Latest news with #propulsion
CBS News
2 days ago
- Business
- CBS News
Sharrow Engineering building new manufacturing facility in Metro Detroit
Sharrow Engineering and its marine division, Sharrow Marine, have announced a major expansion with a new manufacturing facility in Metro Detroit. Production at the new 60,000-square-foot facility is expected to start in September, and be fully operational by December. The site is at the Eastland Commerce Center industrial complex in Harper Woods, on the site of the former Eastland Center mall. The company said the development will more than triple its production capacity, allowing Sharrow to meet demand within the performance, commercial and defense marine markets of up to 2,000 units a month for its Sharrow Propeller. The manufacturing development complements the company's recent relocation of its headquarters to Michigan Central; and is another step toward Sharrow's commitment to the Detroit area. The company says it is "actively hiring" skilled workers, engineers and technicians in support of the expansion. "This expansion is a powerful statement about the future of propulsion technology and American manufacturing," said Greg Sharrow, Founder and CEO of Sharrow Engineering. "We're proud to grow our footprint in Detroit and continue building the most advanced propellers the world has ever seen."
Forbes
5 days ago
- Business
- Forbes
Six Lessons Learned From Launching A Space Company From A Laundry Room
Ashi Dissanayake is CEO and Co-Founder of Spaceium. Most people assume launching a space company requires hundreds of millions in funding, massive infrastructure and a team of aerospace veterans. We started ours with an idea and a washer-dryer combo. That is not a metaphor. In the earliest days of Spaceium, we were living in a small apartment to save money. I worked from the floor with my dog's bed as a table and my cofounder Reza took calls from the laundry room, with his legs tucked into the dryer to dampen the echo. Neither of us came from business backgrounds. We were engineers. All we knew was how to build things. Even basic startup terms, such as SAFE (simple agreement for future equity), were new to us. So when we decided to create a company, we had to learn everything from scratch. We had to figure out how to raise money, how to talk to investors and how to build something the market actually wanted. But we knew there was a real problem to solve. We had experienced it firsthand. The Problem No One Was Solving Before launching our startup, we worked on rockets and propulsion systems. One of the persistent challenges we ran into was getting enough power and efficiency from propulsion systems to carry meaningful payloads. We quickly realized that propulsion was a technical bottleneck and an industry-wide constraint. We started talking to other space companies and asking questions. The more we listened, the more it became clear. Space missions were limited by fuel. Refueling infrastructure in orbit simply did not exist. It was, quite literally, a universal problem. So we began building for that need. At the time, refueling was not a priority in the industry. We had to explain what it was and why it mattered. Now, a few years later, customers come to us asking for fuel. That is how fast the industry has evolved and how urgent the problem has become. Lesson One: Move Fast And Fail Faster If you are building something in a completely new frontier, such as in-space refueling, there is no roadmap. You have to build the plane as you fly it. For us, that meant moving quickly and being willing to get things wrong. The best way we have found to accelerate learning is by failing more frequently—not recklessly but intentionally. If we can fail 10 times in a month, we gain 10 opportunities to learn. That's 10 cycles of iteration. A team that fails once a month learns far less. Especially in a sector like ours, where much of what we are doing has not been done before, the speed of learning is everything. Lesson Two: Scrappiness Beats Scale Thanks to advances in off-the-shelf components, shorter-duration mission architectures and affordable testing capabilities, you can get pretty far on a lean budget if you are scrappy. In the past, satellites had to last 15 years. Now, some are designed to last a few months, which brings down capital intensity dramatically. That changes who can play in the space economy. It is not crazy anymore to imagine someone launching a space startup from their garage. It is actually happening. Lesson Three: Listen to Customers (Even When Investors Aren't) When we first tried to raise funding, we were told repeatedly that we would fail. Investors said no one would buy fuel in space. But after every no, we would hop on a call with a potential customer and hear the opposite. One potential customer even asked us for 10 metric tons. The contrast was jarring. However, it taught us a crucial lesson. You need to trust the market, not just the money. Investors come around when customers are already in line. And that is exactly what happened to us. After many rejections, we ultimately closed an oversubscribed seed round with some of the best investors in Silicon Valley. By that time, we had customers lined up for future missions. We built our entire infrastructure based on real conversations with customers. And those conversations did not stop after the first discovery call. We spent hours with them getting beneath the surface, understanding what would make them buy, what their pain points were and what criteria mattered most. Sometimes they didn't even know what they needed until we asked the right questions. Lesson Four: Push Through the Doubt Of course, there were moments of doubt. When you send 100 emails and no one replies, it's hard not to wonder if you are wasting your time. But even the smallest glimmer of interest kept us going. One customer saying 'maybe' was enough. We told ourselves that if there is even one person who needs this, we're going to build it. That became our North Star. We weren't trying to prove ourselves to investors or compete on hype. We just wanted to solve a real problem for real customers. And when you orient around customer need, everything gets simpler. Not easier but simpler. You stop chasing the spotlight and start building what people want to buy. Lesson Five: Be Part Of Positive Change Space is no longer just about moonshots and Mars dreams. There is a thriving ecosystem of startups tackling real-world challenges closer to Earth. From space-based manufacturing to in-orbit servicing and satellite refueling, the infrastructure is starting to catch up to the ambitions. The number of satellites being launched is growing rapidly. Most of those satellites exist to serve Earth-based values such as climate data, wildfire detection and connectivity. That is creating an entire downstream chain of launches, servicing, repositioning and refueling. We are part of the ecosystem to support that chain. One of the things I love about this industry is the spirit of collaboration. Most companies in the space sector are trying to help each other. That is the only way the ecosystem grows. Lesson Six: Keep Going If there is one message I'd like to share with other early-stage founders, especially those building in hard tech, it is this: Talk to your customers more than you think you should. There is no magic answer to fundraising, product-market fit or momentum. Everything starts with deeply understanding the problem you're solving and who you are solving it for. If you do that, the rest (funding, hiring and scaling) gets easier. Also, do not underestimate what you can build with limited resources. Stay scrappy. Stay curious. Move fast. Get it wrong. Get it right. Repeat. I'm not saying you should work out of a laundry room. But that did work for us. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?
National Post
6 days ago
- Business
- National Post
BWXT Announces $2.6 Billion in Contracts for Naval Nuclear Reactor Components
Article content Article content LYNCHBURG, Va. — BWX Technologies, Inc. (NYSE: BWXT) announced today the award of U.S. Naval Nuclear Propulsion Program contracts totaling approximately $2.6 billion, including future year options, for manufacturing naval nuclear reactor components. The contracts primarily support Virginia and Columbia-class submarines as well as some work for certain Ford-class aircraft carrier components. Products contracted with these awards will be delivered during the next six to eight years. Article content 'The BWXT team is proud to produce this essential hardware that allows the U.S. Navy to carry out its critical national security mission,' said Gary Camper, BWXT's Nuclear Operations Group president. 'That commitment to quality is the legacy that comes from our more than 70 years of service to the Navy.' Article content A naval nuclear reactor is a highly complex assembly requiring several large, heavy components, numerous smaller, finely machined components, and highly enriched uranium fuel. BWXT manufactures and assembles these parts into a naval nuclear reactor. BWXT facilities in Ohio, Indiana, Tennessee and Virginia contribute to the process. Article content These contracts build on the $2.1 billion in awards announced in February. Article content Forward-Looking Statements Article content BWXT cautions that this release contains forward-looking statements, including statements relating to the performance, timing, impact and value, to the extent contract value can be viewed as an indicator of future revenues, of the contracts for the manufacture of naval nuclear reactor components. These forward-looking statements involve a number of risks and uncertainties, including, among other things, modification or termination of the contracts, funding of current and future work and delays in performance. If one or more of these or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, please see BWXT's annual report on Form 10-K for the year ended December 31, 2024, and subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. BWXT cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law. Article content About BWXT Article content At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. A U.S.-based company, BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine and space exploration. With nearly 10,000 employees, BWXT and its affiliated companies have 20 major operating sites in the U.S., Canada and the U.K. BWXT and its industry partners support the U.S. Department of Energy and National Nuclear Security Administration across more than a dozen major contracts in North America. For more information, visit Article content , Article content X Article content , Article content Facebook Article content and Article content Instagram Article content . Article content Article content Article content Article content Article content Contacts Article content Media Contact Article content Article content John Dobken Article content Article content Senior Manager, Media & Public Relations Article content Article content 202.428.6913 Article content jcdobken@ Article content Investor Contact Article content Article content Chase Jacobson Article content Article content Article content
Yahoo
24-06-2025
- Automotive
- Yahoo
UAV (Drone) Propulsion Market worth $11.3 billion by 2030 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., June 24, 2025 /PRNewswire/ -- The UAV (drone) propulsion market is estimated to be USD 7.0 billion in 2025. It is projected to reach USD 11.3 billion by 2030, at a CAGR of 10.0% during the forecast period according to a new report by MarketsandMarkets™. The UAV (drone) propulsion market is witnessing strong growth globally, fueled by the rising adoption of drones across defense, commercial, and civil sectors. As UAV applications expand from surveillance and logistics to agriculture and urban mobility, there is a growing demand for advanced propulsion systems that offer greater efficiency, endurance, and reliability. Technological advancements in electric, hybrid, and fuel-based propulsion units, miniaturization, and improved energy density transform performance capabilities across UAV classes. This market growth is further supported by increasing defense investments, supportive regulatory frameworks, and the surge in demand for autonomous aerial operations. Download PDF Brochure: Browse in-depth TOC on "UAV (Drone) Propulsion Market" 300 – Tables65 – Figures400 – Pages UAV (Drone) Propulsion Market Report Scope: Report Coverage Details Market Revenue in 2025 $ 7.0 billion Estimated Value by 2030 $ 11.3 billion Growth Rate Poised to grow at a CAGR of 10.0% Market Size Available for 2020–2030 Forecast Period 2025–2030 Forecast Units Value (USD Million/Billion) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered By Component, Technology, MTOW, Platform and Region Geographies Covered North America, Europe, Asia Pacific, and Rest of World Key Market Challenge Infrastructural constraints in low-resource areas Key Market Opportunities Increasing deployment of UAV swarms and microdrones in defense and rescue operations Key Market Drivers Rising application of commercial drones By component, the IC Engine segment is projected to account for the largest share during the forecast period. By component, the IC Engine segment is projected to account for the largest share of the UAV (drone) propulsion market during the forecast period. The segment's dominance is largely because of the power requirements of the medium and large UAVs in defense and commercial uses. IC engines provide better range, increased thrust, and more payload capacity than electric propulsion, leading to the use of IC engine-powered UAVs in long-endurance surveillance drones, cargo drones, and UCAVs. Additionally, the widespread availability of the existing global fuel supply and maintenance infrastructure further enhances the extensive use of IC engine-powered UAVs for defense, homeland security, and far-flung industrial uses. Developments in lightweight materials, direct fuel injection, and thermal efficiency have helped these engines achieve more stringent emission standards while maintaining better performance-to-weight ratios. By MTOW, the 2–25 kg segment is projected to account for the largest share during the forecast period. By MTOW, the 2–25kg segment is projected to account for the largest share in the UAV (drone) propulsion market during the forecast period. The segment's growth is primarily due to the surge in demand for small to medium-sized drones used across various commercial, civil, and security applications. The compact size of these drones facilitates effective electric propulsion system integration while preserving cost-effectiveness, low maintenance, and easy regulatory compliance. The explosive proliferation of enterprise drone programs and government deployments of municipal services, police forces, and environmental monitoring units further drive the growth of this segment. The segment is also gaining from increasing innovation in modular propulsion units, battery energy density improvements, and the adoption of AI-based flight control systems. Inquiry Before Buying: North America is projected to account for the largest share during the forecast period. North America is projected to lead the UAV (drone) propulsion industry during the forecast period. The region's growth is driven by its strong defense infrastructure, heavy R&D expenditure, and the dominant presence of leading UAV and propulsion system companies. Additionally, the increasing use of drones generates high demand for sophisticated propulsion systems ranging from internal combustion engines and gas turbines to electric and hybrid-electric propulsion units. The region is witnessing the growing use of drones in delivery services, agriculture, infrastructure inspection, and emergency services, all needing reliable and efficient propulsion systems. Major players in UAV (drone) propulsion companies such as DJI (China), RTX (US), Honeywell International Inc. (US), Rolls-Royce plc (UK), General Electric Company (US), T-motor (China), BRP-Rotax GmbH & Co KG (Austria), Maxon (Germany), General Atomics(US), Epsilor-Electric Fuel Ltd.(Israel), RRC Power Solutions (Germany), EaglePicher Technologies (US), Hobbywing Technology CO., LTD, Yuneec-ATL Drone, and Shenzhen Grepow Battery Co., Ltd. (China). Get 10% Free Customization on this Report: Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting Related Reports: Small Drones Market by Application (Combat, ISR, Inspection, Survey & Mapping, Agriculture, Delivery, Search & Rescue), Platform (Nano, Micro, Mini), Type (Fixed Wing VTOL, Multi Rotor, Hybrid), Mode of Operation, Power Source, and Region – Global Forecast to 2030 Military Drone Market by Platform (Small, Tactical, Strategic), Type (Fixed Wing, Rotary Wing, Hybrid), Application (UCAVs, ISR, Delivery), Propulsion (Fuel Powered & Battery Powered), MTOW, Operation Mode, Launching Mode & Region Global Forecast to 2030 Unmanned Systems Market by Type (Unmanned Aerial Vehicle, Unmanned Marine Vehicle, Unmanned Ground Vehicle), Application (Defense, Government & Law Enforcement, Commercial, Consumer, Other), Mode of Operation, and Region -Global Forecast to 2030 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Web Site: Insight: Source: Logo: View original content: SOURCE MarketsandMarkets Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
18-06-2025
- Business
- Yahoo
CleanJoule's SpaceSAF Successfully Fuels a Rotating Detonation Rocket Engine
The recent ground test illustrates the viability of high-performance alternative fuels for space missions PARIS, June 18, 2025--(BUSINESS WIRE)--In a first-of-its-kind test, CleanJoule's high-performance alternative rocket fuel, SpaceSAF, was successfully used to power a Rotating Detonation Rocket Engine (RDRE) developed by Venus Aerospace, marking a major validation of next-generation fuel compatibility with cutting-edge propulsion systems. The ground test was conducted at Venus's Houston-based test site and represents a significant step forward in expanding the operational flexibility of RDRE technology across dual use missions. "Without affordable, domestically-produced alternative fuels, the financial and environmental costs of space missions become unsustainable," said Mukund Karanjikar, CEO and founder, CleanJoule. "The successful detonation of an RDRE utilizing SpaceSAF proves that alternative fuels can deliver for both performance and emissions needs in commercial and defense applications." SpaceSAF is a drop-in replacement for liquid (RP-1 & RP-2) rocket fuels that improves mission performance including increasing payload and distance. From the same base material used to produce SpaceSAF, CleanJoule also produces a sustainable solid rocket fuel (SSRF) for use as a superior performance, drop-in replacement for existing solid rocket motors. This milestone comes at a critical time with an ecosystem emerging that is focused on expanding access to space across satellite deployment, exploration, and defense systems. As more frequent launches drive up related CO2 emissions, the need for performant alternatives to conventional rocket fuels is urgent. "This test helps advance an important conversation in aerospace: how to pair next-gen propulsion with alternative fuels that don't compromise on performance," said Nick Cardwell, VP of Product and Advanced Concepts, Venus Aerospace. "CleanJoule's work on high-performance, low-emissions fuels contributes meaningfully to an evolving space and defense ecosystem, and we're pleased to see their product perform under real operational conditions." About CleanJoule CleanJoule Inc., headquartered in Salt Lake City, Utah, is an advanced fuels company that enhances performance across commercial and defense aerospace. CleanJoule's breakthrough pathway produces the only full performance, 100 percent drop-in advanced fuel that can be used for commercial, military, and space applications. CleanJoule's focus is on distributed manufacturing of advanced aviation fuels using readily available domestic biomass feedstocks, further ensuring supply chain resilience. CleanJoule's manufacturing process has superior efficiency while increasing energy density and reducing carbon emissions, soot, and contrail formation. Backed by Indigo Partners, Cleanhill Partners, GenZero, Frontier Airlines, Wizz Airlines, and Volaris, CleanJoule is on a mission to create superior aerospace and defense fuels that enable domestic supply chain resiliency. For more information, visit View source version on Contacts Media Kate Gundrycleanjoule@ 617-797-5174 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
