nse English news | nse, Latest News & Live Updates in English | English News (Latest English News) at Lokmattimes.com

L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a global leading pure-play engineering services company, has garnered a multi-year USD 100 million+ electric air mobility deal from Jaunt Air Mobility (Jaunt).As part of the contract, LTTS will open an Engineering and R&D Centre in Quebec Province for the next-gen electric aircraft manufacturer to provide engineering services for the Jaunt Journey eVTOL (electric Vertical Takeoff and Landing) air taxi.Under the purview of Jaunt's Urban Air Mobility (UAM) business focus, LTTS will offer global engineering services to support and build the Jaunt Journey. Collectively these will encompass technology areas such as power distribution system, air data management, cockpit display system, flight control system, battery management, electrification, power electronics, structural design, stress analysis, testing, certification, and manufacturing engineering.Jaunt is rolling out a new generation of sustainable aircraft to meet the growing demand for faster urban and regional travel. The Jaunt Journey takes off like a helicopter and transitions to flying like a fixed-wing plane using patented Slowed-Rotor Compound technology. These new air taxis will make it possible to travel more than 110 km in the air in 25 minutes or less, with trip costs affordable to the public. The Jaunt Journey, single-pilot aircraft, will carry four passengers. The vehicle will offer urban air mobility, cargo delivery, military missions, and medical transport.Martin Peryea, CEO & CTO, Jaunt, said, "At Jaunt, our vision is to usher in a range of new-age aircraft-driven urban commuting that is fast, safe, and convenient. This new clean, sustainable aircraft will reduce carbon emissions worldwide. Strategically, we are continuing to grow our Tier 1 partnerships and recognize LTTS as a best-fit engineering partner, and together we are confident of pushing the mass-scale commercialization."Eric Cote, President, Jaunt Air Mobility Canada, said, "The proposed Green Aerospace strategy created by federal and provincial governments makes it a perfect match for LTTS and Jaunt to offer end-to-end engineering support in structural design analysis and certification to develop the Jaunt Journey all-electric VTOL aircraft. LTTS has a history of working in Canada and can appreciate the potential behind this favorable environment."Amit Chadha, Chief Executive Officer & Managing Director, L&T Technology Services, commented, "This deal is a milestone for team LTTS in view of the tremendous opportunities opening up in UAM and drone services which are emerging as alternatives to the increasingly congested on-ground mobility in cities. LTTS has a track record of developing high-performance engineering solutions for global Aerospace and Defense for over a decade and has supported critical defense programs in the past. We believe this program will set the benchmark for future UAM projects and our team is excited to build on this important engagement with Jaunt, with the eventual aim to make urban commuting safer, greener, efficient and reliable."This story is provided by BusinessWire India.will not be responsible in any way for the content of this article. (ANI/BusinessWire India)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

NseFOLLOW

Nse, Latest News

New Delhi, May 12 A special CBI court here on Thursday refused to grant bail to former NSE ... ...

Rachna Infrastructure is an Infrastructure and Construction company with almost two decades of experience in all types of infrastructure and civil construction work. Since its incorporation in 2001, Rachna Infrastructure has grown from a local Ahmeda ...

New Delhi, May 11 Indian equity benchmarks on Wednesday extended their slump for the fourth straight session amid ... ...

L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a global leading pure play engineering services company, announced the successful conclusion of the 5th Edition of its widely acclaimed annual academia-industry innovation initiative, TECHgium ...

BLS International Services Ltd (BSE: 540073, NSE: BLS) is a trusted global tech-enabled services partner for governments and citizens, having an impeccable reputation for setting benchmarks in the domain of visa, passport, consular, citizen, e-govern ...

New Delhi, May 4 Share of retail investors (individuals with up to Rs 2 lakh shareholding) in companies ... ...

L&T Technology Services Limited (BSE: 540115, NSE: LTTS), India's leading pure-play engineering services company, announced its results for the fourth quarter ended March 31, 2021. ...

L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a global leading pure-play engineering services company, has garnered a multi-year USD 100 million+ electric air mobility deal from Jaunt Air Mobility (Jaunt). ...