iscover
The event, supported by principal partner KBR, is organised by Australian Aviation's sister brand Space Connect. This year's black-tie gala ceremony is on Wednesday, 17 May 2023 at the ICC in Sydney.
The business will cease operations “for the feasible future” after failing to secure a rescue deal. It follows its botched launch in the UK earlier this year.
CEO Dan Hart extended stand down for most of the business’s employees but insisted discussions on a potential injection of cash are still ongoing.
According to a new report, the business is still “aiming” to secure additional capital this week, though prior investor Boeing is understood not to be involved in rescue talks.
Hypersonix Launch Systems was selected ahead of 63 entrants by the US Defense Innovation Unit (DIU) for a program testing aircraft that can fly faster than five times the speed of sound.
It follows the company’s inaugural overseas launch failing earlier this year in the UK, and the business reporting an operating loss of $US149 million for the first nine months of 2022.
PROFILES
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Raising the Bar in Commercial Laundry: How Rinse & Repeat Is Redefining Service for Aviation
UPRT Australia- Transforming Aviation’s Greatest Risk into Its Greatest Asset
UPRT Australia- Transforming Aviation’s Greatest Risk into Its Greatest Asset
