> ## Content Index > Fetch the complete content index at: https://newsletters.qs.com/llms.txt > Use this file to discover other available public pages before exploring further. # 🚀 Space and Defense #19 - URL: https://newsletters.qs.com/space-and-defense-19/ - Published: 2024-12-02T12:30:16.000Z - Updated: 2024-12-02T12:30:15.000Z - Description: HolonIQ's Space and Defense Newsletter covers the latest developments in national defense, drones, armored vehicles, and space innovation and looks at the top space skills and deals. - Author: QS - Tags: Advanced Manufacturing **Happy Monday 👋** This week in the global defense and space sector, France announced the development of a new [ballistic](https://www.armyrecognition.com/news/army-news/army-news-2024/france-to-develop-new-ballistic-missile-for-addressing-gaps-in-long-range-strike-capabilities?ref=newsletters.qs.com) missile to enhance long-range strike capabilities. Japan aims to join Australia’s [frigate](https://japannews.yomiuri.co.jp/politics/defense-security/20241128-224940/?ref=newsletters.qs.com) development project, competing with Germany. L3Harris secured a nearly [$1B](https://news.satnews.com/2024/11/26/u-s-navy-awards-l3harris-nearly-1-billion-idiq-contract/?ref=newsletters.qs.com) contract with the U.S. Navy, while Dynetics won $670M to prototype [hypersonic](https://thedefensepost.com/2024/11/28/dynetics-hypersonic-glide-body/?ref=newsletters.qs.com) glide bodies. BAE Systems demonstrated the UK’s first [autonomous](https://www.armyrecognition.com/news/navy-news/2024/uk-1st-autonomous-extra-large-submarine-herne-successfully-demonstrated-by-bae-systems?ref=newsletters.qs.com) extra-large submarine. Raytheon received a $590M contract for Next Generation [Jammer ship](https://www.australiandefence.com.au/news/news/raytheon-awarded-contract-for-australian-ngj-mid-band-ship-sets?ref=newsletters.qs.com) sets. Slingshot Aerospace landed a $13M NOAA deal for its [space traffic](https://www.spacedaily.com/reports/Slingshot%5FAerospace%5Fsecures%5F13M%5FNOAA%5Fcontract%5Ffor%5FSpace%5FTraffic%5FPlatform%5FInterface%5F999.html?ref=newsletters.qs.com) platform. Taiwan's TMYTEK raised $25M and plans an IPO to expand in [satellite](https://www.digitimes.com/news/a20241121VL206/tmytek-satellite-communications-taiwan.html?ref=newsletters.qs.com) communications. **What's new?** *HolonIQ’s new* [*Green Skills Map*](https://www.greenskills.org/?ref=newsletters.qs.com) *and Workforce section reveal industry-wide sustainability skills and jobs, as well as workforce development initiatives, supporting upskilling for a sustainable economy.* *HolonIQ's new* [*skills newsletter*](https://newsletters.qs.com/tag/skills/) *is here! Get updates on emerging skills, workforce shifts, and industry insights across impact sectors.* [*Subscribe*](https://newsletters.qs.com/#) *now to stay ahead.* ## **🛡️** National Defense 🚀 **France to Develop New** [**Ballistic**](https://www.armyrecognition.com/news/army-news/army-news-2024/france-to-develop-new-ballistic-missile-for-addressing-gaps-in-long-range-strike-capabilities?ref=newsletters.qs.com) **Missile.** France announced plans to develop a new ballistic missile to address gaps in its long-range strike capabilities. **🚢 Japan Aims to Join Australian Frigate Development Project.** The Japanese government officially decided that it would seek to participate in the joint development of [new-type frigates](https://japannews.yomiuri.co.jp/politics/defense-security/20241128-224940/?ref=newsletters.qs.com) being planned by the Australian government. Japan is competing with Germany over this multibillion-dollar endeavor. **🤝 Indian Defense Minister to Visit Russia for Frigate Transfer to Indian Navy.** The Indian Defense Minister will visit Russia from December 8-10 for the transfer of a [Project 11356 frigate](https://sputniknews.in/20241126/indian-defence-minister-to-visit-moscow-and-kaliningrad-for-frigate-transfer-8444647.html?ref=newsletters.qs.com) to the Indian Navy. The official transfer ceremony is scheduled for December 26. ## **🚁** Drones **🪖 L3Harris Secures Nearly $1B IDIQ Contract from U.S. Navy.** L3Harris, a defense technology company awarded an indefinite-delivery/indefinite-quantity (IDIQ) contract worth nearly [$1B](https://news.satnews.com/2024/11/26/u-s-navy-awards-l3harris-nearly-1-billion-idiq-contract/?ref=newsletters.qs.com) by the U.S. Navy. **🚀 Dynetics to Build Common Hypersonic Glide Bodies for US Military.** Dynetics (DTS) Awarded $[670M](https://thedefensepost.com/2024/11/28/dynetics-hypersonic-glide-body/?ref=newsletters.qs.com) to support the integration and prototyping of a new common hypersonic glide body for future strike weapons. **🛩️ Germany to Modernize Combat Support Networks with Avilus' Grille Logistics Drone.** Germany plans to modernize its [combat support](https://www.armyrecognition.com/news/army-news/army-news-2024/germany-to-modernize-combat-support-networks-with-avilus-grille-logistics-drone?ref=newsletters.qs.com) networks by incorporating Avilus' Grille logistics drone. ## 🪖 Armored Vehicles **🛳️ UK's First Autonomous Extra-Large Submarine Demonstrated by BAE Systems.** BAE Systems, a British multinational arms company, successfully demonstrated the UK's first [autonomous](https://www.armyrecognition.com/news/navy-news/2024/uk-1st-autonomous-extra-large-submarine-herne-successfully-demonstrated-by-bae-systems?ref=newsletters.qs.com) extra-large submarine called Herne. **⚓ Raytheon Awarded Major Contract for Australian NGJ Mid-Band Ship Sets.** Raytheon awarded a $590M contract to deliver Next Generation Jammer [Mid-Band ship](https://www.australiandefence.com.au/news/news/raytheon-awarded-contract-for-australian-ngj-mid-band-ship-sets?ref=newsletters.qs.com) sets to the US Navy and Royal Australian Air Force. **🛫 Bombardier Enhances the US Army's Aerial Intelligence with Global 6500 Aircraft.** Bombardier, a Canadian aerospace company expanded the [US Army's](https://www.armyrecognition.com/news/aerospace-news/2024/bombardier-global-6500-aircraft-expands-us-army-aerial-intelligence?ref=newsletters.qs.com) aerial intelligence capabilities with its Global 6500 aircraft. ## **🪐** Space Innovation **🌌 Slingshot Aerospace Secures $13M NOAA Contract for Space Traffic Platform.** Slingshot Aerospace, a company specializing in AI-driven satellite tracking and space coordination technologies awarded a [$13.3M](https://www.spacedaily.com/reports/Slingshot%5FAerospace%5Fsecures%5F13M%5FNOAA%5Fcontract%5Ffor%5FSpace%5FTraffic%5FPlatform%5FInterface%5F999.html?ref=newsletters.qs.com) contract by the National Oceanic and Atmospheric Administration (NOAA) for its Space Traffic Platform Interface. **📡 Open Cosmos Secures $36.9M ESA Contract for NanoMagSat Mission.** Open Cosmos and the European Space Agency (ESA) have finalized a $36.9M contract for [NanoMagSat](https://spaceimpulse.com/2024/11/27/open-cosmos-secures-e35m-esa-contract-for-nanomagsat-mission-to-advance-magnetic-field-monitoring/?ref=newsletters.qs.com), an innovative mission under the ESA to advance magnetic field monitoring. **🛰️ Spectrum AMT to Produce Satellites for D-Orbit USA.** Spectrum Advanced Manufacturing Technologies announced an agreement to manufacture [satellites](https://www.spacedaily.com/reports/Spectrum%5Fto%5Fmanufacture%5Fsatellite%5Fcomponents%5Ffor%5FD%5FOrbit%5FUSA%5F999.html?ref=newsletters.qs.com) and components for D-Orbit USA, a space technology company. ## 🛠️ Skills and Workforce *With reskilling and upskilling playing a key role in closing workforce gaps, HolonIQ is now tracking these impactful initiatives shaping the space industry. Read on for this week’s insights, and discover more in HolonIQ's latest* [*Skills newsletter*](https://newsletters.qs.com/tag/skills/)*.* **🌌 The** [**UK space sector**](https://www.adsadvance.co.uk/uk-s-space-sector-expands-faster-than-its-economy.html?ref=newsletters.qs.com) **contributes $22.17B annually and employs over 45,000 people.** M&A activity has surged, driven by government funding, lower launch costs, and emerging technologies like satellite-based quantum key distribution. UK SMEs lead in niche innovations such as propulsion and data analytics, though they face challenges like high investment needs and acquisition risks. Despite a mixed funding landscape, venture capital and corporate interest are rising, with government support continuing through agencies like Innovate UK and the UK Space Agency. 🛰️ **India's Industries Minister inaugurated Raghu Vamsi Aerospace's $35.5M facility at** [**Shamshabad Aerospace Park**](https://www.deccanchronicle.com/southern-states/telangana/raghu-vamsi-aerospace-to-create-1200-jobs-minister-sridhar-babu-1840272?ref=newsletters.qs.com)**, expected to create 1,200 jobs in three years.** The 2-lakh-square-foot plant will fulfill $236M in existing orders, strengthening Telangana’s aerospace and defense prominence. Raghu Vamsi supplies critical components for aircraft like Airbus A320 and Boeing 737 MAX, collaborating with global leaders such as GE Aerospace, Rolls-Royce, and Honeywell, contributing to aviation advancements with precision-engineered parts. [![](https://storage.ghost.io/c/f1/d4/f1d411df-6f49-4c75-a302-f8c9e9f59495/content/images/2024/10/Screenshot-2024-10-25-102758-1.png)](https://www.greenskills.org/?ref=newsletters.qs.com) HolonIQ has launched the [Green Skills Map](http://greenskills.org/?ref=newsletters.qs.com), an open-source framework initiated to catalog, evaluate, and contextualize the components of the rapidly expanding field of green jobs. This comprehensive taxonomy will serve as a resource for understanding the full spectrum and complexity of green skills required across various sectors, thereby enabling a cohesive approach toward achieving net zero and decarbonizing the global economy. Green Skills Map spans 11 areas, 54 sub-areas, and 243 green skills clusters. A snippet of the map covering four areas has been included above. Explore the full map on [greenskills.org](http://greenskills.org/?ref=newsletters.qs.com). ## 💰Space Deals **🧑‍🚀 Taiwan's TMYTEK Aims for IPO After Securing $25M Series B for Satellite Tech.** TMYTEK, a Taiwanese company, secured [$25M](https://www.digitimes.com/news/a20241121VL206/tmytek-satellite-communications-taiwan.html?ref=newsletters.qs.com) in Series B funding and plans to go public next year. It is positioning itself in the satellite communications market. **🛰️ SatVu Secures £10M Funding for Thermal Imaging Satellite Launch.** SatVu, a London-based company secured [$12.5M](https://europeanspaceflight.com/satvu-secures-10m-in-funding-for-its-thermal-imaging-service/?ref=newsletters.qs.com) in funding to accelerate the launch of its HotSat-2 and HotSat-3 thermal imaging satellites. **🤖 BlueHalo Acquires Underwater Robotics Company VideoRay.** BlueHalo, a defense and security company acquired VideoRay, a provider of [underwater](https://www.defensedaily.com/bluehalo-acquires-underwater-robotic-vehicle-developer-videoray/business-financial/?ref=newsletters.qs.com) robotic technologies. These technologies will be integrated into AeroVironment when it completes its acquisition of BlueHalo. --- **Like getting this newsletter?* For unlimited access to over one million charts,*[ *request a demo*](https://webforms.pipedrive.com/f/1uMbIPRqUeVuZ31jVtKWMWIuqU2ga1nKo8aotNdGihU16zgOzuTfRMb9XfIIGmcOT?ref=newsletters.qs.com)*.* --- **Thank you for reading. Have a great week ahead!** Have some feedback or suggestions? Let us know at hello@holoniq.com [ ](https://newsletters.qs.com/psychedelic-mental-health-treatments-south-asia-health-tech-100-2/)