Military
Elbit Systems Ltd. announced that it was awarded an approximately $300 million contract by a country in Asia to provide Hermes 900 Unmanned Aircraft Systems . The contract will be performed over a period of five years. Under the contract, the Company will provide its Hermes 900 UAS and associated sub-systems,
Military
Back in November 2020, China North Industries Group Corporation Limited (NORINCO) announced that its Golden Eagle CR500 vertical take-off and landing UAV had completed final inspections and been cleared for delivery to an undisclosed costumer. An anonymous source at IDEX revealed that the UAE army plans to buy a bunch
Business
The process for the sale of the business complexes of Piaggio Aero Industries and Piaggio Aviation – the two companies in extraordinary receivership operating under the Piaggio Aerospace brand - enters its final stage. After the due diligence phase and after having received the relevant authorization from the Italian Ministry for
Business
AeroVironment, Inc. announced that it has acquired Progeny Systems Corporation’s Intelligent Systems Group (ISG), a leader in the development of artificial intelligence-enabled computer vision, machine learning and perceptive autonomy technologies and provider of related services to United States government customers. The acquisition will significantly accelerate AeroVironment’s development of
Military
General Atomics Aeronautical Systems, Inc. (GA-ASI) and GKN Aerospace have signed a contract for GKN Aerospace to manufacture the advanced composite V-tails for GA-ASI’s new MQ-9B SkyGuardian Remotely Piloted Aircraft System (RPAS) from their Cowes facility in the United Kingdom. SkyGuardian is the baseline system of the UK Royal
Business
Flint Hills Solutions and UAV Navigation have announced a Strategic Partnership to work together in North America to integrate their joint technologies onto the FH-900 series fully autonomous Vertical Takeoff and Landing (VTOL) Unmanned Aerial System (UAS) Helicopter. The combined capabilities of the two companies represents a significant step in
Business
Wolfpack Research, a global financial research & due diligence firm dedicated to protecting investors by ensuring a balance in the financial ecosystem, just published a report revealing why they believe EHang NASDAQ: EH is an elaborate stock promotion, built on largely fabricated revenues based on sham sales contracts with a
Military
AeroVironment, Inc. announced that it had completed its acquisition of Arcturus UAV, Inc. a designer and manufacturer of high-performance unmanned aircraft systems (UAS). The approximately $405 million transaction was previously announced in January 2021. The United States Special Operations Command (USSOCOM) selected Arcturus UAV as one of six companies qualified
Business
General Atomics, Aeronautical Systems Inc., Poway, California, is awarded an $11,155,719 firm-fixed-price modification (P00012) to previously awarded contract N00019-18-C-1063. This modification exercises options to procure Group 5 Unmanned Air System (UAS) Intelligence, Surveillance and Reconnaissance support for outside the continental U.S. (OCONUS) Task Force Southwest and Marine
Business
Wingcopter, the German developer, manufacturer and operator of unmanned delivery drones for commercial and humanitarian applications, has joined forces with the Flying Labs Network as a Technology Partner. The goal of the partnership is to improve supply chains through locally led cargo drone projects and to equip local talent with
Military
Silent Arrow has announced the United States Air Force has awarded contract FA864921P0478 entitled "Feasibility of Downsizing and Adapting Commercial Silent Arrow Cargo Delivery UAS to Meet Specific AFSOC Operational Requirements" to the company effective February 5, 2021. The contract will be executed in partnership with the Air
Commercial
Red Cat Holdings, Inc.has announced the signing of a definitive agreement to acquire Skypersonic, Inc., a provider of drone products and software solutions that enable drone inspection flights that can be executed by pilots anywhere in the world. Skypersonic powers drones to "Fly Anywhere" and "Inspect