summary
Summary
Industrial policy
Beijing: On January 24, the website of the Beijing Municipal People's Government released a notice from the General Office of the Beijing Municipal People's Government on the issuance of the "Beijing Action Plan for Accelerating the Innovation and Development of Commercial Aerospace (2024-2028)". The "Notice" makes it clear that by 2028, Beijing's commercial aerospace innovation capability will be significantly enhanced, and the industrial energy level will be significantly improved. The basic research for industrial innovation and development has been continuously strengthened, and a number of original innovation achievements have been formed. Breakthroughs have been made in key core technologies, and it has taken the lead in realizing the recovery and resumption of reusable rockets into orbit in the country, forming low-cost and high-reliability star and arrow product development capabilities and large-scale constellation construction and operation capabilities. The scale of the industry continues to grow, with the introduction and cultivation of more than 500 high-tech enterprises, more than 100 specialized and special new enterprises and more than 10 unicorn enterprises, and the number of listed companies exceeds 20. The industrial spatial pattern of "South Arrow and North Star" has been further deepened, and two characteristic industrial clusters and several characteristic industrial parks have been built, and the 100-billion-level industrial cluster of commercial aerospace has been expanded. After that, Beijing will spend another five years to form a normal launch capability of reusable rockets, build a space-earth integrated navigation and remote giant constellation system, deeply integrate aerospace information with economic and social development, and build a commercial aerospace innovation and development highland with global influence. (Beijing Municipal People's Government website)
Russia: Russia provides 283 billion rubles (23.1 billion rubles) of preferential loans for the production of its domestically produced passenger planes! The Russian government has decided to provide Rostec Group with a preferential loan of 283 billion rubles (23.1 billion yuan) for the production of 609 domestically produced passenger planes. The total investment of the project is 1 trillion rubles (81.8 billion yuan), and the loan amount accounts for 28%. The preferential interest rate is 1.5% and the loan term is 1 year. (World Aviation Information)
Industry dynamics
Aerospace Sanjiang: The vertical take-off and landing test of the Kuaizhou rocket reusable technology test rocket was a complete success. At 15 o'clock on January 26, the reusable technology test arrow of Kuaizhou rocket independently developed by China Aerospace Science and Industry Aerospace Sanjiang Rocket Company successfully completed the vertical take-off and landing test. The test uses the liquid oxygen methane engine independently developed by the rocket company, the flight time is 22 seconds, the hovering in the air is 9 seconds, the hovering height accuracy is 0.15 meters, the landing attitude of the test arrow is stable, the landing position is accurate, the rocket body is in good condition, and the test mission is a complete success. The success of this test has laid a solid foundation for the development of the Kuaizhou series of reusable liquid oxygen methane launch vehicles. (China Aerospace News)
Northrop Grumman (USA): A new American war bomber goes into production. Just two months after the first flight of the new generation of the U.S. strategic bomber B-21 "Raider", the Pentagon announced that Northrop Grumman had been awarded a contract for the low-speed initial production of the B-21 bomber. U.S. Deputy Secretary of Defense William Laplant, who is responsible for procurement and support, said in a statement: "Production of the B-21 Raider stealth bomber is moving forward. Based on the results of ground and flight tests, as well as the team's mature manufacturing program, I approved the start of production of the B-21 bomber at a lower rate. "A key attribute of the Raider project is that the aircraft was designed from the outset for direct production and is capable of providing reliable deterrence. The B-21 bomber will replace the B-1B "Lancer" and B-2 "Phantom", providing the United States with a completely new strategic deterrent capability. It is expected that this bomber will be put into service in the mid-20s of this century, and the US Air Force wants to produce at least 100 B-21 bombers. (Global Times)
Financing events
Oriental Space: On January 24, Oriental Space, a private aerospace company, announced the completion of nearly 600 million yuan in Series B financing. This round is invested by new institutions such as Liangxi Science and Technology Innovation Industry Fund of Funds (managed by Bohua Capital), Shenyin Wanguo Investment, Hongtai Fund, Xinding Capital, etc., and the old shareholders such as Shanxing Capital, CMBC International, Dinghe Gaoda, etc. continue to be supported. The financing will be used for the "Force-85" 100-ton liquid oxygen kerosene engine research and development and production, to accelerate the "Gravity-2" large recyclable liquid launch vehicle development rocket development rocket is a very money-burning thing, with the B round of financing landing, Oriental Space has become one of the Chinese private aerospace companies with the highest financing amount. In just three years, Oriental Space has received relay investment from dozens of VCs, with a total financing of nearly 2 billion yuan. Behind Oriental Space, there are many first-tier US dollar funds and industrial capital, including Jingwei China, Sequoia China, Zhen Fund, MiraclePlus, Xianfeng K2VC, miHoYo, etc. The valuation of Dongfang Space's B round of financing has reached about 6 billion yuan, becoming the latest private aerospace quasi-unicorn company in China. (Business card)
Authors of this issue: Chen Lei, Wang Hao, Bao Yanxin
Preview of industry conferences
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