ENGtechnica

Tag: AerospaceTech

  • Teledyne Completes Acquisition of Excelitas Aerospace, Defense Business

    Teledyne Completes Acquisition of Excelitas Aerospace, Defense Business

    THOUSAND OAKS, CA, Feb 5, 2025 – Teledyne Technologies Inc. announced the successful completion of the acquisition of select aerospace and defense electronics businesses from Excelitas Technologies Corp. for approximately $710 million. The acquisition includes the optical systems business known under the Qioptiq brand based in Northern Wales, UK, as well as the U.S.-based advanced electronic systems business.

    The UK-based optical systems business provides advanced optics for heads-up and helmet-mounted displays, dismounted tactical night vision systems and proprietary glass used in space and satellite applications. In the U.S., the advanced electronics business provides custom energetics, including electronic safe and arm devices, high-voltage semiconductor switches and rubidium frequency standards for defense and space applications. The acquired business will be included in Teledyne’s aerospace and defense electronics segment and operate under the name Teledyne Qioptiq.

    “We are pleased to have expeditiously closed this acquisition, which represents our tenth corporate carve-out transaction,” said Robert Mehrabian, executive chairman. “Teledyne Qioptiq adds new technology and highly complementary products and customers, and we are delighted to welcome this business and its employees to Teledyne.”

    “The combination of Teledyne Qioptiq’s technologies and our existing broad portfolio of defense products will give us additional opportunities to deliver solutions to our customers,” said George Bobb, president and chief operating officer. Doug Benner, EVP and GM, Teledyne Qioptiq added, “We are excited about the future and look forward to a seamless integration that will benefit our employees and customers.”

    About Teledyne

    Teledyne Technologies Inc., founded in 1960 and headquartered in Thousand Oaks, CA, is a diversified industrial conglomerate specializing in advanced technology and high-reliability solutions. The company operates in four primary segments: digital imaging, instrumentation, engineered systems, and aerospace and defense electronics. Teledyne serves in domains including aerospace and defense, factory automation, environmental monitoring, oceanographic research, deepwater oil and gas exploration, medical imaging, and pharmaceutical research. In 2023, Teledyne reported revenues of approximately $5.5 billion and employed around 14,900 individuals worldwide.

    Source: Teledyne

  • IoT Tribe, Siemens Launch Flywheel to Encourage AI Startups

    IoT Tribe, Siemens Launch Flywheel to Encourage AI Startups

    LONDON, UK, Jan 30, 2025 – IoT Tribe has announced the launch of the Flywheel program, an initiative designed to encourage early-stage startups developing agentic AI and advanced technologies for the aerospace and defense sectors – developed in collaboration with Siemens Digital Industries Software. This program provides startups with Siemens’ engineering expertise, global networks, and advanced digital infrastructure. It helps them solve major industry issues while capitalizing on a multi-billion-pound market.

    A £400+ Billion Market Ripe for Transformation

    The aerospace and defense sector is expected to exceed £400 billion by 2030 due to growing global demand for AI-powered systems, autonomous technologies, and advanced analytics. These innovations improve operational efficiency, enhance safety, enable predictive insights, and support automated decision-making. This sector holds significant potential for transformative advancements.

    However, capitalizing on this market demands technology that is innovative, accessible, dependable, and meets strict industry requirements. Siemens’ Flywheel Program helps startups by providing resources, expertise, and connections to speed up market adoption and claim their share of this expanding sector.

    Tanya Suárez, founder & CEO of IoT Tribe, underscored the market opportunity and transformative nature of the program. She said, “5% of the S&P 500 gains in 2023 were driven by the Magnificent Seven either as key drivers or beneficiaries of AI acceleration. This program is not just about scaling innovation but also about equipping startups to compete in a high-growth market where the stakes—and the rewards—are higher than ever. Our collaboration with Siemens offers startups a unique launchpad to redefine the aerospace and defense industry.”

    “As the aerospace and defense sector continues to mature its digital transformation, the role of AI in solving high-stakes challenges is expanding rapidly. If the impact AI will have on the A&D industry could be measured by a 12 hour clock, right now we are at 5 seconds,” said Todd Tuthill, vice president of the aerospace and defense industry at Siemens Digital Industries Software. “The Flywheel program is designed to help startups break through barriers to market entry and deliver scalable solutions that address these urgent needs and move the industry well beyond the first 5 seconds.”

    Cultivating AI and Agentic AI to Reshape the Industry

    The program focuses on startups developing agentic AI solutions—systems that go beyond automation by thinking, learning, and acting autonomously in complex, real-time environments. These technologies are poised to revolutionize operations across the Aerospace and Defense supply-chain.

    These innovations, Siemens aims to position its partners at the forefront of a rapidly evolving market.

    Unrivalled Resources for Scaling Innovation

    The Flywheel Program offers startups an accelerated pathway to success, with access to:

    • Expert Guidance & Support: Leveraging of Siemens’ industry expertise to reduce operational and technical risks, increasing the confidence of customers in your solution.
    • Cutting Edge Tools & Infrastructure: Use of software from the Siemens Xcelerator portfolio of industry software, enabling streamlined product development and validation.
    • Exclusive Collaboration Networks: Exposure to Siemens’ extensive ecosystem of partners, enabling fast-tracked market engagement and fostering strategic collaborations with other forward-thinking ventures.

    These resources help startups quickly create, validate, and launch technologies that meet industry demands, giving them an advantage in gaining market share.

    About Siemens Digital Industries Software

    Siemens Digital Industries Software provides comprehensive solutions for digital transformation, offering software and services that enable companies to improve product design, manufacturing, and operational processes. It serves a wide range of industries including automotive, aerospace, industrial machinery, electronics, and consumer products. Siemens Digital Industries Software has contributed towards innovation in manufacturing and product lifecycle management (PLM). The company is headquartered in Plano, TX, and is part of Siemens AG.

    Source: Siemens

  • Darren Beckett Joins Velo3D as Chief Technology Officer

    Darren Beckett Joins Velo3D as Chief Technology Officer

    FREMONT, CA, Jan 30, 2025 – Velo3D, Inc. announced Darren Beckett as its new chief technology officer.

    With more than 25 years of experience in technology leadership, innovation and organizational transformation, including two decades at Intel Corp., Beckett will oversee the development and implementation of all internal and external technology initiatives across the company.

    Image: Velo3D

    “We are excited to have Darren join the company as his proven track record of building and leading next generation technology teams to create innovative solutions aligns perfectly with Velo3D’s mission to accelerate our leadership position in additive manufacturing,” said Arun Jeldi, CEO of Velo3D. “His ability to blend technical expertise with strategic leadership will be instrumental in executing our new corporate vision and driving our next phase of growth.”

    Image: Orgio.com

    Prior to rejoining Velo3D, Beckett was the VP of engineering at Woodruff Scientific as well as the chief technology officer at Sigma Additive Solutions where he played a pivotal role in facilitating in the development of their Additive Manufacturing quality control IP portfolio. Prior to Sigma, Beckett spent more than 20 years at Intel in various technical and engineering leadership roles focused on 3D manufacturing and next generation technology development.

    “I am thrilled to join Velo3D and contribute to its vision of enabling customers to utilize additive manufacturing to rapidly scale the production of their most complex parts,” said Darren Beckett. “I look forward to collaborating with the talented team here as the company expands its leadership position in 3D printing technology.”

    As chief technology officer, Beckett will be responsible for leading the Velo3D Research and Development and Informational Technology organizations as well as oversee the implementation of advanced manufacturing technologies.

    About Velo3D

    Founded in 2014 and headquartered in Fremont, CA, Velo3D is a leading technology company specializing in fully integrated metal additive manufacturing solutions. The company offers advanced 3D printing systems, including the Sapphire family of printers, along with Flow pre-print software and Assure quality assurance software, enabling the production of complex, mission-critical components. Velo3D serves industries such as aerospace, defense, energy, and automotive, with clients including SpaceX, Honeywell, and Lam Research. As of January 2025, the company employs approximately 240 people. In the trailing twelve months ending June 30, 2024, Velo3D reported revenues of $46 million.

    Source: Velo3D