ReportWire

Tag: aerospace

  • Wall Street Zen Downgrades Rocket Lab (NASDAQ:RKLB) to Sell

    [ad_1]

    Rocket Lab (NASDAQ:RKLBGet Free Report) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

    RKLB has been the subject of a number of other research reports. Zacks Research raised Rocket Lab from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Morgan Stanley raised shares of Rocket Lab from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $67.00 to $105.00 in a research report on Friday, January 16th. KeyCorp cut shares of Rocket Lab from an “overweight” rating to a “sector weight” rating in a research note on Thursday, January 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Rocket Lab in a research report on Thursday, January 22nd. Finally, TD Cowen reiterated a “buy” rating on shares of Rocket Lab in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Rocket Lab currently has an average rating of “Moderate Buy” and an average target price of $72.92.

    Read Our Latest Analysis on RKLB

    Rocket Lab Stock Down 6.5%

    Rocket Lab stock opened at $80.07 on Friday. Rocket Lab has a twelve month low of $14.71 and a twelve month high of $99.58. The stock has a market cap of $42.77 billion, a P/E ratio of -210.71 and a beta of 2.16. The company’s 50-day moving average price is $69.91 and its two-hundred day moving average price is $57.51. The company has a quick ratio of 2.83, a current ratio of 3.18 and a debt-to-equity ratio of 0.32.

    Rocket Lab (NASDAQ:RKLBGet Free Report) last posted its earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. The company had revenue of $155.08 million for the quarter, compared to the consensus estimate of $152.45 million. Rocket Lab had a negative return on equity of 27.26% and a negative net margin of 35.64%.The firm’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.10) earnings per share. As a group, analysts expect that Rocket Lab will post -0.38 EPS for the current year.

    Insider Buying and Selling at Rocket Lab

    In other news, Director Merline Saintil sold 96,000 shares of the business’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $86.58, for a total transaction of $8,311,680.00. Following the completion of the transaction, the director owned 292,529 shares of the company’s stock, valued at approximately $25,327,160.82. The trade was a 24.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Arjun Kampani sold 28,615 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $40.65, for a total value of $1,163,199.75. Following the sale, the senior vice president owned 461,014 shares of the company’s stock, valued at approximately $18,740,219.10. This represents a 5.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 4,306,150 shares of company stock valued at $271,865,732. 11.90% of the stock is currently owned by insiders.

    Institutional Inflows and Outflows

    Several institutional investors have recently bought and sold shares of RKLB. Aventura Private Wealth LLC acquired a new stake in shares of Rocket Lab in the 4th quarter valued at approximately $25,000. V Square Quantitative Management LLC bought a new position in Rocket Lab in the 4th quarter valued at approximately $32,000. DecisionPoint Financial LLC boosted its position in Rocket Lab by 91.1% in the fourth quarter. DecisionPoint Financial LLC now owns 472 shares of the rocket manufacturer’s stock valued at $33,000 after buying an additional 225 shares in the last quarter. Asset Dedication LLC bought a new stake in shares of Rocket Lab during the fourth quarter worth $33,000. Finally, Eagle Bay Advisors LLC bought a new stake in shares of Rocket Lab during the fourth quarter worth $35,000. Institutional investors and hedge funds own 71.78% of the company’s stock.

    Rocket Lab News Roundup

    Here are the key news stories impacting Rocket Lab this week:

    • Positive Sentiment: Successful launches: Rocket Lab completed its 81st Electron mission and its second launch in eight days, deploying KAIST’s NEONSAT‑1A — a clear signal of continued commercial and government demand and operational cadence that supports revenue visibility and launch backlog. Mission Success: Rocket Lab Launches Korean Earth-Imaging Satellite
    • Positive Sentiment: Operational momentum: Management highlighted a busy 2026 launch cadence (commercial, government, national security and hypersonics), reinforcing the company’s positioning as a frequent small‑sat launcher and potential revenue growth from recurring missions. Rocket Lab Successfully Launches 81st Electron Rocket for KAIST
    • Neutral Sentiment: Options/volatility interest: Several recent articles outline bullish options strategies (bull put spreads, other plays) that indicate elevated implied volatility and traders positioning for large moves — this increases short‑term trading activity even if it doesn’t change fundamentals. Rocket Lab Stock: This Options Play Takes Advantage Of Higher Gains
    • Neutral Sentiment: Market backdrop: Broad market volatility (Fed chair news, hotter inflation) is pressuring growth/high‑beta names; some coverage frames RKLB’s pullback as a sell‑the‑news reaction rather than a change to long‑term thesis. MarketBeat Week in Review – 01/26 – 01/30
    • Negative Sentiment: Analyst downgrade / bearish trade idea: A Seeking Alpha piece recommends avoiding outright buys and instead selling puts (rating downgrade), which can amplify downside pressure by encouraging cautious positioning and reducing demand for shares. Don’t Buy Rocket Lab, Sell Puts Instead (Rating Downgrade)
    • Negative Sentiment: Insider selling and past technical shock: Public data referenced in recent coverage shows heavy insider sales over the past six months, and the stock still bears the scar from the prior Neutron test failure — both factors weigh on investor confidence and can exacerbate short‑term declines. Insider activity & company notes (Quiver summary)

    About Rocket Lab

    (Get Free Report)

    Rocket Lab is an aerospace company that provides launch services, spacecraft, and space systems for commercial and government customers. The company’s primary launch vehicle is Electron, a small-lift orbital rocket designed to deploy small satellites and rideshare payloads to low Earth orbit. Rocket Lab also develops and manufactures the Rutherford engine, noted for its electric-pump-fed design and additive-manufactured components, which powers Electron and supports the company’s propulsion capabilities.

    Recommended Stories

    Analyst Recommendations for Rocket Lab (NASDAQ:RKLB)



    Receive News & Ratings for Rocket Lab Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Rocket Lab and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Rocket maker receives largest single job incentive award in Colorado history

    [ad_1]

    The Colorado Economic Development Commission on Thursday approved its largest single incentive awards ever, extending $35.2 million in state tax credits to a rapidly growing developer and producer of solid rocket motors and hypersonic propulsion systems, matching the description of a company called Ursa Major.

    In line with the practice of cloaking the names of applicants, the award was made to Project Ladybug. The Job Growth Incentive Tax Credits are conditioned on the unnamed company creating up to 1,850 jobs at an average annual wage of $128,108 over the next eight years.

    Project Ladybug is a local aerospace company with 311 employees, including 255 in Colorado, which matches the headcount of Berthoud-based Ursa Major. The company told the state it was considering expanding in Mississippi, California and Ohio, a state where Ursa Major has a manufacturing plant. It appears the company will locate its expanded headquarters in Broomfield County.

    The most telling clue is that the company in question received an Advanced Industries program award of $250,000 in 2017 from the state. That matches Ursa Major to a T.

    Ursa Major raised $100 million in equity and $50 million in debt commitments in a Series E round that closed on Nov. 18, and now has an estimated value of $1.5 billion to $2 billion, according to CB Insights. That would make it a “unicorn” like SpaceX, just a lot smaller. The company has also disclosed that it has secured $115 million in contracts this year from commercial and defense industry customers.

    Among the jobs it expects to add are roles in human resources, legal, finance, IT, market and compliance, as well as in production and research and development. Ursa Major broke ground on a new 400-acre solid rocket motor test site in Weld County on Sept. 10. That facility will allow it to design, build and test large solid rocket motor systems more efficiently.

    “This facility represents a major step forward in our ability to deliver qualified SRMs that are scalable, flexible, and ready to meet the evolving threat environment,” said Dan Jablonsky, CEO of Ursa Major, in a release. “It’s a clear demonstration of our commitment and ability to rapidly advance and expand the American-made solid rocket motor industrial base that the country needs, ensuring warfighters will have the quality and quantity of SRMs needed to meet mission demands.”

    The company is also making advances in liquid engine designs for hypersonic missiles, an emerging weapons system where the U.S. lags China and Russia. Those faster missiles can evade defense systems more easily and hit their targets more quickly, which is why the Department of Defense is pushing hard to close the gap.

    Ursa Major’s Hadley H13 engine has been tested at sustained Mach 5+ hypersonic speeds and the company is also developing the Draper, a storable liquid engine with hypersonic applications.

    Joe Laurienti, a former engineer at Blue Origin and SpaceX, founded Ursa Major Technologies in 2015. The company has grown to be an important player in the Front Range’s push to be recognized as “Aerospace Alley” or the next Silicon Valley of defense and aerospace.

    [ad_2]

    Aldo Svaldi

    Source link

  • The Outspoken CEO Behind the World’s Fastest-Growing Arms Maker

    [ad_1]

    Earlier this year, Armin Papperger opened a new factory that will allow his company to produce more of an essential caliber of artillery shell than the entire U.S. defense industry combined. 

    Surrounded that day by dignitaries, including the head of the North Atlantic Treaty Organization, the Rheinmetall RHM -2.21%decrease; red down pointing triangle chief executive was riding a wave of post-Cold War military spending that is reshaping the global arms trade.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    [ad_2]

    Alistair MacDonald

    Source link

  • Rheinmetall Turns to Former Auto Workers to Fuel Hiring Spree

    [ad_1]

    Germany’s largest arms manufacturer, Rheinmetall RHM -3.85%decrease; red down pointing triangle, expects its sales will be five times as much as they were last year by the end of the decade. A big factor underpinning its confidence—it is being flooded by job applications.

    The company is now looking to draw from a pool of workers laid off by the car industry and other big employers to fill the roles needed for its expansion plans, its head of human resources operations said.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    [ad_2]

    Cristina Gallardo

    Source link

  • Opinion | Trump Says Arms Are Going to Taiwan

    [ad_1]

    One of the biggest questions in global affairs is whether President Trump is chasing a grand bargain with Beijing’s Xi Jinping—and at what cost to the United States. So it’s good news that the Administration is showing that America won’t be bullied from defending its Pacific interests, with an arms sale to our friends in Taiwan.

    The Defense Security Cooperation Agency has notified Congress of a $330 million potential arms sale for the island democracy. Items include spare parts for fighter jets and transport aircraft, as well as U.S. technical and logistics support. But more important than the details is that this marks the Administration’s first sale to Taiwan in Mr. Trump’s second term. Rumors had spread this year that Mr. Trump was withholding arms for Taiwan as he wooed Mr. Xi on a trade deal.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    [ad_2]

    The Editorial Board

    Source link

  • Dassault Aviation Rises After Ukraine Agrees to Buy 100 Rafale Fighter Jets

    [ad_1]

    Ukraine agreed to buy 100 Rafale fighter jets as part of a larger military equipment deal that triggered a jump in the share price of the French aerospace and defense manufacturer Dassault Aviation AM 7.44%increase; green up pointing triangle.

    Ukrainian President Volodymyr Zelensky said Monday that he had signed a letter of intent to acquire 100 Rafale F4 fighter jets by 2035, SAMP/T air defense systems, radars, air-to-air-missiles and aerial bombs from France.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    [ad_2]

    Cristina Gallardo

    Source link

  • The Gaza War Has Been Big Business for U.S. Companies

    [ad_1]

    Two years on, Israel’s war in Gaza might be finally drawing to a close. The conflict built an unprecedented arms pipeline from the U.S. to Israel that continues to flow, generating substantial business for big U.S. companies—including Boeing, Northrop Grumman and Caterpillar.

    Sales of U.S. weapons to Israel have surged since October 2023, with Washington approving more than $32 billion in armaments, ammunition and other equipment to the Israeli military over that time, according to a Wall Street Journal analysis of State Department disclosures.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    [ad_2]

    Benoit Faucon

    Source link

  • Opinion | The Brains Behind Ukraine’s Pink Flamingo Cruise Missile

    [ad_1]

    Kyiv, Ukraine

    If politics makes strange bedfellows, war sometimes makes strange career paths. In her 20s, Iryna Terekh was a “very artsy” architect who viewed the arms industry as “something destructive.” Now Ms. Terekh, 33, is chief technical officer and the public face of Fire Point, a Ukrainian defense company. She and her team developed the Flamingo, a long-range cruise missile that President Volodymyr Zelensky has called “our most successful missile.”

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    [ad_2]

    Jillian Kay Melchior

    Source link

  • New Aircraft Carrier Advances China’s Naval Power

    [ad_1]

    Leader Xi Jinping marked a step in his mission to modernize the nation’s military.

    [ad_2]

    Chun Han Wong

    Source link

  • Rheinmetall Joint Venture Invests $577 Million to Produce Propellant Powder in Romania

    [ad_1]

    Rheinmetall RHM 2.85%increase; green up pointing triangle and Pirochim Victoria said they will invest over 500 million euros ($576.9 million) in a new propellant powder plant in Romania.

    The German arms maker and the Romanian defense company signed a deal Monday to form a joint venture, with Rheinmetall holding 51% and Pirochim owning the remainder, Rheinmetall said.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    [ad_2]

    Cristina Gallardo

    Source link

  • Why North Korea Has Scaled Back Its Missile Tests This Year

    [ad_1]

    SEOUL—Kim Jong Un is growing his nuclear arsenal but curbing his missile tests.

    The 41-year-old dictator has sharply reduced the number of missile tests but signaled a more confident era for North Korea. Now an increasingly prominent actor alongside Russia and China, Pyongyang’s focus is on solidifying its nuclear status, shifting away from seeking global attention with a flurry of missile launches.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    [ad_2]

    Dasl Yoon

    Source link

  • Drone Threats Ignite Burst of Counterdrone Wizardry

    [ad_1]

    Startups from Silicon Valley to Europe and beyond are racing to develop cheap, reliable systems to counter hostile drones.

    [ad_2]

    Bertrand Benoit

    Source link

  • Ukraine Wants Tomahawks. Trump Has to Decide if They Would Help End the War.

    [ad_1]

    WASHINGTON—The Tomahawk cruise missile that President Trump is considering for Ukraine has been the weapon of choice for decades for U.S. presidents seeking decisive military solutions.

    A highly accurate missile with a powerful warhead that can fly more than 1,000 miles, the Tomahawk can reach targets inside Russia far beyond any of the weapons the U.S. has provided to Kyiv until now. 

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    [ad_2]

    Michael R. Gordon

    Source link

  • Can Shotguns, Spy Planes and Lasers Protect Europe From the Next Drone Incursion?

    [ad_1]

    WYRYKI, Poland—After suspected Russian drones violated NATO airspace in recent weeks, closing airports and rattling citizens, European militaries and governments find themselves in a new era of conflict with an urgent need to bolster their defenses.

    Allied countries are caught between having to develop long-term solutions to address Russia’s continuing hybrid threats, and a more immediate need to help civilians prepare for the next potential wave of drones. The solutions span from multilayered air-defense systems to civilian target practice against drones.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    [ad_2]

    Sune Engel Rasmussen

    Source link

  • Four Things to Know About Beijing’s Rare-Earths Bombshell

    [ad_1]

    Ahead of a potential meeting between President Trump and Chinese leader Xi Jinping, Beijing dropped a bombshell: China was further restricting access to the supplies that American companies need for computer chips, cars and other technology. The move gives China leverage ahead of expected trade talks with Washington.

    Here’s what to know.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    [ad_2]

    Stu Woo

    Source link

  • Opinion | Ukraine at the Rubicon

    [ad_1]

    An elite Russian unit is escalating its use of drones in Donetsk, forcing the defenders to innovate.

    [ad_2]

    Jillian Kay Melchior

    Source link

  • Russia’s Ambitious Plans in Africa Are Unraveling

    [ad_1]

    Russia, not long ago a rising military force in Africa, is now struggling to maintain its footprint on the continent.

    The Kremlin’s new official guns-for-hire military force, the Africa Corps, has failed to replicate the financial success and political sway once held by Russia’s private Wagner Group mercenary outfit. And some of Wagner’s own African ventures have unraveled since 2023 when its founder, Yevgeny Prigozhin, rebelled against President Vladimir Putin and then died when an explosive device blew the wing off his plane at 28,000 feet. 

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    [ad_2]

    Benoit Faucon

    Source link

  • a.i. solutions and Coorbital Inc. Validate First-Ever “Tulip-Shaped” Cislunar Orbits

    [ad_1]

    FreeFlyer® modeling confirms feasibility of new orbit families offering persistent lunar access for surveillance, navigation and communication.

    a.i. solutions, a leading provider of mission-critical aerospace engineering services and software, and Coorbital Inc., an emerging startup specializing in cislunar astrodynamics, announced the successful modeling and validation of a newly discovered family of “tulip-shaped” orbits, a first in the field of cislunar astrodynamics. This innovative research, originally developed by Dr. Darin Koblick in collaboration with Texas A&M University, was modeled and verified using a.i. solutions’ FreeFlyer® astrodynamics software.

    Recently published in the Journal of Astronautical Sciences, these orbit families, characterized by their distinctive multi-lobed, flower-like geometry, were introduced as “tulip-shaped orbits.” They leverage the gravitational interplay between Earth and the Moon to enable mission profiles previously considered infeasible. Unlike traditional NRHOs or Distant Retrograde Orbits, tulip-shaped orbits enable sidereal resonant coverage with more flexible geometry and lower ΔV demands, offering broad utility for lunar surveillance, communications, navigation and space domain awareness.

    “Working with Coorbital Inc., we used FreeFlyer to validate the performance and station-keeping feasibility of tulip-shaped orbits,” said Dr. Brian McCarthy, senior astrodynamicist at a.i. solutions supporting the NASA Gateway Program. “These orbits offer persistent lunar coverage with minimal ΔV and have real potential to support both commercial and government cislunar operations.”

    This work aligns with key national priorities to advance lunar exploration and space surveillance capabilities. It supports efforts such as the U.S. Air Force Research Laboratory’s Oracle family, the U.S. Space Force’s Golden Dome, and NASA’s LunaNet architecture. “We have a great deal to learn when it comes to operating, navigating and communicating from cislunar space,” said Col. Jeremy Raley, Director of the AFRL Space Vehicles Directorate.

    Employing a novel station-keeping control strategy, Koblick and McCarthy successfully maintained all fourteen families of sidereal resonant tulip-shaped orbits with mean annual ΔV costs between 6-15 m/s, well within operational feasibility for current and future spacecraft.

    “This represents a major advancement in astrodynamics research and underscores the value of industry collaboration in advancing both government and commercial space exploration and security missions,” said Koblick. The successful validation of tulip-shaped orbits sets the stage for a near-term demonstration mission, an opportunity to test and confirm their operational advantages. With continued collaboration and real-world testing, tulip-shaped orbits could soon play a foundational role in building secure, scalable infrastructure across the Earth-Moon system.

    About a.i. solutions Inc.
    a.i. solutions is a leading aerospace engineering firm providing mission-critical software, engineering services, and operational support to civilian, commercial, and national security space missions. With a history spanning over two decades, the company is committed to delivering reliable solutions that ensure mission success. Learn more at http://www.ai-solutions.com.

    About Coorbital Inc.
    Coorbital Inc. is a Los Angeles based aerospace startup pioneering next-generation space and missile defense technologies. The company develops advanced solutions for ISR, SDA, hypersonic threats, and interplanetary missions. With a focus on innovation and national security, Coorbital is helping shape the future of defense and space exploration. Learn more at http://www.coorbital.com.

    Contact Information

    Doug Stewart
    Vice President of Strategic Marketing, Appleton
    doug@appletoncreative.com
    407-246-0092 ext. 1

    Darin Koblick, PhD
    Coorbital, Inc.
    darin@coorbital.com

    Source: a.i. solutions

    Related Media

    [ad_2]

    Source link

  • a.i. solutions Awarded Multiple OASIS+ Contracts

    [ad_1]

    a.i. solutions is proud to announce that it has been awarded both the Small Business and Unrestricted One Acquisition Solution for Integrated Services Plus (OASIS+) contracts. a.i. solutions is a small business contractor in the Research and Development (R&D) Domain and an Unrestricted contractor in both the R&D and Technical and Engineering Domains.

    OASIS+ is a collection of multiple-award, Indefinite Delivery, Indefinite Quantity (IDIQ) contracts. The contract base period is five years with one option period of five years that may extend the cumulative contract ordering period to 10 years. Task orders can be awarded under OASIS+ at any time prior to the expiration of the ordering period of the master contracts. OASIS+ contracts may be used by all federal agencies, including the Department of Defense (DoD) and Federally Funded Research and Development Centers (FFRDCs), but are not open to state and local governments at this time.

    “We are excited to win both OASIS+ contracts, showcasing the commitment, hard work and expertise of our team,” said Bob Sperling, president and CEO of a.i. solutions. “We are committed to providing continued excellent support for our customers through this contract vehicle.”

    As an OASIS+ contract holder, a.i. solutions will continue to support its customers by providing flexible and innovative solutions that meet, and usually exceed, expectations. For more information on a.i. solutions’ OASIS+ Contracts, click below.

    a.i. solutions OASIS+ Contracts

    About a.i. solutions, Inc.

    Founded in 1996, a.i. solutions is a provider of innovative mission-critical products and engineering services that enable uninterrupted and reliable access to space. a.i. solutions’ services and products provide solutions that span space mission engineering, missile defense systems assurance, launch services, emergency management, and space software applications including the powerful FreeFlyer® astrodynamics software. For additional information, please visit ai-solutions.com and @ai_sol on Twitter.

    About OASIS+

    OASIS+ is a multiple award IDIQ contract that covers many areas of expertise and multiple professional services disciplines. For additional information on the OASIS+ program, visit https://www.gsa.gov.

    Media Contact

    Douglas Stewart
    Phone: 407-246-0092 ext. 1
    Email: doug@appletoncreative.com

    Source: a.i. solutions

    [ad_2]

    Source link

  • Skyway and DART Launch Strategic Partnership to Further Vertiport Network Development Throughout California

    [ad_1]

    Skyway, a California-based vertiport development and operations company, has partnered strategically with the Drones, Automation & Robotics Technology (DART) organization to accelerate advanced air mobility (AAM) solutions throughout California.

    This partnership with DART, established in the Monterey Bay Tri-county Region and home to some of the leading eVTOL manufacturers, highlights a shared mission to bring investment, innovation, and economic opportunity to urban and rural communities alike. Building on DART’s 2024 AAM Readiness Assessment and leveraging Skyways’ expertise in fiscal feasibility and operational modeling, the first phase of this multi-phase collaboration will develop a vision for regional air mobility operations centered in the Monterey Bay, extending to the Bay Area, Central Valley, and throughout the state.

    A vertiport network feasibility analysis will help inform ongoing transportation and economic development planning, supporting the growth of innovative companies, high-wage jobs, and improved mobility and disaster response capabilities.

    “DART’s expertise in catalyzing regional workforce development and infrastructure solutions, combined with Skyway’s innovative approach to vertiport operations, will create a blueprint for cities and regions across California,” said Clifford Cruz, Skyway CEO. “Together, we’re not just imagining the future-we’re building it.”

    By integrating advanced air mobility into both urban and rural areas, the collaboration aims to create accessible pathways for jobs and economic growth. From workforce training to infrastructure expansion, the Skyway-DART partnership is focused on ensuring that all communities-from the Monterey Bay Tri-county Region to the rest of the state-can benefit from these emerging industries.

    Skyway and DART are uniquely positioned to act as facilitators between key stakeholders, including government agencies, private developers, community-based organizations, and academic institutions. This collaboration fosters an environment of cooperation and shared vision, ensuring that the industry grows with input from all critical players. The partnership also highlights the need for a robust ecosystem of industry participants to meet the growing demands of advanced air mobility.

    Skyway’s leadership at the forefront of urban air mobility will be highlighted at the upcoming LIFT Summit in March 2025. The event will serve as a platform to share the progress of the Skyway-DART partnership and discuss use cases, safety advancements, and infrastructure development strategies.

    “The Summit provides an opportunity to showcase how partnerships like ours are turning bold visions into actionable plans,” said Josh Metz, DART Executive Director. “We’re proud to be working with Skyway to lead the charge in accessible and innovative transportation.”

    About Skyway

    Skyway is revolutionizing urban air mobility by equipping airlines, eVTOL manufacturers, and developers with cutting-edge vertiport solutions. Skyway partners with regulators and tech providers in advanced vertiport traffic management and unmanned airspace planning. Learn more at www.goskyway.com.

    About Lift Summit & DART

    DART is a California-based non-profit driving innovation in next-gen aviation and autonomous technology. Focused on equitable access to quality jobs and economic growth, DART partners with businesses, government, and education to develop sustainable solutions in workforce training, infrastructure, and resource access. Learn more at https://mbdart.org/.

    Source: Skyway Technologies Corp.

    [ad_2]

    Source link