Important Innovations

  Wisk Aero's   4-Seat Air Taxi Going After FAA Certification                                             Source:  Wisk Aero New Form of Urban Commuting Mountain View, California-based Wisk Aero, which is financially backed by Boeing, just unveiled its 6th generation, 4-seat, autonomous air taxi.  The eVTOL is all-electric and a very sleek and smart new way to travel.  This is the design that the aerospace startup company intends to put into production and bring to market.  Wisk Aero is now seeking its FAA certification to fly passengers, along with certifications in New Zealand and elsewhere.  The company has performed more than 1600 test flights with its new air taxi.  It is clearly getting ready for take-off. Unique Autonomous Flying with Remote Human Backup The technology underpinning Wisk is highly advanced....

United Technologies and Raytheon Merger Source:  Raytheon Aerospace Creates a $160 Billion Defense & Aerospace Giant In a blockbuster announcement, United Technologies, with a market value of $114 billion and Raytheon, with a market value of $52 billion, have agreed to merge their aerospace and defense businesses.  That creates an industry leader valued at $160 billion.  The new company will be called Raytheon Technologies Corporation.  The companies anticipate annual cost savings a $1 billion. Merger of Equals The companies term this a "merger of equals".  It's an all stock deal.  The companies  say that by joining forces they have "unsurpassed technology and expanded R&D capabilities" to deliver innovation.  They add the merger will "deliver cost and revenue synergies". There was some speculation that the two New England based companies were talking, but Sunday's announcement that the two global aerospace businesses are mergi...