Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Aerospace and defense company BAE Systems and Swedish electric airplane maker Heart Aerospace on Thursday announced a collaboration to develop the battery system for Heart’s ES-30 regional electric jet.

The battery will be the first-of-its-kind to be integrated into an electric conventional takeoff and landing regional aircraft, the companies said.

The ES-30 jet will be powered by 4 electric motors and has an all-electric range of 200 kilometers.

The plane also has an extended reserve hybrid range of 400 kilometers with 30 passengers and can fly up to 800 kilometers while carrying 25 passengers.

“Our industry-leading solution builds on decades of expertise delivering technologies and systems needed to progress sustainable transportation,” Ehtisham Siddiqui, vice president and general manager of Controls and Avionics Solutions at BAE Systems, said in a press release.

“We are delighted to collaborate with Heart Aerospace on the innovative battery system for its electric airplane.”

Currently, BAE Systems has more than 15,000 power and propulsion systems operating in service worldwide.

“BAE Systems’ extensive experience in developing batteries for heavy-duty ground applications, and their experience in developing safety critical control systems for aerospace, make them an ideal partner in this important next step for the ES-30 and for the aviation industry,” Sofia Graflund, Chief Operating Officer at Heart Aerospace, said in a press release.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • WM Morrison Supermarkets share price plummets, company expects profit declineWM Morrison Supermarkets share price plummets, company expects profit decline The shares of WM Morrison Supermarkets Plc, which is the fourth-largest grocer by market share in the U.K., were reported to have made their biggest decline since 2008. The company made a statement, revealing it expects its profit to decrease […]
  • Natural gas trading outlook: futures gain ahead of US inventories reportNatural gas trading outlook: futures gain ahead of US inventories report Natural gas futures traded higher during early hours in Europe today, ahead of the US Energy Information Administration (EIA) weekly report on gas inventories. The US consumes more than 20% of all natural gas, and stockpiles in the country are […]
  • Oil falls on QE outlook and China slowdown (Update)Oil falls on QE outlook and China slowdown (Update) Both WTI and Brent crude dropped near 2% on Thursday following an unexpected rise in Crude Oil Inventories and latest Quantitative Easing outlook. On Wednesday, Fed chairman, Ben Bernanke, announced the central banks monetary stimulus might […]
  • Soft futures mixedSoft futures mixed Soft futures were mixed on Wednesday with sugar, arabica and cotton marking declines, while cocoa traded higher. The sweetener fell after rising by 4.1% for the past three days on speculation rain would slow cane processing in the worlds […]
  • Merck increases quarterly dividend to $0.81Merck increases quarterly dividend to $0.81 Merck & Company Inc (NYSE: MRK) said on Tuesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.81 per share of common stock.The latter represents an increase of 5.19% compared to the previous quarterly […]
  • Stock Indices: Dow Jones with a retreat on Monday, lower oil prices, Caterpillar performance weighStock Indices: Dow Jones with a retreat on Monday, lower oil prices, Caterpillar performance weigh On Monday Dow Jones Industrial Average traded within the range of 17,668.62-17,782.92. The benchmark closed at 17,705.91, shedding 0.20% (34.22 points) on a daily basis. It has been the 29th drop in the past 69 trading days. The daily high has […]