Browsing: Aerospace

Aug 27 (Reuters) – German rocket startup Isar Aerospace has secured about 200 million euros ($233 million) from the European Space Agency (ESA) under a programme aimed at boosting Europe’s launch industry, the company said on Thursday.

XTI Aerospace, Inc. reported that it cannot file its Quarterly Report on Form 10-Q for the period ended June 30, 2026 on time without unreasonable effort or expense. The delay is due to an internal review concerning the company’s former Chief Executive Officer, who resigned on August 17, 2026, and related corporate governance matters. The…

This is a paid press release. Contact the press release distributor directly with any inquiries.

With a long history of aerospace innovation, Sweden’s new generation of startups is helping to expand the country’s role in the industry. Traditionally, established companies have focused on aircraft production, defence and space hardware, but new Swedish startups are now exploring electric aviation, satellite communications, Earth observation, propulsion, autonomous systems and space infrastructure.

Cambridge Aerospace has raised $300 million in Series C funding at a $3.4 billion valuation in a financing round announced today. DFJ Growth led the round with support from Lux, Accel, Lakestar, Never Lift, and others in the latest financing deal today.

Each week, CDO Magazine curates a high-level overview of executive appointments and leadership transitions shaping the global data, AI, and analytics ecosystem. This roundup offers a quick-read snapshot of how leadership talent is transitioning across organizations as they evolve data and AI strategies to support digital transformation, data management, enterprise innovation, security, and AI-driven decision-making.

GE Aerospace has appointed Anton Groom Chief Data & AI Officer.  Before joining GE Aerospace, Groom served as Chief AI Officer at Merck, where he helped the company embrace the transformative potential of AI.