Business
Aeronautics is in talks to sell its 50% stake in Controp Precision Technologies, a maker of electro-Optical and precision motion control systems for defense and homeland security applications, to the U.S. private equity giant KKR at a $150 million valuation, TheMarker has learned. Aeronautics, the troubled maker of military
Business
The US Coast Guard (USCG) has again selected Insitu and its ScanEagle for the Small Unmanned Aerial System (SUAS) for National Security Cutter (NSC) programme, this time as part of corrective action from its original contract award. Insitu spokesperson Jennifer Beloy said on 31 December 2018 that the company was
Business
Unifly, a Belgium-based drone traffic management provider, has raised a total of 14,6 mio Euro ( 16,8 mio US$ ) in a B-round, bringing the total invested capital so far to 21 mio Euro ( 26,5 mio US$ ). Investors in this new round of financing include the existing shareholders QBIC,
Business
Israel Aerospace Industries (IAI) is considering the acquisition of fellow unmanned aerial vehicle (UAV) manufacturer Aeronautics, it has been revealed. In a Tel Aviv Stock Exchange (TASE) notification, Aeronautics claimed that IAI is in talks regarding the buy, adding in a separate notification that it is also discussing the sale
Business
DroneUp has announced that it is collaborating with SkyWatch.AI to provide on-demand, automated flight insurance coverage to Part 107 pilots when they execute commercial missions delivered in the DroneUp app. The liability coverage will be carried by DroneUp at no additional charge to its participating drone pilots. After notifying,
Business
Insitu Inc., Bingen, Washington, is awarded $12,167,690 for firm-fixed-price delivery order N0001919F2638 against a previously issued basic ordering agreement (N00019-15-G-0014). This delivery order provides for the procurement of spare and sustainment parts that are required to maintain the RQ-21A Blackjack unmanned aircraft system in support of the Naval
Business
The producer of China's domestically-developed Wing Loong on December 25th. 2018 delivered the 100th unmanned aerial system (UAS) for export. The state-owned Aviation Industry Corporation of China (AVIC) started to export the Wing Loong series of aircraft in 2010. The aircraft has been widely used in anti-terrorist operations,
Business
General Atomics Aeronautical Systems Inc., Poway, California, has been awarded a $291,391,727 cost-plus-fixed-fee and firm-fixed-price contract for MQ-9 Reaper unmanned aerial systems support and services. This contract provides for program management, logistics support, configuration management, technical manual and software maintenance, contractor field service representative support, inventory control point
Propulsion
Rolls-Royce in Indianapolis has been selected to build the jet engine to power the MQ-25 Stingray, a new unmanned aircraft that promises to catapult the Navy toward revolutionary combat capability and the companies that build the sleek system toward a potential $20 billion prize. Missouri-based Boeing Defense, Space & Security,
Business
General Atomics Aeronautical, Poway, California, was awarded a $40,000,000 modification (P00029) to contract W58RGZ-17-C-0035 for services on the Gray Eagle unmanned aircraft system. Work will be performed in Poway, California, with an estimated completion date of June 15, 2019. Fiscal 2019 operations and maintenance Army funds in the
VTOL
The Spanish Armed Forces, through the DGAM (Dirección General de Armamento y Materiales) has acquired two Alpha 800 UAV helicopters from Alpha Unmanned Systems, SL. The Alpha 800 is a tactical 14 kg gasoline powered helicopter that provides 3 hours of continuous flight with a 3 kg payload and 30
Business
GENIUS NY, a business accelerator program at CenterState CEO’s Tech Garden, has announced the five finalists companies selected for its third round. These startup drone companies will participate in the year-long program and will compete for a total of $3 million in direct investment, with one grand prize of