Australian electro-optical sensor provider Electro Optic Systems has issued more than 3.8 million ordinary shares priced $1.68 each in a private placement, for raising gross proceeds of $6.48m.
The proceeds from the offering will be used for the company’s working capital needs.
Boom Technology has secured $33m in Series A financing round, increasing its total funding to $41m.
The funds will allow the company to complete the development of a prototype of XB-1 supersonic jet, as well as execute the prototype’s flight test programme.
Boeing and US-based supplier of automotive seats and components Adient have collaborated to develop new seating and interior systems for commercial aircraft.
The new interiors to be developed under the partnership are intended to improve passenger comfort and operational flexibility of the aircraft.
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By GlobalDataAmerican Airlines Group has entered negotiations to buy a stake in China Southern Airlines in order to expand the former's presence in China.
Subject to shareholder and government approvals, the proposed deal involves issue of shares, and other business co-operation.
