Business
The White House has just published this Letter from the President to the House Committee on Financial Services and the Senate Committee on Banking, Housing, and Urban Affairs: In accordance with section 303(a)(6)(A) of the Defense Production Act of 1950, as amended (the “Act”) (50 U.S.
Commercial
Honeywell has signed an agreement with an unnamed air taxi developer to supply multiple units of its new IntuVueTM RDR-84K Band Radar System for the developer's urban air mobility (UAM) prototype aircraft. The innovative, compact and lightweight software-based radar detects multiple obstacles in and around its
Business
AeroVironment, Inc. has announced it has acquired Pulse Aerospace, LLC, a developer and supplier of small VTOL UAS, for $25.7 million in cash, including milestone-based earn-out payments of $5 million. AeroVironment financed the transaction entirely from available cash on hand. Pulse Aerospace is a leading developer of
Business
DroneShield Ltd and Collins Aerospace Systems, a unit of United Technologies have entered a Memorandum of Understanding to collaborate on opportunities with the Australian military and globally, with a focus on adding DroneShield’s counter-drone capabilities to customers already utilising the broader surveillance systems produced by Collins Aerospace. Collins
Commercial
Robotic Skies Inc., a global maintenance network for commercial UAS, announced that it has been selected by Silent Falcon UAS Technologies to provide its customers access to a comprehensive UAS service and support package. Robotic Skies adds Silent Falcon to its growing list of commercial UAS OEMs seeking to improve
Business
TruWeather Solutions, Inc., a micro weather data and analytics company successfully raised a Series Seed investment from Kluz Ventures, through its The Flying Object and The Next Impact funds. This investment will fuel the enhancement and market penetration of its first product, TruFliteUAS. TruFliteUAS is a micro weather data and
Business
The Royal Jordanian Air Force (RJAF) has put its Chinese-made armed unmanned aerial vehicles (UAVs) up for sale, indicating its disappointment with their performance. In a notice posted on its website on 3 June, the RJAF said it was looking to sell six CH-4B UAVs, a type made
Transport
Drone Delivery Canada Corp. has announced that it has entered into an agreement with Air Canada effective May 29, 2019 whereby Air Canada Cargo will market and sell DDC's drone delivery services in Canada using Air Canada Cargo's marketing and sales platforms and resources. Pursuant to
Business
Boeing drone unit Insitu, which employs about 1,000 people in the Columbia River Gorge and about 500 elsewhere, said Tuesday it is cutting its workforce due to competitive pressures and a falloff in business. Chief executive Esina Alic announced the news to employees without providing any details on the
Business
Boeing has announced its investment in Robotic Skies, a services provider that connects manufacturers and operators of commercial unmanned aircraft systems (UAS) with a global network of more than 170 civil aviation authority-certified repair stations. “With safety as a cornerstone, we are shaping a robust operational ecosystem for on-
Business
Northrop Grumman Systems Corp., San Diego, California, is awarded a not-to-exceed $65,173,723 advance acquisition contract for long-lead components for the manufacture and delivery of three low-rate initial production Lot 5 M-4C Triton unmanned aircraft for the Navy (2); and the government of Australia
Electronic Sub-Systems
BAE Systems, Nashua, New Hampshire, has been awarded a not-to-exceed $39,459,120 undefinitized contract action for the France MQ-9 Foreign Military Sales (FMS) Sensor Pod effort. This contract provides for the production of FMS sensor pods, which will be utilized on the French Air Force MQ-