Streetbeat News

Partnerships

GE

KTOS

GE Aerospace and Kratos Defense & Security Solutions have signed a Memorandum of Understanding to develop and produce small affordable engines for military drones and other applications. This partnership builds on an existing joint development agreement and includes full-scale engine production.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 9:04 am

LILM

Lilium has expanded its POWER-ON portfolio by partnering with leading digital innovators to enhance seamless jet operations.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 7:13 am

HON

UAL

United Airlines has selected Honeywell to provide advanced avionics for its new 737 MAX fleet, including 3D weather radar, flight data recorders, and traffic avoidance systems. This agreement builds on a previous selection of Honeywell avionics in 2018.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 7:03 am

BA

WWD

Woodward, Inc. (NASDAQ:WWD) has been selected to supply rotary actuators for the NASA-Boeing X-66A aircraft, a project aimed at increasing fuel efficiency and contributing to net-zero emissions by 2050. The actuators will be fitted to the aircraft's ailerons, with production starting by 2026 and test flights scheduled for 2028.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 7:02 am

PPG

PPG has extended its partnerships with Indianapolis Motor Speedway, INDYCAR, and Team Penske through 2029. The agreements include entitlement rights to the Brickyard 400 NASCAR CUP series race through 2029.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:56 am

GE

GE Aerospace and the U.S. Department of Energy have expanded their supercomputing partnership to develop open fan engine technology. This new Cooperative Research & Development Agreement leverages GE Aerospace's technology and the DOE's supercomputing capabilities.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:52 am

VLVLY

XPEV

XPENG and Volkswagen Group have signed a master agreement to jointly develop advanced E/E Architecture for the Chinese market. The first vehicle with this architecture will start production in about 24 months, and both companies are exploring further collaboration opportunities.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:47 am

ATIF

ATIF Holdings Limited has secured two new listing advisory agreements with U.S. tech companies, receiving 2% equity in shares as part of the deal.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:40 am

RTX

RTX's Pratt & Whitney Canada and Collins Aerospace have been chosen by Airbus Helicopters to develop a hybrid-electric propulsion system for the PioneerLab technology demonstrator, aiming for a 30% improvement in fuel efficiency. Test flights are expected to begin in 2027.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:28 am

VALN

Valneva has secured up to $41.3 million from CEPI and the European Union to expand access to its chikungunya vaccine, IXCHIQ®. The funding will support clinical trials in vulnerable groups and technology transfer to an additional manufacturer for supply to Asian LMICs. IXCHIQ® is already approved for adults in the U.S., Canada, and Europe.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:02 am