Business
China's SZ DJI Technology Co Ltd, the world's largest maker of consumer drones, has discovered several cases of serious corruption at the company and expects 2018 losses of more than 1 billion yuan ($150 million) as a result, the company announced. The company said it was
Business
As part of an ongoing global growth initiative, Microdrones has acquired Aircam UAV Technology (“Aircam”), a 64 employee Chinese company with its main location in Foshan, an hour-drive from Guangzhou in Southern China, and a branch in Beijing. Aircam has developed a large Chinese and Southeast Asian customer base
Business
FLIR Systems, Inc. announced that it has been awarded a contract from the French Defense Procurement Agency (DGA) in support of the French Operational Pocket Drone (DrOP) program. The contract has a ceiling value of $89 million to provide the FLIR Black Hornet 3 nano-unmanned aerial vehicle (UAV) and
Business
Terra Drone Japan (Shibuya-ku, Tokyo, CEO Toru Tokushige) and Plimsoll UAV (Rio das Ostras, Brazil, CEO Marcelo Belleti) announce the establishment of a joint venture called Terra Drone Brazil. Terra Drone Ltd. is a Japan-based UAV company, which serves its clients with safer and more efficient surveys and
Construction
Delair has announced interoperability of high-precision data acquired from the Delair UX11 drone with version 5.0 of the Trimble Business Center software.
Business
General Atomics Aeronautical Systems, Inc. (GA-ASI) announced that it has teamed with five Belgium-based businesses as part of an industrial collaboration effort with the Belgian aerospace and defense industry. Team SkyGuardian Belgium includes GA-ASI, SABCA, Thales Belgium, Esterline, DronePort, and satellite communication technology company Newtec. The Government
Business
Drone Aviation Holding Corp., a manufacturer of tethered drones and lighter-than-air aerostats announced that it was selected by a prime contractor under an initial $3.8 million award. Additionally, the Company has solidified its cash position with the closing of an initial $2 million in equity capital to
Business
Israeli drone logistics startup Flytrex, which specializes in food and consumer good deliveries via unmanned aircraft systems, has raised $7.5 million in a series B funding round led by Benhamou Global Ventures, with additional investment from Btov. The investment follows a $3 million Series A funding round in June
Business
Suntuity AirWorks has announced the acquisition of BirdsiVideo and Osprey Assessments, two of the largest UAS dealer and services networks across the United States. The acquisition will enable BirdsiVideo and Osprey Assessments to leverage the length and breadth of the Suntuity Group of Companies which includes financial, software, energy, infrastructure,
Business
Ukraine’s state-owned defense exports and industry agency Ukrspecexport signed a contract for the procurement of six Bayraktar TB2 unmanned combat aerial vehicles from the Turkish company Baykar Makina. On 12 January Ukrainian President Petro Poroshenko has reported that the agreement between the State Company Ukrspetsexport, which is part
Business
As 2018 came to a close, the Civil Aviation Authority (CAA) awarded Hybrid Air Vehicles Ltd a Production Organisation Approval. Following the successful award of our Design Organisation Approval from the European Aviation Safety Agency (EASA) in October 2018, this latest achievement sees HAV starting 2019 in a strong position
Business
Israel's state-owned Rafael Advanced Defense Systems and businessman Avihai Stolero have offered to buy unmanned aerial vehicle maker Aeronautics for 850 million shekels ($232 million). The news sent shares of Aeronautics up 37 percent in morning trade in Tel Aviv on Sunday. Aeronautics rejected a 430 million